Friday Open Thread

“I don’t carry the burden of the past or the madness of the future. I live in the present.”

–Narendra Modi

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34 Community Comments, Facebook Comments

  1. Diogenesdemar says:

    3,000,000,000 [dead] canaries in the coal mine? . . . 

    Birds Are Vanishing From North America

    https://www.nytimes.com/2019/09/19/science/bird-populations-america-canada.html

    . . . on the bright side, I guess, at least they aren’t worrying about the future, eh, Narendra??

    Let’s all party like it’s 2 – 0 – 1 – 9!!!

  2. ParkHill says:

    WOTD from Vox: "Elizabeth Warren is Ruthless and laser-fucking-focused".

    ONE plan to rule them all. Its' called the Consumer Financial Protection Bureau.

    If Warren wins the presidency, she, like any Democrat, will face steep odds of getting an ambitious legislative agenda through Congress. The real action in any administration is executive in nature: knowing what regulatory buttons to push, which enforcers can really go for blood, who to put where, and how to manage them. 

    It’s a job Warren’s done before, when she was charged with building the Consumer Financial Protection Bureau from scratch. It’s an agency she initially proposed in an article as a law professor more than a decade ago and it has a singular mandate: to stand up for everyday Americans against the financial industry and the banks. 

    “She did an effective job starting up that organization by almost any measure,” said Jake Siewert, a former senior adviser in the Obama Treasury Department. “Even the people who hate the CFPB think it’s too effective.”

    I spoke with 30 current and former government officials and employees, lobbyists, industry insiders, consumer advocates, and members of Warren’s inner circle to understand who Warren really is, not only as a policymaker but also as an executive, a decisionmaker, and a leader. Her supporters and detractors describe her as ruthlessly committed to her ideals — and ruthlessly effective at making them real.

    • JohnInDenverJohnInDenver says:

      Warren and the CFPB — in the era of Trump. 

      According to one consumer advocate

      Beginning with the appointment of Mick Mulvaney as acting director in November 2017, the CFPB started to wither away as the cancer within the agency metastasized. Over 100 officials left the CFPB in an exodus that shrank the workforce, publicly announced enforcement actions dropped an average of 75 percent, and Mulvaney announced a more pro-business collaborative approach to dealing with companies. News about the CFPB holding companies’ feet to the fire have been replaced with stories that the financial industry is pleased with the changes that have been made. Policies have been instituted to dam the flow of future regulatory action. Existing rules, particularly in the payday loan industry, are being watered down to make things easier on the lenders.

       Warren’s vision and aim were fine. But the implementation is marred by the absence of legislative standards in favor of agency regulations, regulations which can be modified whenever priorities shift or Administrations change.

      • ParkHill says:

        The implementation was fine. The CFPB is the enemy of Wall Street and the corporate class. Therefore, corporate corruption bought the Republican Party, and then Trump was elected.

  3. Genghis says:

    When a bunch of privileged dumbass white women march through the halls of the California Capitol singing We Shall Overcome and talking about how they're the new civil rights movement, they can really be on about only one thing.

    Can you guess what the one thing is before clicking on this here link? Of course you can.

    • kwtreekwtree says:

      They want to openly carry guns- it’s better than having access to contraception and abortion. (Checking….) nope, it’s about the “right” to send unvaccinated kids to public school…..sheesh.

    • JohnInDenverJohnInDenver says:

      Talk about living in a bubble … how tough is it to look around a room, notice that everyone looks the same, and wonder if, maybe, just maybe, the effort to pick a message may need to be tested on a broader audience?

       

  4. MichaelBowmanMichaelBowman says:

    Remember when? Those days when Willard called for letting Detroit go bankrupt because the thought of sending $12 billion to the Big Three seemed, so….socialist? 

    Welp, we've topped $28 billion in welfare to the ag sector (with no end in sight).  To quote an old sage from Yuma County: 

    Taking tariff money paid by American consumers and giving it to farmers who can't sell products because of the tariffs kinda sounds like socialism. 

    • JohnInDenverJohnInDenver says:

      In a bit of good news, apparently there are enough Democrats willing to support farmers that there isn't likely to be a shutdown in the program even if the USDA hits the $30 billion limit on borrowing for the year.  At least, that is what the House is proposing for the needed "continuing resolution" [see Sec. 119] acting as a stopgap until a FY2020 budget can be passed. 

      We'll see if the Senate is willing to play along, and if Trump wants to avoid yet another government shutdown during his term.

    • MADCO says:

      Well, most economists would not describe socialism that way.
      But any decent con artist will know how this grift pays.

      • MichaelBowmanMichaelBowman says:

        In case anyone missed this while we were being distracted by our little beauty queen in the stained dress: for three nights in a row the N.Y. Fed has had to dump money into the overnight trading market to keep it afloat and working. The only reason we’re not in a major recession is we’re dumping money into failing sectors, namely finance and farming.

        This isn’t sustainable.

        Our entire economy is being bailed out in front of us. We are in a recession, but no one realizes it yet.

        New York Fed to continue operations in overnight funding market until mid-October

        The New York Federal Reserve will continue overnight repurchase operations through October as it seeks to quell market instability from earlier this week.

         

        • MADCO says:

          SELL!

          or

          SHORT!!

           

          hold cash to buy stuff when prices hit bottom

           

          2008, I helped  afew people buy cheap homes (some without wheels) and I helped my brother in-law get some cheep boats.

    • VoyageurVoyageur says:

      How many times do I have to say it?  If the money goes to old white guys, it ain't welfare!

       

  5. ParkHill says:

    Other word of the day is "Kompromat".

    Giuliani is picking up where Cohen left off.

  6. PseudonymousPseudonymous says:

    Pelosi Strongly Criticizes Nadler in Fight over Impeachment Process

    House Speaker Nancy Pelosi took aim at House Judiciary Committee chairman Jerry Nadler in a closed-door meeting last week, saying that the panel has taken the push for impeachment of President Trump far beyond the position of the House Democratic caucus.

    Pelosi shocked those present at the meeting with her criticism of Nadler and added that the Democrats don’t have the necessary votes to impeach Trump.

    “You can feel free to leak this,” Pelosi said to those present, according to Politico.

    Whistleblower complaint about President Trump involves Ukraine, according to two people familiar with the matter

    A whistleblower complaint about President Trump made by an intelligence official centers on Ukraine, according to two people familiar with the matter, which has set off a struggle between Congress and the executive branch.

    The complaint involved communications with a foreign leader and a “promise” that Trump made, which was so alarming that a U.S. intelligence official who had worked at the White House went to the inspector general of the intelligence community, two former U.S. officials said.

    ¯\_(ツ)_/¯

  7. Genghis says:

    Almost forgot mention that we got robocalls over the past couple of days from Rep. Joe Neguse inviting us to take part in a telephone town hall. My wife ran the number in an app she has on her phone, and found a transcript of the call that begins with, "Hi, it's your congressman, Jonah Goose."

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