All Posts Tagged With: "Chris Dodd"

The Necessity of Consequence: The Pitfalls of the Givernment

Please welcome our newest contributor, Justin Arnold, a writer from Ankeny, Iowa. – Ed.

Gross Domestic Product, unemployment, consumer confidence, bond ratings — the state of a nation can be measured using a series of black and white numbers, and while these tell a large part of the story they leave out a great deal. Every country has in a sense its own unique collective personality built from the attitudes of its people and their shared traditions and history. The journey that this country has taken from its inception to its current greatness has been made possible not by good economic indicators, but by the traits we have carried with us along the way. Through both high points and hard times we have been bolstered …


Holder Voids Case Against Ted Stevens. But Why?

James Joyner at OTB, this morning brings news abot the latest action of Eric Holder’s Justice Dept:

Attorney General Eric Holder has dropped the case against Ted Stevens, NPR’s Nina Toalatenberg reports.

A jury convicted Stevens last fall of seven counts of lying on his Senate disclosure form in order to conceal $250,000 in gifts from an oil industry executive and other friends. Stevens was the longest-serving Republican in the Senate, however, he lost his bid for an eighth full term in office just days after he was convicted. Since then, charges of prosecutorial misconduct have delayed his sentencing and prompted defense motions for a new trial.

According to Justice Department officials, U.S. Attorney General Eric Holder has decided to drop the case against


Above Reproach

Sometimes it takes several days of events to unfold in order for me to put my thoughts in order and develop a coherent article.  Such has been the case this week.

I’m a pretty disciplined reader of the Wall Street Journal.  It’s not that I don’t want to read other newspapers, but I only have so much time, need to read it for my profession anyway, and can get a liberal prospective from any other media outlet at any time.  Sometimes, it helps to read the Journal editorials just so that I know I’m not crazy.

I’ve been following the interesting events lately surrounding the current economic pounding the country is getting.  I’ve commented quite frequently on this site about my disappointment with Congress and …


Economic Healing

Today’s Wall Street Journal contains an op/ed by Brian Wesbury, one of the more level-headed and highly respected economists in the country.  His recommendation is that Congress suspend mark-to-market accounting rules, because investors refuse to put money into companies that may not be around because of phantom valuations of their securities portfolios.

He’s right, and this is an easy and less-costly fix than the one presently being floated around Capitol Hill.  However, since it’s both easy and cheaper and will actually solve the crisis, I guarantee you that Congress will not propose the obvious.

In fact, over the last two weeks I have never seen so much pomposity, arrogance, narrow-mindedness and lack of common sense in Washington.  Senator Chris Dodd (I nearly mis-typed his name–Dodo!) …


Critical Thinking Skills

At 6:00 this morning I was in the middle of my daily 15 minute workout routine, watching CNBC’s Squawk Box and trying to get a read on the markets.  If you’re unfamiliar with this show, it’s hosted by Joe Kernan, Becky Quick and Carl Quintinilla.  If my local cable provider would broadcast Fox Business, I’m sure I’d watch that, but as it is, I’m stuck with CNBC.

It’s your typical morning talk show, except with a business twist.  Mr. Kernan tends to be the conservative of the three and while I generally agree with his viewpoint, every once in a while I’m reminded that this is the sister network to MSNBC and NBC.  Today was my reminder.

They were discussing yesterday’s congressional hearings and testimony …


The Latest Treasury Bailout and the Law of Unintended Consequences

I have to admit, my thoughts regarding the latest financial debacles waver from one extreme to the other.  My initial instinct is that the markets need to be stabilized, and anything that provides a floor for a stock market in apparent free fall is a good thing.

My next thought is that $700 billion is a huge chunk of change, and ultimately, the taxpayer, that is, you and me, is on the hook.  The current US budget is running a significant deficit, Congress and the current Administration have not proven themselves worthy of handling such a large sum of money.  On the other hand, the Treasury is acquiring these assets at a fire sale price, so as a taxpayer, we may be able to recoup …


Another Good Reason To Be A Democrat

It’s so easy to get away with things.  Right in front of everyone.  No one seriously does anything about it.  We’ve seen it with Obama, Clinton, Clinton, and today, with Chris Dodd.

I don’t know why I keep thinking that people like Dodd are respectable and of high integrity.  When Countrywide gave him a great, no a ridiculously incredible deal on his mortgage (his wasn’t a sub-prime, was it?), he had to know right then an there that he was get preferential treatment of an order that was inappropriate for a US Senator.  Add to that the fact he received significant political contributions from the company and then he co-sponsors the Dodd-Shelby housing-bailout bill (that essentially bails out the likes of Countrywide).

And now, National …


FISA Passes the Senate

I’ve got to assume that what we needed has passed the Senate (and will eventually in the House) since the New York Times website headline reads: “Senate Passes Bill to Expand U.S. Spying Powers”. I usually figure I’m getting what I need when the Times tries to make it sound bad.

Senator Christopher J. Dodd of Connecticut, who spoke on the Senate floor for more than 20 hours in an unsuccessful effort to stall the wiretapping bill, said the vote would be remembered by future generations as a test of whether the country heeds “the rule of law or the rule of men.”

But with Democrats defecting to the White House plan, he acknowledged that the national security issue had won the day in the


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