Here are some stories we talked about at today's editorial meeting. Tonight to at 10pm ET, Lawrence O'Donnell and his guests will provide their unique perspectives on some of these topics.
- Obama and Romney have the same campaign message: "He's out of touch"
- Obama still leads Romney in new polls
- Romney recognizes he has a Latino problem
- Richard Cohen: Mitt Romney is a man of falsehoods
- ALEC ends task force that deals with voter suppression and "stand your ground" laws
- President Obama goes after oil speculators
- Families of gun violence victims mark Virginia Tech anniversary at Capitol
- Grover Norquist has no interest in bipartisan cooperation
- Secret Service investigating rocker Ted Nugent after he threatened the president
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The very same Wall Street "investment?" banks that the tax payers bailed out of their former gambling habit on subprime morgage bundles and their derivative credit default swaps are the largest speculators in the oil futures market, manipulating the rise and fall daily and sometimes hourly using some of the $16 Trillion loans from the Federal Reserve a 0.01 interest rates. Of course, the loans were meant for the sick banks to get healthy by making steady profits with purchase of the spiraling higher amount of Treasury bonds and notes spawned by the runaway spending and deficits of the last three years plus. And also to provide increasing loans to industry and commercial borrowers looking to expand operations in our flagging economy, and also to make available to jump start the housing market existing on life supports currently while picking up at bargain basement prices the huge backlog of those busted subprime mortage bundles still floating around.
These same Wall Street banks gave a total nearing 500 million to Democrats (and Obama) in the 2008 election, but those days are over now, after an ungrateful Obama and his Party took them slightly to task only, and have sought to restrict slightly their free wheeling ways.
It's an old game folks, say one thing, take a resulting token step or two to reform, and then go back to smoothing the way for "the too big to fail" financial institutions to look for more ways to lose money while they sabotage the economy daily. When these same financial institutions that so stabbed at the heart of our economy and caused so much suffering in our land were in fact failing, the decision of the Fed and the Treasury Department was to double down on their dangerous size and power in the financial system and forced them into consolidation moves that only make them so very much "too bigger to fail". Hence they go their merry way, their profits first, America last.
MITT is like Jon Lovitz when he played Tommy Flanagan The ultimate Liar on SNL. Mitts new nickname Mitt Flanagan Yea That's the Ticket.