trying to rewrite civil rights history, again:

“I think Martin Luther King’s dream has been fulfilled,” said Ron Christie, a Republican strategist who served as special assistant to President George W. Bush. “All men and women in this country are now treated equally. Legal discrimination has been outlawed.”
Still, there are differences of opinion even among conservatives on this point.
Artur Davis served as a Democratic congressman representing Alabama before ultimately abandoning the party after a failed gubernatorial bid. Davis, who describes himself now as “a center-right Republican,” spoke at the 2012 Republican National Convention in support of GOP presidential nominee Mitt Romney.
Davis argues that Republicans do themselves no favors when they insist that injustices have been banished.
“We do have racial inequality, we do have economic inequality that exists in this country,” he said “Any strain of rhetoric that seems to deny that inequality exists is destined to fall flat in the black community.”
Davis also contended that the GOP too often paid lip-service to “black outreach”.

Ron Christie sees what he wants to see. Artur Davis doesn’t see that he’ll never be too popular in his new party talking like that.Neither of them understand film and tv existed when Rev. Martin Luther King, Jr. was alive. Behold…evidence:

Shouldn’t any Manning/Wikileaks/Snowden/NSA leak Documentary should feature this?.

Senator Elizabeth Warren is advocating simply for regulations that were around when banks were not TBTF. Glass-Steagall was in place when Bear Sterns and Lehman and other banks were still alive and seemingly invincible so I don’t see why CNBC anchors are so against it. None of their reasons are: it’s bad for business or banks. Instead, it’s arguments against the process of legislating or saying this alone won’t solve the problem.

Glass-Steagall simply makes it so that instead of an executive being able to say fork over those deposits! to a consumer banking division head, they have to actually make compete to invest cash from many consumer banks that are independent of investment banks. The simple argument for Glass-Steagall is that the purpose of an investment bank does not track with that of a consumer bank. So let them compete for consumer bank investment dollars in a market as opposed to command them in a closed supply chain. It won’t say stop a future financial crisis all on it’s own.

For the record: former liberal representative Barney Frank and primary sponsor of Dodd-Frank is opposed to Glass-Steagall proposal by Senators Warren and John McCain and says so on CNBC this past Monday. He argues that Glass-Steagall is only banks and much of the damage that occurred in 2007 happened outside of banks (see AIG, Bear Sterns, Lehman and derivatives trading). He makes the good point: securities were designed so a lender didn’t have to worry about not getting repaid so bad loans could be bundled and sold off the books to suckers. But he also makes the point: Congress has underfunded Dodd-Frank implementation which has prevented these safe guards.

I think Frank is off on this because Glass-Steagall would help to make failed banks easier to wind down (consumer or investment) and make consumer banking a safer bet for consumers in general. It isn’t to prevent failures, it would make them manageable. The constant undercurrent in these CNBC conversations is: this wouldn’t “stop” bank failures or TBTF. I think it would help mitigate some of the problem by making bank failures manageable by shrinking their conflicts of interest, simplifying their creditor relationships and is worth passing. With regards to AIG, I would hope that a Glass-Steagall type law would declare that underwriting and issuing credit default swaps is an investment bank activity and should require AIG to spin off a wholly separate investment bank, just like a bank would have to under Glass-Steagall.

KTVU was fed racist names for Asiana 214 Pilots:

Think about this: someone at the NTSB or KTVU thought the precious broadcast moments after a plane crash were perfect for racist jokes. There is a special cruelty in this racist prank.
What timing.

It ain’t perfect, but it’s the best we got. And that’s pretty damn good.

I’ve always felt politically, Christine Todd Whitman would have been McCain’s best pick

Christine Todd Whitman in my opinion would have been a strong pick for McCain.

I’m no Nate Silver, but I just think it would have protected his Maverick brand, still put a woman executive with experience on the ticket and he would have had a competent Republican to go after moderates. Not strong as in I would have voted for them.

Oh yea: she wouldn’t have made his whole campaign the biggest punchline of the year.

Australian Chief of Army message regarding sexual harassment in the military
Is making this type of strong statement that hard or politically inconvenient for our military?

Today’s far right Republican elected officials hate Harvard elite egghead nerds know-it-als until they find one who agrees with them. Enter Harvard economists Carmen Reinhart and Kenneth Rogoff. Their bad calculations, omitted data, flawed research led to holy grail of the “Austerity is teh tussin for everything!” study quoted by Republicans and right of center Democrats.
The study was not peer reviewed, the data explicitly excluded economies that disproved their thesis and their spreadsheet was broken. Basically the key “Austerity is the cure” study quoted by conservatives and third way Democrats is useless and wrong in every way. Except very serious people wrote this bullshit study. The actual real conclusion from data: austerity measures are dumb, worry about unemployment…not debt.

It’s essentially a weak political document at this point. Enjoy “belt tightening” & “deficit reduction” (aka public employee layoffs and program cutting) that is so important and good for our communities according to this now debunked study. Also remember “deficit reduction” really means cutting tax rates and public spending.

Also, enjoy people who are liberals like me running around yelling: Krugman was right! Told ya! Just like we were right before Iraq war. Great, now we need to realize we need to find ways to convince people we are right before this shit happens.