Former Detroit City Council President Monica Conyers will be sentenced Dec. 1 on a felony bribery charge, a federal judge ordered Tuesday. That's the little woman, not the John, who's probably in line for a suspended sentence...
Conyers, 44, could face prison, though her Detroit attorney, Steve Fishman, said he will ask U.S. District Judge Avern Cohn for probation. And likely get it. Not that the fix is in or anything...
Conyers, who remains free on bond, pleaded guilty June 26 to taking bribes in connection with the $1.2 billion Synagro Technologies Inc. sewage sludge contract the Detroit City Council awarded in 2007, with Conyers casting the deciding vote.
She admitted taking at least $6,000 in cash stuffed in envelopes sent by Detroit businessman Rayford W. Jackson, who was the local partner to Synagro, a Texas company.
She admitted taking at least $6,000 in cash stuffed in envelopes sent by Detroit businessman Rayford W. Jackson, who was the local partner to Synagro, a Texas company. A McDonald's parking lot and the Butzel Family Center in Detroit were among the locations where Conyers received cash deliveries, according to court documents.
In her plea agreement, Conyers also admitted taking unspecified bribes in her role as a trustee of Detroit's General Retirement System.
In July, Conyers said on her TV show that she chose her words carefully because "I don't want to go to jail." Since her plea and the end of her TV show, she has not made a public statement.
Conyers is the wife of U.S. Rep. John Conyers, D-Detroit, who chairs the House Judiciary Committee.
Posted by: Fred ||
10/29/2009 00:00 ||
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Now that the truth is beginning to dribble out about the Troubled Asset Relief Program - the Government Accountability Office's eagle-eyed auditors said they found no evidence that it prevented a financial meltdown a year ago - this $700 billion monument to political posturing should be shut down. This can be done in three easy steps: First, federal financial regulators should be called before Congress to explain why they did nothing before 2008 to stop the proliferation of toxic mortgage-backed securities; second, all outstanding TARP funds given to corporations should be returned with interest by a date certain; and third and most important, government-owned shares in companies that received TARP funds should be sold.
Are the two men in Congress most responsible for overseeing TARP ready to clean up the mess? There is no way of knowing because they won't say. The Examiner got no response from spokesmen for either Senate banking committee Chairman Chris Dodd, D-Conn., or House Financial Services Chairman Barney Frank, D-Mass. We asked if they have read the damning GAO report and if they plan to do anything in response to it's central finding.
Their silence comes as no surprise since Dodd and Frank voted for TARP and were members of the bipartisan congressional chorus that joined President Bush and Treasury Secretary Henry Paulson last year in warning of economic collapse if the program wasn't approved. Now, when GAO issues a report that says it could find no evidence that TARP made one iota of difference to the ultimate outcome of the economic crisis of 2008, Dodd and Frank don't seem interested in talking about it.
Sen. Richard Shelby, R-Ala., who voted against TARP, pointed out at during a September banking committee hearing that TARP morphed from a targeted program designed solely to purchase toxic assets and unfreeze credit markets to a free-for-all bailout of auto companies, delinquent homeowners, and practically anybody else with an itchy palm. Meanwhile, hardworking taxpayers who are stuck with the bill watch in disbelief as the value of their homes and dollars dribble away and foreclosures mount to record levels.
Those who like Shelby opposed TARP have been vindicated. During the September hearing, Special Inspector General Neil Barofsky blamed a continuing lack of transparency and accountability for the public's "anger, cynicism and distrust" of federal bailouts. Taxpayers should be infuriated by this colossal waste of their hard-earned money and the failure of Dodd and Frank to get to the bottom of why it happened.
Posted by: Fred ||
10/29/2009 00:00 ||
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#1
Dodd & Frank. Who said that, `The Corsican Brothers` wasn't about real people?
#5
Short answer: NO.
That's because it is about the death of the greenback (see article above, although he solely blames Bush and 8 years of war). The Cloward-Piven strategy calls for trashing the economy so it can be "transformed". Frank-ly, they are just Dodd-ering fools that know not what they do.
#6
Your rent-seeking classes don't think the TARP failed.
You want to "force" them to drink a lower quality Champagne? Some of the bond-holding classes might even have to leave their trust-fund existence and work!
Whilst your working half your time for the state you can smile because someone is enjoying themselves.
