Does it really matter which party is in charge when it comes to bailing out the Wall Street hustlers whose shenanigans have bankrupted so many ordinary folks? Not if the Democrats roll over and cede power to the former head of Goldman Sachs, the investment bank at the center of our economic meltdown.
It seems that some key officials involved in the negotiations with the Bush administration over the terms of Treasury Secretary Henry Paulson's $700-billion bailout proposal for Wall Street aren't about to make a deal unless it includes specific plans for congressional oversight and help for homeowners on the brink of foreclosure.
Treasury Secretary Henry Paulson has announced what the media are calling a "massive overhaul" of America's regulatory agencies, but columnist and liberal economist Paul Krugman isn't impressed. Krugman doesn't think the administration's cosmetic solutions will mitigate our current economic crisis or prevent the next one.
The Washington Post has obtained a number of former Defense Secretary Donald Rumsfeld's "snowflakes," curt memos fired off at a rate of up to 60 a day. The documents offer rare, unpolished insight into one of the principal architects of the Iraq war, who "argued that Muslims avoid 'physical labor' and wrote of the need to 'keep elevating the threat,' 'link Iraq to Iran' and develop 'bumper sticker statements' to rally public support for an increasingly unpopular war."
Nearly three and a half years after Pat Tillman's death, the Army has issued a formal mea culpa to his family, admitting through Secretary of the Army Pete Geren on Tuesday that his family's grief "was compounded by the failing of his Army" with respect to its duty to inform families quickly and thoroughly about their losses.
Keith Olbermann delivered a masterful retort on Wednesday to Donald Rumsfeld's recent diatribe on fascism. With a commentary as apt as it was eloquent, Olbermann excoriated the defense secretary's very patriotism: "In what country was Mr. Rumsfeld raised? As a child, of whose heroism did he read? On what side of the battle for freedom did he dream one day to fight? With what country has he confused? the United States of America?" (Video & Transcript)