I chose this title today as it’s the song (by Peter Stuart’s Dog’s Eye View) that played in my mind yesterday upon hearing the news of the massive losses on Wall Street. On the one-year anniversary of the Dow’s highest closing ever, the Dow closed below 8700.
I don’t pretend to be an expert on money, except for how to spend it and rack up the bills, but I do know that what’s happening is scary, and substantial.
Today I reached out to Jim Bliekamp, the “very special correspondent” who used to contribute some thoughts to my radio show, whose regular job is as a reporter for the Wall Street Journal radio report. He and I talked about what’s going on in the global economy and I, as the ultimate layperson, tried to understand it.
Today’s a crazy, busy day for me. In the quickly and ever-changing word of radio, there’s a trend called “voicetracking”. If you think the radio “DJs” you listen to are in your town, chances are, you’re wrong. I voicetrack weekends for a very cool radio station in Des Moines. This week, I’m also filling in for the afternoon personality, Deeya. So, today, I have three shows to record.
If you feel like hearing my in “DJ” mode, and want to check out a great radio station, go to http://www.capital1063.com/. I’m usually on Saturdays from 10am-3pm and Sundays from 2-7pm; and this week (and today) I’m on in the afternoon, from 2-6pm. All times are Iowa time… you’ll have to figure that out for yourself!
And thanks to Mike Emm who posted this link on the message board. It’s too good not to share it here.
Have a great weekend!
Of course, there are some very hot Congressional
Joe Garcia, Candidate for Congressional District 25
Annette Tadeo, Candidate for Congressional District 18
What: Democratic Rally Hosted by Barry University Young Democrats
When: TODAY, Thursday, October 9, 2008
Doors open at 6:00PM
Where: Barry University ? Miami Shores Campus
Landon Events Room in Landon Student Union
11300 N.E. 2nd Ave ,
Miami Shores , 33161
The second Presidential debate was held last night, this one supposedly a “town hall” format. It really wasn’t. And Tom Brokaw was as ineffective a moderator as is possible.
But it just reaffirmed what I already knew: Barack Obama is looking more and more presidential every day, and John McCain is looking more and more like the dottering old man he is.
On today’s show, I dissect the debate, and we listen back to some of the answers that completely amazed me.
If you missed it, you can watch the whole thing here:
One of the things that jumped out at me during the debate last night was McCain’s insistence, twice, that the presidency requires a “cool hand” and “a steady hand at the tiller.” It’s fascinating to me that he would stress that, given the general knowledge that McCain’s temper is legendary. In fact, if you go to YouTube, and enter McCain anger, you’ll come up with pages upon pages of videos.
Robert Greenwald’s Brave New Films released a new video today about John McCain’s rage. Watch it for yourself here.
This press release just came in as I was finishing up today’s blog. It has to do with South Florida Republican incumbent Congressman Lincoln Diaz-Balart, who’s facing a very tough challenger in former Hialeah Mayor Raul Martinez. I’ll just post the press release in it’s entirety. I’ll see what more I can find out on it by tomorrow:
NEWS FROM THE FLORIDA DEMOCRATIC PARTY
For Immediate Release: October 8, 2008
Indicted Puerto Rican Senator: I Gave Suitcase of Cash to Congressman Lincoln Diaz-Balart
Miami FL – Puerto Rican Senator Jorge de Castro Font, who was arrested by the FBI on Thursday, has implicated U.S. Congressmen Lincoln Diaz-Balart, claiming to have traveled to Miami with Congressman Luis Fortu?o of Puerto Rico to deliver a suitcase full of cash for Diaz-Balart’s re-election campaign.
Puerto Rican Senator Jorge de Castro Font has been indicted by a federal grand jury on 31 criminal counts including bribery, wire fraud and money laundering.
In an interview with WAPA TV in Puerto Rico, De Castro Font stated:
“I am not going to remain quiet. I am here talking with you. If I was quiet . . . just the other day I said that …to ask him … Luis Fortu?o said the other day that he was never with me that he has not seen me in four years. Ask him if he went with me to deliver money to Congressman Lincoln Diaz-Balart of Miami . We sat together in first class.”
In a separate WAPA 680AM radio interview in Puerto Rico, De Castro Font stated:
“I traveled with him [Luis Fortu?o] to Miami to give money to a U.S. Congressman. He didn’t tell me anything else. Ask him when you interview him if he went to take money to Congressman Lincoln Diaz-Balart sitting with me in First Class on American Airlines.”
In the interviews, Senator De Castro Font claims that the cash for Diaz-Balart was given through the Fonalledas family, and that the trip to Miami to deliver the cash was prior to Fortu?o becoming the “Resident Commissioner” – non-voting Congressman in the U.S. House of Representatives in January 2005.
