I wrote a short piece last week in which I tried to remind Congress that we need to have hearings on the financial meltdown for obvious reasons:

Just a reminder.

I know we've asked for a Truth Commission on torture over and over again, but what about the financial catastrophe the world just experienced? When will hearings be held to uncover the facts that led us and the world to financial ruin? I know we have many basic facts of what happened, but when will an actual hearing take place? If nothing is officially uncovered then how can we stop another one from taking place?

Bill Scher of CFAF heard a little birdy and it sounds quite promising on that front now:

Word is circulating in Washington that members for the Financial Crisis Inquiry Commission will be named this week.

The commission is supposed to resemble the 1930s Pecora commission that dug into the culprits behind the Great Depression and laid the groundwork for major bank reform. But that will only be true if the commission is run by aggressive seekers of truth, independent of the financial industry, willing to use their subpoena power, knowledgeable enough to have warned us of impeding crisis in the first place despite market cheerleading from the political and media establishments.

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Speculation from Reuters last week on who might be named was not terribly encouraging, though most of the names floated clearly were coming from conservative circles, as Republican leaders will pick four of the 10 members.

Cut...OK, here's where we come in. Updated: No members of Congress can be on the commission, but

I think an Alan Grayson or Henry Waxman type would be good choices for the commission. . We do need a panel of brilliant minds that has real progressive representation, but what we also need are people that have an appreciation for the "dramatic." That is, they should know how to ask questions with their allotted time in such a way that it will be highly informative and entertaining at the same time. These are the moments that can really educate Americans, but the commission needs members that understand how to use their valuable time---not to pontificate---but to educate and uncover. And it needs to be riveting while getting to the truth of this mess.

Please ask Speaker Pelosi and Harry Reid to make sure they put together a great panel. Nancy was almost scheduled to do a live chat on C&L last week, but because of my family issues, we are rescheduling. However, I think if we let her know how strongly we feel about the new Pecora Commission and ensuring that progressives are solidly represented, she'll come through.

Here's her contact info.

Harry Reid is another story. Here's Reid's office info, so please let him know too.

Continue reading »

*Gasp* A politician fudging the facts to make himself look better? What will they think of next?

Bill Scher at Liberal Oasis:

The NY Times today quotes a McCain campaign adviser defending the campaign's performance because even though "the Republican Party brand is very, very badly damaged, ... Senator McCain is running even or ahead of Senator Obama in most national polls."

That is a false statement, which the Times did not correct.

I recently penned an op-ed for last Friday's Omaha World-Herald about why the attacks on Obama have failed to derail his path to the nomination, and failed to deny him a clear lead against Sen. John McCain (Full op-ed below).

I led with the observation, "He beats Sen. John McCain in seven of eight major polls taken this month, with margins mostly between 5 and 7 points, and the most recent survey showing a 10-point lead."

That assertion was based on leads reported in the following polls taken in May:

CBS/NY Times: Obama, 11 points
USA Today/Gallup: McCain, 1 point
Ipsos: Obama, 4 points
LA Times/Bloomberg: Obama, 6 points
NPR: Obama, 5 points
Quinnipiac: Obama, 7 points
ABC/Washington Post: Obama, 7 points
Reuters/Zogby (including Ralph Nader & Bob Barr): Obama, 10 points

A few polls have been released since I wrote my oped:

GW-Battleground poll: Obama, 2 points
Investor's Business Daily: Obama, 11 points
Newsweek: Tie

These May polls do not show that "Senator McCain is running even or ahead of Senator Obama in most national polls." They show that the vast majority of national polls show Obama ahead.

Here's the line-up, courtesy of Newsie8200 at Penndit.

Tell us if anything strikes your fancy.
Bill Scher has some suggested questions for the Bobble Heads...and he'll be on Seder on Sundays on AAR to discuss.

Air America's Sam Seder hosted with fellow blogger Bill Scher of Liberal Oasis, Dem. Mike Gravel debated Power Line and wingnut Jack Burkman.

Download | play -WMV

Burkman's arguments are as usual laughable.