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The Keating Story

Obama is doing what Kerry and Gore never did. Hitting back. He was ready for the attacks and now that McCain has started spreading lies, Obama is spreading truth. What’s great about this is that it resonate so well with what’s going on right now.

[youtube]http://www.youtube.com/watch?v=IDofbll86dY[/youtube]

In yet another sign of his total psychological meltdown (not to mention the disappearance of the last shred of honor, if he ever had any) McCain is now claiming that the Keating Five scandal was a partisan witch hunt, despite the fact that the other four were Democrats and he himself has said over and over again that did, in fact, acknowledge making mistakes on Keating. It’s obvious Obama has had this tape in the can for a while, holding it back for when the smears came. In the wink of any eye they had a whole website up about the scandal.

Brush up your Shakespeare

Great bit on Colbert:

Stephen knows his Shakespeare.

Breathtaking

According to the New York Times (Lehman Managers Portrayed as Irresponsible) Lehman executives were looting the company just days before it went belly up:

One Lehman document among thousands reviewed by the House committee showed that four days before the bank filed for bankruptcy protection, Lehman’s compensation committee was asked to grant $20 million in “special payments” for three executives who were leaving, Mr. Waxman said. An e-mail exchange recommending a delay in bonus payments was apparently brushed aside.

Another document showed that executives were warned in a January 2008 meeting that the company was facing liquidity problems. Yet the firm moved forward with capital outlays, including $5 billion in bonuses, $4 billion in shares and $750,000 in dividend payments between 2007 and the firm’s bankruptcy filing on Sept. 15.

I am just a country lawyer, and I stopped doing bankruptcies when the law was “reformed”, but I think I know a preference (and an insider preference at that) when I see one. It is to be hoped that the trustee, whoever he or she may be, will be contacting these folks post-haste to ask for that money back.

Shocking news

We’re going to miss the big fella.

A bit more on the debate

Thanks to a reader, who pointed me to this from Rachel Maddow:

And, for anyone who hasn’t seen it, check out the SNL sketch from last night. You can view it here. For reasons I can’t fathom, the embed code doesn’t seem to work on my site.

Congratulations to Joe Courtney

Joe voted against the second bailout bill, for which he should be applauded. He was right on the merits with his first vote, and there was no logical reason for him to change his vote for the second bill, which by any measure important to a Democrat was worse than the first bill. Joe’s to be commended for sticking to his guns.

In a few weeks or months we’ll be hearing that more needs to be done. Hopefully, at that point, the Democrats will be in a position to dictate the response and they’ll have the willingness to pass something that will benefit the people of this country.

UPDATE: I had heard from one well placed person that one of Joe’s problems with the bill was the fact that it did nothing to limit executive compensation. I repeated that to a few people, all of whom thought that it did, and I myself had not heard anything independently to suggest that the limits had been deleted from, for instance, what Dodd had proposed. I don’t know if this was one of Joe’s problems, but it does look like the executive compensation limits are of the Potemkin variety:

For supporters of the Bush administration’s $700-billion Wall Street bailout, it stands as a key selling point: a provision that limits pay packages for the heads of companies helped by the taxpayer-funded rescue program.

There’s just one problem: It would do little to cap executive pay or rein in the enormous retirement packages – the golden parachutes – that have come to symbolize corporate excess.

Not only is the compensation provision vague, it is punched full of loopholes and leaves many issues of executive pay for the White House to decide later. Legal and political experts say the bill will do almost nothing to limit CEO compensation – even for companies that benefit handsomely from the taxpayers’ generosity.

Friday Night Music-Bela Fleck

I can’t begin to even categorize this guy, but his music is great. A couple of examples:

Big Country:

[youtube]http://www.youtube.com/watch?v=FXHOyqHzupk[/youtube]

A Moment So Close:

[youtube]http://www.youtube.com/watch?v=RFwrJ1rd_xQ[/youtube]

For it, before he’s against it.

Via Thinkprogress:

Yesterday during an interview with the Denver Post, Sen. John McCain (R-AZ) claimed, “I will not and have never supported renegotiating the Colorado River Compact,” an agreement that “governs how seven Western states, including Colorado and Arizona, share the Colorado River“:

MCCAIN: And by the way, whatever misinterpretation there may have been, I will not and have never supported renegotiating the Colorado River Compact. … Never, Never would I support a renegotiation of the Colorado River Compact. Please. No. Got it?

But in August, McCain did exactly that. He told the Pueblo Chieftain that the compact “obviously, needs to be renegotiated“:

MCCAIN: I don’t think there’s any doubt the major, major issue is water and can be as important as oil. So the compact that is in effect, obviously, needs to be renegotiated over time amongst the interested parties.

Now, I know nothing about the compact, and have no idea whether it should be renegotiated. But the above quote, taken in the context of a number of statements in recent weeks in which McCain has tailored his positions to suit his audience, often in direct contradiction to what he has said to others (e.g., here), leaves us with two alternatives regarding the straight talker:

1. He will say whatever he must say to please his immediate audience, and is fully conscious of that fact. If we accept this alternative, then McCain is one of the most deeply dishonest persons ever to run for the office. Sure, they all trim their language a bit to suit the audience, but this isn’t trimming. This is chronic lying.

2. The alternative is that McCain has descended so far into senility that he really doesn’t know what he is saying from one moment, or one day, to the next.

I’m not sure which is worse. It pains me to say that it is probably better to have a chronic liar for president, rather than a man mired in dementia, especially with the airhead Palin waiting in the wings.

There is a third alternative, a sort of middle ground between the two. Perhaps McCain’s mind is relatively sound, but he just doesn’t care to keep track of his positions, preferring instead to say whatever his audience wants to hear at any given time. That theory would lead us to conclude that he is not, strictly speaking, a liar. It would however, reveal him as a deeply cynical and unprincipled human being. Nowadays, on the national lever, there’s another name for that type of person. They’re called “Republicans”.

Big night at Drinking Liberally

By far the biggest night we’ve had. Over 30 people according to my wife’s count. Here we are drinking liberally:

And here we are, or some of us, watching the debate:

A quick observation about the debate. Had she been anyone else but Sarah Palin, Sarah Palin would have been mocked for her performance tonight. However, since there was the possibility that she would literally talk in tongues, her performance will be hailed, at least by the media. Expectations were so low that being atrocious was a triumph.

Bill Maher plugs his movie

Bill Maher talks about his new movie on the Daily Show. The entire interview below, split into two parts. It is great to see a movement to re-legitimize reason in this country.