Polling and Political Wrap, 8/28/10
9 minutes ago
"A lot of the subprime mortgage paper is not, you know, as good as was thought originally," Bernanke told the panel. He predicted "significant financial losses" associated with delinquencies on these mortgages. Some estimates are that subprime-related credit losses could be anywhere from $50 billion to $100 billion, he said.I wonder what he thinks of Bear Stearns hedge funds being worthless but perhaps he's holding off for another day when he will deliver another understated whopper. Read More......
Senator Vitter's solicitation of at least one prostitute was not merely, as he has stated, 'a serious sin,' it was a violation of criminal law. The Senate Ethics Committee should commence an investigation into Senator Vitter's conduct and hold him accountable.UPDATE: Senator Reid has called for a full accounting of just what happened with the Vitter affair. Read More......
"Peppered with obscenity" - Concerned Women for America (the men at the)JOHN
"A particularly angry activist" - Family Research Council
"Bunch of wackos" - Rush Limbaugh
President Bush yesterday rejected entreaties by his Republican allies that he compromise with Democrats on legislation to renew a popular program that provides health coverage to poor children, saying that expanding the program would enlarge the role of the federal government at the expense of private insurance.When you expand eligibility, you make sure sick kids get health care. Can't have that in George Bush's America.
The president said he objects on philosophical grounds to a bipartisan Senate proposal to boost the State Children's Health Insurance Program by $35 billion over five years. Bush has proposed $5 billion in increased funding and has threatened to veto the Senate compromise and a more costly expansion being contemplated in the House.
"I support the initial intent of the program," Bush said in an interview with The Washington Post after a factory tour and a discussion on health care with small-business owners in Landover. "My concern is that when you expand eligibility . . . you're really beginning to open up an avenue for people to switch from private insurance to the government."
In Alastair Campbell's diaries, published last week, the former spin doctor described a Downing Street dinner for Mr Murdoch and his sons, James and Lachlan, in 2002. "Murdoch pointed out that his were the only papers that gave us support when the going got tough. 'I've noticed,' said TB," Mr Campbell wrote. Lance Price, Mr Campbell's deputy, called Mr Murdoch "the 24th member of the [Blair] Cabinet". He added: "His presence was always felt. No big decision could ever be made inside No10 without taking account of the likely reaction of three men, Gordon Brown, John Prescott and Rupert Murdoch. On all the really big decisions, anybody else could safely be ignored."A few choice examples of the Murdoch media follow up after those calls:
Phone call:11 March 2003Read More......
The Sun says: 12 March 2003
"Like a cheap tart who puts price before principle, money before honour, Jacques Chirac struts the streets of shame. The French President's vow to veto the second resolution [on Iraq] at the United Nations - whatever it says - puts him right in the gutter."
Phone call: 13 March 2003
The Sun says: 14 March 2003
"Charlatan Jacques Chirac is basking in cheap applause for his 'Save Saddam' campaign - but his treachery will cost his people dear. This grandstanding egomaniac has inflicted irreparable damage on some of the most important yet fragile structures of international order."
Phone call: 19 March 2003
The Sun says: 20 March 2003
"Time has run out for Saddam Hussein. His day of reckoning is at hand. The war on Iraq has begun... The courage and resilience of Tony Blair and George Bush will now be put to the ultimate test."
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