Top Items:
Time:
BANKS: Deposits Guaranteed … Through the great banking houses of Manhattan last week ran wild-eyed alarm. Big bankers stared at one another in anger and astonishment. A bill just passed by both houses of Congress would rivet upon their institutions what they considered a monstrous system of guaranteeing bank deposits.
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The White House:
Remarks by the President on Wall Street Reform Cooper Union, New York, New York — THE PRESIDENT: Thank you very much. Everybody, please have a seat. Thank you very much. Well, thank you. It is good to be back. (Applause.) It is good to be back in New York, it is good to be back in the Great Hall at Cooper Union.
Ezra Klein:
What would FDR do? — In 1936, Franklin Delano Roosevelt took the podium at Madison Square Garden to deliver a message to his critics. “We [have] had to struggle with the old enemies of peace,” he said. “Business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering.
Peter Baker / New York Times:
Obama Issues Sharp Call for Reforms on Wall Street — WASHINGTON - President Obama is traveling to the shadow of Wall Street on Thursday to counter what he calls “the furious efforts of industry lobbyists” trying to weaken or kill new financial regulations that he says are needed to stave off a second Great Depression.
Myglesias / Matthew Yglesias:
Higher Taxes: The Solution to Obscene Wall Street Profits — Ezra Klein uses some charts and graphs to demonstrate how profits and compensation have skyrocketed on Wall Street, and concludes: … I don't really understand this progressive passion for trying to micromanage the structure of the American economy.
Discussion:
Ezra Klein
Rep. John Boehner / Investor's Business Daily:
President Obama's ‘TARP Forever’ Act
Discussion:
The Note, Salon, Economix, Wall Street Journal, Bloomberg, NY Daily News, Los Angeles Times, Newshoggers.com and The Reaction
Victor Zapanta / Think Progress:
VIDEO: The GOP's Solution To Everything — Let's ‘Start Over’
Discussion:
Grasping Reality …
Dave Itzkoff / ArtsBeat:
‘South Park’ Episode Is Altered After Muslim Group's Warning — A message posted on SouthParkStudios.com, the Web site of Trey Parker and Matt Stone's production company. — 8:56 a.m. | Updated — An episode of “South Park” that continued a story line involving the Prophet Muhammad …
Discussion:
Hot Air, NewsBusters.org, Tim Blair, Big Hollywood, Left Coast Rebel, Mediaite, NY Daily News, PopEater and Gates of Vienna
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Reuters:
Exclusive: WellPoint routinely targets breast cancer patients — (Reuters) - One after another, shortly after a diagnosis of breast cancer, each of the women learned that her health insurance had been canceled. First there was Yenny Hsu, who lived and worked in Los Angeles.
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CNN:
Poll: Obama gets thumbs down on Israel — One third of Americans approve of how President Obama is handling the conflict between Israel and the Palestinians, according to a new poll. — Washington (CNN) - Only a third of Americans approve of the way President Obama's handling …
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Carrie Budoff Brown / The Politico:
Reid moves forward with reform vote — Senate Majority Leader Harry Reid (D-Nev.) said Thursday that he will not wait for Democrats and Republicans to reach a bipartisan compromise on a Wall Street reform bill, pledging to move ahead with the first key test vote Monday.
Discussion:
The Note, The Hill, Washington Monthly, The Page, TPMDC, ourfuture.org/blogs_chrono/* and Gateway Pundit
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Reuters:
The tea party's exaggerated importance — 2009 was the year when many journalists concluded they were slow to recognize the anti-government, anti-Obama rage that gave birth to the tea party movement. — 2010 is the year when news organizations have decided to prove they get it. — And get it.
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Ralph Z. Hallow / Washington Times:
Internal RNC probe finds financial controls in disarray — Barely 6 1/2 months before the midterm elections, an internal investigation by the Republican National Committee has revealed that the organization is beset with questionable financial management and oversight and is spending …
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Greg Sargent / The Plum Line:
Michael Steele Acknowledges GOP Had “Southern Strategy” For Decades
Discussion:
GayPatriot, JOSHUAPUNDIT, Right Now, Wonkette, Washington Monthly, Liveshots and Bob Cesca's Awesome Blog!
George F. Will / Press Association:
Bringing Thunder-ous change to New Jersey — The bridge spanning the Delaware River connects New Jersey's capital with this town where the nation's most interesting governor occasionally eats lunch at Cafe Antonio. It also connects New Jersey's government with reality.
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Charles Babington / Associated Press:
Obama suggests value-added tax may be an option — WASHINGTON - President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openness to the idea than his aides have expressed in recent days.
Discussion:
McClatchy Washington Bureau, Conservatives4Palin.com, Mish's Global Economic …, PoliBlog, Investor's Business Daily, Moonbattery, The Foundry, The Note, Hot Air, Shakesville, Jules Crittenden, Gateway Pundit, Political Punch, Commentary, Washington Post, Another Black Conservative, Shot in the Dark, Townhall.com and Pajamas Media
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Thomas Fitzgerald / Philly.com:
In Pa. House race, identity politics with a twist — It's happened so often that it's now a cultural cliche: the gay politician pretending to be straight. In most parts of the nation, homosexuality or bisexuality is a clear electoral liability. — Not in Center City's 182d state House district.
Marist Poll:
4/22: Making Change with the 50 Dollar Bill — A Republican congressman from North Carolina has proposed legislation that would replace the image of President Ulysses S. Grant on the fifty dollar bill with that of President Ronald Reagan. Do Americans want this change to occur?
Jonathan Chait / The New Republic:
Conservative Radio Silence On Financial Regulation — Yesterday I commented on the miraculous nature of the sudden revival of financial reform. One other key element in this upsurge is the intellectual disarray on the right. Conservatives do not know what to say or think about this.
Heather / Crooks and Liars:
Anderson Cooper Asks Birther Arizona Rep. Cecil Ash Why He's Perpetuating Internet Rumors — Anderson Cooper does a pretty good job with calling out wingnut birther Arizona State Representative Cecil Ash for his decision to support a bill that would make Arizona the first official birther state (edited to make it safe for work):
Tim Shipman / Daily Mail:
'I've gone from being Churchill to a Nazi in a week': Clegg defends attack on Britain's ‘delusions of grandeur’ over WWII — A rattled Nick Clegg today sought to defend himself over his claim that the British people have a ‘more insidious cross to bear’ than Germany over World War II.
Discussion:
Guardian, The Daily Dish, Telegraph, Weekly Standard, thetorydiary, Swampland, Iain Dale's Diary, MyDD and THE ASTUTE BLOGGERS
Fox News:
Rove's Take: Races to Watch in November, Finance Regulation Reform and Tea Party Power — This is a rush transcript from “On the Record,” April 21, 2010. This copy may not be in its final form and may be updated. — GRETA VAN SUSTEREN, FOX NEWS HOST: Tonight: Get this. Karl Rove is a roadie?
Yves Smith / naked capitalism:
Blankfein: Suit Against Goldman Will “Hurt America” — An interesting disconnect exists between Goldman's public posture on the SEC's suit against it over its Abacus 2007 AC1 deal and its private remarks. The firm has maintained that the charges are baseless and politically motivated …
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