Kleptocracy

FinReg Waits for a Signature After 60 to 39 Vote

How the Senate vote went down:

The vote was 60 to 38, with just three centrist Republicans from the Northeast joining with the Democrats in voting to advance the legislation. One Democrat, Senator Russ Feingold of Wisconsin, voted against the bill, saying it was still not tough enough. Senator Michael D. Crapo, Republican of Idaho, did not vote, and one seat — which was held by Senator Robert C. Byrd, who died last month — is vacant.

With the Senate poised to send the bill to President Obama for his signature, the White House was already planning a ceremony — sometime next week — to mark completion of another landmark piece of legislation, following the enactment of the historic health care bill in March and last year’s major economic stimulus program.

What it means financial wise and politically below.


But what about defaulting on those sacred contracts, California GOP?

Anyone who watched the Bank disaster/crimes/frauds unfold and saw these big CEOs and their GOP cohorts cry about the sanctity of the contracts guaranteeing vasts sums of (our government) money for their bonuses and salaries for destroying the economy has to be looking on at the GOP making a mockery of "The Sanctity of Contracts" as they ignore the salary requirements in the State workers employee contracts in order to drop their pay to minimum wage. What kind of activism from a judge do you have to have for them to consider the the outside influence of an incompetent state government and not factor in the awesomeness of the "The Sanctity of Contracts"?

Yes, I am simultaneously mocking the jokes that are the right wing's recent "sanctity of the contract"  and endless use of "judicial activism" talking points while spinning the closer to the truth story of using the elites disaster to destroy the little guys wages, across the nation we can witness this tactic being replicated, but below The Maddow Blog explains the excuses of why California courts say it is legal:

The War That Democracy Is Losing

It has taken many years to build towards this kind of loss, and the momentum is still swinging rightward and up towards drowning us all in even more of authoritarianism's and of conservatism's ideas:

The Invasion against Democracy: The war is escalating. Right now, financial elites aren’t just fighting a defensive battle against new regulations. They’re playing offense: They’re whipping up deficit hysteria around the globe and calling for drastic cuts in middle class programs. Why? They want to ensure that their loans to governments aren’t threatened by rising public debt. Ironically, the public debt they’re so worried about was created in large part by them — the result of huge bailouts and other expenses stemming from the crash they caused. Although the bankers want us to dismantle what remains of our worker-oriented policies, welfare for the financial elites is still fine and dandy.

LesLeopold at Alternet makes more than a few salient points in the piece titled "Is there a Global War between Financial Theocracy and Democracy?"

I have said before that I would like nothing more than to lay the blame for all of this on the Republican party BUT...

Open Thread - Join the Single Payer Conversation

The one that, after the debate is all finished and a bill that will not solve the extreme rising costs of healthcare and will result in corporate welfare for the insurance industry while providing little benefit to the patients has already passed, is being had at the NY Times: