• An enterprising old racist at the Texas State GOP convention this past weekend sold some buttons which quaintly read: “If Obama is president… will we still call it The White House?” How transparently base. Luckily, the Texas Republican Party banned him from further participation in the party.

  • I wrote briefly yesterday that the last two decades of deregulation have resulted in a self-destructive free market and a less effective economy. But if you don’t believe me because I’m not a millionaire, meaning I must be an idiot, Fortune has a good piece on the recent arrest of two Bear Stearns hedge fund executives, including analysis of what their company’s greed-induced collapse (and the massive shock waves it’s sent through our economy) means about the state of Wall Street.

  • The House has OK’d yet another massive war spending bill. This one includes some positive points, though, including unemployment and troop benefits, and relief funds for flood damaged areas.

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