Stephen Colbert has topped himself here. This is a brilliant segment:

"Don't Submit to the Blackmail." Rep. Jerry Nadler & former Gov. Howard Dean explain why they oppose the Obama tax deal:

The Commentariat -- December 12

One Explanation (see also Frank Rich, December 5):

** CW: James K. Galbraith, in a Harvard speech, the transcript published on AlterNet, makes a devastating, and I think accurate, assessment of President Obama's economic policy. Obama, Galbraith says, surrounded "himself with holdover appointments from the Bush and even the Clinton administrations: ... Geithner..., Bernanke, and ... Summers. These men have no commitment to the base, no commitment to the Democratic Party as a whole, no particular commitment to Barack Obama, and none to the broad objective of national economic recovery.... The President also chose to cover up economic crime.... On the larger economic policy front, the White House gave away the game from the beginning." Read it all.

CW: if you're interested in knowing why the government doesn't work for you, Tom Hamburger & Matea Gold, writing in the Los Angeles Times, have the answer: Washington politicians are all already working their asses off to raise campaign funds for the next election. Like any good employee, they work for the guys who pay them.

"A Tale of Two Christmases." Ylan Miu of the Washington Post: "At Tiffany's, executives report that sales of their most expensive merchandise have grown by double digits. At Wal-Mart, executives point to shoppers flooding the stores at midnight every two weeks to buy baby formula the minute their unemployment checks hit their accounts."

I'll go next year; I've gone every year. I think it's very, very, very important -- very important -- for us to show up at that State of the Union, because people today are more and more visual. What [people] see in front of them at the State of the Union is that federal government. And I would like them to see the judges too, because federal judges are also a part of that government. -- Justice Stephen Breyer

Louise Story of the New York Times writes a fascinating mystery/horror story of how nine big banks secretly control the derivatives market, won't tell what they're up, won't reveal how much money they make on derivatives or how much the actual cost is to consumers & won't let other financial institutions participate. To help us understand how they "work," Story makes this analogy:

It would be like a real estate agent selling a house, but the buyer knowing only what he paid and the seller knowing only what he received. The agent would pocket the difference as his fee, rather than disclose it. Moreover, only the real estate agent — and neither buyer nor seller — would have easy access to the prices paid recently for other homes on the same block.

Ian Shapira & Joby Warrick of the Washington Post: "Since releasing a vast cache of diplomatic cables this month..., WikiLeaks has been the focus of intense criticism.... But it has also engendered the frenzied support of an expanding and loosely defined global collective that seems intent on speaking out -- and in some cases waging war on WikiLeaks' behalf. The most prominent of those groups is known as Anonymous, which this past week sought to disable the Web sites of several U.S. companies as part of what it called Operation Payback.WikiLeaks has also drawn the support of traditional civil rights organizations and advocacy groups, which see the controversy surrounding WikiLeaks as an important test of U.S. commitment to freedom of the Internet."

Katie Zezima of the New York Times: Sen. Bernie "Sanders’s monologue, a marathon riff against the Obama administration’s plan to continue the tax policies of George W. Bush administration’s plan to continue the tax policies of , stirred Twitter users to a roar over the course of eight-plus hours, putting his name atop the social network’s 'trending topics' by Friday night. It garnered even more attention than when he was elected to the Senate in 2006 and was considered the first senator ever to identify himself as a socialist." ...

... Olbermann does a good job of highlighting Sanders' 8-hour floor speech:

Stephen Ohlemacher of the AP: "President Barack Obama's plan to cut payroll taxes for a year would provide big savings for many workers, but makes Social Security advocates nervous that it could jeopardize the retirement program's finances. The plan is part of a package of tax cuts and extended unemployment benefits that Obama negotiated with Senate Republican leaders. It would cut workers' share of Social Security taxes by nearly one-third for 2011."

Helene Cooper of the New York Times: "... at the halfway point of a first term in which Mr. Obama has mostly relied on the counsel of a tightly closed inner circle, Mr. Biden is taking a more prominent and influential role. With the departure of Rahm Emanuel as chief of staff and Mr. Obama’s need to negotiate with Congressional Republicans if he is to advance his agenda, the president is increasingly using Mr. Biden as a multipurpose emissary while continuing to seek his counsel behind the scenes.

Sam Roberts of the New York Times: "After World War II, American counterintelligence recruited former Gestapo officers, SS veterans and Nazi collaborators to an even greater extent than had been previously disclosed and helped many of them avoid prosecution or looked the other way when they escaped, according to thousands of newly declassified documents."

Robert Pear of the New York Times: in January Rep. Joe Pitts, (R-Penn.) will become chair of the Energy and Commerce Subcommittee on Health, a move that "presages a major shift on abortion and family planning, according to opponents and supporters of abortion rights. Opponents of abortion gained about 45 seats in the midterm elections, and they count the next speaker, Representative John A. Boehner, Republican of Ohio, as a staunch ally, virtually guaranteeing more conflicts with the White House on the issue."

Andy Borowitz: "... twenty-four hours after former President Bill Clinton appeared at the White House to endorse President Obama’s tax plan, Mr. Obama is 'still looking for the right way to ask him to leave,' an aide confirmed today."