The House Passed Financial Reform; Now What?

The House of Representatives passed a sweeping overhaul of America’s financial sector and the regulatory structure that oversees it Wednesday evening, the penultimate step in a two-year effort sparked by the 2008 crisis. The 237-192 vote split largely along party lines, with most Democrats supporting the measure and most Republicans opposing it. The version of [...]

Dire Deficit Straits

The Congressional Budget Office today released its long-term budget outlook, confirming what we already know: Something’s gotta give. The report contains projections for how spending and revenue will look over coming decades. According to their number crunching, we’ve set a course toward superlatively unfortunate ratios of debt-to-GDP, and not just because of the attempts to [...]

Bad Guy vs. Bad Guy In The Illinois Senate Race

Both Republican Mark Kirk and Democrat Alexi Gioannoulias went way negative today with new ads. To wit: As a 34-year-old myself, I think 34-year-olds everywhere should protest this age-based smear. John F. Kennedy began his campaign for the U.S. senate, which he won, when he was 34. And there are lots of other 34-year-olds of [...]

1,000 Words: Petraeus Edition

(Official White House Photo by David Lienemann)

Kagan’s Haven?

Here’s a wrap up of the first day of questioning in the Senate Judiciary Committee’s hearing to confirm Solicitor General Elena Kagan to the Supreme Court. Kagan has been pretty successful in her charm offensive – disarming her would-be opponents with her quick wit and sense of humor (see above for and ABC mash up [...]

The Shame of Arlington National Cemetery, Cont’d

Just a few weeks back, Darrell Stafford, the internment foreman at Arlington National Cemetery, told CNN: “Everybody’s a VIP who enters Arlington National Cemetery, whether it’s a private or a general,” he said. “We look at them the same. Someone’s loved one has passed on, and we should do our best to make their departure [...]

Tom Perriello and the Efficacy Angle

Much of the political advertising from Democratic incumbents this year has hinged on one central argument: Democrats are delivering — and best poised to deliver in the future — for their districts. Notably Harry Reid, in his opening spot and “no one can do more” tag line, and Blanche Lincoln, in her effort to put [...]

Morning Must Reads: Compromise

Official White House Photo by Pete Souza –As Jay reported yesterday, Barney Frank and Chris Dodd moved back to conference to strip the $18 billion bank tax from financial reform. The money to pay for the bill will now come from the TARP and increased FDIC premiums. Translation: Rather than getting the money from large [...]

Faced With The Blagojevich Scandal, Did Barack Obama Tell The Whole Truth?

Just weeks after President Obama won the 2008 election, the governor of Illinois was charged with trying to sell Obama’s old Senate seat. It was an early challenge for the then president-elect, and he responded in a grand gesture of transparency. He asked Greg Craig, his future White House Counsel, to investigate “any staff contacts [...]

In the Arena

Vacation Interruptus

Sorry, but I can’t let this pass. Glenn Greenwald has been conducting one of his patented vile, intellectually dishonest jihads against the Atlantic’s Jeff Goldberg and he has now truly gone berserk. I should say that Jeff is a friend of mine, one with whom I sometimes disagree–although on the big stuff, like the Israel-Palestine [...]