Political Theater

There is a reason Congressional hearings are relegated to C-SPAN: they can be soul-crushingly boring. There’s only so long one can watch rich people berate richer people for being greedy. The Goldman hearing has conformed to a familiar pattern. Senators begin with pointed questions and descend into demagoguery; the bankers force stoic …

In the Arena In the Arena

On CNN

My esteemed colleague Jim Poniewozik weighs in here on the current dilemma facing CNN and I agree with much of what he says. But I’d add another thing: We are not talking about huge audiences here. Cable news is essentially a boutique operation: Fox may get 3 million viewers for its highest rated demagoguery; CNN barely nudges a million …

Morning Must Reads: The Show

President Barack Obama participates in a town hall meeting on health care insurance reform at Gallatin Field in Belgrade, Mont., Aug. 14, 2009. (Official White House photo by Pete Souza)

–Obama departs on a two-day Midwest trip today with townhalls and business tours on the agenda. Jeff Zeleny writes it’s an effort to shore up …

In the Arena In the Arena

Talk to the Taliban

Ahmed Rashid, perhaps the best informed journalist in the world when it comes to Afghanistan and Pakistan, confirms my belief that Hamid Karzai’s recent maneuverings are part of a reconciliation strategy with the Taliban:

According to U.S. and Afghan officials, Karzai’s first question when he arrives will be whether Washington supports

Goldman on the Hot Seat

The Senate Permanent Subcommittee on Investigations will grill Goldman Sachs execs this morning, a day after releasing reams of documents that appear to show — despite Goldman’s testimony to the contrary — that the firm raked in money by shorting the housing market. I have a preview here, and we’ll be following along as the hearing …

Thank You, Sir, May We Have Another?

The cloture vote to stop a GOP filibuster on the Senate Banking Committee Chairman Chris Dodd’s bill to overhaul just failed in the Senate 57-41. The vote took nearly an hour as Senators rushed through Washington traffic to make the first vote of the week. All Republicans voted Nay. Republican Senators Bob Bennett of Utah and Kit Bond of …

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Financial Reform Vote–No Cloture

The Senate just failed to stop a Republican filibuster of the Financial Reform Bill. The Democrats forced the vote even though they knew the Republicans would stand together because they want “Republicans Block Financial Reform” headlines tomorrow…and also “My Opponent Backed the Bankers” ads in the fall. Republicans filibustered …

The Goldman Hearing: What’s At Stake?

Tomorrow morning, the Senate Permanent Subcommittee on Investigations will hold a hearing into the role investment banks played in the financial crisis. To show how Wall Street’s titans “spread poison through the system,” as Sen. Carl Levin put it today, the subcommittee chose months ago to focus its investigation on Goldman Sachs — a …

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Free South Park Prophet Now!

In memory of Doug Marlette

My old pal Doug was always vehement in defense of the first amendment rights of cartoonists like him–and I vowed to continue his fight after he died, so here goes: This Ross Douthat column today is important. It is possible to respect Islam, be a devout Muslim and be a devout American, too, respecting the …

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