#2
just an incredible unlikely once-in-a-lifetime coincidence. I'm sold on that
Posted by: Frank G ||
10/29/2009 17:37 Comments ||
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#3
I have a good friend who works high up in the LA Chamber of Commerce (he is a hardcore Obama guy). He was the first one to tell me about this and said upfront that it was totally intentional and brilliantly so (since the Gov can claim the whole thing was nothing more than a freak coincidence). Pretty awesome, if you ask me.
#4
i would Cheer form the rooftops if he actually said it out loud and in person. i would also pay a months wages to see him grab the little twerp by the neck and pound the tar out of him.
now that might solve the California budget crisis -- a weekly pay per view of Arnold kicking the $#!t out of a democrat state assemblyman while vetoing a piece of worthless legislation.
Posted by: abu do you love ||
10/29/2009 22:16 Comments ||
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#5
abu do you love, i like your idea a lot. somebody should write that down.
New DKos/Research 2000 poll in NY-23 race shows Conservative Party candidate Doug Hoffman surging into a statistical tie with Democrat Bill Owens, while Republican Dede Scozzafava has faded to a distant third:
Owens (D) 33 (-2 vs. last poll Oct 19-21)
Hoffman (C) 32 (+9)
Scozzafava (R) 21 (-9)
This tracks with the movement we've seen in some other recent polls in this race.
Wonder who Dede is stealing votes from at this point?
Posted by: Steve White ||
10/29/2009 16:28 Comments ||
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Scozzafave is taking votes from D that realize she is to the left of Owens and R that are paying any attention.
Mainly she's taking votes away from Newt Gingrich 2012 plans -- this has proven him to be either a gullible idiot, or an establishment kissass. Newt's done - no credibility left at all with the grass roots.
Clinton redux. Because to the left public property is their personal property.
During his first nine months in office, President Obama has quietly rewarded scores of top Democratic donors with VIP access to the White House, private briefings with administration advisers and invitations to important speeches and town-hall meetings.
Bill Clinton turned the White House into a hotel. Barack Obama is turning it into a spa.
High-dollar fundraisers have been promised access to senior White House officials in exchange for pledges to donate $30,400 personally or to bundle $300,000 in contributions ahead of the 2010 midterm elections, according to internal Democratic National Committee documents obtained by The Washington Times.
Posted by: ed ||
10/29/2009 11:41 ||
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A White House aide on Tuesday quickly backtracked on her charge that Fox News was biased after a reporter asked her whether she believed MSNBC was similarly skewed.
"Of course they're biased," Senior Adviser Valerie Jarrett said about Fox's coverage, adding that the administration was going to "call them on the carpet" for "all of the distortions." But when CNN's Campbell Brown pressed Jarrett to say if MSNBC's reportage also possessed a political slant, Jarrett revised her original reply: "Actually, I don't want to just generalize all FOX is biased or that another station is biased."
"I think what we want to do is look at it on a case-by-case basis," Jarrett explained about the White House's media strategy. "And when we see a pattern of distortion, we're going to be honest about that pattern of distortion."
Jarrett's remark on Tuesday is merely the Obama administration's latest salvo in an ongoing battle against the Fox network, which White House officials have recently decried as too opinionated to qualify as news. Fox reporters, however, have increasingly fired back at that strategy, and a number of Republicans have similarly accused the White House of trying to stamp out dissent.
But Jarrett dismissed that premise during her interview. She explained the administration was instead committed to correcting the many inaccuracies pervading national debates over such landmark issues as healthcare reform -- an effort, she added, that is not exclusively targeted at Fox.
"I think that what the administration has said very clearly is that we're going to speak truth to power," Jarrett said.
Because what is President of the United States Barack H. Obama if not a powerless innocent, armored only by Truth, facing down The Man?
"When we saw all of the distortions in the course of the summer, when people were coming down to town hall meetings and putting up signs that were scaring seniors to death, when we have seen commercials go up on television that are distorting the truth, we're actually calling everybody out."
#1
Yep, even when they get the power, they're the victims. Victimocracy! Victimhood trumps the basics of civil and human rights and the democratic form of government. I guess when they're taking lessons at the madrases they don't cover Aesop's "The Boy Who Cried Wolf".
While the stock market has picked up and the country appears to be pulling out of the recession, a majority of Americans - for the first time in the Obama presidency - says the U.S. is headed down the wrong track, according to a Wall Street Journal/NBC News poll conducted Oct. 22-25.
