Elizabeth Warren and plenty of media liberals are in a panic that the Omnibus bill, nicknamed "CRomnibus," is some sort of horrible right-wing Trojan Horse that will grind us all into domination by investment banks.
One of the most perverse consequences of the feverish backroom deals used to get Obamacare past the finish line was the funding formula for the law's Medicaid expansion, which started with the infamous Cornhusker Kickback, a sweetheart deal for Nebraska alone to get 100 percent federal funding for Medicaid expansion that was used to get then-Senator Ben Nelson's vote.
Can Elizabeth Warren, the progressive senator from Massachusetts, wrest the Democratic presidential nomination from Hillary Clinton? Moreover, could she somehow leap an even higher hurdle and succeed Barack Obama?
If you believe the recently released Senate Intelligence Committee torture report, you might be tempted to conclude that the CIA lied to the press and the public and to Congress about the extent and effectiveness of its torture campaign. And that conclusion would be correct, sir.
Oil, like political punditry, is a commodity, traded freely on the open market and subject to the laws of supply and demand. The difference of course is that punditry enjoys an abundant and renewable supply, flows freely, and produces nothing of value. Oil, on the other hand, is actually important. The problem is that people think they are related.
The political class breathed a sigh of relief Saturday when the US Senate averted a government shutdown by passing the $1.1 trillion omnibus spending bill. This year's omnibus resembles omnibuses of Christmas past in that it was drafted in secret, was full of special interest deals and disguised spending increases, and was voted on before most members could read it.
Torture is illegal. Period. End of debate. There is no legal, moral or probable justification for torture. It's against the Bill of Rights; it's against the Geneva Convention; it's against United Nations Convention Against Torture (ratified by the U.S. in 1994); it's against every state statute from every modern constitutional democracy and every decent and encouraging proposal coming from humanity in the last century.
They say there's been a recovery, but most of us haven't seen it. Our economy is creating more jobs, but they don't match the wages, benefits and working conditions of the ones we've lost. The stock market is at a historic high, but its gains seem eerily divorced from how the economy is actually performing. Unfortunately, it looks like just another speculative bubble.