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June 12, 2012

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Melinda Romanoff

Why didn't he wait until August? Where's Dingy's rubber stamp?

Jack is Back

Not being a lawyer or even an inside the beltway looper can someone tell me why McGuire thinks this is worthy of a post and thread?

GMAX

A renomination who failed to pass closure already? Can anybody at the WH play this game.

Asked and answered Zero. Next.

AliceH

JiB: Who's "McGuire"?

peter

McGuinn and McGuire, couldn't get no higher, in LA you know where that's at

NK

OT-- a link to Mother Jones is rarely apt, but open the below link to the article about 'Bam's Jim Messina; check out the photo of the 'Bam UberKampfcampaigners. What's missing? http://www.motherjones.com/politics/2012/06/jim-messina-obama-campaign

BB Key

NK, Diversity ?

narciso

One seems worthy, Srinivisar, the other is clueless as the cert petition for Latif and Uthman, proved.

NK

BB Key-- Bingo. 'Bam sure isn't big on having the Brothas' or any gals run his campaign. I guess 'Bam is sick of Moosehell and Jar Jar Val constantly shreiking at him, so he leaves the campaign to a bunch of fat white guys.

NK

Narc-- all I know about the Srinivisar guy s his CV. he seems like a very bright gov't lawyer Dweeb- don't we have enough of those on the bench? The Halligan woman is a stonecold Leftwing activist. The Repubs should be clear- -NFW-- does she ever get on an appellate court Bench. No how, No way, Never in that order.

Rick Ballard

If anyone would like a better understanding of what is going on with these nominations, I would suggest reading through Senator Grassley's opening statement for the previous hearing on Halligan.

The gist:

The same is true for circuit court nominations. Nominations
to the D.C. circuit are and have ben political. Many view this
court as second in importance only to the Supreme Court. The Court of Appeals for the D.C. Circuit hears cases affecting all Americans, is frequently the last stop for cases involving Federal statutes and regulations, and, as we all know, judges who sit on this court are frequently considered for and have
been elevated to the Supreme Court.
So there is a lot at stake with nominations to this court.
This seat became vacant with the elevation of John Roberts as Chief Justice of the U.S. Supreme Court in September 2005.
Peter Keisler was first nominated for the seat in June of 2006. His nomination stalled in Committee in both the 109th and 110th Congresses.

I don't know what the Pinhead Troika believes is being accomplished as they veer between futile stupidity and stupid futility. Perhaps they were encouraged by the display of vacuous, ignorant bravado of the Chicago teachers strike vote.

narciso

The Breitbart piece, clarified the matter, this is what I was referring to, from last night;

http://www.lawfareblog.com/2012/06/a-question-for-steve/

GMAX

Dana Milbank notices AND reports on the car wrecks ( one in Calif the other inside the WH):

It has been a Junius Horribilis for President Obama.

Job growth has stalled, the Democrats have been humiliated in Wisconsin, the attorney general is facing a contempt-of-Congress citation, talks with Pakistan have broken down, Bill Clinton is contradicting Obama, Mitt Romney is outraising him, Democrats and Republicans alike are complaining about a “cascade” of national-security leaks from his administration, and he is now on record as saying that the “private sector is doing fine.”

Could it get any worse?

Early Monday morning, Obama learned that it could. His aides delivered the news to him that his commerce secretary had been cited for a felony hit-and-run after allegedly crashing his car three times over the weekend. In one incident, the previously obscure Cabinet officer apparently rear-ended a Buick, spoke to the car’s occupants, then hit the vehicle again as he left.

Thus did Jay Carney, the oft-besieged White House press secretary, have another briefing carjacked by bad news. And Carney, who either didn’t know the details of the bizarre episode or wasn’t at liberty to divulge them, had to execute a full range of defensive maneuvers.

“I can simply tell you that he was engaged, as has been reported, in a couple of traffic incidents,” Carney began, as if the secretary, John Bryson, had been photographed by a speed camera or two.

Jim,MtnView,Ca,USA

"What's missing?"
Jon Corzine? :)

Danube of Thought

Minus 12 at Raz today.

