Morning Must Reads: August 2

In the news: government shutdown looming, new details on the Benghazi attack, Snowden, "Fabulous Fab" conviction, the definition of "journalist," and the "Golden Boy" of Washington

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Mark Wilson / Getty Images

The early morning sun rises behind the US Capitol Building in Washington, DC.

  • “Hours before leaving on summer recess, Congress on Thursday hit a seemingly intractable impasse on government spending, increasing the prospects of a government shutdown in the fall and adding new urgency to fiscal negotiations between the White House and a bloc of Senate Republicans.” [NYT]
  • Dozens of people working for the CIA were on the ground the night of the U.S. Benghazi embassy attack, according to CNN. Since January, some CIA operatives have been subjected to frequent, even monthly polygraph examinations to see if they have been leaking information to Congress or the press.
  • Edward Snowden is just Putin’s latest insult to to Obama.
  • Ramesh Ponnuru’s look at the 2016 Republican field.
  • President Obama nominated John Koskinen to be the next commissioner of the Internal Revenue Service.
  • SEC gets big win in “Fabulous Fab” conviction for misleading investors in a mortgage-linked deal.
  • Senators spar over definition of ‘journalist’ in seeking to protect them in new “shield law.”
  • Why Russia turned against the gays
  • The Senate confirmed John Berry to serve as the ambassador to Australia — the first out gay ambassador to a G-20 country — on a voice vote Thursday, along with three other out gay ambassadorial nominees.
  • Jason Linkins takes on the bully pulpit theory in “What If Ron Fournier Can’t Read?
  • New Republic calls Luke Russert the “Golden Boy” of Washington.
483 comments
notsacredh
notsacredh

Not that it has anything to do with swampland or it's esteemed denizens, but I had to deal with some epically stupid people today and I'm taking the evening off to think happy thoughts and watch something mindless. No, not Fox, I'm thinking of a Michael Bay movie. 

ahandout
ahandout

Turbo Tax Timmy stuck in DMV hell.  Must be a lack of government oversight.  What I would give to hear what he was mumbling under his breath.

"We’re having glitches,” said his wife, Carole Geithner, who was waiting patiently on a nearby bench as her husband spoke with the DMV agent.

“Even though we brought every document known to man to do it, the bar code on his license was worn out, so that’s a problem,” she said. “And now, I don’t know why — with one of (the cars), they’re having trouble transferring it.”

For Geithner, who now nets hundreds of thousands of dollars per speech, time spent at the DMV is money lost.

  http://www.businessinsider.com/timothy-geithner-got-stuck-at-the-dmv-2013-8#ixzz2awF8G8Ne

terryclifton1
terryclifton1

So let me get this straight, not only are we going to have to buy our own insurance, but we are going to be paying 75% of the healthcare cost for members of Congress and their aides. The last time I checked the figures, those clowns are pulling down somewhere in the ballpark of $150,000 per year. The hypocrisy knows no limits. This is an outrage!! Those clowns shoved this scam down our throats, and got the unions to parrot their lies, and now both of them are skating on our dime. I can't wait until the liberals defend this with their last breath..Come guys, get to covering for your people!!!

terryclifton1
terryclifton1

The Democrats in Congress just made sure that they wouldn't have to suffer under Obamacare..Isn't that special?

ahandout
ahandout

Obama's pick of Larry Summers SHOULD tell you something about Obama.  Of course, there were hundreds of other clues that would have told you the same thing, so I don't expect liberals to get it this time either.

Summers will be just great as Fed Chairman.  He can point to his record of warnings.  Those are warnings, not actions, in case you think that saying something actually means anything, just like Obama.  Talk, talk, talk...run against his own policies with more talk, talk, talk, rinse and repeat.

Summers did warn about Fannie and Freddie.  Thanks Larry, you really stopped the great depression with that warning.

More substantively, I’d stack Larry’s judgments up against anyone’s. For example, he was way ahead of the curve on the dangers of allowing Fannie Mae and Freddie Mac to continue to run amok.

“Debates about systemic risk should also now include government-sponsored enterprises, which are large and growing rapidly,” he said in a 1999 speech.

