The President wants to give the Federal Reserve more power to oversee systemic risk in the economy:

Obama, in an interview shown on the CBS Early Show, said the administration wants an overseer that “is accountable and clear when it comes to these large systemic firms that could potentially bring down the entire financial system.

Digby points to a Catherine Rampel piece at NYTimes. In it, Rampel underscores a universal political truth: According to two recent polls from The New York Times/CBS News and The Wall Street Journal/NBC News, Americans appear very worried about controlling the federal deficit….

A quick look at what’s happening in the news on the morning of June 22nd.

Congratulations on your crappy health care system, oh not your Senator.

Baton Bunny featuring guest conductor Bugs Bunny and The Warner Bros. Symphony Orchestra playing Morning, Noon and Night In Vienna by Franz Von Suppe.

What’s on your mind tonight?

Bill Maher, skating ever closer to the commentary that got him exiled from our televisions after 9/11, tries to explain how constructive criticism of the President we elected, urging him to BE the President we elected, doesn’t mean we’re breaking up with him. And Bill also asks, where’s the rational, non-money American political party that reflects the views of a majority of Americans, anyway?

So it turns out that there are circumstances where the Obama administration considers waterboarding a prosecutable offense after all:

What part of “love your fellow man” do these people not understand?

George Will has decided to bring his destroyed credibility on climate change and arctic ice melting to the health care reform debate. You see, the wealthy, healthy, fully covered George Will has concluded that there’s nothing fundamentally wrong with America’s perfectly competitive health care system.

‘If the large volume of cheating and vote rigging, which has set fire to the hays of people’s anger, is expressed as the evidence of fairness, the republican nature of the state will be killed and in practice, the ideology that Islam and Republicanism are incompatible will be proven.’