Friday, January 6, 2012

Headlines - Friday January 6

Youngstown, Ohio mayor buys earthquake insurance for city over for doubts over fracking. Bloomberg
Teabagging governor Kasich believes that the earthquakes are isolated incidents. Uh huh. They are isolated to fracking, so he's sort of right.
And today's most blatantly racist GOP statement of the day

Comes from Newt:

"I will go to the NAACP convention, and explain to the African-American community why they should demand paychecks instead of food stamps," said Gingrich.


Jill: Dear Keith


Wholesale Approval of Genetically Engineered Foods -- Obama Administration Disappoints/Angers Public

Please comment on this at the link.


someecards romney.jpg

You decide:
Very little in life is truly inevitable. When briefing policy makers, I would try to point out that a lot of it wasn't even predictable (at least in any scientific sense). But surely what is happening in Iraq, the increasingly darkening clouds of sectarian division, can hardly be described as unexpected.
No shit. Someone who was paying attention could have predicted as much before the fucking war started. But no, it was the Bush Administration, populated with tools like Hayden, who thought that if we invaded Iraq, that we could transform a secular dictatorship into a secular democracy. Sort of like the way that Iran transformed itself from a secular dictatorship into a secular democracy.

Oh, wait. That never frakking happened!

Hayden also neglected to point out a couple of facts. The "out by the end of `11" was negotiated by President Bush. Second, the Iraqis were willing to let combat troops stay, but only if they were subject to Iraqi law. The Iraqi legal system is about as independent as the Russian legal system, the insistence of the Iraqi government that our combat troops be subject to their law was a dealbreaker for both sides. If President Obama had agreed to that, the very same chorus of putzim who are now criticizing the withdrawal would have been screaming blue bloody murder.

Why CNN agreed to publish Hayden's little screed, given that he is on Mitten's payroll, is another question entirely.
Mother Jones: Ethanol Subsidies: Not Gone, Just Hidden a Little Better
Sigh...Well, the day ends in "y" doesn't it? "A Catholic priest already charged in state court with possessing thousands of pornographic images of young boys is due in a Pittsburgh courtroom on Friday on new federal charges, authorities said. ... A federal grand jury, in an indictment unsealed late on Wednesday, charged the Rev. Bartley Sorensen, 62, former pastor of St. John Fisher Church in Churchill near Pittsburgh, with one count each of receiving and possessing pictures of minors engaged in sex acts. ... If convicted of the federal charges, Sorensen faces up to 20 years in prison for receiving child pornography on a computer and up to 10 years behind bars for possession of child pornography. ... U.S. Attorney David Hickton said an investigation will continue jointly between the FBI and Allegheny County Police after Sorensen appears before a federal magistrate on Friday. ... A parish employee who had undergone training to identify sexual predators allegedly saw Sorensen viewing child pornography on his computer and called the church child abuse hotline."
Pentagon Plan: More Drones, Increased Presence in Asia

We're #1! We're #1! We're #1!

WASHINGTON — Benjamin Franklin did it. Henry Ford did it. And American life is built on the faith that others can do it, too: rise from humble origins to economic heights. "Movin' on up," George Jefferson-style, is not only a sitcom song but a civil religion.

But many researchers have reached a conclusion that turns conventional wisdom on its head: Americans enjoy less economic mobility than their peers in Canada and much of Western Europe. The mobility gap has been widely discussed in academic circles, but a sour season of mass unemployment and street protests has moved the discussion toward center stage.

Let them eat cake. Also, file under "DUH!"


The 1% thinks you're stupid. In fact, they think you're very stupid.


Consumer Financial Protection Bureau Director Richard Cordray -- an Obama recess appointment -- is not letting the grass grow under his feet.


Nigerian "witch hunter" and Holy Appointee of Jesus is coming to Houston for a "12 day marathon of deliverance" where she'll cure you of mermaids, voodoo, spells, and ALL those chronic and incurable diseases. Praise! Glory! Donate!


According to a new report released by the Wall Street Journal, newly revised data from just before Christmas shows corporate profits reaching a new record of nearly $2 trillion in profits during the third quarter of the year. However, as ThinkProgress points out, corporate tax revenue is still lackluster.

After plummeting from 2007 through 2009, U.S. corporate profits regained their precrisis peak in early 2010, according to the Bureau of Economic Analysis. The latest, revised data released just before Christmas showed corporate profits before tax rose to a record $1.97 trillion in the third quarter of 2011.

But corporate tax receipts, as reported by the Treasury Department, remain lackluster, even as the economy has gained some ground of late.

Although they have trended higher in recent months, corporate taxes measured on a 12-month basis were still under $200 billion in November. That is well below a precrisis peak of about $380 billion and still far below the government's fiscal 2012 target of $332 billion.

To be clear — corporate profits are higher now than they have ever been, but corporate tax revenue is still far below levels seen before the 2008 financial crisis.

The Obama Administration is clearly strangling them to death with taxes and regulations. Or something.

I think they're running out of excuses.


Utah Doctors Join "Occupy" Movement


The Romney Unit has been going around saying he created 100,000 jobs at Bain Capital. However…

[Romney spokesman Eric] Fehrnstrom says the 100,000 figure stems from the growth in jobs from three companies that Romney helped to start or grow while at Bain Capital: Staples (a gain of 89,000 jobs), The Sports Authority (15,000 jobs), and Domino's (7,900 jobs).

This tally obviously does not include job losses from other companies with which Bain Capital was involved — and are based on current employment figures, not the period when Romney worked at Bain. (Indeed, Romney made his comments in response to a former employee of American Pad & Paper Co. who says he lost his job after Bain Capital took it private.)

At least they're admitting to it. ThinkProgress adds:

Bain Capital has been responsible for thousands of layoffs at companies it bankrupted, such as American Pad & Paper, Dade International, and LIVE Entertainment, which Romney's stat completely leaves out. He's also taking credit for jobs created long after he left the firm to launch his political career.

Bain's entire thing was to take over companies and fire workers. Yesterday, Kevin Drum analyzed how President Obama might attack Mitt Romney. I believe this job-creation Bain lie will be a central attack.

Oh, and Krugman:

By that standard, everyone who's spent a lot of time with slot machines is a big winner, since only the pluses count.


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