6 posts tagged “hillary clinton”
UPDATE on 1/12/2009: Listen to Matt Miller discuss "The Tyranny of Dead Ideas" on Tue., Jan. 13 at 2:30 pm PT at www.KCRW.com/etc/programs/pc (streaming, podcast and on-demand) with LA City Council President Eric Garcetti.
Please get creative: show us what a Panetta Kerfuffle looks like.
Economy/Unemployment; Gaza Burning; Panetta Kerfuffle
We’ve invented a new dessert: the Panetta Kerfuffle, but that comes later in the show. First we collectively decide that Obama’s big speech about the economy may not be big enough. Then the inevitable disagreements over the Israel/Gaza conflict are discussed. No end in sight. And finally: the Panetta Kerfuffle. Take one former Clinton Chief of Staff, throw in the initials CIA, mix together with whining establishment Senators and Congressional Representatives, add a dose of media and questions about Biden’s involvement and – you’ve got the Panetta Kerfuffle.
Just for fun:
Watch Matt Miller on COLBERT REPORT here: http://mattmilleronline.com/index2.php
LINKS MENTIONED IN TODAY'S SHOW:
Paul Krugman, THE OBAMA GAP NY Times 1.9.09.
http://www.nytimes.com/2009/01/09/opinion/09krugman.html?_r=1&ref=opinion&pagewanted=print
“I don’t believe it’s too late to change course, but it will be if we don’t take dramatic action as soon as possible. If nothing is done, this recession could linger for years.”
So declared President-elect Barack Obama on Thursday, explaining why the nation needs an extremely aggressive government response to the economic downturn. He’s right. This is the most dangerous economic crisis since the Great Depression, and it could all too easily turn into a prolonged slump.
But Mr. Obama’s prescription doesn’t live up to his diagnosis.
Today’s must read MSM piece is a brutal Bloomberg column, delineating why the Bailouts have been such a sweet deal for the banks. Despite the gross incompetence and sheer recklessness of Wall Street and the Financial sector, they were handed massive amounts of money with little in the way of returns to the taxpayer, no specific guidance or requirements....
Source:
Paulson Bailout Didn’t Give Taxpayers What Goldman Gave Buffett
Mark Pittman
Bloomberg, Jan. 9 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aAvhtiFdLyaQ&
Geithner Preparing Overhaul Of Bailout
Obama Team Broadens Scope to Secure Final $350 Billion for Rescue
By David Cho
Washington Post Staff Writer
Friday, January 9, 2009; A01
Confronted with intense skepticism on Capitol Hill over the $700 billion financial rescue program, Treasury Secretary nominee Timothy F. Geithner and President-elect Barack Obama's economic team are urgently overhauling the embattled initiative and broadening its scope well beyond Wall Street, sources familiar with the discussions said.
ARIANNA MENTIONED http://bailoutsleuth.com/
**** HAPPY THANKSGIVING EVERYONE *****
PLEASE see the "LINKS" post for all links mentioned on today's show.
Economy, Stocks/Auto Bailout/Obama’s Cabinet Picks
As the economy tanks, the panelists
agree with a Paul Krugman column in today’s NYTimes (see links post, next one down), we don’t have 2 months to
wait. Tony wants Obama -- knowing there’s only one president at a time – to take
the lead and signal where he’s going with the economy since W can’t get traction
and the Congress is less than useless. He calls the three testifying auto
company execs nitwits for being so tone deaf …and calls Congress stupid for
saying they’re not going to protect 3 million jobs because these 3 nitwits flew
in on private jets. Obama must act now. Arianna says, get rid of the nitwits
and put a general plan for restructuring in action. They talk about Hillary
Clinton – Bob worries she might be a hawk – and Janet Napolitano – Tony says
she’s not qualified… There’s a lot of action on today’s show. Tony’s rant is a
madrigal – and it’s beautiful! (words in the Links post below this one). And please share your thoughts.
Next week's show is: The Future of Capitalism: Which Way Now? A think piece for the holiday.
