Analogy time: Rain is to Deluge as Parade is to _____?

Hey, everybody! Turns out the Bush administration really didn’t torture anybody, just like they said all along! And the OLC memos prove it!

Credit default swaps played a part in the bankruptcies of two giant companies this week. Will GM be another victim?

President Obama did an amazingly important thing by releasing the torture memos. In his statement, he made a commitment not to prosecute the people who were following the law that these memos established — but he said nothing about those at the top. He was silent on the subject of the lawyers who wrote the laws, and the those in the administration who ordered them to do so.

The decision just came to me hot from a source involved in the case. Judge Walker has entered his order on al-Haramain.The court has determined to let the case proceed!

I’m not qualified to make the legal or procedural arguments for criminal prosecutions regarding the just-released OLC torture memos (fortunately, FDL has other folks who are), but I would like to say something about the moral and political dimensions — which are, in a way, the same thing.

The faux tea party events yesterday served many purposes for the wealthy Foxocrats who shamelessly promoted them, including distracting from the real perpetrators of waste: Greedy CEOs.

Even as the U.S. economy tanked, the median salary for CEOs of 200 large companies increased 4.5 percent to $1.08 million in 2008, according to a survey by The Wall Street Journal.

Ed Liddy’s having a rough week of it. First Ed Towns wants to know if AIG used TARP money to pay public relations firms to attack critics of the AIG bailout; then we learned that “dollar a year” Ed has a $3 million stake in Goldman Sachs.

Obama says the OLC memos will correct our “erroneous and inflammatory assumptions” about detainee treatment. On the contrary, the memos make it clear the degree to which John Rizzo was lying to OLC lawyers about detainee treatment.

Nothing pleases me more than to see two of the most powerful Republicans in the country’s second largest state having a debate about the legality of treason.