The Commentariat -- June 5
No Commentariat today, as I'm on the road. I've posted an Open Thread on Off Times Square, though, so you can do the weading today.
Well, okay, a teeny bit of Commentariat:
Economics Nobel Laureate Peter Diamond defends himself in a New York Times op-ed against the arrogant, stupid Sen. Richard Shelby (R-Ala.) who has blocked Diamond's appointment to the Federal Reserve because Shelby says Diamond doesn't know enough. CW: It appears Diamond is defending himself because Obama won't bother. What a revolting state of affairs.
Andrew Martin of the New York Times: "The Obama administration’s main program to keep distressed homeowners from falling into foreclosure has been aimed at those who took out subprime loans or other risky mortgages during the heady days of the housing boom. But these days, the primary cause of foreclosures is unemployment. As a result, there is a mismatch between the homeowner program’s design and the country’s economic realities — and a new round of finger-pointing about how best to fix it." ...
... Michael Fletcher of the Washington Post: "Reversing the economic decline fueled by the housing bust is a paramount test for President Obama as he campaigns for reelection. The president’s challenge is particularly pressing in potential swing states such as Florida, Nevada and Arizona, where stubborn joblessness and the pain from the collapse in real estate is most acute. It is in these places where Obama will face pointed questions from voters who think the administration’s policies have done little to make things better." ...
... CW: what gripes me about the two stories above is that ultimately they're all about Washington politics -- how is Obama going to balance Republicans demands to do nothing for anybody? how is this double whammy going to affect Obama's chance for re-election? There is very little concern (less than none from those despicable, callous Republicans) for the actual victims of the economic crisis: people hit with a double whammy -- lost their jobs, losing their homes. ...
... CBS News reports on a bank foreclosure you'll actually like.
Howard Dean Poses Scariest Scenario Ever. Alexander Bolton of The Hill: "Howard Dean, the former Democratic National Committee chairman who helped Democrats capture the White House in 2008, warns that Sarah Palin could defeat President Obama in 2012. Dean says his fellow Democrats should beware of inside-the-Beltway conventional wisdom that Obama would crush Palin in a general-election contest next year."
News Ledes
New York Times: "Portugal’s Social Democrats unseated the governing Socialists with a resounding parliamentary election victory on Sunday, giving the next government a strong mandate to enact a tough austerity program in return for 78 billion euros, or about $114 billion, international bailout. Pedro Passos Coelho, the leader of the Social Democrats, is expected to become the next prime minister, at the helm of a center-right coalition government with the conservative Popular Party."
New York Times: "Israeli forces fired at pro- on Sunday as they tried to breach the border for the second time in three weeks, reflecting a new mode of popular struggle and deadly confrontation fueled by turmoil in the Arab world and the vacuum of stalled peace talks." protesters on the Syrian frontier
New York Times: "arrived in for urgent medical treatment of wounds sustained in a bold attack on the presidential compound, Saudi officials said, abruptly shifting the political calculus that has allowed him to cling to power despite months of protest and violence." ... on Saturday
’s embattled president, Ali Abdullah Saleh,... Washington Post: "Hours after the Yemen’s president flew to Saudi Arabia for treatment of wounds sustained in a rocket attack, thousands of demonstrators flocked to the streets of the capital Sunday to celebrate what they billed as the latest ouster of an Arab autocrat."
New York Times: "died on Saturday in Charlottesville, Va. He was 80."
, a troubleshooting diplomat and senior foreign policy adviser to presidents who served the country for more than 40 years, including 42 days as secretary of state at the close of President George Bush’s term,