These are serious allegations that Diaz-Balart must address. Did Lincoln Diaz-Balart meet with the Puerto Rican Senator Jorge de Castro Font and Luis Fortu?o? Did he accept $50,000 in cash? Where was this money reported? Is there proof of these contributions and a record?
Lincoln has a long history of ethics violations and breaking federal campaign finance laws. Lincoln Diaz-Balart has found guilty and fined $35,500 for breaking federal election law on several occasions. In March of 2000, the FEC released an eighteen-page report announcing that Diaz-Balart’s campaign would be fined $30,000 for numerous violations discovered during a year-long audit of the campaign’s finances for the 1997-1998 election cycle. The report detailed the collection of $114,000 in contributions that were never accounted for and $30,000 in illegal contributions. In 2001, the FEC announced that they fined Diaz-Balart’s congressional campaign $5,500 for filing late campaign finance reports during the 2000 election cycle.
[ Miami New Times, 11/08/01; Miami New Times, 7/26/01; Miami Herald, 2/17/01, Miami Herald, 12/03/00]
View WAPA TV Interview Here:
Listen to WAPA 680AM San Juan Interview Here:
View pictures of Congressman Luis Fortu?o at a Fonalledas Fundraiser here:
Transcript – WAPA TV Interview with Puerto Rico State Senator Jorge De Castro Font
WAPA TV Reporter:
Are you going to remain silent.
Senador Jorge De Castro Font:
I am not going to remain quiet. I am here talking with you. If I was quiet . . . just the other day I said that …to ask him … Luis Fortuno said the other day that he was never with me that he has not seen me in four years. Ask him if he went with me to deliver money to Congressman Lincoln Diaz-Balart of Miami were sat together in first class.
Reporter: When was that?
Senador: And ask him who took the money? See what he says. See if he says he never took it?
Reporter: When did that happen?
Senador: When he was the Resident Commissioner ( Congressional Delegate ).
Senador: Sure. The money we took him was on behalf of the Fonalleda family.
Reporter: You were with him?
Reporter: In Miami?
Senador: He controlled the money he had the money not me. I don’t know? He knows what happened.
Reporter: How much money was it?
Senador: Ask him. I know but you need to ask him. He knows what he has to say.
Reporter: More than $50,000?
Senador: Ask him at a press conference.
Transcript – WAPA 680AM San Juan Interview wit Puerto Rican Senator Jorge de Castro Font
“WAPA 680 AM San Juan…”
“Good morning. Keeping you up to date with the most important news of the day up to the moment…from San Juan, the fact that Jorge de Castro has been charged with 32 counts of bribery and extortion has not stopped him from speaking out about acts that, up until now, had not been made public regarding leaders from his party. In a Radio WAPA exclusive, de Castro revealed that he traveled to Miami along with the President of his group Luis Fortuno with the sole purpose of giving money to a U.S. Congressman. According to de Castro, the trip took place before Fortu?o became the Resident Commissioner. But at his trial, it seems as if Fortu?o forgot.”
Interviewer: “He says that he hasn’t spoken to you in 4 years?”
De Castro: “That’s a lie.”
Interviewer: “Do you have proof of that Senator?”
De Castro: “That’s a lie. I traveled with him to Miami to give money to a U.S. Congressman. He didn’t tell me anything else. Ask him when you interview him if he went to take money to Congressman Lincoln Diaz-Balart sitting with me in First Class on American Airlines.”
Interviewer: “Why were you taking him that money Senator?”
De Castro: To give it to the Congressman for his reelection campaign.”
Interviewer: “So Luis Fortu?o traveled with you? What day was that?”
De Castro: “That was before he became a candidate for Resident Commissioner in Washington.”
Interviewer: “Oh, Well…”
De Castro: ” I know him since I was small.”
Interviewer: “Ok, but what he had said was that in the past 4 years, he hadn’t spoken to you.”
De Castro: “He’s lying.”
Interviewer: “He’s lying?”
De Castro: “mmhmm (yes). He is revealing things slowly. Notice how he didn’t discuss his investment in Toa Alta and he revealed it yesterday.”
Interviewer: “This money was taken by Luis Fortu?o to the Congressman you spoke of, Diaz-Balart?”
De Castro: “Ask him when they make him available. Ask him.”
Interviewer: “He took the suitcase?”
De Castro: “Of course. Ask him when he has a conference. I’m sure.”
Interviewer: “Of course. He took the suitcase, but you don’t know how much was in it?”
De Castro: “No, I don’t know how much was in there.”