Fifty-two percent say the country is on the wrong track compared to 36 percent who say it is headed in the right direction with 9 percent saying conditions are mixed and 3 percent undecided. While there have been pluralities saying the U.S. is on the wrong track in four of the previous five WSJ/NBC polls during Obama's presidency, this is the first time the number broke 50 percent. The one month where that was not true was April when 43 percent said things were on the right track and an equal number said they were going in the opposite direction.
President Obama's job approval rating stands at 51 percent, the same number it had been during the previous two months.
But the approval ratio for his handling of the economy has dipped from 51 in September to 47 percent in October. Forty-nine percent are very dissatisfied with the state of the economy and another 31 percent are somewhat dissatisfied. Seventeen percent are somewhat satisfied and only 2 percent are very satisfied.
Fifty-eight percent say there is "still a ways to go" before the economy hits bottom, while 29 percent believe the economy has bottomed out. But a plurality - 42 percent - believe things will get better in the next 12 months compared to 33 percent who say they will stay the same and 22 percent who predict things will be worse. Sixty-three percent believe that current conditions are due to factors Obama inherited while 20 percent say he is responsible for them.
Sixty-four percent don't see the improvement in the stock market as real evidence the economy is improving.
Posted by: Fred ||
10/29/2009 00:00 ||
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#1
Have a feeling the "Wrong Track" numbers are going to get larger as people see the Marxist/Communist train wreck coming down the tracks.
#4
the country appears to be pulling out of the recession
Who thinks that the country is recovering?
Posted by: Formerly Dan ||
10/29/2009 15:41 Comments ||
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Dan, it's propaganda day coming out from AP today.
GDP rose in the third quarter by 3.5%. Probably due to 'cash for clunker' gimmick and $8k first time homebuyer incentive.
Posted by: Tom- Pa ||
10/29/2009 15:57 Comments ||
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Want to be noticed by any one of the hosts that have a primetime show on MSNBC's weeknight lineup? Just figure out a way to make Rep. Michele Bachmann, R-Minn. the subject matter, and there's an excellent chance either Ed Schultz, Chris Matthews, Keith Olbermann or Rachel Maddow will take a shot at it, or her, during their shows.
In the Oct. 25 Washington Post, George Will penned a column about Bachmann, outlining her ascendancy into the national spotlight, which told of her start in politics and how she grew to become reviled by the left. And it was just a matter time before one of the charming personalities on MSNBC made some sort of remarks about the column, albeit two days later. That came on Olbermann's Oct. 27 "Countdown" broadcast.
"Dateline, Anoka, Minn. - number one, best revelation: George Will, in a profile of Michele Bachmann, writes, When she was a teenager in Anoka, Minn., she was a nanny for a young girl named Gretchen Carlson," Olbermann said. "Today, Carlson, a Stanford honors graduate, who studied at Oxford, is a host of Fox & Friends,' the morning show on, wouldn't you know, Fox News Channel. See how far ahead the vast-right wing conspiracy plans?'"
But it was only after Olbermann dedicated some 20 seconds of his show during his "World's Best Persons" segment to recite the last paragraph of Will's column, that he took the cheap shot. The shot? Praising Carlson and Bachmann as a "waste" of Will's skill.
"Yeah, George, but not far enough to make sure Carlson's nanny would grow up to have some credibility of some sort," Olbermann said. "And certainly not far enough to make sure you didn't waste your considerable skills defending the likes of Gretchen Carlson, Michele Bachmann and Fox News."
Earlier this month, Olbermann complained when Bachmann referred to certain personalities on the network as "stalkers" for their fixation on attacking her and demanded an apology from Bachmann to everyone that had ever been stalked. And the Minnesota congresswoman isn't exactly one of the most powerful members of the U.S. House of Representatives, having ranked 363rd out of 435 members in the most recent "power rankings" put out by a group called Knowlegis, making the attacks even more curious.
Posted by: Fred ||
10/29/2009 00:00 ||
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#1
Olbermann needs to go back to doing sports, like local Middle School Track meets.
#7
Alinsky tactics. She's been on the receiving end of them for some time now and will continue to be until she's out of politics or some other target presents itself to the Horde.
