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Author: BobR    Date: 05/28/2008 12:27:24

After hearing the story on last night's Countdown, I was planning on writing about the McK-Street of Dreams, where it's All Lobbyists - All the Time. In case you missed that one, McCain's advisor on economic policy is Phill Gramm, who helped the mortgage companies create and then bail themselves out of the recent mortgage crisis:

Republican presidential candidate Sen. John McCain’s national campaign general co-chair was being paid by a Swiss bank to lobby Congress about the U.S. mortgage crisis at the same time he was advising McCain about his economic policy, federal records show.

“Countdown with Keith Olbermann” reported Tuesday night that lobbying disclosure forms, filed by the giant Swiss bank UBS, list McCain’s campaign co-chair, former Texas Sen. Phil Gramm, as a lobbyist dealing specifically with legislation regarding the mortgage crisis as recently as Dec. 31, 2007.

Gramm joined the bank in 2002 and had registered as a lobbyist by 2004. UBS filed paperwork deregistering Gramm on April 18 of this year. Gramm continues to serve as a UBS vice chairman.

News of Gramm’s involvement as a paid advocate for the banking industry, simultaneous with his unpaid work on McCain’s economic policies, comes as McCain’s campaign continues to reel from the purge of four other lobbyists. Two weeks ago, McCain banned lobbyists from advising him on the same subjects covered by their lobbying work.
....
When Gramm chaired the Senate Banking Committee, he wrote and passed deregulatory legislation in more than one industry, establishing himself as a pre-eminent foe of government regulation. McCain’s March 26 speech recommended further deregulation of the banking industry as his response to the mortgage crisis.
....
In 1999, Gramm successfully undid the Depression-era Glass-Steagall Act, removing the decades-old wall between commercial banking, which was heavily regulated, and investment banking, which was not. The Gramm-Leach-Bliley Act did not extend significant new regulation to investment banking.

This is huge. McCain has said that he knows little about the economy and his taking advice from this economic Typhoid Mary is proof of it...

Speaking of McCain: Another story bubbled to the surface yesterday (we're waiting for it to break open) regarding McCain's involvement with a SmearBoat group known as "Vets For Freedom" (as opposed to the other kind that are against freedom? ). As reported by Raine yesterday, there are several prominent people that are involved in his campaign that are also members of this 527 group, including:
Senators Lindsay Graham and Joe Lieberman, both campaign co-chairman, also both sit on the Vets for Freedom board of advisors. The group's executive director, Pete Hegseth, is on McCain's Virginia steering committee along with the group's treasurer, Wade Zirkle.

More information here... Is this even legal? Can a campaign that is subject to campaign finance laws share personnel that belong to a 527 that does NOT have campaign finance restrictions?

Speaking of the Iraq War: Bush actually tried to compare it to WWII:
"America has assumed this obligation before," Bush said in prepared remarks released by the White House. "After World War II we helped Germany and Japan build free societies and strong economies. These efforts took time and patience, and as a result Germany and Japan grew in freedom and prosperity and are now allies of the United States."

The result, Bush says, was "generations of security and peace" in the United States.

"Today we must do the same in Afghanistan and Iraq," he says in the prepared comments. "And by helping these young democracies grow in freedom and prosperity we will once again reap the benefits in generations of security and peace."

Today's wars aren't over yet. As reconstruction unfolds, the enemy keeps fighting — not national militaries but a complex mix of militias and terrorists in Iraq and Afghanistan.

Another difference: It remains in debate within the country whether the pre-emptive Iraq war has bolstered U.S. security or weakened it. Bush has expressed no doubts it was warranted.

This comes 2 months after Bush made his stupid comments about how the Iraq War is "Romantic", and he was envious of those fighting in it. This really bolsters the notion (okay - the reality) that he is a delusional idiot.

Speaking of delusional: When Cynthia McKinney was a House Rep, there were plenty of people that said the same thing about her. In reality, she was an "uppity" black woman who didn't "know her place" and spoke out against Bush when he was riding an undeserved wave of popular support in the early post 9/11 days. With the help of Republicans, she was drummed out of her seat in the GA primary (an open primary). I've met her and listened to her speak; she is intelligent, compassionate and passionate, driven, and actually cares about her country. That's why the Republicans hated her and the Dems were scared of her.