Trails Romney by 1.

narciso

Category error is all over this piece, like ignoring that Obama altered the criteria by which the counterinsurgency strategy would succeed;


http://www.nationaljournal.com/issues/posture-not-substance-divides-obama-romney-on-national-security-20120607

Rick Ballard

The EUtopian stick save of Spanish banks was initiated when the yield on 10 year Spanish bonds hit 6.66% on May 30th. The wild success of the actions taken by the EUtopian commissars can best be illustrated by noting the current yield of 6.685%.

EUtopia is doing fine, just like the President's re-election campaign and the US private economy.

hrtshpdbox

The wild success of the actions taken by the EUtopian commissars can best be illustrated by noting the current yield of 6.685%.
You've gotta use Obamalogic, Rick; without the bailout the yield would be 7.5%!

NK

RickB/MelR-- speaking of disasters-- JPM's trading loss. Jamie Dimon testifies in the Senate today. I am confident he will baffle the Senators with RA and due diligence BS (all without perjuring himself-- unlike Corzine), and no senator will earnestly go after him. He owns the Dem senators, and the Repubs would like to rent themselves out until November. After the election, repealing Dodd-Frank is a must (just to get rid of the name if no other reason), then, I think it's time to really think about rplacing it with BigBank breakup. Honestly, what social purpose do these BigBanks serve st this point?

James D.

I don't know anything about either nominee other than what I've just read on the links from this post.

But, especially after three+ years of Zero, shouldn't we just proceed from the assumption that anyone he or his lackeys nominates for any position is unqualified, dangerous, contemptuous of this country and the majority of its citizens, and likely a criminal to boot?

narciso

The correctness of yesterday's action, is revealed in this temper tantrum;

http://www.motherjones.com/mojo/2012/06/did-supreme-court-just-gut-habeas

hrtshpdbox

NK, why should banks serve a social purpose? As far as I know, they're designed to make profits for themselves while facilitating various economic ventures of others. Government oversight of banks should be limited to the most basic protections for consumers against obvious (meaning, even a Congressman understands them) unscrupulous practices.

Ignatz

Peter Wallison backstops NK at Bloomberg explaining how Dodd Frank makes TBTF even worse than it was.

narciso

Yes, I learned my lesson, with Kagan,

Ignatz

The problem is, as John Tamny has repeatedly and convincingly argued, the big banks serve very little economic function and only survive and grow through regulatory capture and special trading and investment privileges granted them merely because of their size.

GMAX

It’s still liberals who have most misinterpreted the recall campaign. Their last-ditch defense of public-sector-union privileges -- which President Franklin D. Roosevelt rejected as contrary to the public good -- couldn’t win the day in a state with as progressive a history as Wisconsin.

Democrats are trying very hard to avoid the implications of that fact.

(Ramesh Ponnuru is a Bloomberg View columnist and a senior editor at National Review.

The avoidance behavior virtually assures no course correction and therefore it will be a bloodbath in November.

narciso

I did not realize this,

http://www.nationalreview.com/bench-memos/302486/day-liberal-judicial-activismmdashjune-12-ed-whelan

Boumedienne, needed to be fully refudiated,
not brushed aside like an law review editor's botched proof;

NK

Ig eloquently makes the point. Banks serve a social purpose when they facilitate economic activity-- as hrtspdbox also points out. The problem is --as Ig again points out-- is that the TBTF banks now make money for senior management and thousands of bankers through regulatory capture and occasional bailouts to socialize their losses. In short, the TBTF banks use the taxpayers to subsidize them. So why do we protect them? back in the day S Weill would lecture all of us that the USA financial sector would be swamped by the giant Japanese and European banks because US banks lacked their economies of scale. So after the S&L industry failure the US megabank was born in the 90s, and the trend accelerated with investment banks moving from partnerships to public corp structure. MelR can provide us with lots of details, but as far as I can see, the megabanks screwed the pooch as far as risk assessment is concerned, because rhey don't need RA for survival, their TBTF status made risk a nonissue-- the tapayers would always bail them out.

Jim Ryan

I just voted for the only candidate who can beat Tim Kaine: E.W. Jackson. Instead, George Allen will win the primary and lose to Kaine by two points in November, when Virginians will also favor Romney over Zero.

BR

WH Insider on Obama's Drone Empire, 6/11/12.

http://anonymouse.org/cgi-bin/anon-www.cgi/http://theulstermanreport.com/2012/06/11/barack-obamas-drone-empire/">http://theulstermanreport.com/2012/06/11/barack-obamas-drone-empire/">http://anonymouse.org/cgi-bin/anon-www.cgi/http://theulstermanreport.com/2012/06/11/barack-obamas-drone-empire/

(The page doesn't seem to stay on screen when going in the usual way.)