Posted by: Mike N. ||
10/29/2009 12:35 Comments ||
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#8
The attention she receives means that she is very effective and that they are scared as hell of her.
This week's striking Gallup poll on political ideology is further confirmation that the United States is in essence a conservative nation, which has ironically become even more conservative under Barack Obama. According to Gallup, 40 percent of Americans describe their political views as conservative, 36 percent as moderate and 20 percent as liberal. This is the first time conservatives have outnumbered moderates in America since 2004.
These are staggering figures when you consider that the Left currently dominates the Executive Branch of the US Government, both Houses of the United States Congress, the federal bureaucracy, huge swathes of local government in many big cities, academia, the public school system, and most of the establishment broadcast and print media in America. The figures show there is a huge disconnect between the American public and those who wield much of the political power in the country.
Most significantly, Gallup's 16 surveys of 5,000 adults conducted across 2009 have definitively shown that conservatism is on the rise despite the election in 2008 of the most liberal president in American history. The biggest factor pushing up conservative support has been a shift among independent voters, 35 percent of whom now describe themselves as conservative, compared to 29 percent in 2008.
The Gallup survey also reveals a distinctly rightward shift in public attitudes since the Obama administration took office, with a growing backlash against the US government's support for big government solutions to the country's economic woes, as well as a marked rise in public support for socially conservative views.
Posted by: Fred ||
10/29/2009 00:00 ||
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#4
Barack Obama may believe that his incessant whining about all the challenges his
predecessor left him lets America know how tough he has it. The danger to his
presidency is that it can sound awfully like "I'm not up to the job."
#5
I don't think we Rantburgers didn't already know this. The problem is that the NRCC has seemed so inept that they will likely squander any votes this could translate into by supporting Rinos and not fiscal conservatives who believe in the constitution as written.
#6
Real Clear Politics reported a recent Gallup Poll: Forty percent of Americans describe their political views as conservative, 36 percent as moderate, and 20 percent as liberal. Seems like the Trunks would stopping trying to look like liberals and define their base and ideology as conservative. They would pull in the conservatives and some of the moderates and most likely win at election time. They need to quit being Dodos.
While in the North Country to announce electricity discounts for small businesses and dairy farmers, Gov. David Paterson was asked about the NY-23 race and gave an impromptu endorsement of Democratic nominee Bill Owens. "It's obviously a contested race," Paterson told reporters. "The Democratic candidate Bill Owens is someone who has been a businessman who has represented this country overseas, actually helped to bring troops to the base because of his sense of the community, so obviously he would be my choice for the seat."
"But I think he I think he may be endemic or reflect a certain sort of view, Senator Aubertine has, and I hope that I have, which is sort of an evolved Democratic party, where there's still the sort of desire for equity in the social area but also discipline in the financial areas, which I think may be surprising people."
Owens' campaign didn't exactly alert the media about this. There was no press release trumpeting the news about Paterson's support.
Assemblywoman Dede Scozzafava's campaign was overjoyed to learn the poll-challenged governor had given Owens' his official support, immediately uploading the moment to YouTube and disseminating the link to members of the media outside the district who have been following the race.
Apparently, Paterson's historically low poll numbers and the risk he'll be a drag on Owens isn't the only problem here.
According to Watertown Times reporter Jude Seymour, who has been doggedly covering every twist and turn in this race, the governor got some of his facts wrong by saying Owens had "actually helped to bring troops" to the area, which is simply flat-out not true.
As Jimmy Vielkind notes, this isn't the first time Paterson has assisted Owens, although it is the first time he has been quite so public about it.
I'm unsure what the thinking is behind having the governor in the district so close to Election Day, particularly when the Club for Growth featured him - along with House Speaker Nancy Pelosi - in a TV ad earlier in the campaign.
After the GOP lost the NY-20 special election, several observers told me they thought Assemblyman Jim Tedisco had missed an opportunity by failing to try to link his Democratic opponent, now-Rep. Scott Murphy, to the faltering Paterson. The governor didn't campaign for Murphy, but raised money for him behind the scenes and attended his election night victory party.
Clearly, Scozzafava's consultants don't intend to make the same mistake.
Posted by: Fred ||
10/29/2009 00:00 ||
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President Obama's visit to a massive solar power plant Tuesday was supposed to highlight the benefits of his $787 billion stimulus plan, passed soon after he took office. But one sign that the message may not be connecting: The Republican governor who in February publicly embraced both the president and the plan was nowhere to be seen this time.