Jorge de Castro is a Senator of Puerto Rico. Luis Fortu?o is the Resident Commissioner for Puerto Rico.
Yesterday was the first Monday in October, the day the Supreme Court returns to the bench. This should serve as a very serious reminder of what’s at stake on November 4. The next President will appoint definitely one, probably two and very possibly three Supreme Court Justices.
These appointments will determine the course of this country for probably the next 50 years.
Watch this clip of John McCain, just a few short months ago, praising George W. Bush for his Supreme Court nominees:
And read this, from Kathryn Kolbert, President of People For the American Way:
Mon Oct. 6, 2008 Today?s the first day of the Supreme Court?s new term, and President Bush is using the occasion to appear before the Cincinnati Federalist Society. He?s being joined by a coterie of right-wing judicial activists who helped him push hundreds of nominations through the Senate. Among them will be Wendy Long, whose Judicial Confirmation Network just launched a nasty smear campaign against Obama.
Bush is taking a victory lap, and you almost can?t blame him. Of all the terrible things that he set out to do, shifting the federal courts far to the right is the only thing he?s achieved. A full one of every three federal judges were appointed by Bush, including Chief Justice Roberts and Justice Alito on the Supreme Court, and they have steadily chipped away at our rights.
But Bush couldn?t quite close the deal ? the right-wing bloc on the Supreme Court is still one vote short of an unstoppable majority. Justice Stevens ? 88 years young and the most progressive member of the Supreme Court ? stubbornly refused to retire. Justices Ginsburg and Souter, who have reportedly eyed retirement, also weathered the Bush reign, presumably in hopes of a better political environment next year.
What that means is McCain, if elected, stands to achieve Bush?s goal of a right-wing court. There?s no uncertainty here ? McCain has pledged to nominate ?clones of Roberts and Alito?:
So that?s where we?re at. The next 40 years of the Supreme Court are on the ballot.
Tonight is the second of three debates between Barack Obama and John McCain. Showtime is 9pm. It’s going to be a “Town Hall” style debate. So, if you were in the audience, what question would you ask? Feel free to head over to the message board and chime in….
After the debate tonight, at about 11:30 eastern, I’ll be joining my friend Marc Germain on his live webcast at www.talkradioone.com to talk about what we just saw. If you’re still awake, I hope you’ll listen in!
Tomorrow, I’ll have lots of debate audio and perhaps a conversation with Thom Hartmann.
And if you’re playing the drinking game tonight, it’s one drink for every time McCain says “My friends.” If you do that, I doubt you’ll still be standing to listen tonight… so I’ll talk to you tomorrow!
Ooh, Sarah “If I smile and wink maybe they won’t realize I don’t have a freakin’ clue” Palin said on the stump that Obama’s been “palin’ around with terrorists.” (I think that’s how you spell ‘palin”– that’s pal-ing, without the g at the end, as we learned on SNL… she omits the g at the end of ‘ing’ words, right?)
Thanks to an email from listener Mike in Ft. Lauderdale, CNN did the rebutting for us!
But now that the gloves are off, and we see that the McCain campaign is going to dredge up all kinds of dirt (ie nonsense), the Obama campaign is bringing out the facts they’ve been sitting on thus far.
Although I’ve been screaming about the Keating Five and wondering why they’ve been silent on it, I now realize that they were probably waiting for the home stretch. The difference between this and the mud that the Cons will sling is that this is all true, and it relates directly to the economic crisis in which we’re now enmeshed. And John McCain was smack dab in the middle of it.
The Obama camp today launched a new website at www.keatingeconomics.com. And it contains this 13 minute documentary. Please watch it and forward it to everyone you know (if you want to forward this site, of course, I wouldn’t be opposed to that either!)
Oh… and this afternoon I had the opportunity to chat with former Florida Governor and Senator Bob Graham. He was on a cell in his car on the way up to Gainesville, so the reception is, in spots, spotty. But he’s always great to listen to, so I hope you will!
Last night was the most highly anticipated political debate in recent history. And, I must admit, I was disappointed on a couple of levels.
Sarah Palin did better than I expected she would. I was hoping for more blatant screw-ups. But she did screw up, and the pundits are overlooking her blunders!
She got the name of the commander on the ground in Afghanistan wrong. Can you imagine if Joe Biden had done that?? And he was too courteous not to correct her (he should have!)
She cited some alternate version of the Constitution that I’ve never read when she said that the powers of the Vice President were basically flexible. Thank goodness Biden corrected her on that one, but no one in the media seemed to have noticed.
In case you missed it, it is certainly worth watching. You can do that here:
This morning, I took a call from listener Clive, and we discussed the debate. Then I called on NewsMax columnist and former (conservative) Congressman from Long Island, John LeBoutillier, to talk about what the hell is going on!
