Wednesday, May 16, 2012

May 16th, 2012 Edition

Nebraska sets stage for Kerrey, Fischer race
May 16, 2012

WASHINGTON (AP) — An insurgent Republican lawmaker in Nebraska will square off against former Sen. Bob Kerrey this fall in the state’s U.S. Senate race, as Democrats look to hold onto the Senate seat and control of one part of Capitol Hill.

In Tuesday’s Republican primary, state Sen. Deb Fischer rode a wave of discontent with the GOP establishment to best Nebraska Attorney General Jon Bruning, the preferred candidate of Washington, D.C.-based Republicans, and Treasurer Don Stenberg in a race that drew national attention from outside groups in its final, unpredictable weeks.

The outcome underscored years-old divisions within the GOP, and set the stage for a competitive general election race that could determine the balance of power in the U.S. Senate.

Fischer’s victory marked also another win for the party’s anti-establishment movement just a week after a tea party-supported Richard Mourdock beat Indiana Sen. Richard Lugar in that state’s GOP primary.

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Gingrich: JPMorgan Trading Loss Not an Argument for More Regulation
by Jim Meyers and Kathleen Walter
May 15, 2012

Former House Speaker and GOP presidential candidate Newt Gingrich refutes the Obama administration’s assertion that JPMorgan’s recent $2 billion trading loss reinforces the need for more Wall Street reform and bureaucratic oversight.

“The White House threw away half a billion dollars on Solyndra,” he tells Newsmax.

“If you were to add up every failure that Obama’s had with so-called green energy, which I think turned out to be greenback energy, they’ve thrown away more money on solar power than JPMorgan [lost].

“In a capitalist free-market system sometimes you win, sometimes you lose. If you try to impose enough bureaucracy to never lose, you’re going to guarantee you’ll never win.

“And why would anyone believe the bureaucrats would have been smarter? [The JPMorgan officers] made a mistake. It cost them the money. The guy got fired. That’s what should happen.”

Read more on Newt: JPMorgan Loss Not an Argument for More Regulation

Harry Reid: Republicans Are Already "Digging the Trenches" on Debt-Ceiling Debate
by Erika Johnsen
May 15, 2012

Does this man just live in la-la-land or what?
Senate Majority Leader Harry Reid (D-Nev.) on Tuesday blasted House Speaker John Boehner (R-Ohio) for threatening not to raise the debt ceiling next year unless greater spending cuts are enacted. 
“The brinksmanship we are seeing from Republicans today reminds us of days prior,” he told reporters. “Instead of meeting us in the middle on the problems facing the country, Republicans are already digging these trenches that they are in and saying they are not going to move.” 
Reid said that Boehner risks turning the GOP into a rump party of extremists by making such statements. 
“It’s pretty clear to me that the Tea Party direction of the Republican Party is driving them over a cliff. And I would suggest that Speaker Boehner look at the long term, which is what will the Republican Party look like in the future,” he said.
Please, allow me the honor of breaking this one down for you, Sen. Reid, real simple-like: We are more than fifteen trillion dollars in debt and still spending far and away beyond our means. Spending cuts, bigones, are in order, and your credibility on money matters is all but spent -- besides your compelling fiscal arguments for "cowboy poetry festivals" and the USPS because "seniors love to get junk mail" and whatnot, this is day 1,112 that the Senate has failed to pass a budget, I believe? Don't you worry about the Republican party going off a cliff in the long-term, sir: no Americans of any party are going to thank you when the country goes off of a financial cliff.

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Janine Turner: It's Time for TRUTH
May 16, 2012

“Time for TRUTH” seems like a cliché. Perhaps it is a cliché, at least in government. Lots of well-meaning men and women dedicate many hours of service to the United States government. Yet somewhere along the way TRUTH became a nice thought but an unattainable goal, and somehow America started a downhill spiral on a road with no return.

Entrenched in the gutters of “it simply can’t be done,” many representatives of the people insist that clarity, accountability, and accessibility (of bills, for example) are simply too hard to obtain. “Status quo with a minutia of meaningful exertion,” is the mentality that permeates the parliament.

Day upon day, year upon year turn into decade after decade with closets that have not been cleaned and habits that have not been honed. Instead of revitalization and renewal, the republic became the reciprocal for intrigue and IOUs. Instead of active involvement and interaction, deliberation and petition, democracy became the dungeon of denial and isolation, silence and apathy.

How can a Thomas Paine invoke common sense or a Patrick Henry inspire liberty when the people ignore the quest or call? How can a John Adams call for reason or a Thomas Jefferson repeal intrusion if the government resists the duty?

Hence, the troubled state of the shining city on a hill. Hence, the doom that awaits the hapless, hopeless occupants because TRUTH is a nuisance.

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