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Nightowl Newswrap

by: BG & YD bring you the news

Mon Oct 05, 2009 at 23:15:00 PM CDT

| More


Robert Farley reviews the new Rumsfeld bio and concludes that in peacetime he would have been one of the best secdefs ever, but because of 9-11, Iraq and Afghanistan, he's unquestionably the worst.

SEK crunches the numbers for Michael Moore's new film and finds that just like their fellow travelers, facts, the communistic little digits have a confirmed liberal bias.  

Forget Iran; the immediate danger is still in Pakistan. "The United Nations shut all its offices Monday in Pakistan after a suicide bomber managed to breach security at one of its buildings, killing five workers and wounding several others, officials and witnesses said. The bomber was thought to be disguised as a paramilitary soldier."

The perfect costume to drive your crazy conservatard Uncle Earl to apoplectic fits. Just imagine the look on his face when he opens the door of his doublewide and your little cherub is smiling up at him...dressed up as an ACORN!

Michael Steele's echolalia is flaring up again and he might have trouble finding a physician to treat it after his latest outburst dissing doctors, specifically members of the AMA, on Fox & Friends this morning.  "The AMA is--does not have the credibility on this health care issue, as they would like to project," he told the echo-chamber as he tried to downplay the organizations influence and support for the various pieces of healthcare legislation moving through the legislative branch. But if Steele is involved, you know the fuck-up is epic, and this is no exception. While he was trashing the AMA and the doctors who comprise it's membership, the RNC was holding a conference call crowing that the republicans had the support of former AMA President Donald Palmisano.

Ohio suspends two executions while lethal injection protocols are reviewed  Governor Ted Strickland has delayed two upcoming executions after one condemned man was temporarily spared after a suitable vein to deliver the lethal cocktail could not be found.  Strickland ordered the reprieves Monday. One of the men who was reprieved by the decision was scheduled to die on Thursday.

Jay Nixon continues to disappoint Of six Democratic chief executives who failed to sign on to a letter circulated by Harry Reid's office imploring federal lawmakers to pass health care reform this year.  Does Jay think that the people poisoned by e coli at the Lake of the Ozarks after his office buried findings until after Memorial Day weekend so the news wouldn't cost tourist dollars have no need for healthcare? For someone who ran for four years on the simple platform of "I am not Matt Blunt" he sure has done a lot of objectionable things that are more in keeping with what we had come to expect from that peckerwood.

Mikey got a talkin' to! Michael Steele was summoned to the offices of his betters and reminded that he has a very limited role in the GOP - he is thehouse negro and nothing more - and if he wants to keep it, he better remember his place and stop flappin' his ample lips and yammering on about protecting Medicare.  

Apple becomes the latest corporation to quit the Chamber of Commerce over the Chamber's denial of climate change and fighting against legislation that is meant to curb greenhouse gas emissions.

Ten more great moments in Huckabee's extremism John Perr has done some outstanding yoeman's word in chronicling the outrageous and ridiculous idiotic shit that squirrel-eatin' douchebag has spewed.

There's affirmative action, then there's affirmative action.  Sonya's no silent Clarence.  "A recast Supreme Court kicked off its new season Monday, with novice Justice Sonia Sotomayor immediately taking center stage. In just an hour, the court's newest justice asked more questions than Justice Clarence Thomas has asked over the course of several years. Sotomayor's aggressive role in a Fifth Amendment case, in turn, underscored how she could put her own stamp on a court whose 2009-2010 docket is still taking shape."

Awfully damn late, but still welcome. 'Black and Latino groups said Monday that they'd begin an ad campaign aimed at urging swing state lawmakers in Congress to back overhauling health care. Experts warned that mobilizing those communities will be difficult, but Deepak Bhargava, the executive director of the Center for Community Change, which specializes in mobilizing grass-roots campaigns, countered, "If Congress fails to deliver a robust public option that most Americans want, it's communities of color that have the most to lose." '

Flexing long-atropied muscles.  "Federal safety regulators are launching a national program aimed at catching companies that hide workplace injuries. The program will send inspectors into more plants to scrutinize injury records and talk to workers. It will target companies in dangerous industries that report unusually low injury rates."

It was a good idea 30 years ago and it still is.  "President Barack Obama on Monday ordered the federal government -- the nation's largest energy user -- to cut its greenhouse gas emissions and to reduce its impact on the environment. The president's executive order also requires all agencies to conserve water, reduce waste and use the government's enormous purchasing power to buy more environmentally sound products. Once the changes in place, they could touch everything from the kinds of vehicles in federal fleets to the use of recycled paper and non-plastic utensils in government cafeterias."

Meanwhile, Big Coal is still killing the messenger. "Environmentalists' campaigns against strip mining and heat-trapping gases from coal-fired power plants have been so successful in swaying public opinion recently that the coal industry has started to take a more aggressive, visible approach to protect its interests, Kentucky activists say. New coal industry-sponsored groups are sponsoring charitable efforts, concerts and rallies, and distributing stickers, T-shirts and license plates across the region."

