LIVE AT FIVE – 08.03.11

— compiled by Wombat-socho


TOP NEWS
Short-Term FAA Funding In The Works

Senator Barbara Boxer

Democratic Congressional leadership proposes clean funding bill to get furloughed workers back on job, taxes collected again; will GOP agree to unanimous consent without cuts to subsidy program?



Budget Battles Shift To Smaller Arena
Joint committee will face same issues that made debt ceiling problem so intractable

Mubarak Returns To Cairo For Trial
Rival youth groups brawl outside trial venue, reflecting divisions in Egypt over former dictator’s actions



POLITICS
Reuters: Obama Damaged By Outcome Of Debt Ceiling Fight

President Obama has some remarks after signing the debt ceiling bill

Only a hack like Bob Shrum would think the President was being reasonable

Huntsman Slams Romney On MassCare

Missouri Law Bars Teachers, Students From Friending On Social Media Sites

Mississippi Primaries Thin Field For Governor’s Race

Lobbyist Forms Two Veterans’ Groups To Back Perry Run

Obaam Still Poised To Celebrate 50th Birthday With Fundraisers



THE ECONOMY, STUPID
US Keeps AAA Rating But Moody’s Assigns Negative Outlook
Investors Fear New Economic Downturn
Italian Borrowing Costs Hit Ten-Year High
Marathon Oil Considering More Spinoffs
Is The Bull Market Over?
Facebook Buys A Book Publisher
Biggest Series Of Cyberattacks In History Uncovered; PRC Suspected
Google Gears Up For Battle With Groupon
HP Drops TouchPad Price To Spur Sales
AOL Delivers Personalized Magazine To The iPad



SPORTS
Nassau County Exec Explores Options After Voters Nix Stadium Bonds

Nassau Coliseum, home of the NHL's New York Islanders

Mangano looking to stimulate jobs, retain Islanders after lease expires in 2015

NBA Files Labor Charge, Lawsuit Against Union

Weaver Appeals Six-Game Beanball Suspension


Home Run In The Rain Boosts Tigers Past Rangers, 6-5

Danica Patrick To Remain Loyal To Indy 500 Even After Move To NASCAR

The Big Donkey’s Season-Long Misery In Chicago Continues

Ellsbury Lines Walk-Off Single In 9th To Keep Red Sox Atop AL East

Home Run Barrage Propels Nats To Another Victory Over Braves



FAMOUS FOR BEING FAMOUS
Redmond O’Neal Arrested On Narcotics Charges

Redmond O'Neal, son of Ryan and Farrah Fawcett

Traffic stop finds heroin in his car

Friends “Not Surprised” By Ronson’s DUI Arrest

Jennifer Lopez Gives Vanity Fair First Interview After Divorce

Miley Cyrus Fans Are Not Amused By Her Shenanigans

“Two And A Half Men” Season Premiere Two-Parter Loaded

Royals On A Shoestring

Kings Of Leon Bandmates Urging Caleb Followill To Enter Rehab

Linda Evangelista Seeking $46K/Month Child Support

Blake Lively, Leonardo DiCaprio Go Riding Bikes In NYC



FOREIGNERS
Iraqi Leaders Authorize Maliki To Discuss Longer Stay For US Troops
UN Revives Resolution To Condemn Syria
Aid Groups In Somalia Granted Leeway To Feed Militants
NATO Sends More Troops Kosovo After Border Unrest
Pakistan Asks US For Clarity In War On Terror
“Comedian” Gets Six Months For Murdoch Pie Attack



BLOGS & STUFF
Nice Deb: Tea Party Groups To Tour Wisconsin In Support Of Republicans Facing Recalls
Allahpundit: Mike Lee To Form New PAC, May Use It To Primary GOP Incumbents
Babalu: Eternal Sunshine Of The Spotless Joe Biden Mind
Cafe Hayek: Shame On You, Joe Nocera
PJ Tatler: Pelosi Already Plotting To Kill Entitlement Reform In “Super Congress”
Don Surber: Saving Matt Damon
Firedoglake: The Hidden History Of The Debt Limit Hijack – Democrats Started It
Paul Ryan: Where’s Your Budget, Mr. President?
The Lonely Conservative: The Munchhausen President
JammieWearingFool: General Honore Blasts Congress
Jihad Watch: Muslim Prison Inmates Planning “Massive Attack”?
Bret Stephens: The Obama Downgrade, Alphabetically
Jeffrey Lord: American Tipping Point


SOTD: Both Ends Burning

I … See … Crazy People

One of the amazing things about the whole debt-ceiling episode is how it has caused liberals to say stuff even crazier than the crazy stuff they usually say. Michael Lind at Salon:

The debt ceiling crisis is the latest case in which the radical right in the South has held America hostage until its demands are met. Presidents Andrew Jackson and Abraham Lincoln refused to appease the Southern fanatics. Unfortunately, President Obama and the Democrats in Congress chose not to follow their example and instead gave in. In doing so, they have encouraged the neo-Confederate minority in Congress to find yet another opportunity in the near future to extort concessions from America’s majority by sabotaging America’s government.

That’s some 180-proof crazy. But when it comes to pure high-octane crazy, nobody beats Amanda Marcotte:

Now it’s time to reflect on how our country has gone so far off track that we can’t even handle the basic responsibility of keeping the country from plunging into a manufactured crisis that nearly led to economic collapse. There are multiple causes, but one that hasn’t been discussed much is abortion.
Yes, abortion. Or, more specifically, the sustained sex panic that has been going on in this country since the sixties and seventies, when the sexual revolution occurred and women secured their reproductive rights. . . . [I]t’s sex panic that helped create the modern right-wing populist, and it’s the modern right-wing populist that created the current crisis. . . .
The genius of conservative leadership was that they were able to take all this anger about sexual freedom and desegregation and put the blame on two enemies: Democrats and the federal government.

