Colonel Sanders

One of those quotes that needs no introduction; independent Senator Bernie Sanders:

"I think that with Al Franken coming on board, you have effectively 60 Democrats in the caucus, 58 and two Independents," Sanders said in an interview with the Huffington Post. "I think the strategy should be to say, it doesn't take 60 votes to pass a piece of legislation. It takes 60 votes to stop a filibuster. I think the strategy should be that every Democrat, no matter whether or not they ultimately end up voting for the final bill, is to say we are going to vote together to stop a Republican filibuster. And if somebody who votes for that ends up saying, 'I'm not gonna vote for this bill, it's too radical, blah, blah, blah, that's fine.'"

Exactly. Naturally, no Democrat in the Senate will see it this way, and they'll continue to be feckless drones to whatever the David Broders of the world seem to think constitutes "serious" opinion. Step Two: ? Step Three: Profit!

Ceterum censeo GOP esse delendam

David Brooks, the man who (uh, more or less) admits to covering for John McCain these past ten long years, is officially off the bus with regard to the bleeding edge (circa 1984) economic and geopolitical thinking of the current GOP:

It has been interesting to watch them on their single-minded mission to destroy the Republican Party. Not long ago, they led an anti-immigration crusade that drove away Hispanic support. Then, too, they listened to the loudest and angriest voices in their party, oblivious to the complicated anxieties that lurk in most American minds.

Now they have once again confused talk radio with reality. If this economy slides, they will go down in history as the Smoot-Hawleys of the 21st century. With this vote, they’ve taken responsibility for this economy, and they will be held accountable. The short-term blows will fall on John McCain, the long-term stress on the existence of the G.O.P. as we know it.

I’ve spoken with several House Republicans over the past few days and most admirably believe in free-market principles. What’s sad is that they still think it’s 1984. They still think the biggest threat comes from socialism and Walter Mondale liberalism. They seem not to have noticed how global capital flows have transformed our political economy.

Every now and then, even a blind pig finds a nut. He then applies lipstick with it. Badly:

What we need in this situation is authority. Not heavy-handed government regulation, but the steady and powerful hand of some public institutions that can guard against the corrupting influences of sloppy money and then prevent destructive contagions when the credit dries up.

Er, okay, David. We'll have some non-regulating regulations out for you by lunch. Nice talking to you.

The real conclusion is reached by Brad DeLong:

This Republican Party needs to be burned, razed to the ground, and the furrows sown with salt...

Yep. Methinks this is the end of the beginning of the end of the current political structure. Whether or not the GOP will be a part of what follows depends heavily on the next few weeks and months.

Why the bile? Why especially now? Perhaps this has something to do with it:

[NBC's Andrea Mitchell reported that] leading Republicans who are close to [Newt Gingrich said] he was whipping against this up until the last minute when he issued that face-saving statement [claiming he was in favor of the bailout bill]. Newt Gingrich was telling people in the strongest possible language that this was a terrible deal, not only that it was a terrible deal, that it was a disaster, it was the end of democracy as we know it, it was socialism. And then at the last minute comes out with a statement when the vote is already in place.

[...]

NBC’s Mike Barnicle said he had been told by congressional conservatives that the move was “the opening salvo of Newt Gingrich’s presidential campaign four years hence.”

Cynicism, thy name be Newt. Where's Ross Perot and some pie-charts when you need him? Let's hope there's a recognizable country left for one of them to run into the ground come 2012.

We ought to route him into Lake Michigan, at least we'll avoid killing innocent people.

Looks like the GOP is taking its own advice. ~60% of them voted against the bailout bill. The Dow promptly closed down 777 points. Tomorrow, it would seem, is when the shit really hits the fan:

...new worries were building inside the nearly $2 trillion world of hedge funds. After years of explosive growth, losses are mounting — and so are concerns that some investors will head for the exits.

....The big worry is that a spate of hurried sales could unleash a vicious circle within the hedge fund industry, with the sales leading to more losses, and those losses leading to more withdrawals, and so on. A big test will come on Tuesday, when many funds are scheduled to accept withdrawal requests for the end of the year.

“Everybody’s watching for redemptions,” said James McKee, director of hedge fund research at Callan Associates, a consulting firm in San Francisco. “And there could be a cascading effect, where redemptions cause other redemptions.”

All over but the crying. It's been a good run. Man on the moon, and all that. Somebody turn the lights out on the way out the door. Krugman notes there's no parking in the White Zone.

Fucktards

NYT reports:

Supporters of the plan, which revised the Foreign Intelligence Surveillance Act, said that the final vote reflected both political reality and legal practicality. Wiretapping orders approved by a secret court under the previous version of the surveillance law were set to begin expiring in August unless Congress acted, and many Democrats were wary of going into their political convention in Denver next month with the issue hanging over them—handing the Republicans a potent political weapon.

So the crack group of thinkers running the Democrat Party responded by...handing the Republicans a potent political weapon. Here, Luthor, have some kryptonite. I know there's nothing you can do with this. Ha, see how I've outmaneuvered you by giving you the thing with which to kill me.

Naturally, the Democrat had a cunning plan:

Democrats pointed to some concessions they had won from the White House in the lengthy negotiations. The final bill includes a reaffirmation that the surveillance law is the “exclusive” means of conducting intelligence wiretaps — a provision that House Speaker Nancy Pelosi and other Democrats insisted would prevent Mr. Bush or any future president from evading court scrutiny in the way that the N.S.A. program did.

Ho ho ho, they sure showed the GOP. First, let me legalize everything illegal you've been doing for years. Then, I'll also let you and your enablers off the hook without EVER checking into what, exactly, it was you were even doing. Then, I'll reaffirm, in a very strongly worded letter, that the law is the law! Amazing, really. Such strict terms.

Worth noting that a GOP Congress couldn't get this piece of shit passed; for that, we needed the Democrats in charge. Brilliant. Thank God Dear Leader is reportedly happy and expected to sign the bill into law quickly. Wouldn't want to inconvenience or annoy the least popular President in the history of polling. Why, that might make the Democrat appear weak and feckless.