The Commentariat -- November 10

Paul Krugman took a quick look at the Catfood's Commission draft report. He says, "And it really is that bad." See links to the news & the report itself under Wednesday news in the right column.

Lee Fang of Think Progress. "Apparently, [Supreme Court Justice Samuel "Not True"] Alito is a regular benefactor for highly political conservative fundraisers." Fang approached Alito at one of them. With video.

David Sanger of the New York Times: "With China leading the critics of American economic policy, officials acknowledge that President Obama is going to have a difficult time winning any kind of consensus strategy" at the G-20 meeting in South Korea. ...

... Howard Schneider of the Washington Post: "An international backlash against the Federal Reserve's move last week to pump billions of dollars into the U.S. economy is threatening to undercut the Obama administration's economic goals for this week's G-20 meeting of world leaders."

President Obama speaks at the University of Indonesia:

     ... Here's the transcript of the President's remarks.

Municipal Swaps -- Another Way Banks Ripped Us Off. Michael McDonald of Bloomberg: "For more than a decade, banks and insurance companies convinced governments and nonprofits that financial engineering would lower interest rates on bonds sold for public projects such as roads, bridges and schools. That failed promise has cost more than $4 billion, according to data compiled by Bloomberg, as hundreds of borrowers from the Bay Area Toll Authority in Oakland, California, to Cornell University in Ithaca, New York, quietly paid Wall Street to end agreements since 2008."

Michelle Nichols of Reuters: "Charitable giving by wealthy Americans dropped by more than a third between 2007 and 2009 as the worst U.S. recession in decades put pressure on the nonprofit sector, according to a study released Tuesday."

Jim Rutenberg & Jeff Zeleny of the New York Times: "Republican leaders are digging in for a battle over control of the Republican National Committee, judging that its role in fund-raising, get-out-the-vote operations and other tasks will be critical to the effort to topple President Obama. Some senior party officials are maneuvering to put pressure on Michael Steele, the controversial party chairman, not to seek re-election when his term ends in January or, failing that, to encourage a challenger to step forward to take him on."

"No" on Healthcare Pays off for Some Dems. Eric Ostermeier of Smart Politics: "A Smart Politics analysis finds that while just 11 percent of Democrats who voted 'yes' on the health care bill in congressional districts carried by John McCain in 2008 were reelected to the 112th Congress (2 of 18 representatives), 39 percent of those who voted 'no' in McCain districts will return to their offices in D.C. (9 of 23)."

CW: before the polls had closed, I predicted the November 2 election would produce a Franken/Coleman-style recount. Little did I know it would be in Minnesota.

"Who is this woman, this fruit bat in fleece and Gore-Tex, clenching the side of the rock face above a glacier, screaming 'Tahhd! Tahhd!' at her husband, piercing the tranquillity of the Alaskan paradise?" Hank Stuever of the Washington Post reviews "Sarah Palin's Alaska." The show may suck, but Stuever's review is fun. (I know this belongs in Infotainment, but it's too rich to bury.)

I probably won’t even vote for the guy. I had to endorse him. But I’d have endorsed Obama if they’d asked me. -- George W. Bush, on John McCain, in 2008 ...

... BUT Bush's spokesperson denies the story. CW: well, he would.

George Bush does care about black people. Kanye West expresses regrets for his famous remark:

But he doesn't care about black people's names. He calls Kanye "Conway."