"UM: The president you mean? He watches videos of the drone attacks?

WHI: Yeah – like it was…like it was porn. I can’t emphasize…I don’t think I’m painting a clear enough picture here for you of how this thing has people really freaking out inside the administration. It’s good on one hand because it’s got more of them willing to talk…but…the fact it’s gotten this bad…these drones…an American president who has the video sent up to his personal study so he can watch them over and over again…like I said – sh-t ain’t right. And more and more people are figuring that out...."

narciso

Why not Radke, Jim, hell I voted for Newt in the primary, and Guiliani, four years before, so I know futile gestures,

Rick Ballard

IMO - the TBTFs serve the same purpose as AFSCME and SEIU with the difference that they use both entrances to the Brothel of the United States on Capitol Hill.

The nation will be better off when they're gone.

BB Key

Jim Ryan. What is the backstory on the firing of President at UVa ?

Jim Ryan

Radtke's alright, but she's coming off as a bit crass here. She's attacking Allen tooth-and-nail with stuff that's a bit thin gruel. All four candidates are fine.

narciso

"It's an anagram,"

"no it's not, an anagram of Bolton, would be notlob'

http://babalublog.com/2012/06/your-tuesday-babalu-ajiaco-for-june-11-2012/

Jim Ryan

BB, we have no clue. We don't know whether she simply didn't raise enough $$ from donors, didn't nix the imminent Mann hiring, spent too much defending Mann, or what. We have no clue what this is about. If you've read the Breitbart and WUWT articles and threads, you know as much as I do. The faculty here are livid because they are not being told why she was fired.

NK

RickB@10:26-- that's the way I see it. I wonder if Jamie D will repeat what he said a few weeks ago--he'd trade a clear statutory bar of bailouts (end TBTF) in exchange for repeal of D-F, especially the Volcker Rule. I could live with that-- IF it's true.

Ignatz

TARP and now Dodd Frank have codified and enshrined TBTF as holy writ. That is the DC way of dealing with moral hazard; redefine it as something good or something to be managed with large sums of taxpayer cash by DC lackwit bureaucrats.
Meanwhile the Fed and congress increase the big banks competitive advantage against the smaller regional banks and other competitors such as S&Ls many of which may be put out of business though they required no TARP and were marginal players in the real estate bubble compared to institutions like BofA and the Fed itself.
Nobody in DC let's a crisis go to waste.

Clarice

Jim, don't forget sullivan's role with Warren in creating spurious research and spurring both careers with it.Maybe the Trustees also just got wind of that fraud and coverup of it.

jimmyk

In short, the TBTF banks use the taxpayers to subsidize them. So why do we protect them?

One of the more sensible people at the Fed (now at the FDIC), Tom Hoenig, had a column on this in Monday's WSJ (not sure if it's behind the wall):

http://online.wsj.com/article/SB10001424052702303665904577454262040249418.html

I don't agree with all of it, but he rightly scoffs at the idea that we need TBTF so that our banks can compete with Europe's.

Meanwhile Nocera has a laughable column in today's NYT that pushes the "bailouts saved the world" line of his pal Sorkin.

narciso
Thomas Collins

Look at it this way, JiB. If threads on how much exercise and omegainfinityfattyacidsproutswithalineagetoesotericcentralasiancaves will extend one's life for a few days is worthy, a thread of appointments to a Federal Circuit that could serve as a feeder to a SCOTUS nomination is worthy.

In my view, a thread on Lord Stanley's Cup travelling to the West Coast would also be worthy. Congrats to the Kings and their fans. If the Cup wasn't going to be in Boston, I wanted it to be in Newark, but I acknowledge that the Kings earned this one.

NK

Ig's cynicism @10:36 is well warranted. I wonder if TBTF doctrine is more DC than Wall Street? Is Dimon pushing back against DC regulatory overreach? Who knows-- I only know that when it comes to DC, IHTFP with a passion. If MelR's out there today, I'd love to hear his take.

