Inspire Political Discourse

TRANSCRIPT: President Obama on the Deepwater Horizon Oil Spill – May 27, 2010

An excellent conference with the President taking full responsibility for the response to, and clean up of, the worst environmental disaster in U.S. history.

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THE WHITE HOUSE, WASHINGTON, D.C.

12:50 P.M. EDT, THURSDAY, MAY 27, 2010

PRESIDENT OBAMA: Good afternoon, everybody.

Before I take your questions, I want to update the American people on the status of the BP oil spill, a catastrophe that is causing tremendous hardship in the Gulf Coast, damaging a precious ecosystem, and one that led to the death of 11 workers who lost their lives in the initial explosion.

Yesterday the federal government gave BP approval to move forward with a procedure known as a top kill, to try to stop the leak. This involves plugging the well with densely packed mud to prevent any more oil from escaping. And given the complexity of this procedure and the depth of the leak, this procedure offers no guarantee of success; but we're exploring any reasonable strategies to try and save the Gulf from a spill that may otherwise last until the relief wells are finished, and that's a process that could take months.

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SB1070 Palin Again Defending What Was Wrought "We’re all Arizonians"

On Saturday, Palin spoke at a news conference with Gov. Jan Brewer [R-AZ] in an effort to discourage the growing boycott of Arizona due to SB1070, the immigration law enacted in Arizona earlier this month.

Palin defended the law by declaring President Obama responsible for the lack of secure borders, said lack "forcing" Arizona to take action to defend itself and secure it's own borders.

We're all Arizonans now. And in clear unison we say, 'Mr. President: Do your job. Secure our border”.

Okay, so here are a few FACTS for Ms. Palin:

  The crime rate in border towns has not increased for a number of years.

John McCain Loves the US Chamber of Commerce

Did John McCain used to be a decent man, or was he always just a sleezy politician doing and saying what would get him re-elected? I vote for option no. 2. Via Think Progress:

Today, while the Senate continued to debate Wall Street reform, Sen. John McCain (R-AZ) ventured south of the Capitol to a fundraiser hosted by the U.S. Chamber of Commerce. Years ago, when McCain still considered himself a “maverick,” McCain and the Chamber clashed bitterly as McCain voted against the Bush tax cuts and pushed for campaign finance reform to rein in corporate power over elections.

ThinkProgress approached McCain as he walked to the fundraiser from his car. Asked if he supports new campaign finance reforms, McCain said no, and said that Rep. Chris Van Hollen’s (D-MD) bill does not include disclosure requirements for unions. In fact, the DISCLOSE Act would force ads funded by unions to reveal the same information as ads funded by corporations. Asked why he was attending a fundraiser hosted by the organization that helped kill his own campaign finance reforms, McCain flashed ThinkProgress a thumbs up and yelled that he “love[s] the Chamber of Commerce”:

The perils of selling yourself to the highest bidder.

Dodd Excoriates GOP for Obstructionism on Financial Reform Bill

Via Think Progress

Despite months of bipartisan negotiation and promises of cooperation, Republicans recently threatened to filibuster the bill. A visibly angry Dodd took to the Senate floor today to condemn the GOP’s obstructionism, calling out their “very false talking points” and warning them that they will have to explain to Americans, “I’m sorry but we’re not on your side:”

DODD: A letter from the Minority Leader said we’ve got 41 votes here to stop you from even debating this bill. Well, you explain that to the American taxpayer, to the small business, to the American family, and to others out there who are paying an awful price because the the mess that the very institutions who are today leading the charge against us getting a bill. Explain to them why the status quo is in their interest and their benefit. Mr. President, those who vote to block this bill will be sending a clear message to American families, businesses, community bankers and tax payers and that message will be, I’m sorry but we are not on your side. We are choosing another side of this equation.

Last month, my good friend the Minority Leader and the Republican senator responsible for campaign fundraising participated in meeting in New York with Wall Street executives. … Comes back right afterwards and we get all of a sudden, we get this rhetoric about too big to fail and we can’t possibly go to this bill. Don’t tell me that miraculously, these things happen and all of sudden we find ourselves with 41 senators [opposed to this bill].

Too Many Wall Street Shills ...

McConnell (R-Ky) managed to get 41 GOP senators to vote against even DEBATING the financial reform bill. This, after his private meeting with Sen. Cornyn and a group of 25 Wall Street executives, most of them hedge fund managers, a week earlier.

As a financial reform bill starts to take shape in Washington, two key lawmakers came to New York City last week to explain what it means for Wall Street, and how financial executives might help prevent some of its least market-friendly aspects from becoming law by electing more Republicans, FOX Business Network has learned.

About 25 Wall Street executives, many of them hedge fund managers, sat down for a private meeting Thursday afternoon with two of the most powerful Republican lawmakers in Congress: Senate minority leader Mitch McConnell of Kentucky, and John Cornyn, the senior senator from Texas who runs the National Republican Senatorial Committee, one of the primary fundraising arms of the Republican Party.

