Before the Cornyn and NRSC offer of O’Donnell support:
The financial ‘reform’ proposal, though, will impact the other 5/6ths of the economy. In many respects, the financial services ‘reform’ is much more damaging to the economy and our future competitiveness. Worse, its passage is being aided by Bob Corker.
Sen. Bob Corker (R-TN) has snatched defeat from the jaws of victory with his complete capitulation and total surrender on the Financial Services bill. The bill, passed by the House with a $4 trillion bailout provision, making bailouts the permanent policy of the United States government, was on it’s last legs until Corker came to the rescue. Now the Washington Post and other are reporting that Corker and ethically-challenged, retiring Sen. Chris Dodd (D-CT) are on the verge of a deal to breathe life back into the regulatory and bailout scheme.
Let’s be clear – the President and the hard left want this bill. David Reilly of Bloomberg described the measure as Barney Frank’s $4 trillion gift to the banks.
It looks like Republican Senator Corker has the blessing of George Soros:
A new consumer protection agency is an urgent need as the United States seeks better financial regulation but putting it in the Federal Reserve is unacceptable, George Soros, chairman of Soros Fund Management, said on Wednesday.
“We need a consumer protection agency, and we need it very urgently because there is political outcry about the injustice of the current situation,” Soros said at a Roosevelt Institute conference in New York.
Senate Banking Committee Christopher Dodd has been trying to bridge a gap with Republicans, who oppose an independent consumer protection agency, and discussed with Republican Senator Bob Corker the possibility of making the agency a division of the Federal Reserve.
Grassroots conservatives are rightly up in arms over Senator Corker’s game of footsie with far left Democrat Chris Dodd on President Obama’s effort to impose a massive new regulatory scheme on America’s economy. Dodd, of course, is one of the architects of the current financial crisis. His decades long support of ACORN, Fannie Mae, Freddie Mac and the Community Reinvestment Act should have disqualified him from these negotiations in the first place. But, this is Washington, after all, and apparently Bailout Bob was willing to look the other way and turn the other cheek.
The ironically named Consumer Financial Protection Agency will pile a new bureaucracy on top of an existing bureaucracy. It will spend hundreds of millions of dollars imposing job killing regulations on small business. It will have the power to strip consumers of their freedoms and restrict credit opportunities for small business. And, there’s more. Also tucked in the bill is a clause that gives the Federal Reserve the authority to bailout businesses to the tune of an astonishing $4 trillion.
We’ll make sure that small business and the Americans who depend on them for job creation are well aware of Corker’s actions to kill the engine of the economy.
Bob Corker’s Senate office number is 202-224-3344.
GOP Sen. Bob Corker said he “absolutely” would be willing to buck his party to pass a bill cracking down on financial market abuses and creating new rules to prevent firms from becoming “too big to fail.”
Of course we were.
“She turned out to be a huge disappointment, and she turned out not to be frankly a loyal Republican,” Gingrich told an interviewer in New Hampshire this weekend.
The former speaker added that conservatives who criticized his endorsement at the time “had the better of that argument.”
I know that I and others appreciate Gingrich acknowledging what we knew all along, frankly. I hope he and others in the RNC develop better foresight for future elections and allow things to proceed as they should: from the bottom up. We don’t want another Dede to dump.
Harry Reid is getting support from an unlikely corner of the Senate: one of the most conservative members of the Republican Conference, Sen. Tom Coburn of Oklahoma.
Coburn, in a speech at the Tulsa Metro Chamber of Commerce, said the GOP shouldn’t focus on attacking Reid as majority leader – after it was revealed in a new book that Reid said in 2008 that Obama could be president because he had no “Negro dialect” and was “light-skinned.” Reid has apologized for the remarks.
“Washington plays a game of gotcha,” Coburn said, according to the Tulsa World. “It pains me that Republicans are saying Harry Reid ought to step down. When you point a finger, you have four fingers pointing back at you. There is not anybody in Washington who has not said something that could be judged inappropriate and wrong.”
Innnnnteresting, I say, and if I had a long, vaudevillian villain mustache I’d be twirling the end.
Among the many indignities Gov. Charlie Crist has faced over the last several rocky months, this one hit home.
Republican Party activists in his own county of Pinellas, many of whom have been campaigning alongside Crist for years, on Monday overwhelmingly declared that they prefer Marco Rubio for U.S. Senate. The 106-54 “straw poll” vote is officially meaningless, but it’s a symbolic blow for Crist.
Oh, it gets better:
Only a year ago it would have been unthinkable that Crist could be snubbed by his home county, and Monday night’s result underscored how vastly the political terrain has changed not only for Crist but Republicans everywhere as conservative activists have become increasingly vocal.