These traits are likely what has gotten her where she is today: She is the presumptive nominee for president for the Green Party. The party that Nader helped bring to national attention (and helped Gore lose in 2000) has welcomed her and hoisted her upon their shoulders. Will she do to the 2008 election what Nader did in 2000? I guess it depends on how disgruntled certain Dem voters will be if their candidate of choice is not selected as the Dem candidate. Obama supporters and Clinton supporters now have the opportunity to vote for a black AND a woman all in one. If they don't want to vote Dem, they'll have an option other than McCain.

This could get interesting.

205 comments (Latest Comment: 05/29/2008 04:07:08 by livingonli)
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Comment by m-hadley on 05/28/2008 12:40:22
Mornin' Everybody,

Excellent post BobR - I sat down after work last night and was dumbfounded by KO's report on Gramm. As for Cynthis McKinney - I hope against hope that all the Kyles of the country don't seriously consider voting for her - no matter how passionate and intelligent she may be - she cannot win - and a Dem win is a must for America if we are to survive as a nation that is founded on liberty and justice for all. Obama all the way :D

Cheers,

mfaye :hug:

Comment by Scoopster on 05/28/2008 12:52:44
So wait just a second here.. there's a possibility that the candidates for president might be:



Republican: John McCain

Democrat: Barack Obama or Hillary Clinton (just sayin.. a slim chance)

Libertarian: Bob Barr

Green: Cynthia McKinney

Independent: Ralph Nader



What the hell.. when did the minor parties get infested with the same junk that has plagued the two mainstream parties?!

Comment by Scoopster on 05/28/2008 12:56:14
I'm gonna vote for THIS DUDE!



:rofl:

Comment by Scoopster on 05/28/2008 12:59:05
Just kiddin'.. actually the candidate of The Socialist Party USA looks interesting..

Comment by Raine on 05/28/2008 13:02:55
Good morning everyone! having a nice cup of coffee with some of the soy milk that mz margaret left behind, and I must say, it is very good!

Comment by Raine on 05/28/2008 13:02:56
Good morning everyone! having a nice cup of coffee with some of the soy milk that mz margaret left behind, and I must say, it is very good!

Comment by clintster on 05/28/2008 13:06:50
Morning guys. Is it okay if I hang out here this AM? I just don't know how much more I can take of liveblarging with the Three Stooges.

Comment by m-hadley on 05/28/2008 13:08:57
BobR,

I must take exception to your comparison of Stone with Hagee and Falwell. I do believe in Karma as in what goes around comes around. I don't think it is the same thing at all, although I'm not sure that I would blame natural disasters on manmade events or vice versa. I'm just sayin'

Cheers,

mfaye :D



Comment by Random on 05/28/2008 13:09:33
I can say, that Hillary clinton has a better chance of being the Nader of 2008. (probably by pulling a Lieberman type stunt).

Comment by Raine on 05/28/2008 13:12:02
Puffy McMoonface will be on KO next week too!

Comment by Raine on 05/28/2008 13:12:56
Quote by clintster:

Morning guys. Is it okay if I hang out here this AM? I just don't know how much more I can take of liveblarging with the Three Stooges.
of course! good morning !



Comment by clintster on 05/28/2008 13:14:08
OK, someone needs to play the Peter Brady/Puffy McMoonface mashup.



Tel AvIV!!!

Comment by Scoopster on 05/28/2008 13:16:34
Quote by clintster:

Morning guys. Is it okay if I hang out here this AM? I just don't know how much more I can take of liveblarging with the Three Stooges.


This morning, and as many more as you can manage! :coffee:

Comment by clintster on 05/28/2008 13:16:56
Quote by Raine:

Quote by clintster:

Morning guys. Is it okay if I hang out here this AM? I just don't know how much more I can take of liveblarging with the Three Stooges.
of course! good morning !





Thankees! Thank God someone recorded Jim's appearance on "According to Jim", especially I tuned in to watch and WSB was running the OCD fearmongering special.

Comment by Random on 05/28/2008 13:17:44
Quote by Scoopster:

Quote by clintster:

Morning guys. Is it okay if I hang out here this AM? I just don't know how much more I can take of liveblarging with the Three Stooges.


This morning, and as many more as you can manage! :coffee:


you forgot Shemp, the new stooge.

Comment by Raine on 05/28/2008 13:17:46
Quote by Random:

I can say, that Hillary clinton has a better chance of being the Nader of 2008. (probably by pulling a Lieberman type stunt).
I don't think she can get here name on all the state ballots.



Most states have a filing deadline and a pretty strict set of rules to get your name on.