Thomas Collins

Whoops! My reference to the magical food was cut off. Add siancaves to the third line of my 10:46 AM post. I'm sure everyone was hanging on the edge of their laptops for that one.

narciso

Well it's Nocera, occasionally he gets a 'blind squirrel' clue, but it's not worth the hastle, TARP was a placebo, poorly administered.

Ignatz

I may have linked this sordid story before of a cop's estate being awarded $3 million after he croaked in three way sex not involving his wife. Apparently the judgment has now been entered.
This is like every Lifetime and WE movie fantasy come true; cheating husband dies in the act of betraying his wife and the widow gets $3mil to boot.
The only thing left now is for the handsome stranger, tragically also widowed but still with a heart of gold under his solemn, wounded exterior, to move into town and fall in love with her after befriending her son by saving his dog from oncoming traffic.

NK

Ig -- fire up that laptop and do some script writing, you can make a fortune.

Clarice

Isn't that award ridiculous?

narciso

Absolutely, Clarice, are they saying he wouldn't have engaged in said behavior.


When they deactivate the slave collars, the truth occasionally slips through;

http://datechguyblog.com/2012/06/11/you-mean-2008-wasnt-sarah-palins-fault/

NK

One last "bank" thing. here's the story on the press release regarding a big currency note printing order for a Swiss printing company. The press release doesn't say and the news story doesn't speculate-- does the marketplace KNOW which currency was ordered? MelR said yesterday afternoon it was Swiss Francs. Is that confirmed? http://www.digitaljournal.com/pr/745246#ixzz1xDh4DmFt

Jack is Back

JiB: Who's "McGuire"?

Tough crowd here. "Maguire".

You're not a school teacher are you, AliceH:)?

Captain Hate

Isn't that award ridiculous?

I'm incredulous with just how stupid that award was. When I initially saw Iggy's post I figured a life insurance company was ordered to pay up. Look no further than the dimwits on the jury for why health care is so expensive.

NK

When Ahab caught up to his Great White Whale, it did not work out well for him and his crew.

Clarice

Cases like that are why we have appellate courts.

Ignatz

--Ig -- fire up that laptop and do some script writing, you can make a fortune.--

I doubt I could compete with the room full of chimps Lifetime already has banging them out.
Not sure if that says more about me, the chimps or Lifetime.

AliceH

--You're not a school teacher are you, AliceH:)?--

No, indeed! I work in IT. Well - at the moment, anyway.

Ignatz

--Is that confirmed?--

Who cares? I just want a piece of that 48,000,000% ROI.

Clarice

Still have my fingers crossed, Alice.

Ignatz

--Still have my fingers crossed, Alice.--

Did we ever find out if we're supposed to cross them for Alice to get the job or for Alice to not get the job?

Captain Hate

So Alice works in IT and is being strung along on whether or not her contract will be renewed? Glad I'm unfamiliar with that situation ::rolleyessofartheymightgetstuck::

narciso

Well with this thriving private sector, what's that yiddish word, for all screwed up,

MarkO

Banks that need help to compete with Europe have already failed.

fdcol63

In Obama's defense, I can almost understand getting addicted to drone porn. Even I like watching IR images of rag-headed Islamist terrorists getting blown to smithereens.

What I can't understand is why a pro-Islamic, pro-jihadi, anti-American, allegedly peace-loving politician like Obama enjoys it so much.

THAT is sick.

fdcol63

bold off

Jim,MtnView,Ca,USA

Do Repubs ever get out front by publishing "unauthorized biographies" of rising Dem politicians?
http://news.yahoo.com/blogs/ticket/marco-rubio-loves-hip-hop-gladiator-things-football-121415016.html

Jane

Holder is spinning himself into a frenzy.

fdcol63

Try it again .... Bold off

narciso

And they use a clip from Braveheart, epic facepalm,

Jane

Cornyn just told Holder to resign.

Holder says he is "political".

Clarice

Irish Times: "European finance officials have discussed limiting the size of withdrawals from ATM machines, imposing border checks and introducing euro zone capital controls as a worst-case scenario should Athens decide to leave the euro.

EU officials said the ideas are part of a range of contingency plans. They emphasised that the discussions were merely about being prepared for any eventuality rather than planning for something they expect to happen.

But with increased political uncertainty in Greece following the inconclusive election on May 6th and ahead of a second election on June 17th, there is now an increased need to have contingencies in place, the EU sources said.