“It’s just a perfect storm in some ways, and certain people want to take advantage of the situation,” said Erwin Beck of Clearwater, a Crist supporter. “These tea party people don’t really grasp consensus politics.”
“It’s a group of people, they’re dissatisfied, they’re angry. They don’t know who to take it out on, so they’re taking it out on Charlie Crist,” she said. “When all is said and done, I think they’ll realize he has them in his heart.”
Really. This probably could have nothing to do with it:
“The nail in the coffin was when he was so kind to Mr. Obama,” said Fernando Gutierez of Clearwater, referring to Crist’s endorsement of the $789 billion stimulus package and who said the Rubio campaign called him to make sure he planned to vote. [my emphasis]
Maybe the fact that Crist is a GIANT RHINO, maybe that’s what has voters turned off. Look at the establishment trying to blame the grassroots for doing a better job of adhering to Republican principles than the actual Republicans.
The tea party people do grasp consensus politics; such irony that the statement would even be made in the context of this article, in the context of the old guard attempting to disregard and invalidate the voice of the people for the sake of political longevity.
The affidavit says Jetton and the alleged victim agreed on a safe word — “green balloons” — that could be used to stop sexual relations during the evening.
Instead, the affidavit says, Jetton hit her on the face and choked her before engaging in intercourse. Jetton allegedly said, “You should have said ‘green balloons,’ ” before leaving her home the next morning.
It’s always nice when the trash takes itself out. Good riddance.
The Scott County court clerk confirms a felony complaint has been filed against former Missouri House Speaker Rod Jetton for an incident that allegedly took place Nov. 15 in Sikeston, Mo.
Casenet says the complaint was filed today, a class C felony assault carrying a seven-year and/or $5000 penalty.
I do think it’s odd that the pair consensually decided upon a “safe word,” a sort-of acknowledgement that relations were going to get intense enough for such a thing – meaning how can you agree to have rough sex and then say it was assault afterwards? However, his idea of intense may have varied greatly from hers. It’s something that will have to play out in the courts.
I’m not, nor have I been a fan of former Missouri House Speaker Rod Jetton, aka “JediJetton,” simply because I think it’s kooky (and a lot like double-dipping) to be a public servant while also acting as a political consultant.
JEFFERSON CITY | Rod Jetton will shut down his political consulting firm, following charges of felony assault in connection with a sexual encounter with a woman last month.
Jetton, the former Speaker of the Missouri House, released the following statement through his lawyer, Stephen C. Wilson:
“Rod Jetton is announcing that he will be closing Rod Jetton & Associates, his consulting firm.
“He will be leaving politics to deal with false allegations and spend timewith his family. He is confident that when the facts of this case are heard,he will be found innocent.
“Jetton feels that right now he can best help his clients, former employeesand family by closing the doors of his consulting company.
“He expects to finalize his business dealings by the end of 2009.”
The unfortunate thing is that there will likely be some honest and good (I personally don’t believe that all his clients are) Jetton clients (more) who will be caught up in this and will be illogically and unfairly linked to his stupidity.
I cannot think of a more slash-and-burn headline than this:
Two topics Newt Gingrich should avoid dissing others about: Infidelity and Carpetbagging
Why this is a bizarre charge for Gingrich to make is he himself ran in a district he didn’t live in; and based on my knowledge of Georgia geography, was about an hour from where he lived when he filed for election.
During the 1990s round of redistricting, Georgia picked up an additional seat as a result of the 1990 United States Census. However, the Democrat-controlled General Assembly dismantled Gingrich’s old district, which stretched from the southern suburbs of Atlanta to the Alabama border. Gingrich’s home in Carrollton was drawn into the Columbus-based 3rd District, represented by five-term Democrat Richard Ray.
At the same time, the Assembly created a new 6th District in Fulton and Cobbcounties in the wealthy northern suburbs of Atlanta — an area Gingrich had never represented. However, Gingrich sold his home in Carrollton, moved to Marietta in the new 6th and won a very close Republican primary. The primary victory was tantamount to election in the new, heavily Republican district. Also, Ray narrowly lost to Republican state senator Mac Collins.
Evidently, Newt thought his continued service in Congress was more valuable than electing a Cobb County native to the House. The voters agreed, although I recall Newt’s relocation was not met with universal approval from his new constituents.
I love the total arbitrary nature of politics. Comedy gold. A song for Newt:
Papa was a rolling stone.
Wherever he laid his hat was his home.
(And when he died) All he left us was alone.
Papa was a rolling stone, my son.
Wherever he laid his hat was his home.
(And when he died) All he left us was alone.