May 2011 archive

As was speculated, Sen. Herb Kohl (D-WI) will not be seeking reelection to the US Senate in 2012. This leaves an open race and a golden opportunity to bring back Russ Feingold to the US Senate. This also opens the door for Tea Party Republican Rep. Paul Ryan (R/TP-WI), to run and he is considering it. I would pay to see them debate, Russ would wipe the dais with Paul’s corporatist, Koch bought and paid for, bull pucks. Most likely, Ryan’s seat would also flip. Compared to Feingold, Ryan is no heavy weight and Wisconsin in ripe for the Democrats to win back. Certainly a win-win in the making.

Heavyweights Ryan, Feingold weigh Senate race in Wisconsin

The two candidates widely considered to be the top prospects to run for Wisconsin’s newly open Senate seat – GOP Rep. Paul Ryan and former Democratic Sen. Russ Feingold – both left open the possibility of a 2012 bid on Friday.

Rep. Paul Ryan (R-Wis.) said in a statement that he was “surprised” by Sen. Herb Kohl’s (D) announcement, and that he will “take some time over the next few days to discuss the news with my family and supporters before making any decision.”

Ryan, the chairman of the House Budget Committee, has become a focal point for national Democrats, who have slammed his proposed budget as the “end of Medicare.” Democrats are already framing the 2012 elections as a referendum on Ryan’s budget plan, a debate that would be further fueled by Ryan’s entry into the Senate race.

snip

Former Sen. Russ Feingold (D-Wis.) would likely be the first-choice candidate, according to one national Democrat. But Feingold isn’t likely to make a quick decision on the race.

In a statement issued through his Progressives United PAC, Feingold made no mention of the 2012 race, praising Kohl as someone who “has served the state with honor.”

But Feingold’s former chief of staff told the Milwaukee Journal Sentinel on Friday that the former senator, who lost to Republican Ron Johnson last November, will come to a decision in “the coming months.”

Run, Russ, run. Please

I know there were a few people who actually believed that Donald Trump was a legitimate candidate who will be disappointed by his decision to pull out before he was actually in the race. Most never took this ploy as anything but a publicity stunt by low class, wealthy charlatan. Lawrence O’Donnell was betting he would withdraw as the contract for his NBC show, “The Apprentice” was up for renewal. O’Donnell called it a fake campaign, he was absolutely right. It’s May 16th and The Donald is just fired himself as a candidate for the GOP presidential nomination.

Hair Today, Gone Tomorrow: Trump Ditches Prez Race

Donald Trump Is Not Running For President

Donald Trump has announced that he is not running for president in 2012. “This decision does not come easily or without regret,” Trump said in a statement, “especially when my potential candidacy continues to be validated by ranking at the top of the Republican contenders in polls across the country.”

“I maintain the strong conviction that if I were to run,” he said, “I would be able to win the primary and ultimately, the general election.”

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Nicholas D. Kristoff: What Holbrooke Knew

When he was alive, Ambassador Richard Holbrooke was effectively gagged, unable to comment on what he saw as missteps of the Obama administration that he served. But as we face a crisis in Pakistan after the killing of Osama bin Laden, it’s worth listening to Holbrooke’s counsel – from beyond the grave.

As one of America’s finest strategic thinkers and special envoy to the Af-Pak region, Holbrooke represented the administration – but also chafed at aspects of the White House approach. In particular, he winced at the overreliance on military force, for it reminded him of Vietnam.

“There are structural similarities between Afghanistan and Vietnam,” he noted, in scattered reflections now in the hands of his widow, Kati Marton.

“He thought that this could become Obama’s Vietnam,” Marton recalled. “Some of the conversations in the Situation Room reminded him of conversations in the Johnson White House. When he raised that, Obama didn’t want to hear it.”

E. J. Dionne Jr.: Lincoln would weep at the GOP’s 2012 field

Republicans are unhappy with their field of presidential candidates and yearn for someone who will come along to save them. But here’s what the GOP doesn’t want to confront: its problem lies not in its candidates but in itself.

The candidates appear much smaller than they are because the party’s primary voters and core interest groups insist upon cutting them down to size. To win a Republican nomination, a candidate has to move right, recant absolutely any past position that violates the current conservative catechism and never dare to speak the truth that solving our deficit problem will require new revenue – a.k.a. taxes.

Monday Business Edition is an Open Thread

1 Strauss-Kahn casts shadow over EU debt crisis talks

by Roddy Thomson, AFP

Mon May 16, 3:41 am ET

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

Click on image to enlarge

May 16 is the 136th day of the year (137th in leap years) in the Gregorian calendar. There are 229 days remaining until the end of the year.

On this day in 1868, the U.S. Senate votes against impeaching President Andrew Johnson and acquits him of committing “high crimes and misdemeanors.”