Comment by BobR on 05/28/2008 13:18:13
Quote by m-hadley:

BobR,

I must take exception to your comparison of Stone with Hagee and Falwell. I do believe in Karma as in what goes around comes around. I don't think it is the same thing at all, although I'm not sure that I would blame natural disasters on manmade events or vice versa. I'm just sayin'

Cheers,

mfaye :D



Feel free to disagree.



Keep in mind though that it's the political/military leaders of China that are the cause of all the grief in Tibet, not the poor common folk most affected by the quake.



I also don't think that plate tectonics are related to karma in any way. It's a matter of geography. A more appropriate karma "response" would be the people rising up and throwing the bums out of office, or the leaders being poisoned from drinking contaminated water (because they allowed the contamination to occur), etc.



In a larger sense, I was comparing the "they are being punished for their wickedness" meme, whether it's by God or by the universe. I think it's a bad idea to assume one's self is that knowledgeable as to those finer details



Comment by Raine on 05/28/2008 13:19:13
Quote by clintster:

Quote by Raine:

Quote by clintster:

Morning guys. Is it okay if I hang out here this AM? I just don't know how much more I can take of liveblarging with the Three Stooges.
of course! good morning !





Thankees! Thank God someone recorded Jim's appearance on "According to Jim", especially I tuned in to watch and WSB was running the OCD fearmongering special.
oh... I so rarely watch network TV. We watched KO...



Comment by Random on 05/28/2008 13:21:06
Quote by Raine:

Quote by Random:

I can say, that Hillary clinton has a better chance of being the Nader of 2008. (probably by pulling a Lieberman type stunt).
I don't think she can get here name on all the state ballots.



Most states have a filing deadline and a pretty strict set of rules to get your name on.



Doesn't mean she won't try. She may just do it to sabatoge Obama, spite...course, I'm a "Branch Obamacan" (stealing Clay's chant)

Comment by clintster on 05/28/2008 13:22:10
Quote by Raine:

Quote by clintster:

Quote by Raine:

Quote by clintster:

Morning guys. Is it okay if I hang out here this AM? I just don't know how much more I can take of liveblarging with the Three Stooges.
of course! good morning !





Thankees! Thank God someone recorded Jim's appearance on "According to Jim", especially I tuned in to watch and WSB was running the OCD fearmongering special.
oh... I so rarely watch network TV. We watched KO...





Oh, I wish we had cable so's I can watch The Keith! I have to be satisfied with coverage on C&L. Maybe if this teaching job comes through.



Comment by BobR on 05/28/2008 13:22:47
Quote by Random:



Doesn't mean she won't try. She may just do it to sabatoge Obama, spite...course, I'm a "Branch Obamacan" (stealing Clay's chant)


I don't see that happening. She's too invested in the Dem power structure.

Comment by Random on 05/28/2008 13:23:56
Quote by BobR:

Quote by Random:



Doesn't mean she won't try. She may just do it to sabatoge Obama, spite...course, I'm a "Branch Obamacan" (stealing Clay's chant)


I don't see that happening. She's too invested in the Dem power structure.


I know...just a thought.

Comment by clintster on 05/28/2008 13:25:47
Thompson Twins!! It's like every high school dance I went to in the 80s!

Comment by m-hadley on 05/28/2008 13:26:17
Quote by BobR:

Quote by m-hadley:

BobR,

I must take exception to your comparison of Stone with Hagee and Falwell. I do believe in Karma as in what goes around comes around. I don't think it is the same thing at all, although I'm not sure that I would blame natural disasters on manmade events or vice versa. I'm just sayin'

Cheers,

mfaye :D



Feel free to disagree.



Keep in mind though that it's the political/military leaders of China that are the cause of all the grief in Tibet, not the poor common folk most affected by the quake.



I also don't think that plate tectonics are related to karma in any way. It's a matter of geography. A more appropriate karma "response" would be the people rising up and throwing the bums out of office, or the leaders being poisoned from drinking contaminated water (because they allowed the contamination to occur), etc.



In a larger sense, I was comparing the "they are being punished for their wickedness" meme, whether it's by God or by the universe. I think it's a bad idea to assume one's self is that knowledgeable as to those finer details





BobR,

My coffee has not kicked in yet, you make some good points about who is getting their respective butts kicked - I agree that the earthquake had little impact on those who are causing the grief in Tibet. Just another reason why I like this blog so much, through discussion my eyes are opened wider and I can see more and better :D

Thanks.