So it’s neo-Confederates and/or “sex panic” that cause people to, uh . . . . Wait, what are we talking about? The federal debt.

The only way to exempt yourself from these bizarre accusations is to support infinite deficit spending. Otherwise, you’re like a giant inkblot in a Rorshach test, onto which Michael Lind and Amanda Marcotte will project their paranoid fears. You can’t simply debate fiscal policy with people like Lind and Marcotte, because they are endowed with the Magical Mind-Reading Power of Liberalism, which enables them to discern that you’re really a sex-panicked neo-Confederate upset about desegregation and “reproductive rights.”

It’s like having Charles Manson call you a psychotic.

UPDATE: Here’s a classic. On Sunday morning, Marcotte proclaimed to the world that “sex panic” explained the debt-ceiling dispute. But Tuesday, once she’d seen Lind’s neo-Confederate theory, she suddenly decided his theory was exactly right:

Southern whites have disproportionately tried to fuck up everything great about this country, all because of their racial resentments and backasswards views on gender . . .

Notice that “backasswards views on gender” now emerge as a uniquely regional trait of the South, as Marcotte evidently hopes to engraft her “sex panic” theory onto Lind’s Dixiefied theory. But either way, it’s the same thing: If you don’t agree with liberals, it can only be because there’s something wrong with you.

Your disagreement therefore licenses liberals to diagnose your disorder, a prerogative to which they are entitled, because they are your intellectual and moral superiors. And I remind you that this habit — diagnosing dissent as pathological — has been a signature trope of liberalism for more than half a century: Plus ça change, plus c’est la même chose.

Preshizzle Brings The Double Dizzle

by Smitty

Yid with Lid enumerates the news, then points out the coming Equality of Condition:

The only possible good news coming out of the latest economic reports is the “class warfare” approach is likely to end soon. Not because of any change of heart by the President, but because the ruined economy will leave everyone in the same, poor class.

As we were chatting on Twitter, YWL and I, it came to me that facing reality is not a Bad Thing, though it may be temporarily painful. Frankie Smith (no relation) doubles down on the double dip with the new transportation plan we’ll be using when we can no longer afford to fuel individual cars:

Higher Education Bubble, IYKWIMAITYD

If Glenn Reynolds hasn’t linked this yet, it’s only a matter of time:

As the cost of college skyrockets, and students and recent graduates get buried under “piles of student debt and a job-scarce, lackluster economy,” more and more of them are turning to “sugar daddies,” says Amanda Fairbanks at The Huffington Post. Sites like SeekingArrangement.com, SeekingTuition.com, and SugarDaddyMeet.com allow young, mostly female students to post “sugar baby” profiles and hook up with a “sugar daddy” for “mutually beneficial relationships,” which often involve a trade of money for companionship and sex. Is this a new way for today’s 20-somethings to pay for college?

Old and busted: “But you’re so much more mature than all those other silly college kids.”

New and hot: “I’m sure those student loan payments must be killing you.”

Dow Drops 266 Points, Both Sides Race to Claim Defeat in Debt-Deal Compromise

Who didn’t see this coming? For months we were warned that financial catastrophe would ensue unless Congress raised the debt ceiling. So Congress raised the debt ceiling and . . . financial catastrophe:

Stocks plunge as economic concerns grow

Associated Press
NEW YORK — A sell-off is erasing all of the year’s gains in the stock market, which has hit its longest losing streak in two years.
All three major stock indexes fell today as investors reacted to more signs of weakness in the U.S. economy and poor earnings from several big companies.
The S&P 500 fell 33 points to close at 1,254. The Dow lost 266 to end the day at 11,867. The Nasdaq composite fell 75 to close at 2,669. . . .

Meanwhile, in an event unprecedented in the history of spin wars, conservatives and liberals rushed to claim that the other side won.

Emily Miller of The Washington Times proclaims that the GOP caved and gave Obama everything he wanted, but Dave Weigel at Slate calls it “a generational defeat for liberals”:

It ended with scenes straight from a Nora Ephron movie, or one of those weaker West Wing episodes with Kristin Chenoweth as the way-too-competent consultant. Gabrielle Giffords returned to the House to cast her first vote since surviving a bullet to the brain. The House and Senate passed a debt-limit deal that got the votes of Nancy Pelosi and John Boehner, Harry Reid and Mitch McConnell. The crisis concluded with a Rose Garden speech, as if someone had just won a war.
All of that obscured the truth about the debt crisis. The truth: It was completely insane. It was, as Democrats say, largely unprecedented and mostly unnecessary. It was, as Republicans say, fogged up with hype that made the politics and market moves uglier than they needed to be. The inevitable tick-tocks of the deal and the slide shows of winners and losers obscure the fact that Washington just blew two months negotiating a 10-year budget cut right before it was about to knuckle down and … negotiate the 2012 budget. . . .
In the Bush era, Republicans once deemed the debt-limit hike as “passed” in another funding bill. In February 2009, Democrats simply added an $800 billion hike in the debt limit—from $11.3 trillion to $12.1 trillion—to the stimulus bill. There was a consensus: Play with the debt limit and you lose. That was true until July 2011, when Republicans played with the debt limit and won. . . .

So here we have a liberal (and really, Dave, any illusion that you’re not a liberal has long since ended) declaring forthrightly that the GOP won, whereas not a single conservative friend of mine agrees.

It has been said that victory has many fathers, while defeat is an orphan, but this bill looks like an unwanted legislative bastard.

Ace of Spades has relevant thoughts, including a dig at Weigel.