Four trillion in secret loans

Keep in mind that all of the U.S. tax receipts for an entire year are only two trillion dollars. Now read this:

""This report reveals the inherent conflicts of interest that exist at the Federal Reserve.  At a time when small businesses could not get affordable loans to create jobs, the Fed was providing trillions in secret loans to some of the largest banks and corporations in America that were well represented on the boards of the Federal Reserve Banks.  These conflicts must end," [Senator Bernie] Sanders said."

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Modern political money

From Rachel Maddow's blog:

[T]he playing field has changed in fundamental ways. In the traditional model, we'd see two major-party candidates, each backed by their respective national party. In 2012, President Obama's campaign team will effectively have two extremely well-financed opponents: Mitt Romney and the RNC, which are projected to raise at least $800 million, as well as a $1 billion outside attack operation. Obama, in other words, is going to face a far-right wall of at least $1.8 billion between now and Election Day. To say this is without precedent in a major democracy is a dramatic understatement.

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Obama campaign demolishes mostly false Romney ad

Here's a different way to respond to false accusations: Set up your spokesperson to look like a news reporter and state the facts, as confirmed by Politifact. In other words, cut the ominous (or patriotic) music, stare into the camera and treat viewers like adults: Anyone who visits Dangerous Intersection knows that I have serious reservations about Barack Obama (e.g., see here), but this Romney ad is full of provable lies. For conservatives, getting Barack Obama out of office has become a sacred quest, which translates to the means justifies the end. It is quite predictable that Democrats will have their own buckets of falsehoods. All of this brings to mind Jonathan Haidt's admonition that morality "binds and blinds." And see Haidt's discussion with Bill Moyers here.

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Obama lapses

I voted for Barack Obama. I was convinced (and I still am convinced) that he was a much better candidate than John McCain. But I also recognize that Barack Obama is a President with massive flaws. See, for example, the many items on these lists. Not that I agree with everything on the the following lists. Not that these lists include every reason I am disappointed with Barack Obama.

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