The European Commission said today it was helping with legal advice in discussions of contingency scenarios regarding Greece by the Eurogroup working group."

Captain Hate

Did Stedman really say "I stuck to my guns" in testimony? He might be dumber than the JEF.

Thomas Collins

Fdcol63, I think Obama views the drone program as a win win for him. He gets to look tough, while MSM overlooks the key issue of overall military readiness to face future challenges (such as upgrading our nukes, ballistic missile defense, and keeping our naval forces at a strength commensurate with our role in protecting the international trading system).

Captain Hate

Contempt charges are a "constitutional crisis". Somebody is feeling important today...

Captain Hate

Holy shit; did Stedman just badmouth Leahy? MOAR POPCORN!!

narciso

It's the Tomahawk for the 21st Century, recall back in the 90s, they missed Bin Laden,
in Afghanistan, whereas SOCOM and the NSC blocked exactly the top of operation that succeeded at Abbotabad.

fdcol63

Thomas Collins, also, by whacking these guys, he avoids all those detention, trial, rendition, repatriation and recidivism issues, too.

So yes, it's win-win for Obama .... but lose-lose for America and national defense.

Captain Hate

TC, but by snuffing them with drones they avoid the eeeeeeeeeeeeeeeeeeeevil waterboarding and military tribunals.

NK

Once's drone Videos?-- who knows if it's true. If it is, it might also reflect the Once's narcissistic appreciation of the one group of people that 'haven't let him down' the US Military. All of his other flunkies have faled him, but the Seals, Zoomies, even the Coast Guard have come through. So... 'Bam like that.

fdcol63

2007 - 2010. This is the same time frame that Democrats controlled Congress. Coincidence? I think not.

Clarice

TC, zip it.

Jim,MtnView,Ca,USA

Heading off to Vancouver today for a 4-day vacation. We'll leave high 80s with sunny blue skies and enter the cool-zone: low 60s, clouds, maybe rain showers.
Should be fun :)
Anybody know how to speak Canadian?
I know "shedule" (no "c"), oot (oppo of "in") and how to spell the country's name
C, eh? N, eh? D, eh?
What else will I need to know?

Chubby

Earlier this morning I was totally miffed by the Drudge Report's lead headline: "North Dakota Votes to Eliminate Property Tax" --which misled me into thinking that it was a done deal. When I clicked the link, I learned that ND hasn't voted on the issue yet.

I loathe misleading headlines, so in the Drudge's News Tip box, I sent a message: "News tip - Drudge Report Publishes Misleading and Deceptive Headlines. Plus a few more words.

I see that particular headline has now been degraded, but more importantly, that it has changed: "N DAKOTA TO VOTE ON ELIMINATION OF ALL PROPERTY TAX..."

I don't know if it was my little note to Drudge that helped correct the misleading headline, but I am glad it was changed to reflect more truth and accuracy.

Dave (in MA)
Ig -- fire up that laptop and do some script writing, you can make a fortune.
Johnny Edwards could be a technical consultant as a subject matter expert.

He could also be a consultant from the legal angle.

Chubby

((Diane Ravitch sums up the American education system Romney is proposing))

if she can't cite or quote Romney her summary is nothing more than a subjective interpretation, iow, bs.


talk about vapor

Jim,MtnView,Ca,USA

It is outrageous that Obama took the hundreds of billions for stimulus and used it to bail out big banks, pay salaries for state and local workers and to continue zombie corporations to shift union pension payments to the public purse.

Rick Ballard

Chubby,

I don't have any idea as to how Drudge assigns weights to arrive at his headline picks but the plebiscites in San Jose and San Diego which resoundingly rejected the "theft by pension" of the public unions in those cities was of much greater political import.

When 69% of a Blue Hell Bay Area electorate vote to break the public union cookie jar, it really is news.

Extraneus

Hopefully the first five words were worth the time it took to post that.

(It takes me about five words to hit Page Down. I'd estimate less than two seconds, but probably not less than one.)

GMAX

What else will I need to know?

Molson preferable Special Export. That should do it.

Jim,MtnView,Ca,USA

"Molson preferable Special Export"
Next time I want to travel with GMax instead of the 7 year old :)

Janet

That car wreck story sure is sketchy. Maybe Bryson had a cocaine seizure?...or even no seizure.

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