Wall St. Dancing On The Grave Of The Public Option

MARKET WATCH: “The public option, whether we have it or we don’t have it, is not the entirety of health-care reform,” Obama said on Saturday in Grand Junction, Colo. “This is just one sliver of it.” Bucking a bearish Monday trend in the broader stock market, shares of health-insurance companies including UnitedHealth Group Inc.  (UNH 28.95, +0.47, +1.65%) and Aetna Inc. (AET 29.54, -0.09, -0.31%) rose after the comments by Obama as well as members of his administration over the weekend. Health insurers have fought a public plan. Republicans, long opposed to a public plan, seized on comments made Sunday […]

WORTH REPEATING: The Tree Of American Crazy

WASHINGTON POST: So the birthers, the anti-tax tea-partiers, the town hall hecklers — these are “either” the genuine grass roots or evil conspirators staging scenes for YouTube? The quiver on the lips of the man pushing the wheelchair, the crazed risk of carrying a pistol around a president — too heartfelt to be an act. The lockstep strangeness of the mad lies on the protesters’ signs — too uniform to be spontaneous. They are both. If you don’t understand that any moment of genuine political change always produces both, you can’t understand America, where the crazy tree blooms in every […]

STUDY: Marijuana Is NOT A Gateway Drug

SCIENCE BLOG: Marijuana is not a “gateway” drug that predicts or eventually leads to substance abuse, suggests a 12-year University of Pittsburgh study. Moreover, the study’s findings call into question the long-held belief that has shaped prevention efforts and governmental policy for six decades and caused many a parent to panic upon discovering a bag of pot in their child’s bedroom. The Pitt researchers tracked 214 boys beginning at ages 10-12, all of whom eventually used either legal or illegal drugs. When the boys reached age 22, they were categorized into three groups: those who used only alcohol or tobacco, […]

NO DEPRESSION: Fed Declares Recession Over

NEW YORK TIMES: Almost exactly two years after it embarked on what was the biggest financial rescue in American history, the Federal Reserve said on Wednesday that the recession is ending and that it would take a step back toward normal policy. Though the central bank stopped well short of declaring victory, policy makers issued their most upbeat assessment in more than a year by saying that the downturn appears to have hit bottom and that consumer spending, financial markets and inventory-building by corporations all continued to stabilize. The central bank cautioned that the recovery would be slow and that […]

Boo Birds A No-Show At Sestak Health Care Forum

[Photos by RAY SKWIRE] BY GREG ADOMAITIS The chants of “People! Not profits!” and signs calling  for the death of the Obama health care plan stayed out on the sidewalk when Congressman Joe Sestak [D-PA] packed the Broad Street Ministry last night for a largely shout-free town hall forum on health care reform. The event drew an overflow crowd, not only was the main floor packed but so was the basement where workers were running up questions from those downstairs to put before Sestak. It was so full that by 8:30 p.m. there were police in the lobby claiming it […]

THE TOWNHALL TEMPER TANTRUMS WILL BE TELEVISED: Raging Against The Dying Of The White

?Embedded video from CNN Video HUFFINGTON POST: The entire episode, carried live by all three major cable news stations, offered a window into the type of conservative histrionics currently being exhibited at these town hall forums. It also, at least in one instance, exposed how unconstructive some of these opponents of reform truly are. After one participant detailed his concerns with the legislation, Specter asked the gentleman what he would like to see done. “Some of the things I would like to be done, okay, are…” the man paused, searching for an answer. “Tort reform!” the crowd screamed. “Tort reform, […]

SEN. NERO: Pileggi Tells Philly To Hurry Up & Wait

INQUIRER: Under mounting public pressure, State Senate Majority Leader Dominic Pileggi predicted yesterday that a pair of measures sought by Mayor Nutter to rescue Philadelphia’s budget would be approved, but he warned that there would not be a vote for at least several weeks. If Pileggi (R., Delaware) is right, and Harrisburg approves the penny-per-dollar city sales-tax hike and pension restructuring that Philadelphia has asked for, the city would avoid the mass layoffs and most of the crippling service reductions — such as closures of most libraries and all recreation centers — that Nutter has warned will be necessary if […]

LYING LIARS: Stop The Insanity!

[via POLITIFACT] USA TODAY: Some August town hall meetings around the country have degenerated into furious shouting matches, driven by outrageous misinformation borne of many sources. The Internet spreads anonymous chain e-mails to a public that is both vulnerable and gullible. Groups with a financial or ideological interest give the rumors a boost. Talk radio provides an echo chamber for the demonizers. […] The distortions have become so numerous that they’ve often won Politifact.org’s “pants on fire” award (as in “liar, liar, pants on fire”). So in the interest of correcting some of the misinformation, here are a few truths […]

BORN IDENTITY: You’ve Been Punk’d!

TALKING POINTS MEMO: It now looks like the forged “Kenyan” Obama birth certificate that was briefly promoted by the Birthers — actually an altered copy of a decades-old South Australian birth certificate — was deliberately designed as a prank on the Birther movement itself, Dave Weigel reports. An anonymous person has put up an Internet posting showing photos of the document, against a bedsheet background that matches the photo promoted by Orly Taitz. One of the photos shows a crumpled up certificate with the following message written on it: “YOU’VE BEEN PUNK’D!” MORE [via FEARLESS BLOGGING] Fine cotton business paper: […]

INFINITE JUSTICE: Leader Of Pakistani Taliban Reportedly Killed By U.S. Hellfire Missile Strike

[Photo by ANDRES] THE GUARDIAN: For a time, Baitullah Mehsud [picutured, below right] appeared to have cloaked himself in the historical garb of the Faqir of Ipi, a militant cleric whom British colonial troops spent much of the 1930s and ’40s chasing through the mountain passes of Waziristan. “They sought him here, they sought him there, those columns sought him everywhere,” went an old British couplet that equally applied to Mehsud as he shrugged off efforts by Pakistani and, more recently, US forces to kill him. In June a CIA-operated drone fired a barrage of missiles at a funeral for […]