Long before the 2008 financial crisis hit, Larry was warning about the dangerous blanket of complacency. “The main thing we have to fear is the lack of fear itself,” he wrote in The Financial Times in December 2006. And then the following month, at the World Economic Forum at Davos, Switzerland, he said, “It’s worth remembering that markets were very upbeat in the early summer of 1914.”

http://opinionator.blogs.nytimes.com/2013/08/02/the-right-leader-for-the-fed/?_r=0

But now we can put to rest who and what was responsible for the Mortgage Meltdown.  Clinton, the CRA, Fannie and Freddie and the Democrats in Congress.  Oh, and Larry Summers and Robert Rubin and a cast of Citibank/Federal Treasury employees had a big hand in the pie.  Who was Obama's first pick for Treasury Secretary?  Turbo Timmy Geithner: Citibank to the Treasury and back and forth.

Let's all support them again down the road to the SOS.

nflfoghorn
nflfoghorn

Off to dinner with the good woman.  Don't wait up.   ; )

roknsteve
roknsteve

The improving economic news has made the trolls psychotic today.  But they're spastic and retarded every day so what's the dif?  

La_Randy
La_Randy

@ahandout "Stupidity transcends race."

Interesting, why include this statement with the link provided?

notsacredh
notsacredh

Goodnight folks. Further OT, but the guy I'm working with told me that he couldn't believe how I kept my cool and didn't scream at some people. I told him that the quieter I got and the more polite I got, the angrier I was.

roknsteve
roknsteve

@ahandout Cracker Jack Handy picks his nose and gets a 10 pound booger and his head caves in.  Tea Head Number One.

La_Randy
La_Randy

@terryclifton1 News Flash! Congress has good health insurance that is mostly paid for by their employer. I have no "outrage" let's do this for every American.

fitty_three
fitty_three

@terryclifton1  

You're an idiot for putting this on liberals, @terryclifton1  

STFU.  It's the house (GOP, remember?) that is on three days a week.

Who's the slacker now, bozo.

forgottenlord
forgottenlord

@terryclifton1 

Isn't that what is currently being done?

The members of Congress have long had one of the best health care plans which was almost entirely funded by taxpayers.  It was absolutely ridiculous and it made them completely immune to the consequences of any law they passed.  Now, if they pass a garbage law, they're going to have to enjoy its consequences.  I think the taxpayer contribution to their plans has either decreased or stayed the same - it hasn't gone up.

ahandout
ahandout

@terryclifton1 No doubt all federal employees will eventually be exempt from Obamacare including the IRS.  It's only good for the peons.

La_Randy
La_Randy

@ahandout Has Obama picked Larry Summers? News to me. I am for Yellen myself.

MrObvious
MrObvious

@ahandout 

I think I speak for most liberals here and elsewhere - we don't like him.

What if Obama defends him - does that mean we have too? I don't know what's wrong with you 'wingers - the way you circle the wagon around your 'leaders' picks. I don't care for Larry Summers, most don't. It's a bad pick by Obama and it wouldn't be the first. That don't translate into me wanting to have anything to do with the crazy GOP party because their choices of leadership and such are even worse.

nflfoghorn
nflfoghorn

I guess he thinks Caucasians are unfairly picked on for doing stupid things.  

[eyes roll]



roknsteve
roknsteve

@sacredh I had to work on my temper back in the 70's.  I got in a fight  with my super and the next day the guy who worked across the street in the park said "I can't believe how you were beating on his pickup fender."  No wonder my hand hurt .  I was so angry I didn't remember any of that.  A Scotch-Irish nut job.  That cured me.

forgottenlord
forgottenlord

@sacredh 

I believe you had that story about the quietly getting revenge decades later that nobody ever figured out was you.  Easy to associate that with quiet angry

terryclifton1
terryclifton1

@forgottenlord @terryclifton1  

Regardless of how much they have to pay in to their plans, they are exempt from Obamacare, and one of their main arguments would be their increased costs. These people have absolutely no shame. The main stream media will sit on the sidelines on this one, guarantee it..

notsacredh
notsacredh

@ahandout, if you already have health care coverage, you don't need to buy anything. I'm a federal employee and I have health care. I pay 1/3 of my premium. I have always paid 1/3. I will continue to pay 1/3 and no, we DON't have the same coverage those in congress (both republican and democrat) have.

ahandout
ahandout

@MrObvious @ahandout I didn't vote for Bush Sr.  I think Rummy is an idiot.  There are many things I disagree with Bush on.  I used to be a social moderate until the Democratic Party pegged the needle to the left.

