Entries by emptywheel

Why American Industry (And Its Future) Matters

Ian has a great piece up at FDL on the financial sector’s problems, their genesis, and the Obama Administration’s conventional wisdom, status quo, manner of dealing with them. He describes the fallacy of viewing it as a “black swan” event. That is a very rare, random and unpredictable event. We should be similarly concerned about short sidedness with American industry and manufacturing, which are the real foundation of the American economy.

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Obama Hates The Truth On Binyan Mohamed

The news last week that President Obama had bought into and signed off on the full boat of shameful state secrets assertion in the case of Binyan Mohamed v Jeppesen Dataplan set off a wave of criticism. Obama came to the criticism the old fashioned way, he earned it by breaking his campaign promise and continuing the wretched excess of unitary secrecy.

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BREAKING: Burris Fesses Up

Chicago tenor Roland Burris is singing a new tune by acknowledging he sought to raise campaign funds for then-Gov. Rod Blagojevich at the request of the governor’s brother at the same time he was making a pitch to be appointed to the Senate seat previously held by President Barack Obama. Burris’ latest comments in Peoria Monday night were the first time he has publicly said he was actively trying involved in seeking campaign financing for Blagojevich.

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GM Gets Its Loan; No Bankruptcy for Now

When it was announced Sunday that President Obama had decided against appointing an “Auto Czar”, instead opting for a panel of Administration financial experts including, but not limited to, Treasury Secretary Timothy Geithner, National Economic Council Director Lawrence Summers and Ron Bloom, it pretty much signaled that the Administration was going to continue to work with GM as an existing, functioning entity instead of forcing them into bankruptcy. Monday night, that was confirmed.

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Conason’s Lost Truth About Reconciliation

Joe Conason has a new piece out in Salon that is enough to cause sane heads to explode. Noting that, like math, bringing accountability is hard Conason biliously opines that Obama ought to pardon Bush/Cheney miscreants and establish a truth and reconciliation commission. This is a half baked idea, at best.

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President’s Day Down South

Here it is, another glorious President’s day, and wouldn’t you know it world leaders are exchanging presents. And Venezuelan President Hugo Chavez has sent one President Obama’s way: President Hugo Chávez handily won a referendum on Sunday that will end presidential term limits, allowing him to run for re-election indefinitely.

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