Did you know that it's legal for predatory lenders to charge as much as 521% interest on payday loans?  That's not a typo.

Out of state payday lenders have flocked to Colorado in the last decade because the once right-wing Colorado legislature passed a loophole in 2000 that exempted these predatory lenders from having to charge reasonable interest rates. You've seen them--they cluster along main streets and in low-income neighborhoods, preying on hard-working Coloradans and taking more than $80 MILLION in interest and fees out of our economy every year!

In these times, banks, credit card companies, and these payday loan sharks are making record profits on the backs of Colorado consumers. If we organize, we can take on the payday loan shark industry. We don't have to wait on Washington DC to do anything-the power is right here in Colorado's legislature. They broke it in 2000, and they can fix it today. We want our state legislature to act. 

So my question to you is do you agree? 

I could not agree more with Joe Biden stating: "No democracy has survived needing a supermajority."

While I fundamentally disagree with doing away with the Senate filibuster, but I do agree with modifying it to a 50 + 1 or 55 vote to end filibusters.

The modern Republican party has become the Clown hall party because they were never serious in participating in the democratic process of legislating and governing a nation.  Or else why would they come to agreement not to work with the Democratic party for saving our economy, for fixing a broken health care system, or in giving funding for our national security?  For them the priority is placing their party above all else and damn the consequences for the nation.

Digby says it all:

Stupak and Nelson have finally given the liberals in the House a serious, principled reason to walk away. The dynamics still argue that they won't do it for this or any other reason, and that they will simply allow women to get shafted. (There is apparently no limit to the amount of shit the left must be forced to eat to get this bill passed.)

But the stakes are now higher for liberals than they have been. Voting to restrict a woman's ability to exercize her right to abortion in half the country is as much of a gut check as voting for a bill that doesn't contain a public option. Some might actually calculate that it's a bridge too far. And those who were already leaning toward voting against the bill for all those other reasons will now feel much more secure that they are standing up for liberal principles when they do it.

There is such a thing as the straw that broke the camel's back, even for liberals who desperately want to pass health care reform. This might be it.

Diana DeGette and Louise Slaughter are not on the bandwagon to eliminate a fundamental right for women.

They say the new compromise is possibly unconstitutional, and that they and other pro-choice House members could still reject it.

Big, bad Kent Conrad rattled the Senate sword:

The chairman of the Senate Budget Committee says the House must stick close to the Senate's version of health care reform or risk losing the 60 votes needed to pass it in the Senate.

I agree with Howard Dean that this version of HCR should be DOA.

You had the best chance in decades to make a difference in all of our lives, and you chose to blow it. You don't deserve our praise. Or our votes.

http://www.americablog.com/2009/12/this-isnt-what-we-were-promised.html

Wednesday, President Obama signed the Matthew Shepard and James Byrd, Jr. Hate Crimes Prevention Act, a bill that has been championed mainly by Democratic members of Congress for over a decade in the face of largely Republican opposition based on hideous lies from legalizing pedophilia to canceling the free exercise clause.

Somewhat lost in the celebration and remembrance of Matthew Shepard, the bill's namesake, was the story of Angie Zapata, an 18 year-old transgender woman from Greeley. She was brutally beaten to death with a fire extinguisher and left for dead just over a year ago because, as the thug who murdered confessed, "gay things must die."

“It’s not like I went up to a school teacher and shot her in the head or killed a straight, law-abiding citizen," he boasted to his girlfriend in a jailhouse-recorded phone conversation. And if he were to ever encounter a gay person in prison, he proclaimed that he would kill that "pink-shirt wearing motherfucker."

There's an election on Tuesday! 

If you vote by mail and haven't turned your ballot in yet, hand-deliver your ballot to your County Clerk's office Monday or Tuesday to ensure that it's received in time for your vote to count. Your county may have more than one possible drop-off location for your convenience. If you haven't received your ballot yet, contact your county clerk to find out how to obtain a replacement ballot. Below, we've included some other information that may help.

Whether you're liberal, conservative, progressive, libertarian, or a completely unaffiliated free spirit, vote.

The elections in odd years involve local issues from school boards to city council to county commissioner. There may also be bond issues, initiatives, and referenda--all very local to your city or county. Although elections call to mind voting for President, Governor, and legislature, the fact is that most of what affects our daily lives happens locally. Our schools, our city streets, our zoning boards, even our trash collection are all local issues.

If you don't exercise your right to vote in these local elections, you will miss the best opportunity you will have this year to affect change for yourself and your family.

