That’s What They Think, Friday 3/26/2010

by A. Jay Adler on March 26, 2010
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Matthew Yglesias - Pelosi As Trailblazer

Of course, the Pubs despise her. More, less than Obama? Is she Goering? Goebbels? (How did we ever revile people before we had Nazi references? I know – anti-Christ.) And, of course, Tom Delay was so much more attractive a figure. The truth is – one more “of course” – were she doing what she does for them, for their ideas, they’d put her lipstick on a pig and frolic in the trough.

GAWKER.TVJoe Biden’s Gaffes: A Foot-in-Mouth Chronology

Ya gotta love our Joe. But they left out a late, great one: his “God bless her soul” to Irish P.M. Cowen’s still breathing mother.

Gene, Harry’s Place -Venezuelans Under Threat

Calling Sean Penn. Harry Belafonte?

Yuri Mamchur, Russia BlogDoes Russia Want a Nuclear-Armed Iran?

Maybe, after all, Russia and American can be, should be, and are strategic partners. And maybe the U.S. should trust Russia on its Iranian policies, taking into consideration such facts as that Russia has a five-century-long (!!!) intelligence presence in Iran, that Iran’s every nuclear-related facility is flooded with Russian experts and spies, and that an Islamic nuclear-armed nation on Russia’s border is the last thing Russian leadership and people would ever want.

David M. Herszenhorn and Tamar Lewin, The New York Times –  Student Loan Overhaul Approved by Congress

The federal government took all the risk of the loans, the “free market” banks reaped the fees and profits. This should have made neither liberal nor conservative happy.

Ending one of the fiercest lobbying fights in Washington, Congress voted Thursday to force commercial banks out of the federal student loan market, cutting off billions of dollars in profits in a sweeping restructuring of financial-aid programs and redirecting most of the money to new education initiatives.

The revamping of student-loan programs was included in — if overshadowed by — the final health care package. The vote was 56 to 43 in the Senate and 220 to 207 in the House, with Republicans unanimously opposed in both chambers.

According to the CBO, this direct lending will save $61 billion over ten years, “directing $36 billion over 10 years to Pell grants, for students from low-income families.” The legislation does not place any legal bar on banks offering their own student loan products, programs through which the banks, operating as true free enterprises, might assume the risk and receive any profits. What’s to complain?

“The Democratic majority decided, well look, while we’re at it, let’s have another Washington takeover,” said Senator Lamar Alexander, Republican of Tennessee and a former federal education secretary. “Let’s take over the federal student loan program.”

In other words, “Keep your federal hands off our federal student loan program.” Incoherence, Republican is thy name.



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