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I would suggest that no employee of any Wall Street firm getting taxpayer money can make any more than a union autoworker. That would be a good place to start from.
This is not a follow up to what I wrote last Friday, because this isn't about Illinois Governor Blagojevich's "crude" language. Instead, I write today about Blaggy's crude tactics. Because I'm kind of having a hard time condemning him for doing almost the same thing as what other politicians do more successfully (and completely "legally") with a wink and a nod. There's a game, and there are certain rules to the game. Blaggy went a bit too far, and was caught. He is now paying the price. But what he "got caught" at isn't that all that different from what many (if not most) politicians -- of both parties -- do.
In the past few weeks, we've heard story after story of corporate excess, often in admonishments toward corporate executives from various congressional committees. CEOs on private planes! Gasp! Outrageous compensation packages and bonuses for executives! Who knew? Posh conferences in luxury resorts! Golly! Taxpayer dollars may pay hundreds of millions in stadium naming rights! Lions and tigers and bears, oh my!
Bush's meeting is going to last six hours. And nobody expects it to come up with anything even close to the same magnitude of what happened in Bretton Woods. Nobody sane, that is. So please, media types, don't call it what it's not. Let's have some truth in advertising here. Call it "Desperate Bush Lame-Duck Photo-Op With World Leaders Who Would Really Rather Be Talking To Obama," if you have to slap a label on it. Because that's a lot closer to what it's going to be.
First, though, I got tired of endlessly downloading various "election results" webpages, in the hopes of getting some final results. And I also got tired of waiting for the mainstream media to do its job and inform the public what is going on with the remaining states, whose election results have not yet been reported. So I called up the state election officials myself, and thought I would share with you what I found.
Of course, the big question on everyone's mind right now is: What is going on up in Minnesota? Al Franken is tantalizingly close to taking a lead in his Senate race, but very few details are available in the media (with the exception of this report from the Huffington Post) to let us know exactly what is going on. So I went to the source, and contacted the Franken campaign for some details.
As usual, I don't really have much of an opinion about who "won" the debate last night, because I think such designations are inherently subjective. I can see both sides thinking their candidate "won" the night last night, in other words.
For those interested in the backstory of the octopus-like reach of the VECO corruption investigation, there is currently no better inside look at the entire mess than the amazing new book Last Bridge To Nowhere, by author Frank Prewitt. Prewitt has a unique perspective on the entire mess, since he was the F.B.I.'s "Confidential Source #1" throughout the evidence-gathering phase of the long-running investigation. Codenamed "Patient," Prewitt spent countless hours documenting sleazy deals, payoffs, bribes, and other shenanigans; often wearing a wire and taping encounters to provide court evidence.
Things are getting pretty nasty out on the McCain campaign trail, it seems. Not much talk of "reaching across the aisle" these days. Now, while anyone with a halfway-decent brain saw this coming, this obviously doesn't include most of the mainstream media. Of course the end of the campaign was going to be nasty. Of course McCain and his minions were going to throw everything they could at Obama. Barack Obama himself knew this was coming. Democrats should have known it was coming. It's the old story of the scorpion and the frog -- McCain is getting nasty because he's a Republican candidate for president. "I'm a Republican, it's my nature," in other words.
Both candidates had the same pre-debate tactics, and both attempted exactly the same thing. They both tried to "psyche out" their opponent by warning how hard they were going to fight. It didn't work for either of them. Neither one of them really took the bait, and the entire debate was a snoozefest compared to what it was billed as.