MrObvious
MrObvious

@nflfoghorn @roknsteve 

I find the irony of attacking jobs creating as low paying jobs while wanting to remove minimum wage. It's like being mad that the jobs are not good enough while fighting for the worst jobs for everyone.

I know, the magic of tax cut will bring back super duper well paid job, because without minimum wage the same people shipping jobs to China because they don't have to pay people that much would also love to pay workers more here if the tax cuts are good enough.

Logic - not the 'winger way.

But harping on about non scandals and bashing an improving economy without any solutions other then austerity for everyone except the super rich - on it.

notsacredh
notsacredh

@roknsteve, I haven't had much of a temper problem...ever. It just seems like the right thing to do to get revenge and then let it go. I doubt if I've even been in a dozen fights in my life and a couple of them were with women. I truly do consider women and men to be equal. Both women I've been in fights with were bigger than me (weight wise anyway). One was a lesbian and did manage to stagger me. The gal could punch. I was hitting on her friend and didn't know they were lesbians. After a couple of punches I apologized and offered to buy her a new jockstrap.

bokeh9
bokeh9

@roknsteve  "Scotch-Irish" Well, there you are.  Mixing booze is never a good idea.

notsacredh
notsacredh

@La_Randy @sacredh no, it wasn't her. It was dealing with people on rec boats yesterday that were drunk. I was busy from the time I got there until we left and I could have sworn it was a full moon because they were doing about the most unsafe crap you can imagine. I felt like a kindergarten teacher dealing with a classroom full of kids on meth. One joker took his trunks off and was trying to get his shorts on but was too loaded to get his legs in the holes. After a few minutes he decided ANOTHER beer might help him focus so he was sitting on the front of the boat naked drinking a beer.

notsacredh
notsacredh

@forgottenlord, one of my best friends at work told me years ago that he'd noticed that I kept getting calmer the angrier I got and that I spoke softer. He said when I shut up and started smiling, he got the hell away from me.

forgottenlord
forgottenlord

@La_Randy

Not quite, but yes.  The main difference is that Exchanges still have some middle man charges in the exchange itself - charges that would normally be absorbed by the company/managing group.

La_Randy
La_Randy

@terryclifton1 @forgottenlord They are not exempt. Grassey introduced a poison pill amendment to the PPACA that included the Congress which would have otherwise been exempt under the law as a large employer. This kink led to having to pass another law that would allow the government to contribute to the healthcare plans of those employees as it had done before. 

La_Randy
La_Randy

@forgottenlord @terryclifton1 It is actually designed to bring down costs by signing up lots of individuals in the market (groups) and therefore pooling costs and reducing premiums. Somewhat of a group plan, if you think about it.

forgottenlord
forgottenlord

@terryclifton1

Because the cost of a group plan is lower than the cost of non-group plans and while Exchanges bring down the price of individual plans, they don't bring it down to group plan levels so....yeah.

La_Randy
La_Randy

@ahandout @sacredh Let us break this idiotic comment down.

1. Obamacare has an ungodly amount of regulations and rules, requires doctors to spend more time on paperwork taking time away from treating patients,

Lie... rewards doctors to move to electronic records instead of paper records. 
2. leaves millions without coverage.
 This has be the stupidest statement of all considering republican governors are refusing to expand medicaid to cover the poorest citizens in their states leaving millions uninsured.
Who is exactly refusing coverage to Americans?
3.demands that young people pay,

Rich, considering that republicans had no mercy on them when it came to college loans this month.

nflfoghorn
nflfoghorn

@ahandout @sacredh Your side's solution is to do nothing and let drug and insurance companies continue to send us to the poorhouse.  When it kicks in in about five years and you still have objections, call us.

ahandout
ahandout

@sacredh @ahandout Obamacare isn't just a mandate to have health coverage, which is an outrageous edict from a government acting like a monarchy: "thou must pay."

