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Posted by William A. Jacobson on April 22, 2010 15 Comments

Obama is speaking at Cooper Union, in the heart of the New York financial district, which AP describes as follows (emphasis mine): Ramping up pressure for a financial overhaul, President Barack Obama is heading to the place where the economic meltdown began to argue for...

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Posted by William A. Jacobson on April 21, 2010 11 Comments

The civil charges being brought against Goldman Sachs on the eve of the push for financial reform have been politicized from day one by the Obama administration and Democrats.Civil charges can put pressure on a firm and industry, and in themselves can be destructive. Regardless...

Posted by William A. Jacobson on April 21, 2010 8 Comments

With the Obama administration pushing for financial reforms, and the SEC having gone after Goldman Sachs for allegedly favoring a hedge fund client, the spotlight is on New York Senator Charles Schumer.Schumer has been a champion of Wall Street financial firms for years, particularly hedge...

Posted by William A. Jacobson on April 21, 2010 15 Comments

Big news over the wires. The threatened Doorman Strike in New York City has been averted, Deal Reached That Averts a Walkout by Doormen:The owners of more than 3,200 apartment buildings in New York City reached an agreement on a new labor contract with the...

Posted by William A. Jacobson on April 20, 2010 15 Comments

On March 11, I reported on a proposal by a New York State Democratic legislator to ban salt in restaurants, Leave Our Salt Alone.One political scientist, who also totally missed the Scott Brown election call, vehemently objected that the claim the government would regulate salt...

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Posted by William A. Jacobson on April 20, 2010 39 Comments

It would be easy to cheer as the Obama administration seeks to take down Goldman Sachs. After all, Goldman Sachs has become a proxy for Wall Street, since so many of the old icons no longer exist or have been consumed as a result of...

Posted by William A. Jacobson on April 19, 2010 3 Comments

DEBKAfile is an Israeli website which focuses on intelligence, military affairs, and Middle East politics. It is a must-read and is on my list of "Blogs I Read" in the left sidebar.The site frequently breaks information about various intriques which we read about in the...

Posted by William A. Jacobson on April 19, 2010 10 Comments

Oh, the world they live in. Surrounded by enemies, they sit in their guarded lairs waiting for "the other" to approach.And then it happens. The guards are no more, and they must face the menacing horde. Alone with their paranoia and hypocrisy and thousand...

Posted by William A. Jacobson on April 19, 2010 10 Comments

For two years, opponents of Obama's agenda have been painted by the mainstream media, left-wing blogs and Democratic leadership as racist and extremist white supremacists.The charges are malicious and false, as documented here dozens of times.So what happens when there is a real white supremacist,...

Posted by William A. Jacobson on April 19, 2010 13 Comments

On Friday, Goldman Sachs was charged by the Securities and Exchange Commission with fraud in the formation and marketing of a mortgage backed product, a so-called Collateralized Debt Obligation.The gist of the allegations is that Goldman Sachs failed to disclose that a major hedge fund...

Posted by William A. Jacobson on April 18, 2010 13 Comments

You will never guess who. Or in which publication such tripe was written.For those of you who have just emerged from a three-year long coma or a round-trip to Mars, here is the context, from The New York Times (emphasis mine):They are two of the...

Posted by William A. Jacobson on April 18, 2010 6 Comments

Just a little anecdote about the likely future of Obamacare:I was speaking with a doctor friend earlier today, and the topic turned to Medicaid, Medicare and private insurance reimbursement rates. He told me that Medicare pays him about half what private insurance pays, and...

Posted by William A. Jacobson on April 18, 2010 6 Comments

Obamacare will have the unintended consequence of creating a two-tier system which is far more dramatic than the current system.We all know about the coercive nature of the individual and employer mandates under Obamacare. Those mandates, however, merely are mandatory (brilliant, I know).The mandates do...

Posted by William A. Jacobson on April 17, 2010 8 Comments

The NY Times reports on a classified memo sent by Secretary of Defense Robert Gates to President Obama admitting that current U.S. strategies on Iran will not succeed in stopping Iran from building a nuclear weapon:Defense Secretary Robert M. Gates has warned in a secret...

Posted by William A. Jacobson on April 17, 2010 4 Comments

Mea Culpa -- The second incident referred to below was by Kelly O'Donnell, not Norah O'Donnell. My mistake, corrected below. The point remains the same.-----------------------------------This is the latest in a series on the use of the race card for political gain:Tonight is a...

Posted by William A. Jacobson on April 17, 2010 12 Comments

Dana Lithwick asks What Are Liberal Law Students So Sad About? Her conclusion is that liberal law students are sad because their liberal legal heroes can't seem to get on the Supreme Court:Since it's April, and America's law students have nothing else to do (kidding!),...

Posted by William A. Jacobson on April 17, 2010 3 Comments

In the company of Obama supporters, it's called "inventing" oneself: Look at how much Barack Obama had to figure out. I mean, he’s born who he is, he can look in the mirror; but it must have been extraordinarily confusing to have this father who...

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