The Congress, always in hock to Wall Street, is dragging its feet in passing anything near the sweeping regulatory restructuring that is needed if we are to prevent Goldman Sachs and the rest of the gang from exploiting their “moral hazard” by using the federal treasury as the mother of all “credit default swaps.”
It’s amazing that even after the entire Wall Street house of cards collapsed a year ago requiring the public sector to rescue the private sector these fierce advocates of free-market fundamentalism can still show their faces in public, let alone gather to rail against the evils of the government that saved their asses.
Next year, Arnold Schwarzenegger’s circus will leave Sacramento. The cigar tents will be packed up and his menagerie of lobbyists and hangers-on will follow him out of town. And like a departing circus it will leave in its wake a barren field strewn with garbage and elephant shit. Whoever is the next Republican nominee for governor will have to at least promise to clean up some of this mess. The last thing the state needs is a Margaret Thatcher wannabe.
What Glenn Beck, Roger Ailes, and their allies did in drumming Van Jones out of the government was an example of 21st century McCarthyism. They smeared Jones’ past political remarks and associations the same way Joe McCarthy and Roy Cohn smeared a young Boston lawyer named Fred Fisher for being a member of the National Lawyers Guild.
The 30-year class war the rich launched against the working people in this country (and reached its apogee during the George W. Bush years), has left the middle class reeling and wounded. Only bold federal action that puts something concrete in the palms of middle-class Americans can begin to turn these dire social conditions around.
Mayor Newsom is the most exciting thing to happen to California politics in years. He has started his campaign early, enlisted the help of an army of energetic young people who represent the future of the state, and promises to lift California out of the morass the deadening hands of the Republicans have submerged us in.
Democratic politicians facing town hall disruptions should seek the help of their working-class supporters. Make sure large numbers of people from the local unions come to these events. Then we’ll see if the Tea Bagger thugs can continue their bullying tactics on behalf of corporations seeking to block progress on health care.
The California State Senate adjourned at midnight, unable to pass three stopgap bills that would have saved the state $7 billion. To appease Governor Arnold Schwarzenegger, the Democratic leaders of the state legislature hastily drew up the three complicated bills to try to stave off fiscal collapse and the necessity to begin issuing IOUs. All [...]
Franklin Delano Roosevelt declared that the test of our nation was “not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.” California Governor Arnold Schwarzenegger might be married to a Kennedy but his governing philosophy is pure George W. Bush [...]
When his term mercifully expires next year, California Governor Arnold Schwarzenegger will be leaving the Golden State in the worst condition than at any time its history. If Schwarzenegger and his right-wing Republican co-conspirators get their way (as they always seem to do), they’ll gut every social program and educational institution in the state in [...]
California Governor Arnold Schwarzenegger and his Republican colleagues are using the trauma of the economic collapse and the record state budget deficit to implement policies they’ve been advocating for years. “This budget ought to be solved in one chunk, at one time,” the governor says, “and let’s do it quickly.” As usual, the working poor [...]
Wednesday afternoon, Glenn Beck and two of his guests argued that Adolph Hitler and the Nazi Party were “left wing”; that “political correctness” led the committed white supramacist, James Von Brunn, to shoot a security guard at the Holocaust Museum in Washington, DC; and that ultimately President Barack Obama is the one responsible for the [...]