In February 1868, the House of Representatives charged Johnson with 11 articles of impeachment for vague “high crimes and misdemeanors.” (For comparison, in 1998, President Bill Clinton was charged with two articles of impeachment for obstruction of justice during an investigation into his inappropriate sexual behavior in the White House Oval Office. In 1974, Nixon faced three charges for his involvement in the Watergate scandal.) The main issue in Johnson’s trial was his staunch resistance to implementing Congress’ Civil War Reconstruction policies. The War Department was the federal agency responsible for carrying out Reconstruction programs in the war-ravaged southern states and when Johnson fired the agency’s head, Edwin Stanton, Congress retaliated with calls for his impeachment.

Of the 11 counts, several went to the core of the conflict between Johnson and Congress. The House charged Johnson with illegally removing the secretary of war from office and for violating several Reconstruction Acts. The House also accused the president of hurling slanderous “inflammatory and scandalous harangues” against Congressional members. On February 24, the House passed all 11 articles of impeachment and the process moved into a Senate trial.

Cathay Pacific Airbus 330 makes emergency landing in Singapore

‘God, save our flight! Give us your protection!’ passengers pray

msnbc.com news services

Terrified passengers aboard a blazing jetliner prayed together before the plane made an emergency landing on Monday.

An engine on a Cathay Pacific Airbus A330-300 caught fire in midair.

Cathay Pacific said the jet, bound for Jakarta with 136 passengers on board, landed back in Singapore “without incident” just before 2 a.m. It said the crew shut down the engine after receiving a “stall warning.”

Reuters photographer Beawiharta was aboard the aircraft with his wife, two sons and daughter. About 20 minutes after take-off, there were two sharp bangs, sending cabin staff scurrying to retrieve the meals they had only just begun serving.

Yams have served as staple foodstuffs in Africa for millenia, having been under cultivation for over 8000 years according to some authorities.  There are dozens of species, but only a relative few are suitable for agriculture.  Yams are members of family Dioscoreaceae and are all of the genus Dioscorea.  Most of them are tropical, but there is one North American species, Dioscorea villosa, aptly called Wild Yam.

Whilst a staple in many tropical areas, yams are not eaten very much in the United States.  What we call a yam is in almost all cases a sweet potato, not closely related to real yams.  It gets even more interesting, since the sweet potato is not a potato at all!  After the fold we shall discuss a different use for yams not involving food.  Since today is 5/15, I though we might start with a bit of music of that name.

Evening Edition is an Open Thread

1 Libya offers truce to UN as revolt enters 4th month

by Imed Lamloum, AFP

1 hr 21 mins ago

Poor Goldman Sachs. According to Megan McArdle, one of the Atlantic Monthly’s Wall St apologists, argued on CNN’s Your Money in a debate with Rolling Stone’s Matt Taibbi that the laws were too confusing and it would be too hard to figure out ig they did anything wrong. While conversely,  she insinuates that those who the toxic assets were sold to should have known what they were buying. Let’s blame the victims.  Megan even admits that she hasn’t read all the documents while Taibbi has. How does Megan have any credibility on this is beyond comprehension. Here are some of the “high” points from the transcript of the video:

MCARDLE: What we have to do is disclose. It’s perfectly legal for a dealership to sell me a car I’m not going to like or that’s too expensive for me. It’s not legal for them to sell me a car that’s not what they represented it as.

And we set certain legal minimum standards and that’s what happened here. At least, John Losera and all the devils who are here argues that he actually has gone through these documents and says that a lot of these things were disclosed. That in fact Goldman laid out in very lengthy detail all of the ways in which this could go wrong. I haven’t read the disclosure documents personally.

TAIBBI: I have.

MCARDLE: There are two competing versions of the story.

VELSHI: Matt, you’ve read them?

TAIBBI: Well, I’ve read all the documents in this report and I’ve also talked to some of the principals in this entire story. I definitely know some of the client that is Goldman was talking about were completely blindsided by the fact that, for instance.

They were buying assets out of Goldman’s own book when they were told that Goldman was buying these assets off the street. They definitely did not make key disclosures that they were legally obligated to make.

The People vs. Goldman Sachs

By Matt Taibbi

A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges

They weren’t murderers or anything; they had merely stolen more money than most people can rationally conceive of, from their own customers, in a few blinks of an eye. But then they went one step further. They came to Washington, took an oath before Congress, and lied about it.

Thanks to an extraordinary investigative effort by a Senate subcommittee that unilaterally decided to take up the burden the criminal justice system has repeatedly refused to shoulder, we now know exactly what Goldman Sachs executives like Lloyd Blankfein and Daniel Sparks lied about. We know exactly how they and other top Goldman executives, including David Viniar and Thomas Montag, defrauded their clients. America has been waiting for a case to bring against Wall Street. Here it is, and the evidence has been gift-wrapped and left at the doorstep of federal prosecutors, evidence that doesn’t leave much doubt: Goldman Sachs should stand trial.

What’s so hard to fathom, Megan? They committed fraud and then lied about the fraud. Lloyd Blenkenfein isn’t too big for a cell next to Bernie Madoff. The Justice Department and Eric Holder needs to get its act together.