She says that like it's a bad thing Michele Bachmann, far and away the batshit-craziest member of the republican caucus, was on Fox News Radio today offering her take on how Nancy Pelosi will get blue-dog DINOs to vote for tyranny healthcare reform: She will "bludgeon them to death."  Can we suggest she put their battered bodies on public display as a warning to others who think about getting out of line and taking bribes from big pharma and insurance companies while the people who vote them into office suffer for the sake of corporate balance sheets?  

Simmons, hollowed out by predacious corporatists, is bankrupt but still making money for the soulless kleptomaniacs who drove the company into the ground, put thousands of people out of work and devastated their pensions.  

You just knew something like this would happen eventually Some conservatives have decided that the bible is just too damned liberal and have started The Conservative Bible Project. Presumably that DFH Jesus will be scrubbed from the pages, lepers will be denied miracles because they have preexisting conditions, the commandment about coveting the ass of thy neighbors wife will be nixed and the parable of the loaves and fishes will become an infomercial on fast-food franchising opportunities.

Hey, no problem We have no problem with bloggers having to disclose when they receive payment and other perks for writing reviews and touting products.  But if we are going to fall under those guidelines for journalists we ought to be protected by shield laws, too. Instead, we are specifically exempted.

What'll ya bet that the histrionic liar Betsy McCaughey gets treated like she is every bit as credible as Representative Weiner at this DLC shindig moderated by Ben Smith of The Politico.

And speaking of McCaughey...The National Review New Republic* remains pissed off at her for using their pages to tell the lies that killed reform in the 90s. Based on the tone of this piece, I don't think they'll be getting over it any time soon.

The Banality of Evil Neal Conan and David Folkenflick twisted themselves into pretzels on today's show making false equivalencies about extreme rhetoric, insisting "both sides do it."  Because hey, tea baggers outside presidential appearances brandishing assault weapons is exactly the same thing as having Gold Star Mothers arrested for wearing t-shirts critical of the previous administration. And to prove how fair they are, they had Jonah "doughy pantload" Goldberg on to trash liberals, with no liberal counterpart to point out that his ridiculous book Liberal Fascism is a word salad of nonsense.  I don't know what the hell those two are, but if they ever deign to call themselves journalists, Edward R. Murrow ought to get up out of his grave and choke the life out of both their worthless asses.  


*Thanks Rachel Q for pointing out the error I have made consistently my entire adult life. I count on you guys to set me right when I screw up like that. --BG

BG & YD bring you the news :: Nightowl Newswrap
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Nightowl Newswrap | 8 comments
LBO(s) Killed Simmons (4.00 / 1)
In the law of corporations the duty of the officers and directors of a stock (for profit) company is to the shareholders who own the company.  Simmons was "bought" by "private equity firms" (these are the same entities as those that we saw in the 1980s like KKR - firms that specialized in leveraged buy outs) who eliminated the stock and saddled the company with the cost of buying the company's stock back from its shareholders (usually a great deal for the shareholders in the first buyout - because they get to sell their shares to the acquiring entity at a premium over the current trading price).

What happens is that the company now has a duty to make its private owners happy - and since the officers and directors now dance to the tune of the new owners, taking on debt and passing the borrowed money on to the new owners is the name of the game.  Essentially, the new owners are like the girlfriend/boyfriend who has you apply for 20 new credit cards and then they max them all out and drop you like a rock when the debt load is too great for your salary to make the minimums on those cards.

This is the heart of the Leveraged Buy Out - an acquiring entity borrows the money to buy your company's stock and then tells the company to pay for itself by assuming the debt created in buying the company.  In doing this, the profitable company finds itself having to meet the ordinary costs of running the company and servicing debt at a level equal to or greater than the actual market value of the company!

Under Reagan and Bush 41 we saw massive numbers of LBOs - all of which were directly responsible for the systematic layoffs and bankruptcies of inherently profitable businesses.  PanAm Airlines, Sunbeam and thousands of other major companies were destroyed - while every dime in the companies was wrung out for the benefit of the takeover artists,  

With the Bush cash infusion into the market this time last year, more and more of these LBOs took place with our rescue dollars footing the bill.  We are now reaping the seeds of our own destruction.  The USA will become a 3rd world nation if we allow these takeover artists to plunder our nation's businesses - destroying families, communities, and, eventually, the nation.  

How many new financial regulations have passed since last year's meltdown?  None.  

Will the Supreme Court allow this ?  You betcha!  The expansion of "corporate rights" is first on their platter this term.  Put simply, more concentration of wealth is the goal (John Roberts used to make over $2,000,000.00/yr as a lawyer - as Chief Justice of the Supreme Court he makes $217,400.00/yr - nearly a 90% cut in pay.  Who would do such a thing in their mid 50's?  You have to ask, qui bono - who benefits?  The corporations that paid John Roberts' salary are the same as those appearing in the Court today.  John is a corporate man, through and through...).