In fact, Gov. Charlie Crist was noticeably absent from all of the president's events in Florida on Monday and Tuesday. He did not appear once with Mr. Obama, and even went so far as to imply Tuesday that he had just found out that Mr. Obama was in his state.
"First I've heard of it," he told local reporters of Mr. Obama's trip. A spokeswoman for the governor later said, when pressed to clarify, that Mr. Crist "did not know the president's exact itinerary."
State politics is a big reason why Mr. Crist, who is running for the Senate seat vacated by Sen. Mel Martinez in September, was not eager to be seen with Mr. Obama. Mr. Crist is being pressed hard on his right flank in the Republican primary by former GOP House Speaker Marco Rubio, a 38-year-old son of Cuban immigrants.
One of the biggest sticks in Mr. Rubio's arsenal is the governor's support for the stimulus package. Mr. Crist appeared at a rally for Mr. Obama in Fort Myers when the fate of the bill hung in the balance in Congress and gave the Democratic president a now-famous bear hug.
"It's clear President Obama's visit has made Gov. Crist excruciatingly uncomfortable," said Alex Burgos, a Rubio campaign spokesman. "It's clear his support for the stimulus was misguided; it hasn't lived up to its expectations; and now he's trying to run away from it."
Mr. Burgos cited a promise from the Obama administration that Florida would save or gain 218,000 jobs from some $12.2 billion in stimulus funds, and pointed to the fact that the state has lost more than 196,000 jobs this year, according to the Bureau of Labor Statistics. Mr. Obama's approval rating has fallen from higher than 60 percent to below 50 percent, according to local news reports.
The White House argues that the stimulus has "cushioned the blow" of the ongoing economic recession, which has so far cost the nation 7.2 million jobs since December 2007, with 3.4 million of those jobs lost since Mr. Obama took office.
Posted by: Fred ||
10/29/2009 00:00 ||
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As he has on many recent days, Vice President Joe Biden was talking at another Democratic fundraiser last night, this one at a private home in New York City.
He told the crowd of insiders, each of whom had paid $2,400 to access the event: "I just want you to know that supporting him is a smart investment."
It was to benefit Democratic Rep. Steve Israel, who doesn't represent New York City. Israel's 2nd District seat (once held by Republican Rick Lazio) covers much of Long Island. About 100 donors attended.
Some people might think the presence of the vice president of the United States at a Steve Israel fundraiser could have something to do with payback for Israel bowing to the White House suggestion five months ago that he probably really shouldn't pursue a political challenge to New York's appointed Democratic Sen. Kirsten Gillibrand in a party primary next year.
That kind of bargain would be silly, of course. And political.
Biden spoke for about 30 minutes. The usual stuff about taking care of the middle class and what an awfully deep hole he and Barack Obama found the country in last January after their successful $750- million campaign. It's a terrible hole that will take a long time to exit, he said. Maybe two terms. Who knows?
Biden, who was already a senator learning to gaffe way back when Obama was a sixth-grader, also praised Israel, saying the five-term congressman didn't really need Biden's help.
Then, the vice president made a rather pointed and candid admission, even for modern America's moneyed politics. He told the crowd of insiders, each of whom had paid $2,400 to access the event: "I just want you to know that supporting him is a smart investment."
Posted by: Fred ||
10/29/2009 00:00 ||
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Rep. Joe Wilson, the South Carolina Republican who shouted "You lie!" during President Obama's health care speech to Congress last month, saw his out-of-state contributions soar, the latest campaign-finance reports show.
More than 75% of the money Wilson has reported receiving in 2009 to the Federal Election Commission came from outside his state, compared with 19% in his last election, according to the non-partisan CQ MoneyLine, which tracks money in politics.
Posted by: Fred ||
10/29/2009 00:00 ||
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President Barack Obama urged Virginians Tuesday to elect a Democrat as governor next week, but party officials braced for a defeat that could take some sheen off Obama's first year in office.
Last fall, Obama became the first Democratic presidential nominee to carry Virginia since 1964. But the state remains highly competitive, and Obama has had little apparent success in boosting the hopes of Creigh Deeds, the Democrat who is trailing Republican Bob McDonnell in polls ahead of the Nov. 3 election.
