Archive for October 12th, 2010

Still waiting for that trickle down.

Oct 12, 2010 in Politics

A rising tide lifts all boats!

Pay on Wall Street is on pace to break a record high for a second consecutive year, according to a study conducted by The Wall Street Journal. About three dozen of the top publicly held securities and investment-services firms—which include banks, investment banks, hedge funds, money-management firms and securities exchanges—are set to pay $144 billion in compensation and benefits this year, a 4% increase from the $139 billion paid out in 2009, according to the survey. Compensation was expected to rise at 26 of the 35 firms.

It would have been socialism to not bail them out.

-mg

The completely f***ed Senate.

Oct 12, 2010 in Election crap

The House tried to do their jobs and should be treated a bit more nicely than the 41 Republican Senators who have done everything they could to bring the nation’s business to a halt during economically dangerous times:

With only a lame-duck session remaining, the House since January 2009 has passed 420 bills that have sat on the Senate shelf, according to an updated list provided to The Hill.

The gulf in productivity has led to an escalation in tensions between the chambers, culminating in a veritable staring contest last month over the expiring George W. Bush-era tax cuts.

House Democratic leaders have frequently griped at the disparity, and the caucus chairman, Rep. John Larson (D-Conn.), told The Hill last week that the slow pace of legislating in the Senate, where bills can be held up by the filibuster and other rules, “infuriates” members of the House.

Rank-and-file House Democrats said the lack of Senate action on legislation they had cast tough votes on had left them twisting in the wind before an increasingly agitated electorate. At the top of the list was the June 2009 cap-and-trade energy and climate bill, which passed the House by a slim margin but never made it to the Senate floor.

The gap in approved legislation increased by 48 in the three weeks Congress was in session in September, and by 130 since The Hill first reported on the disparity in February.

Okay, Republicans. Have your fun, but without 60 solid votes in the Senate, it’s all wanking. Have fun when that Tea Party rage gets turned back on you because you spent 2010-2012 compromising with Democrats to get anything done.

Oh, you Republican folks think Democrats shouldn’t filibuster everything like you did to them? Shove a copy of the filibuster-less Constitution up your asses and light it on fire.

-hw