Toxic Assets; Auto Bailout? Clinton
@ State? Prop 8
Sorry, Arianna had a medical appointment -- it's man-on-man only today. And it got mighty heated today in the
battle over the economy. No one really has the answer. But a couple of questions
include: Where has the money given out so far gone? Where does it come from? Who
should really be getting it? All three end up agreeing we cannot afford to let
the auto industry sink; but their reasoning in getting there differs. And the
men weigh in on the rumor about Hillary Clinton as possible Secretary of
State…plus a brief note about the hullabaloo over Prop. 8 anti-gay marriage
constitutional amendment that just passed in the State of
California.
Links mentioned in today's show:
Depression Economics Returns
The economic news, in case you haven’t noticed, keeps getting worse. Bad as it is, however, I don’t expect another Great Depression. In fact, we probably won’t see the unemployment rate match its post-Depression peak of 10.7 percent, reached in 1982 (although I wish I was sure about that).
We are already, however, well into the realm of what I call depression economics. By that I mean a state of affairs like that of the 1930s in which the usual tools of economic policy — above all, the Federal Reserve’s ability to pump up the economy by cutting interest rates — have lost all traction. When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly. (read rest at link above)Panic in Detroit by Jonathan Cohn
This is not your father's Oldsmobile we're rescuing.
Post Date Friday, November 14, 2008
General Motors has come to Washington, begging for a $25 billion bailout to keep it and its ailing Detroit counterparts going next year. But nobody seems too thrilled about the prospect. Liberals dwell on the companies' gas-guzzling sport-utility vehicles. Conservatives obsess over all the well-paid union members with gold-plated benefits. And people of all ideological backgrounds remember how they used to buy domestic cars, years ago, but stopped because the cars were so damn lousy. "The downfall of the American auto industry is indeed a tragedy," the Washington Post editorial board sermonized recently, "but the automakers and the United Auto Workers have only themselves to blame for much of it." And, if they have only themselves to blame, the argument goes, why do they deserve taxpayer help? Let them fail and file for bankruptcy. In the long run, the economy will be stronger and the workers better off. It'd be worth?the short-term pain, which might not even be so severe.
In normal times, with another company, that might be correct. But these are not normal times...(read rest at link above)The Defining Moment: FDR's Hundred Days and the Triumph of Hope by Jonathan Alter (Paperback - May 8, 2007)
And here's a link to Amity Shlaes, a conservative with expertise on The Great Depression -- she sat in twice on the right. http://www.amityshlaes.com/ Her Book, The Forgotten Man is about FDR.
Toxic Assets; Auto Bailout? Clinton
@ State? Prop 8
Sorry, Arianna had a medical appointment -- it's man-on-man only today. And it got mighty heated today in the
battle over the economy. No one really has the answer. But a couple of questions
include: Where has the money given out so far gone? Where does it come from? Who
should really be getting it? All three end up agreeing we cannot afford to let
the auto industry sink; but their reasoning in getting there differs. And the
men weigh in on the rumor about Hillary Clinton as possible Secretary of
State…plus a brief note about the hullabaloo over Prop. 8 anti-gay marriage
constitutional amendment that just passed in the State of
California.
Links mentioned in today's show:
Depression Economics Returns
The economic news, in case you haven’t noticed, keeps getting worse. Bad as it is, however, I don’t expect another Great Depression. In fact, we probably won’t see the unemployment rate match its post-Depression peak of 10.7 percent, reached in 1982 (although I wish I was sure about that).
We are already, however, well into the realm of what I call depression economics. By that I mean a state of affairs like that of the 1930s in which the usual tools of economic policy — above all, the Federal Reserve’s ability to pump up the economy by cutting interest rates — have lost all traction. When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly. (read rest at link above)Panic in Detroit by Jonathan Cohn
This is not your father's Oldsmobile we're rescuing.