The undercurrent of the gathering, however, was undeniably political. [......]

It was revealed earlier in the week that McConnell's talking points came directly from a memo created by GOP pollster, Frank Luntz, and are nearly all completely false.

McConnell's hometown paper published a scathing editorial titled "McConnell to big banks' rescue". The Lexington Herald-Leader accuses McConnell of  pandering to Wall Street executives ,as well as his repetition of the false talking points created by Luntz. 

Jon Stewart tells Fox News to F—k themselves

The salient bit begins at 5:10. Prior to that, Wyatt Cenac does a hilarious segment at a Tea Party rally. Enjoy!

The Daily Show With Jon Stewart	Mon - Thurs 11p / 10c
Tea America
www.thedailyshow.com
Daily Show Full Episodes Political Humor Tea Party

President Obama Calls Out Mitch McConnell

In his weekly remarks, President Obama accused Mitch McConnell of lying. You GO, Mr. President! 

Now, unsurprisingly, these reforms have not exactly been welcomed by the people who profit from the status quo – as well their allies in Washington.  This is probably why the special interests have spent a lot of time and money lobbying to kill or weaken the bill.  Just the other day, in fact, the Leader of the Senate Republicans and the Chair of the Republican Senate campaign committee met with two dozen top Wall Street executives to talk about how to block progress on this issue.

Lo and behold, when he returned to Washington, the Senate Republican Leader came out against the common-sense reforms we’ve proposed.  In doing so, he made the cynical and deceptive assertion that reform would somehow enable future bailouts – when he knows that it would do just the opposite.  Every day we don’t act, the same system that led to bailouts remains in place – with the exact same loopholes and the exact same liabilities.  And if we don’t change what led to the crisis, we’ll doom ourselves to repeat it.  That’s the truth.  Opposing reform will leave taxpayers on the hook if a crisis like this ever happens again.

Read the entirety of his remarks, or view the video. For more on this still developing situation , I filed my posts under the categories Mitch McConnell and Financial Reform.

Scott Brown Announces Payback to Wall Street

Scott Brown (R-MA), elected in January to fill Ted Kennedy’s seat in the Senate, after a campaign largely financed by Wall Street, is now “returning the favor”. But of course.

As the Senate prepares to take up Sen. Chris Dodd’s (D-CT) financial regulatory reform bill, Brown said “in his strongest statement yet” that he “can’t support it.” While Brown said he is still “open” to working on a bipartisan bill, he seemed befuddled when asked how the bill could win his support: [……]

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Bachmann Hopes Obama Policies Fail

Good grief, she is such an all-American wingnut. Well, at least the wingnut part is true. Via Think Progress.

Before President Obama took office in January 2009 in the midst of an economic crisis, Rush Limbaugh was rooting for his failure, declaring “I hope Obama fails.” Though some GOP leaders claimed that “no one wants” Obama “to fail,” Limbaugh’s comments were endorsed by many leading conservatives. In an interview with radio host Scott Hennen yesterday, Rep. Michele Bachmann (R-MN) said that conservatives were hoping “that President Obama’s policies don’t succeed”:
          HENNEN: I’m proudly accepting that label of rooting for failure for his policies, not for any one personal individual or anything else, but, I mean, should we, is that what Republicans are doing? Are we rooting for failure? Is David Axelrod right?
          BACHMANN: We’re, we’re, we’re hoping that President Obama’s policies don’t succeed, exactly as you said.

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Best Political Cartoon of the Week

Via Time Magazine

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VIDEO: Jon Stewart Schools the Fox News Channel Nitwits on Nuclear Policy

Jon Stewart schools the nitwit liars, Newt Gingrich, Sarah Palin, and Sean Hannity on America's new nuclear policy.

Do these people have NO conscience?

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Sarah Palin: We don't need no constitutional law professor

We all know that the Tea Baggers love to cite the Constitution to bolster their arguments. Whether or not they actually understand the legal ramifications of what they cite is another matter entirely.

Over the weekend, Palin launched a new line of attack on the President, telling the baggers [paraphrased]:

We don't need no constitutional law professor for a president.

Via Think Progress

Noting Republican Hypocrisy

The story, via Talking Points Memo:

The White House has just announced that President Obama has made fifteen recess appointments, including several for hot-button nominees. These are appointees Republicans refused to allow votes on and for which the president's supporters have been pressing for recess appointees.

Notable on the list are Craig Becker to NLRB and Chai Feldblum to EEOC.

The Republican rage and hypocrisy, via HuffPost:

President Obama's decision to bypass the vacationing Senate and directly appoint 15 nominees has produced some expected cries of outrage from Republicans.

An overview of GOP obstruction of Obama administration appointments via Think Progress:

Senate Republicans have used parliamentary tactics to hold up the confirmation of critical administration nominees to an unprecedented degree. Yesterday, Obama warned that “if the Senate does not act,” he would be forced to make recess appointments to fill critical jobs, because “we cannot allow politics to stand in the way of a well-functioning government.”