“I want to stress that the Finance Committee is not doing anything different now from what it has always done under the leadership of either Senator Baucus or me,” Grassley said, referring to Democratic chairman Max Baucus of Montana. “We are vetting nominees for the current administration the same way we vetted nominees for the previous administration.”
“The tax issues of the nominees considered by the committee this year came to be public only because the nominees chose to proceed.”
Grassley said the committee has always requested three years of tax returns from nominees, and always employed experts to review them. And in the past, he added, “many nominees” faced questions based on their tax returns. The reason tax problems seem more prevalent now, Grassley explained, is that in previous administrations those nominees chose to quietly withdraw. Now, they try to stick it out, leading to sometimes embarrassing controversy. “Chairman Baucus and I agree that if a nominee chooses to proceed after tax issues are identified, then the public should be informed of those issues,” Grassley said.
Read the whole thing.
Richard Cohen defends . . . Jim Cramer. And he does so using the remarkably logical and simple explanation that the executives of most of the failed or damaged financial firms held onto their own stock. If they thought their firms were OK, then how could anyone else have known (as Jon Stewart claims) that there were serious problems? Kudos to Cohen for going with logic over cheap shots.
Speaking of which . . . shall we start a pool on when the Obama Approval Indexgoes negative for the first time? I’m willing to be it’s before April 1st. (On the other hand, he did bounce back to +5 today!)
And speaking of the press, the New York Times editorial staff has flip-flopped so often depending upon who’s in power that this hardly seems like news. But it’s important to document their hypocrisy.
A return of “that 70s horror show“, economically speaking? I remember it well, since I graduated from college in 1978 and almost immediately faced double-digit inflation, followed by double-digit interest rates, followed by double-digit unemployment.
On the other hand, Red State warns the Right against schadenfreude. Yes, Obama’s poll numbers are dropping, but the Republicans numbers are worse. I fully blame Bush and the idiot Republicans in Congress during the 2000-2006 period for the current Congress and Administration; it’s going to take more than a few votes against the wretched Simulus package to regain the public’s trust and good opinion.
A Halifax bus driver will be suspended with pay while Metro Transit investigates why he jumped out of his bus and used a stick to beat a toy seal being used as a prop by anti-seal hunt protesters.
Someone needs to track down this man’s address so that we can all send him thank-you cards.
The sun is blank--no sunspots.
Climate report from Spaceweather.com: “The sun is in the pits of the deepest solar minimum in almost 100 years.” But of course, this has nothing to do with the general cooling of the earth that’s been going on for the last several years, does it?
As someone who runs his own firm, I like the site Freelance Folder, but I do have to say that right now finding more personal time is not the pressing challenge for most freelancers; it’s finding more work, clients, and billable hours.
And for your St. Patrick’s Day enjoyment (hat tip to Ace of Spaces):