Post Date Friday, November 14, 2008
General Motors has come to Washington, begging for a $25 billion bailout to keep it and its ailing Detroit counterparts going next year. But nobody seems too thrilled about the prospect. Liberals dwell on the companies' gas-guzzling sport-utility vehicles. Conservatives obsess over all the well-paid union members with gold-plated benefits. And people of all ideological backgrounds remember how they used to buy domestic cars, years ago, but stopped because the cars were so damn lousy. "The downfall of the American auto industry is indeed a tragedy," the Washington Post editorial board sermonized recently, "but the automakers and the United Auto Workers have only themselves to blame for much of it." And, if they have only themselves to blame, the argument goes, why do they deserve taxpayer help? Let them fail and file for bankruptcy. In the long run, the economy will be stronger and the workers better off. It'd be worth?the short-term pain, which might not even be so severe.
In normal times, with another company, that might be correct. But these are not normal times...(read rest at link above)The Defining Moment: FDR's Hundred Days and the Triumph of Hope by Jonathan Alter (Paperback - May 8, 2007)
And here's a link to Amity Shlaes, a conservative with expertise on The Great Depression -- she sat in twice on the right. http://www.amityshlaes.com/ Her Book, The Forgotten Man is about FDR.
L-R credits: New York Times photo; ABC composite image; Los Angeles Times photo
Russia & Georgia; The Democratic Convention -- did Obama give in to the Clintons? The Democrats & Offshore Drilling; Swiftboating Obama (while he's bodysurfing!)
No Matt or Bob today; Marc Cooper sits in and takes on the issues (quite wonderfully!) with Tony and Arianna. Most notable quotable: To Arianna's teasing suggestion, with all his good advice to Obama during this show, that Tony Blankley should consider becoming Obama's campaign manager, he says: "I have no desire to be the David Gergen of the 21st Century!"
Russia continues to occupy
Georgia and doesn’t appear to be backing down; is this Georgia’s fault? Tony
Blankley says Russia’s the villain but that US policy has been pushing at their borders
with no strength to back it up. Russia didn’t just mobilize in 48 hours – the US
was unprepared for what they did have planned. Arianna Huffington says this is just a reminder
that in the campaign, national security will still be the lead issue and that
Obama wasn’t bold or strong enough. Was McCain strong or just bellicose? Tony
says he was out front speaking persuasively, and it took Bush four days to catch
up with him. Instead of windsurfing (or was it bodysurfing?) in Hawaii, say the panelists, Obama should
have been making daily press statements, in a suit, with flags waving behind
him. Then the big debate about the Clintons at the Convention – no hints, you have to listen, this is a really savvy AND sassy segment! Arianna says Obama should hire
Tony as his campaign strategist…but retracts the offer when Tony takes a different position regarding the
Dems and offshore oil drilling. But Tony is quick to say “I have no desire to be the David
Gergen of the 21st century.” Is Nancy Pelosi backtracking on offshore
drilling? Arianna says elections are a teachable moment…and the Dems should not
capitulate on this issue. Tony disagrees. And although Tony objects to the word "swiftboating" as a pejorative, the Republicans are definitely aiming their political guns at
Obama.
June 6, 08: Guest "RIGHT" AMITY SHLAES (The Forgotten Man: A New History of the Great Depression) got the ball rolling, calling for a new CENTER in American Politics. She's the first conservative I've heard who says LIBERAL is NOT a dirty word!
The discussion begins with a conversation about Obama's victory over Hillary Clinton. Amity says that Clinton represents the old party, and that Clinton loyalist and advisor Harold Ickes' father helped create that old party. But she also says both parties are in trouble.
Arianna tells us what Obama and Hillary drank at Dianne Feinstein's house...you'll just have to listen to find out what!
She points out that the center has already formed -- alot of what was seen as "left" (get out of Iraq, we need health care policy) is now a consensus for most Americans.
Matt says the audacity of Obama is the packaging and selling of liberal goals as common sense.
And Bob worries that political sharks around Obama will push him further to the right. He says he believes in free trade, in a globalized world, it is a fact of life, but that it should be tempered with worker, environmental, child labor protections.. Free trade should promote a new world order, not a new US military order.
You'll hear much more when you listen to this week's show. Subscribe to the podcast, tune in on air or online , or listen at your leisure at KCRW.com.
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