See Michael Moore''s new film for a more comprehensive explanation.

"In the part of this universe that we know there is great injustice, and often the good suffer, and often the wicked prosper, and one hardly knows which of those is the more annoying."

- Bertrand Russell -


Which is (4.00 / 1)
worse? The system put in place by Reagan & Bush(43) or the Democratic Congress that has refused to fix this travesty.

When is Congress and the President going to awaken?  When they do they'll find that the only 'money' left to tax is 'great wealth' ... that entity, by custom, removed from the tax rolls - family trusts.  As soon as that happens ... Dems will be toast in the streets.

The time has come to begin piercing corporate veils to recover the wealth plundered from some of these companies. Look at the ash piles they've left behind:  Yale Lift Trucks, Heil-Quaker, Simmons, York, Chrysler, I'ntl Harvester, Ford Tractors, New Idea Implements, Moline Machine, Continental-Emsco, Bucyrus-Erie, Times-Mirror Company, Chicago Tribune, Wrigley Gum, Bethlehem Steel, LTV, ArmCo Steel, Jones & Laughlin, General Motors and others.  Just look at the old Dow-Jones Index of Transportation Stocks, Utilities and Industrial Stocks in 1981 and compare it to today's.

It's time to make an issue of this obsene wealth gained unethically by the labor of others from the wealth of more 'others' at the expense of the labor of real Americans!
.


[ Parent ]
Don't forget our last "good" republican president (0.00 / 0)
It was on Bill Clinton's watch the the telecommunications act passed allowing ma bell to reform into one big AT&T again and the Gramm-Leach_Bliley act was passed (in a late night ad-on to an omnibus spending bill) in 1999.

Even Jimmy Carter allowed the HMOs to expand.  

Thanks for the list of dead corporate entities.  There are tens of thousands of others and the LBO only works to make money for the takeover artists where the underlying company is successful - at least as of the first LBO.  This has caused a race to the bottom - cut every dime and position and keep the business just barely above water - or, alternately - have the employees and management as majority shareholders (see, Southwest Airlines).  

Meanwhile, Connecticut-based private equity firm Brynwood Partners has finally beaten the union workers at the NYC Stella D'oro cookie factories and have closed the NYC  factories - through their LBO raid on their cookie jar.

After Brynwood bought Stella D'oro from Kraft Foods in 2006, it demanded sharp cuts in wages and benefits. Union workers went on strike in August 2008.

The strike ended in July [2009] when a National Labor Relations Board judge ruled Brynwood had negotiated in bad faith with Local 50 and ordered it to pay lost wages and benefits. Brynwood then said it would have to sell the firm.

Read more: http://www.nydailynews.com/rea...

"In the part of this universe that we know there is great injustice, and often the good suffer, and often the wicked prosper, and one hardly knows which of those is the more annoying."

- Bertrand Russell -


[ Parent ]
The bible is just too damned liberal (0.00 / 0)
Not my favorite book: Leviticus.  

"In the part of this universe that we know there is great injustice, and often the good suffer, and often the wicked prosper, and one hardly knows which of those is the more annoying."

- Bertrand Russell -


TNR (0.00 / 0)
The McCaughey article is in The New Republic (TNR), not National Review (NR). If I were at TNR I'd feel pretty insulted. :)

Oh crap... (0.00 / 0)
I did it again. Boy is my face red...

Thanks!  

When you get raptured, can I have your car?


Hey, they deserve a few insults (0.00 / 0)
for publishing the original piece in the 90s.

[ Parent ]
I couldn't get past your first comment. Farley's an idiot. (0.00 / 0)
To judge a "secdef" successful in peacetime by the idea that he would stand up against the military is ridiculous.

On every other point Farley agrees that Rumsfeld was out of touch with reality, incapable in military judgement, unable to be self-critical, and was over-ambitious in empire building.

All of which, in peace time, would have led to an incapable and unbalanced military built on his misconceptions, unready for the unforseen.

This isn't speculation. We can see his record stretched over years. First, forcing on the military a too small conception of war. Then sustaining his own beliefs in the face of incontronvertible facts tumbling one after the other, day afer day, year after year.

The man's a blundering idiot who cost this country and those he invaded thousands, even tens of thousands of deaths, tens of thousands of horrific injuries, displaced millions, trillions of dollars wasted that could have been better spent, dragged in most of NATO against their better judgement, and perverted other governments by dragging them into their own lies at the outset of this abomination.

If there were a hell, he, Bush and Cheney, along with their apocalyptic horsemen would all surely burn to the end of time.

There's nothing that can forgive such hubris, ignorance and pride.


Nightowl Newswrap | 8 comments
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