• According to the Secretary of State, there is an election in every Colorado county except Archuleta, Hinsdale, and Phillips.
• Most Colorado counties have an all-mail election this year. If you have not received a ballot or information on where to vote, contact your county clerk right away.
• Your ballot must be received by your county clerk no later than 7:00 p.m. on Tuesday, Nov. 3rd for your vote to be counted. Postmarks don't count.
• If you already voted by mail, you can make sure your ballot was received on the Secretary of State's secure voter lookup website:
  https://www.sos.state.co.us/Voter/secuVoterHome.do
• If your county has a polling place election, your polling place may not be in the same location as last year. Contact your County Clerk if you are not sure where you should vote.
• If you need to contact your county clerk for any of the above reasons, you can find your county clerk's contact information here:
  http://www.elections.colorado.gov/Default.aspx?PageMenuID=1397

In each of our lives, we experience moments of shock that we will never forget. When Kennedy was shot in 1963. When the Challenger exploded over Florida in 1986.

For me, it was when 21 year-old Matthew Shepard was brutally beaten, tied to a fence, and left for dead on a cold October night in 1998. Matt was killed because he was gay. It sent chills of terror through the gay and lesbian community because the message was clear: you're next.

Matt's murder sparked a national movement to amend the federal hate crimes law to include crimes motivated by sexual orientation, gender, or disability.

After ten years, that change in law is finally in sight. Tonight, the U.S. Senate will vote on the Matthew Shepard Hate Crimes Prevention Act. Both Senator Mark Udall and Senator Michael Bennet are cosponsors of this bill. The House version of the bill passed earlier this year with the support of six Colorado Representatives, and President Obama has committed to signing it.

Will you sign our virtual thank-you card to the members of the Colorado delegation who support this important law?

http://www.progressnowcolorado.org/HateCrimesThanks

Angie Zapata was an 18 year-old transgender woman from Greeley who had just moved into her first apartment on her own. She was murdered--in her killer's own words--because "all gay things need to die."

Bloomberg reports:

The U.S. government and the Federal Reserve have spent, lent or guaranteed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s... 

The money works out to $42,105 for every man, woman and child in the U.S. and 14 times the $899.8 billion of currency in circulation. The nation’s gross domestic product was $14.2 trillion in 2008. 

Look at the table:

MENDOTA, Calif. — The customer seemed interested in a black blouse offered for $1 at the thrift store. But instead of buying it, she set it on the front counter.

Maybe tomorrow, she told the cashier, she would have the money. Or the next day. But not now.

"That is the way people are now," said the cashier, Alicia Reyes, as she watched the middle-aged woman walk out of the store. "They just come in here and look. They just come in here to kill the time. And then they take off."

Welcome to life in Mendota — the unemployment capital of California. With a 41 percent jobless rate, the town's social fabric is tearing at the seams. Alcoholism and crime are on the rise. To save money, some mothers wash and re-use disposable diapers. Unemployed men with nothing to do wander the streets and sit on benches....

The national Katrina is here and now.

This really, really cheeses me off when I read this McClatchy report:

WASHINGTON — President Barack Obama on Monday will reject requests for almost $22 billion in new taxpayer bailout money for General Motors Corp. and Chrysler, saying the car makers have failed to take steps to ensure their viability.

But..butt-boy Geithner wants this:

March 30 (Bloomberg) -- U.S. Treasury Secretary Timothy Geithner said some financial institutions will need substantial government aid, while warning against any attempt to tax investors who join a federal program to buy tainted assets from banks. 

Right!  Just because AIG has lost almost 100 billion USD in the last six months and the American taxpayer has bailed out AIG to the tune of almost 250 billion USD in the last four months.

Meanwhile...

GM and Chrysler have already received $17.4 billion in government rescue money. The two companies faced a Tuesday deadline for the government to approve plans they'd submitted weeks ago in hopes of persuading the Obama administration that they could remain in business anad deserved additional money.

I suggest reading "Why GM Matters" and "American Theocracy" to understand that what is happening is the collapse of American industry.  The collapse in no way should be happening except for the fact that the political and mass media systems has been utterly corrupted by the Wall Street Banksters.

Why we can give the crooks and grifters on Wall Street trillions of dollars?  But when it comes to real jobs that create real products there is the "kick in the teeth" for GM and Chrysler?

Why does the economic plans by Geithner trump the ideas that Nobel Prize winners Paul Krugman and Joseph Stiglitz have?  Because President Obama picked "Timmeh" Geithner as Secretary of Treasury simply because he was "an insider"?

[BTW- Some wag suggested that former New York governor Eliot Spitzer should be the new Secretary of Treasury!  Why?  Because then we would see real rules and rules that would be strictly enforced for the "Masters of the Universe" who are nothing more than WATB (see this).  For example Spitzer just recently wrote about AIG and not the executive compensation but the billions of dollars that was being paid out by AIG to counterparty foreign banks.}

So, the economists who have some ideas on how to handle the financial crisis are not the ones in charge (Krugman, Stiglitz, and Roubini) but the same people who created or had oversight on the financial "bucket" games going on.

Will Obama fail his Katrina moment?

