Fed Lends Two Trillion Without Oversight

by matttbastard

American News Project:

So, you know about the Treasury’s $700 billion bailout plan. But you probably don’t know that the Federal Reserve has lent out $2 trillion since September. Few do. And that is what’s irritating bulldog Congressman Alan Grayson. Will he be able to shed a light on the Fed’s secret spending?

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GOP Dominates Stimulus Debate 2:1 on Cable News: Think Progress

by matttbastard

Oh, that liberal media!

Yes, kids, this really is what they call “balance” in corporate media newspeak. We should all be thankful that cable news programming directors are encouraging such a stimulating (snerk) debate as the president attempts to unshit the bed that (too many years) of GOP rule and freemarket orthodoxy has left soiled beyond recognition.

As Digby put it, “If I didn’t follow politics closely, I would think these people [Republicans] are the ones who won the election.”

x-posted @ Rebel Left

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Action, please, nao.

guest post by Sarah J

So on the “What Now” subject: The economic stimulus bill is up before Congress this week and it’s going to have a rough time in the Senate. The House has the votes along party lines, but the Senate, well, you know the score.

If you’re like me and you live in a state with a rational Republican senator, email/call/picket his or her office (I’m thinking Specter–my Senator–the two from Maine, Voinovich…you know what I mean.) Harass the hell out of ’em. Flood their offices. We need this passed and we need it now.

I’d prefer if we could get this back in, but Obama had to at least look like he was willing to compromise. If the Republicans keep stonewalling, we need to remind ’em who won this election.

We all do a lot of talking and writing, some of it can certainly go in the direction of elected officials. If one of those people isn’t your Senator, fake some sort of a connection and go for it. State you were born in? State where your grandma lives? State you slept in once on an all-night booty call? Whatever.

Let’s do this.

http://www.senate.gov/

(x-posted at Alterdestiny and Season of the Bitch)

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