Still, Obama delighted a partisan audience of several thousand people at Old Dominion University in Norfolk, portraying Deeds as the rightful successor to popular Democratic governors Mark Warner and Tim Kaine.
Without naming McDonnell, Obama described him in terms he often uses for GOP critics in Congress.
"We don't need politicians who are more interested in scoring points than solving problems," Obama said. "We don't need folks who are slick or try to say one thing and then do another. We don't need politicians who say we should go back to the policies of yesteryear, when it was those very same policies that got us into this mess in the first place."
Political pros say gubernatorial races turn mainly on state issues, and they rarely serve as referendums on other matters, such as a president's popularity. But Obama was inevitably drawn into the contest - and this year's only other gubernatorial race, in New Jersey - and he made a final in-person pitch for Deeds at Tuesday's rally.
A recent Washington Post poll showed McDonnell leading Deeds by 11 percentage points. About 30 percent of those surveyed said their view of Obama played some role in their thinking, and those voters were about evenly split between Deeds and McDonnell.
Publicly, Obama aides say they have done what they could to help Deeds, and they brush off complaints that they should have tried harder.
Virginia "is probably as purple as it can get," White House press secretary Robert Gibbs said Tuesday, using the term for places evenly divided between red Republicans and blue Democrats.
Obama will later campaign for New Jersey Gov. Jon Corzine's re-election bid, where Democrats have higher hopes of winning.
Obama won Virginia with more than 52 percent of the vote in 2008.
Posted by: Fred ||
10/29/2009 00:00 ||
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#1
"We don't need politicians who are more interested in scoring points than solving problems," Obama said.
You're going to resign?
Posted by: Redneck Jim ||
10/29/2009 1:06 Comments ||
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#2
It doesn't matter who votes; it matters who counts the votes.
Posted by: Richard of Oregon ||
10/29/2009 12:11 Comments ||
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#4
I guess he will bus in the purple shirts $hits and ACORN who will resurrect the dead to vote. Also Bambi, Thumper, Bugs, and Donald Duck will show up again and again.
Rep. Alan Grayson (D-Fla.) has apologized for calling a top adviser to Fed Chairman Ben Bernanke a "whore."
"I offer my sincere apology to Linda Robertson, an adviser to Fed Chairman Ben Bernanke," Grayson said in an emailed statement. "I did not intend to use a term that is often, and correctly, seen as disrespectful of women."
The term is an insult to whomever it is aimed at, my dear Congressman Grayson. The technical term is prostitute, which is only not insulting when describing a person engaged in the sex trade.
In the emailed statement, Grayson gave further context to the comment, saying it was made "last month in the context of the debate over whether the Federal Reserve should be independently audited, was inappropriate, and I apologize."
Grayson's apology is the latest in a string of incendiary statements by the Florida congressman, who in the past month has accused Republicans of wanting people to "die" rather than get better health care and has compared the health care crisis to a "holocaust."
Republicans circulated the audio Monday afternoon of Grayson calling Robertson a "K Street whore." Todd Jurkowski, Grayson's spokesperson, initially defended the remark by saying it was in reference to her time as the top lobbyist for Enron. He also pointed to an alternate definition in a dictionary.
"The attack was on her professional career, not her personal life," Jurkowski wrote in an e-mail to POLITICO. "The second definition of 'whore' in the American Heritage Dictionary is 'A person considered as having compromised principles for personal gain.'"
Perhaps it would help were Congressman Grayson to explain exactly how it is that Ms Robertson compromised her principles...if he can.
Posted by: Fred ||
10/29/2009 00:00 ||
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#1
Does Grayson have some working knowledge or is he a professional regarding whores?
The KFC Colonel (Robert Thompson) meets with the President of the United Nations General Assembly, H.E. Dr. Ali A. Treki of Libya
Look at the pic and see if you can work out which one is the "impersonator"
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
Now that the truth is beginning to dribble out about the Troubled Asset Relief Program - the Government Accountability Office's eagle-eyed auditors said they found no evidence that it prevented a financial meltdown a year ago - this $700 billion monument to political posturing should be shut down. This can be done in three easy steps: First, federal financial regulators should be called before Congress to explain why they did nothing before 2008 to stop the proliferation of toxic mortgage-backed securities; second, all outstanding TARP funds given to corporations should be returned with interest by a date certain; and third and most important, government-owned shares in companies that received TARP funds should be sold.
