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...very clear that the New York Fed was preoccupied with looking out for the interests of Wall Street at the expense of Main Street," says California Congressman Darrell Issa, a Republican, who questioned Geithner and others on Wednesday. "Given the circumstances and the fact that they were dealing with taxpayer dollars, the Fed had an obligation to try and secure the best deal possible for the taxpayers and instead brokered a deal that helped the rich get richer and then tried to cover...
Americans can’t grant consent on legislation when they aren’t given access. When the people of the United States are denied transparency in the process of enacting legislation, the voters are denied their fundamental right to object. Obama wrote about laws being “uniform, predictable and transparent ... applying equally to the rulers and the ruled.” There is no transparency when a leader blatantly ignores the procedures of Congress that call for open debate because to do so is to his political advantage. When preferential treatment is given to unions, pharmaceutical...
America is facing a trillion dollar deficit. Our tax dollars have bailed out endless corporations who have flagrantly misused it. We saved the banks, yet they deny us fair lending and take our homes. We sit by and watch million dollar bonuses given away to the very executives that put our economy in peril. We hear about scandals involving AIG, the New York Federal Reserve, Fannie Mae, Freddie Mac, Goldman Sachs, Citigroup, Bank of America—there are too many to list. We listen helplessly to members of congressional oversight panels who condemn them with their voices but continue...
...Republicans clap? Liberals and some White House aides have given up on ever getting meaningful cooperation from the opposition party on a legislative agenda. Obama doesn't have that luxury. GOPers will not like much of what the President says - and they smell both blood in the water and victory in November's midterm elections. But Obama has to find some areas of common ground to renew his campaign pledge to reduce the partisan bitterness and lack of cooperation that has come to dominate Washington and the nation's politics...
...Instead of trying to crush the Taliban as the U.S. had hoped it would, Pakistan is talking to the movement's leaders and urging Washington to do the same. Pakistan hopes to orchestrate a political settlement in which the Taliban and other Pakistan-friendly Pashtuns would be given far greater influence in a new regime but would agree to share power with other communities and cut ties with al-Qaeda...