1. But…Eliot Spitzer is not in jail, and he’s running for NYC Comptroller.

    Read about the one big reason why bankers and the politicians they support do not want Spitzer back in government:

    http://articles.washingtonpost.com/2008-02-14/opinions/36828502_1_national-banks-occ-consumer-protection

     

  2. Okay, the popular vote margin wasn’t that close, but this graphic sends the message that media-bullying, woman-hating, anachronistic vote-mackin’, ‘Real Americans Versus Them-ism’ still can’t pull 270 electoral votes…

    h/t xkcd

     


  3. [I]f Bain got involved with your company, one way or another, the odds were pretty good that even if your job survived you ended up with lower pay and diminished benefits.
    — 

    Economist Paul Krugman on our heroic Bain Capital job creator and 2012 Presidential candidate, Mitt Romney.

    As if American wages have not snaked or decreased enough over the years…

    Via NYTimes

     


  4. 2012 MYTH-STOMPER: DO TAX CUTS PAY FOR THEMSELVES?

    I suppose it’s time for me to do my little part in 2012 and break down a few of these American Presidential election myths, so my first Tumblr target is whether or not tax cuts pay for themselves.


    Imagine you had a USD 100,000 business and a prospective business partner approached you with an idea to make money that required you to give up 10% ($10,000) of your company’s revenue as an investment, resulting in your business getting $2,200 percent of its money back after 5 years, and as a reward for your blessed patience, your business will realize an additional 10 percent return after another 5 years to bring your total 10-year return to $3,200, leaving your business in a $6,800 investment hole. One more thing – your business also stands to lose an additional 5 percent of whatever revenue you hoped to make by year 10.


    How long will it take for you to throw this fool out of your office?
    Peeps – this is exactly what the United States government gets out of a 10 percent tax cut, as analyzed by the Congressional Budget Office [PDF] in 2005 during the Junior Bush years.


    I’m sure a few of you smarties will tell me that the government is not supposed to make a profit and that the government should bite any bullet handed to its mouth if doing so helps the rest of the economy grow.


    The only problem with that idea is that the CBO analysis shows a maximum 1.1 percent boost to the economy, or $138 billion. And since the report was written in 2005, the corresponding GDP was $11.7 trillion, the 10 percent tax cuts cost more than $1 Trillion after 10 years, and basic math prevails…


    It’s also important to note that the CBO Director at the time of this report’s publication was Douglas Holtz-Eakin, a Republican who was former Presidential candidate John McCain’s chief economic adviser.


    Next myth…


    song currently stuck in my head: “adventures in the land of music” - dynasty

     


  5. Nicolas Sarkozy made the right moves politically on the road to the presidency. But then came so many wrong moves in office, starting on the night of his election triumph when he celebrated with rich supporters at one of Paris’s most expensive restaurants before jetting off to continue partying on the big yacht of a billionaire businessman.

    This set the tone for his tenure. He gave himself a 140 per cent pay rise, taking his annual salary above £300,000, then used state funds for late payment fines on his utility bills and £660 a day on fresh flowers. He reduced taxes on the rich, which backfired when financial meltdown struck a year into his term.

    — 

    Mail Online summarizes the office-spending habits of French President Nicolas Sarkozy, before he was voted out of office last night in favor of Francois Hollande.

    There *is* no Austerity, nor Recession for that matter, in the Palais de l’Élysée.

    The USD 100,000 ovens to make the baguettes made me curious though…

    song currently stuck in my head: “high in me” - patrice rushen

     

  6. For the 45.3% of you unemployed folks who will likely not vote in November, give that move some additional thought…

    Source: TakePart

    song currently stuck in my head: “rainbow” - brenda russell

     

  7. Mike Lester’s Obama-Sandra Fluke cartoon makes the Willie Horton story look like John Brown’s manifesto, but both icons flirt with the damn-near Pavlovian icons of Black men sexually exploiting helpless White women, thus stoking the fears of the pickups-n-shotguns crowd during an election year. Or any year.

    November is still far away, and I’m afraid we ain’t seen nuthin’ yet…

    song currently stuck in my head: “mystified” – tom grant

     

  8. No intro required…

    song currently stuck in my head: “reasons to be cheerful, part 3” - ian dury & the blockheads

     


  9. Obama Yields in Marshaling of Super PAC

    Reading this NYTimes article about Obama makes me wonder again…

    Did Obama change Washington like he promised?

    Or did Washington change him?

    Or is this another compromise on the President’s part?

    Or is Obama playing Moses while in the belly of the Pharaoh?

    song currently stuck in my head: “cussin’ cryin’ and carryin’ on” - ike & tina turner

     

  10. Yes, this video has Fox News analyst Charles Payne saying that the poor get gout so they must be living a good life. His quote REALLY deserves a dismissive “Charles Payne looks like he has gout” response but this is an election year…

    Go to McDonald’s with a dollar in your hand and ask the folks behind the counter what you can buy with it. You’d be surprised. Eat their “dollar items” often enough and you could end up with gout. We’ve learned a lot about food and health since the 1920’s, folks.

    One more thing - read this Columbia University study on the correlation between poverty and death…

    song currently stuck in my head: “primitive ohio” – rahsaan roland kirk

     

  11. Mitt Romney is not necessarily wrong for saying that Americans should have the freedom to “fire” service providers.

    But saying he “Likes being able to fire people” strikes a raw nerve.

    I’ve had to fire people while managing my business affairs. It never feels good telling people they have lost a means of supporting their families, no matter how many times I did it. I’m sure others saw the same image I did after hearing Romney’s words.

    Package that message differently, Romney…

    (Source: youtube.com)