Cheers,

mfaye :hug:



Comment by Raine on 05/28/2008 13:28:22
:xfingers: Clinster!



Random, I do agree with you about her trying. There is right now, I think it is going to happen today a lawsuit that will be heard in Florida regarding the delegates... YES, a lawsuit... after watching *Recount* last night it makes it all more appalling to me.



if the suit goes the way of the plaintiffs, it will make the DNC rulles committee this weekend rather moot.

Comment by clintster on 05/28/2008 13:28:24
If I get any kind of O'Reilly crap for Father's Day, I may have to...





Comment by Raine on 05/28/2008 13:29:47
Quote by clintster:

Thompson Twins!! It's like every high school dance I went to in the 80s!


I suffer from Earworms, thanks to the SMS show. Actually, everyone around me does... :P



Comment by m-hadley on 05/28/2008 13:29:53
BTB, I'm on the ref desk this morning, so I can't stream Steph and the Mooks. Let me know if she reads a letter from Lurlene (I sent one in :D) Thanks mucho.

Cheers,

mfaye

Comment by Will in Chicago on 05/28/2008 13:31:31
Good morning, bloggers!



Excellent entry, BobR. McCain is no more of a maverick than I am a hobbit.



The UNN Daily Headlines are up for those who want to check them out.



By the way, a Bush ally is in big trouble.



Barak tells Olmert: Quit or face elections



By Ofra Edelman and Tomer Zarchin, Haaretz Correspondents, and Agencies

Tags: Ehud Barak, Morris Talansky



Defense Minister Ehud Barak on Wednesday called on Prime Minister Ehud Olmert to leave his post or prepare for early elections, saying he did not believe the premier was capable of simultaneously leading the country and dealing with his personal matters.



The call comes a day after Jewish American businessman Morris Talansky told a preliminary hearing at Jerusalem Magistrates Court on Tuesday that he gave Olmert $150,000 over a period of 15 years. The testimony is part of an investigation into Olmert, who is suspected of illegally receiving hundreds of thousands of dollars from Talansky.



"I do not think the prime minister can run, in parallel, the government and deal with his own personal affair," Barak told a news conference at the Knesset press room in Jerusalem on Wednesday.



"Therefore, out of a sense of what is good for the country and in accordance with the proper norms, I think the prime minister must disconnect himself from the daily running of the government.







Hmm, so I wonder if we will see BARACK Obama and Ehud BARAK meet next year if both gain the leadership of their respective countries. Hmm, Barack meets Barak.

Comment by Raine on 05/28/2008 13:33:47
My concern about the SMS blog is that once we get to the GE, those trolls there now will look like small time.



And for those that do not have the KO, here is the KO segment regarding Phill Gramm:









Comment by Random on 05/28/2008 13:35:39
Quote by Raine:

:xfingers: Clinster!



Random, I do agree with you about her trying. There is right now, I think it is going to happen today a lawsuit that will be heard in Florida regarding the delegates... YES, a lawsuit... after watching *Recount* last night it makes it all more appalling to me.



if the suit goes the way of the plaintiffs, it will make the DNC rulles committee this weekend rather moot.


It's sad that we'd destroy structure and rules, just to win. And the B.S. that goes with it.

This new talking point about the Obama Great-Uncle mistake is kind of lame.



Comment by Raine on 05/28/2008 13:38:43
Comment by clintster on 05/28/2008 13:48:15
I am amazed at the Stooges' continuous circus act at the liveblog. It's the same every day:



1) Insult Obama

2) Insult Steph and the Mooks

3) Act defensive when called out on it

4) ???

5) Profit



Lather, rinse, repeat



I've tried changing the subject, I've tried engaging them on a non-confrontational level, but it seems they're determined to just pee in everybody's Cheerios.

Comment by Raine on 05/28/2008 13:48:15
For those that are lurking... hello!



:poke: :star:ling,



I know I missed a few people...

Comment by m-hadley on 05/28/2008 13:49:29
Quote by Raine:

My concern about the SMS blog is that once we get to the GE, those trolls there now will look like small time.



And for those that do not have the KO, here is the KO segment regarding Phill Gramm:











I had to bag the SMS Live Blog this morning, 'cause I was called a troll by ultimate troll-his-own-self Clay (takes one to know one - if it's got me saying such juvenile things - it's time to go, me thinks

Cheers,

mfaye



Comment by Raine on 05/28/2008 13:51:08
They are trolls pure and simple. I refuse to engage them. I like so many people's comments over there, but when one or 2 people are pissing in the cornflakes, it just isn't fun.