Obamacare has an ungodly amount of regulations and rules, requires doctors to spend more time on paperwork taking time away from treating patients, punishes what used to be a normal healthcare plan, demands that young people pay, and leaves millions without coverage.  Another lie that Obama sold us.

terryclifton1
terryclifton1

@MrObvious @ahandout  

Did you hear the latest out of the sewers of Washington? The Democrats got themselves out of having to suffer under Obamacare..They cut a deal with Obama to get them off the hook..

MrObvious
MrObvious

@ahandout @MrObvious 

So you say that you didn't agree with xyz - I said I don't agree with xyz but you treat what I say with a completely diff standard from your own? Do you 'read' yourself?

BTW - we ,might help elect someone but we we don't control them. Sorry, but we don't have some magic mind trick. If Obama don't listen he won't.

ahandout
ahandout

@MrObvious

@ahandout

Oh I don't know, maybe it's statements like this one: "I think I speak for most liberals here and elsewhere - we don't like him."

YOUR GUY IS IN THE WHITE HOUSE.  It's your turn on the hot seat.

MrObvious
MrObvious

@ahandout @MrObvious

There are many things I disagree with Bush on. 

Then wtf would you be so stupid as to apply a completely different standard to me then you apply to yourself?


Think

MrObvious
MrObvious

@ahandout @MrObvious @nflfoghorn @roknsteve

Liberals elected Clinton; liberals elected Obama.  Summers was and is a key economic advisor to both.  Go ahead hate on yourself, you should.
 


WTF is wrong with your brain? Just wondering. If I don't like one thing doesn't mean I have to discard everything associated with that. Guilt by association is a moronic fallacy. Why do you even think like that?

Seriously - it's like you can't separate bad wrong something else and think two thoughts and chew bubble gum at the same time.


ahandout
ahandout

@MrObvious @ahandout @nflfoghorn @roknsteve  You really think that "the rich" are bargain hunters?  That they want lower prices? 

Liberals elected Clinton; liberals elected Obama.  Summers was and is a key economic advisor to both.  Go ahead hate on yourself, you should. 

MrObvious
MrObvious

@ahandout @MrObvious @nflfoghorn @roknsteve

Lower tariffs would result in lower prices, greater exports, and a stronger economy.

No liberal thought that - that's why Clinton is a centrist.

And GUESS who is going to be the next Fed Chairman: Larry, Lawrence Summers.  Gawd, you people got duped over and over and over again. 

And no liberal likes him. Your point?

Oh, that Mitt Romney would be better - no - you're wrong. He would be the same and worse. More outsourcing at an even greater pace while corporations and rich enjoy lower prices.

ahandout
ahandout

@MrObvious

@nflfoghorn

 @roknsteve

  Remember it's the "global economy" stupid.

Clinton assumed that economic globalization was inevitable. He also believed in the classical theory of free trade: Lower tariffs would result in lower prices, greater exports, and a stronger economy. "it's so wonderful when an economic theory turns out to be right," his Treasury Secretary, Lawrence Summers, would later crow; "The economic benefits of the tariff reductions we negotiated during the Clinton administration represents the largest tax cut in the history of the world."

Source: The Natural, by Joe Klein, p. 79 , Feb 11, 2003

Really "greater exports" to who the Chinese?  Why would the Chinese buy anything from us but one item?  They then reverse engineer it and produce cheap clones.

And GUESS who is going to be the next Fed Chairman: Larry, Lawrence Summers.  Gawd, you people got duped over and over and over again.

MrObvious
MrObvious

@nflfoghorn @MrObvious @roknsteve 

That's why they fight any bill helping small and medium business, load all kind of corporate welfare with pork and won't stop any tax deductions and corporate loopholes that benefit outsourcing. They're more worried about super rich peoples INCOME TAX over actual stimuli for the economy (like increasing peoples wages so they can afford to consume).