This just in: The House passed the Bailout bill. I hope they know what they’re doing, because the more I read about it, the more nervous I am about what they are saddling us with. I spoke with John LeBoutillier about this as on today’s show as well.
Monday on Radio or Not, I’ll be joined by former Florida Senator and Governor Bob Graham! Have a great weekend!
Since the one and only debate between the Vice Presidential candidates will happen tonight, I thought we’d use today’s Radio or Not episode to listen back to some of Sarah Palin’s greatest hits. So, I assembled some of her best quotes, with the help of EMF‘s “Unbelievable”. I hope you’ll listen and share it with your friends.
Now, keep in mind that just because she’s shown utter stupidity in the past, that doesn’t necessarily mean she’ll bomb tonight. Rachel Maddow last night spoke with the moderator from one of her Alaksa Gubernatorial debates, and he said that she’s very skilled at skirting the actual issues, but coming up with zingers that the audience loves. And the Huffington Post today has a piece, along with some video, with a similar warning here.
Last night, the Senate overwhelmingly passed the Bailout Bill (sorry, I refuse to use their “rescue” vernacular), by a vote of 74-25. The biggest surprise for me was that one of my Florida Senators, a heretofore useless backbencher named Bill Nelson actually voted against it! For this man to stand up to party leadership is a shocker!
We’ll see what happens when the House takes it up again tomorrow, especially since the Senate loaded it up with so much pork to make it more palatable for some of the Senators who otherwise would have voted against it. I just don’t understand how John McCain could have voted for such an earmark-laden piece of legislation! Didn’t he say that he’d “make them famous” of those who supported pork projects?
I told you last night that I had some good news to share today. On October 17, I’ll be guest hosting The Thom Hartmann Show on Air America! I hope you’ll listen and let your friends know that I’ll be back on your radio that day…
Ok, I obviously never got a show online today. But it was a busy day nonetheless!
Yes, I got a nap, but I have a feeling I’ll be hitting the hay early tonight, as I still haven’t caught up from last night.
I also got a new computer! I figured that I needed speed, memory and hard drive capacity that my old workhorse just didn’t have. With the stuttering and hang-ups from the old machine, it probably took me 3 times longer to produce each episode than it will with the new one. So, beginning tomorrow, hopefully you’ll hear a difference! At least I’ll feel a difference.
Michael Moore did what he promised yesterday, and came up with a really common sense solution that would probably serve our elected officials well, if they were to read it. You can read it here.
The Senate is about to vote on their bailout… um, rescue bill. Sorry. It’s a bailout. And the more I know about it, the more against it I am! We’ll see what happens, and we’ll go over it tomorrow.
I also have a bit of good news to share with you on tomorrow’s so… so I’ll talk to you then.
I’ll be uploading today’s show later today. I’m moving in slow motion this morning after a sleepless night, probably due to a combination of a cacophony of frogs croaking outside my bedroom window, a bad bout with my restless leg syndrome, and the typical things that keeps one awake at night… especially in the midst of a global financial meltdown when one has just lost their job!
But, aside from being very tired this morning, I actually have lots of reasons to be optimistic, which I hope to detail for you later or tomorrow.
In the meantime, I’ve assembled a few links and video clips you might want to check out. I spent the better part of the morning coming to terms with the fact that the Republicans actually kept us — for a couple of days, anyway– from being the victims of another crime perpetrated upon the American people by this administration. I’m not sure if the heist can be averted, but there are a few amazing Democratic members of the House of Representatives that are working toward that end.
Watch this press conference that took place yesterday, called by Oregon Congressman Peter DeFazio, Ohio Congresswoman Marcy Kaptur and a couple of others, and listen to what they have to say. You can read the details of their No Bailouts Act here.
I hadn’t heard of Marcy Kaptur before yesterday, but I became a fan after watching this video of her in action on the House floor Monday morning:
Rep. Kaptur hails from Ohio, the land of Dennis Kucinich. He, too, has been vociferous in his opposition to the bailout, calling instead for help from the bottom-up. He appeared on MSBC’s Rachel Maddow Show last night:
On another note, a brand new Quinnipiac poll released today shows Barack Obama ahead of John McCain, and above 50%, in the three swing states of Florida, Pennsylvania and Ohio! As someone who lives in the backward state of Florida, I can tell you that I’m very surprised by that one.
And I can’t tell you how excited I am about the VP debate that’ll take place tomorrow night. Sarah Palin just keeps outdoing herself. I think this is my favorite clip so far:
Ok.. I’m going to try to take a nap, and hopefully come back later to record a show…