I mean it is fine to disagree about things... but insults, strawmanning and using red herring are NOT the way to debate and communicate.



They would not last long at all here, THAT I can promise.

Comment by clintster on 05/28/2008 13:53:24
Quote by Raine:

They are trolls pure and simple. I refuse to engage them. I like so many people's comments over there, but when one or 2 people are pissing in the cornflakes, it just isn't fun.



I mean it is fine to disagree about things... but insults, strawmanning and using red herring are NOT the way to debate and communicate.



They would not last long at all here, THAT I can promise.




And for that I am eternally thankful!





Comment by wickedpam on 05/28/2008 13:55:03
Morning all :hug:

Comment by m-hadley on 05/28/2008 13:56:13
Quote by clintster:

I am amazed at the Stooges' continuous circus act at the liveblog. It's the same every day:



1) Insult Obama

2) Insult Steph and the Mooks

3) Act defensive when called out on it

4) ???

5) Profit



Lather, rinse, repeat



I've tried changing the subject, I've tried engaging them on a non-confrontational level, but it seems they're determined to just pee in everybody's Cheerios.


Clintster,

I mean no offense by this inquiry, but what the hell is your symbol supposed to be? A bunny with a coolie hat? A hamster that morphed with a mushroom? Please enlighten me - thanks mucho :D

Cheers,

mfaye



Comment by Random on 05/28/2008 13:57:31
Quote by clintster:

Quote by Raine:

They are trolls pure and simple. I refuse to engage them. I like so many people's comments over there, but when one or 2 people are pissing in the cornflakes, it just isn't fun.



I mean it is fine to disagree about things... but insults, strawmanning and using red herring are NOT the way to debate and communicate.



They would not last long at all here, THAT I can promise.




And for that I am eternally thankful!





does our lovely home have an eject button?

Comment by clintster on 05/28/2008 13:58:02
Mornin' Pam!



Yeah, it's always a good move to drop your pants in court and ask for sexual favours!

Comment by wickedpam on 05/28/2008 13:58:48
Quote by m-hadley:

Quote by clintster:

I am amazed at the Stooges' continuous circus act at the liveblog. It's the same every day:



1) Insult Obama

2) Insult Steph and the Mooks

3) Act defensive when called out on it

4) ???

5) Profit



Lather, rinse, repeat



I've tried changing the subject, I've tried engaging them on a non-confrontational level, but it seems they're determined to just pee in everybody's Cheerios.


Clintster,

I mean no offense by this inquiry, but what the hell is your symbol supposed to be? A bunny with a coolie hat? A hamster that morphed with a mushroom? Please enlighten me - thanks mucho :D

Cheers,

mfaye





That is Oolong our favorite bunny :D

Comment by livingonli on 05/28/2008 13:59:06
Good morning all.



I caught the 2 AM Keith Olbermann after getting home last night. Phil Gramm talks about the wonder of the free market system when he rigs the game so that it makes him and his cronies rich while screwing everyone else.



As someone who's become downwardly mobile under the Bush Administration, I am bitter indeed.

Comment by wickedpam on 05/28/2008 13:59:25
Quote by clintster:

Mornin' Pam!



Yeah, it's always a good move to drop your pants in court and ask for sexual favours!




wow! that was a nonsequitar! :o



Comment by Raine on 05/28/2008 13:59:25
Faye, that is oolong the rabbit!





WE call it pancake punny, You can read about Oolong here.









Comment by clintster on 05/28/2008 14:00:39
Quote by m-hadley:

Quote by clintster:

I am amazed at the Stooges' continuous circus act at the liveblog. It's the same every day:



1) Insult Obama

2) Insult Steph and the Mooks

3) Act defensive when called out on it

4) ???

5) Profit



Lather, rinse, repeat



I've tried changing the subject, I've tried engaging them on a non-confrontational level, but it seems they're determined to just pee in everybody's Cheerios.


Clintster,

I mean no offense by this inquiry, but what the hell is your symbol supposed to be? A bunny with a coolie hat? A hamster that morphed with a mushroom? Please enlighten me - thanks mucho :D

Cheers,

mfaye





Faye, it's a bunny with a pancake on its head. It's based on the picture seen here:



http://heresabunnywithapancakeonitshead.com/



Comment by Raine on 05/28/2008 14:00:53
http://user.it.uu.se/~erikb/images/oolong.jpg


Comment by wickedpam on 05/28/2008 14:01:05