Harry Reid: Drug (Money) Kingpin

By: Wednesday July 7, 2010 9:25 am

To the surprise of — well, absolutely nobody I guess — Harry Reid is rolling in drug money. Tim Carney reports that “no incumbent is receiving as much air support from the drug industry as is Reid, who championed a health care bill that pads drug company profits.”

Will the Words “Climate” or “Carbon” Show Up in Obama’s Oval Office Address?

By: Tuesday June 15, 2010 3:15 pm

In tonight’s address to the American public, will President Obama call for a round of on-the-margins clean energy measures (along with big subsidies for nuclear and clean coal)? Will he come down with some solid, progressive measures to reduce millions of gallons of fuel consumption a day, similar to Jeff Merkley’s proposal yesterday? Or will he go big, and demand a price on carbon to mitigate the catastrophic potential effects of climate change?

Why Are Incumbents Faltering? Check Out The Election Night FinReg Massacre

By: Wednesday May 19, 2010 11:30 am

Yesterday’s results in the election showed what has now become conventional wisdom: an “anti-incumbent mood,” something the media will parrot from now to November. They can find the reason by looking no further than what they ignored during election coverage – last night’s debacle in the Senate on financial regulation reform.

Transparency, Sunlight Aiding Progressive Efforts to Transform Wall Street

By: Thursday May 13, 2010 4:45 pm

The Senate Banking Committee basically passed the Dodd draft with almost no work done on it. So that meant that Senators would get a crack at it on the floor. And the biggest victory in this entire process has been the promise on the part of the Democratic leadership not to put in artificial 60-vote thresholds for every amendment. With a majority-vote standard, Senators knew they were getting a fair shake to shape the bill. And under the watchful eye of advocates who can easily paint any vote to the public as a case of putting the interests of banks over the people, Senators were forced to vote in the interests of their constituents. And that has been very beneficial.

In Move to Protect Net Neutrality, FCC Proposes Reclassification of Broadband

By: Thursday May 6, 2010 6:49 pm

In an exciting breakthrough, the FCC is set to reclassify broadband services in a manner that will protect net neutrality.

Feingold Will Filibuster FinReg If It Does Not Include Serious Banking Reform

By: Thursday May 6, 2010 9:55 am

In a fiery speech on the Senate floor, Russ Feingold conditioned his support for the Wall Street reform measure on adding a multitude of amendments that would break up the mega-banks, cap size and leverage and restore the firewall between commercial and investment banks. He even went so far as to say that he would not vote to end debate on the bill unless these and other serious banking reforms were part of it.

As Republicans Wilt on FinReg, Can We Now Talk About the Policy?

By: Wednesday April 21, 2010 8:45 am

The headline story in the Washington Post today states that Republicans, worried about being seen as too close to the big banks, especially in the wake of the Goldman Sachs scandal, are returning to the bargaining table and supportive of a bipartisan deal. This was how Democrats hoped this would turn out, that they could play a game of chicken and win, and that appears to be the case right now.

However, there’s nothing specific about any deal being discussed, just the notion that there is one in the works.

Bernanke Approved 70-30 for Second Term as Fed Chair; Seven Senators Hope to Hide Behind Flipped Cloture Vote

By: Thursday January 28, 2010 4:45 pm

Bernanke’s “ideas” are all over the 2008 collapse of our economy—and his uncaring hand on the rudder has helped steer us into this “jobless recovery” (a term I am embarrassed by every time I use it). The American people know it, some senators know it, and the Obama Administration is foolish to pretend that they don’t know it.

How Corrupt Reid/Obama PhRMA Deal Undermined Byron Dorgan, Pt. 1

By: Tuesday January 12, 2010 7:01 am

SENATOR DORGAN: The amendment we are offering, a bipartisan amendment dealing with the price of prescription drugs, is a very important amendment. We are going to get our vote on that, but then there is also going to be a vote on a poison pill amendment that nullifies it. It says if you pass the second amendment, it means nothing happens and prescription drug prices keep going through the roof.

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