Remember the big Mid-West floods?  Well there was an underreported story on the affect of flood waters on agricultural lands and the runoff that was loaded with fertilizers.  The fertilizer laced river water that is injected into the ocean causes huge algae blooms such blooms trigger "dead zones" in the ocean.  Dead zones are regions of the ocean which lack oxygen.  However another effect of nitrates and algea is this:

Surface blooms of the algae known as Pseudo-nitzschia can generate dangerously high levels of domoic acid, a neurotoxin blamed for bizarre bird attacks dramatized in Alfred Hitchcock's 1963 film "The Birds."

Reuters reports that there are two long term dangers the most visible is the above quote.  However the second danger is that particulates with domoic acid sink to the bottom of the ocean.  

They found that large quantities of domoic acid were sinking to the ocean floor, invading the deep-sea food chain.

And the toxin appears to linger.

So not only will we harm life on the surface but all marine life, even life that lives in thousands of feet below the ocean's surface.

What is it with President Obama that he can talk but when it comes to "the walk" there isn't the fortitude?  From the Wall Street Journal (h/t Talkingpointsmemo.com) reports:

President Barack Obama said Monday that he would "pursue every single legal avenue to block" $165 million in bonuses to American International Group Inc. employees who were in part responsible for the insurance giant's near collapse. But hours later, administration officials said the payouts made Friday couldn't be extracted from their recipients without a legal fight that would cost the taxpayers even more.

But wait what does that mean?  Well, AIG produced a white paper about their "contracts" and Emptywheel, Firedoglake.com, provides the understanding:

In other words, I take this to be a threat: "if you don't give us our bonuses, we'll trigger a default event that will cost AIG the US government tens of billions of dollars."  It's just a polite way of saying, "Pay us the $100 million ransom or we start exploding the suicide bomber vests we're wearing."

Terrorists in three piece suits are much worse than terrorists living in caves. 

What!  It was 450 million dollars in the teaser from the Wall Street Journal.  But Talkingpointsmemo says: AIG gives out 1.2 billion taxpayer dollars for bonuses!  [Guess they can afford to get a subscription- thanks Josh!]

So we just keep on giving the Wall Street psychos more of their drug- money.  Without accountability or asking too much because it might upset them because they are blackmailing this nation with fiscal destruction.

AIG and the Treasury Department have both said that they can not stop the bonuses because of their nature of the contracts.

Do you believe that?

Are they willing to have anyone believe in that excuse?

When there is a crisis of such magnitude then the "rules change" because the world has changed.  (Heh!  I remember the monster who said that!)

The real meaning of theft lies with the "big boys" on Wall Street and not with the penny ante thugs and punks in the 'hood.  Chris in Paris writes:

The sense of entitlement among CEOs like Lewis simply does not register with the rest of the country. If the best thing someone can say about you is that "someone else *could* have lost even more money, it's a challenge to see how you can keep your job.

So what is the result of having been done wrong in the 'hood?   Retribution.  The eye for an eye because you have been challenged.  But on Wall Street there are people who are the "masters of the universe" who have paid millions in protection money which is called "donations" for laws to be created to protect themselves from the righteous anger of the people whose money is being stolen.

The war zone in the 'hood, which might as well be in Baghdad, because the two worlds are seperate.

I caught this off Huffingtonpost.com about Jim Cramer and his boasting of what he did as a hedge fund manager:

-On manipulating the market: "A lot of times when I was short at my hedge fund, and I was positioned short, meaning I needed it down, I would create a level of activity before hand that could drive the futures,"

-On falsely creating the impression a stock is down (what he calls "fomenting"): "You can't foment. That's a violation... But you do it anyway because the SEC doesn't understand it." He adds, "When you have six days and your company may be in doubt because you are down, I think it is really important to foment."

Check it out

Josh Marshall, Talkingpointsmemo.com, found this little backgrounder about Tim Geithner:

...Sandy Weill, the guy who in the 1990s built Citi into the mammoth systemic risk Death Star it is today wanted the job [CEO] to go to Tim Geithner.

So if Geithner is ousted from Sec. of Treasury then he could simply jump on the Citigroup ship?   This is what Felix Salmon, Portfolio.com, thinks. 

What a marvelous stinking revolving door.  While we the taxpayers are stuck with people like Geithner who still talk of "free market" and "private companies" as being the be all and end all for the American economy.

BTW- Meanwhile, President Obama thinks of the netroots and bloggers in this light:

And part of the reason we don’t spend a lot of time looking at blogs is because if you haven’t looked at it very carefully then you may be under the impression that somehow there’s a clean answer one way or another – well, you just nationalize all the banks, or you just leave them alone and they’ll be fine, or this or that or the other. 

Duncan Black, Eschaton blog, writes:

I find it more amusing than annoying that Obama has joined with many others in employing the rhetorical trick of attributing any views you wish to marginalize as coming from bloggers.

I guess we, the netroots and bloggers, are just too darn new, still!   Perhaps Obama is still an intermediary step in the new political landscape and political process; i.e., Dean for America as version 1.0 then MyBarackObama as version 2.0 but what will version 3.0 look like?