Hamsher basically admits the current version of the financial reform bill is strong

[ProSense]

If their $8 million buys derivatives legislation and limits the damage that the Masters of the Universe can do to the world economy in the future, it’s not only a bargain, it also means that a bunch of nurses and janitors have done more to rein in the banks than you and your entire pack of servile, visionless Wall Street lackeys has done since you took office.

link

Basically, she's saying the primary challenge forced Lincoln to the left and produced derivatives legislation that will limit "the damage that the Masters of the Universe can do to the world economy in the future." if it remains in the bill.

There's the admission that the current Senate proposal will, in Hamsher's view, "rein in the banks."

The bill hailed by Stiglitz, Warren and Volcker finally has Hamsher's approval.

[Cha]

1. hmmm.

[Tarheel_Dem]

2. Well I'm all goose bumpey. I was just waiting for an endorsement from Jane. NOT!

But thanks for posting.

[DJ13]

3. Fairly strong, only if its not watered down from here

Any bets on that?

[ProSense]

5. Then the quote is meaningless, huh? n/t

[DJ13]

7. She made her point

You, not so much.

[ProSense]

9. "Fairly strong, only if its not watered down from here"

So did you: It's "fairly strong."

We'll talk if it gets watered down, and I'm sure Hamsher will chime in.

[Prism]

4. Yeah, the English language has rules n' stuff

"Strong" and "stronger" are separate words, for example. "Done more" is a separate phrase from "done enough." "Limit" and "cease" are also different words.

In other words, she's saying that $8 million made the bill better. Which is different from saying it made the bill great. It also isn't the same thing as saying Hamsher is giving the bill her official stamp of Totally Awesome Legislation.

But that is what you're dishonestly attempting to claim. You put words in her mouth and everything.

I'd like to know who was working HR that day so I can make sure I never ever depend on them in the future.

I'm waiting to see the details of the final bill before commenting on specifics. Some parts like derivatives is nice, but derivatives are a distraction. They aren't the tip of the iceburg of how the financial industry went so horribly wrong. I don't feel the bill in its current form goes far enough to rein in the true damaging-dealing behavior of the banks.

If the politicians were really interested in fixing the mess, they'd reinstate Glass-Steagall. They're not going to do that. Not even close. Which betrays their "How little can we get away with while still calling this reform?" (sounds awful familiar, actually)

But, we'll see.

Meanwhile, last I checked there isn't an orifice on Hamsher's backside that says "Put political operative's hand here" so maybe you should just let her speak for herself.

[ProSense]

6. "limits the damage that the Masters of the Universe can do to the world economy in the future"

That's pretty damn strong.

[Prism]

8. I'm not doing this today

Actually, nm.

[Lerkfish]

33. If I may, I think the problem here is that

you suck at manipulating press releases to try to push a propagandic agenda.

This is the second attempt I've seen from you where you try to twist words in the very article you link, I suppose assuming that the rest of us cannot read and must accept your shading of the words.

Here's a little helpful hint: if you're going to intentionally misrepresent source material, hide the material so we can't see what you're doing.

[spiritual_gunfighter]

34. Only the second you have seen

This is common for Pro Sense and it usually comes off looking like this.

[freddie mertz]

35. It's sloppy work, no question about it.

Idea: Lower the number of posts per day, and put a little more care into the ones that are posted

Just a suggestion ...

[Name removed]

10. Deleted message

Message removed by moderator. Click here to review the message board rules.

[ProSense]

12. Of course, it can't possibly be as strong as

Stiglitz, Warren and Volcker say, right?

More from Warren:

Warren said the odds are “good” that substantial reform, including the creation of a new Consumer Financial Protection Agency, could still come out of the Congressional negotiations. But she also warned that the process could prove a “complete waste of time.”

[TheKentuckian]

15. Are you ever going to discuss issues or are you just going to drop names and hyperlink random shit?

Everyone isn't wholly reliant on pols and pundits for Their opinions. Some folks do this crazy thing called absorbing as much data and opinion from as a wide a net of sources as possible, evaluate that information, and then actually form our own opinions and priorities.

It's crazy I know but that's how some folks roll. See that means that I can agree with someone 99 times and still disagree on #100 and even vice versa. Its why I read a lot of people posts, I figure they be on target at some point and they should know its not personal but legitimate disagreement.

[ProSense]

20. "Everyone isn't wholly reliant on pols and pundits for Their opinions."

Oh, so sorry, I should jump on the bandwagon and hail Hamsher.

Here's the deal: She admits the financial reform bill is valuable and is trying to take sole credit it. Let's revisit the entire quote:

Labor is not your bitch, and their money isn’t yours to direct. They’re supposed to take what, another six years of black eyes from Blanche Lincoln just because you say so? If their $8 million buys derivatives legislation and limits the damage that the Masters of the Universe can do to the world economy in the future, it’s not only a bargain, it also means that a bunch of nurses and janitors have done more to rein in the banks than you and your entire pack of servile, visionless Wall Street lackeys has done since you took office.

She doesn't seeem to have a high opinion of the President. I guess she isn't aware that the President he started the process of financial reform and until his signature is on the bill, it doesn't mean jack shit.

[tkmorris]

11. You are completely incorrigible. It's fun watching you twist

She didn't say any such thing. What she said was that IF (and it's a big if) that 8 million forces a financial reform bill that is even an iota stronger than it would have been without the 8 mill, it's money well spent. She does not say it's strong reform, that it would have been strong, or anything at all really about how effective it is. Merely that the 8 mill may well make it just a smidgeon better.

Lincoln is gonna get hammered in the fall. I am not celebrating that, merely observing that it's true. You can't out-Republican a Republican. Her only chance is to remember that while it is OK to be something other than a Liberal Democrat in AR, if you are going to run as a Dem you have to at least pretend to be one.

[ProSense]

13. So this

not only a bargain, it also means that a bunch of nurses and janitors have done more to rein in the banks than you and your entire pack of servile, visionless Wall Street lackeys has done since you took office.

...is speculation?

The $8 million isn't the bargain she's claiming it is?

[Cha]

14. She's a fucktard..

sorry, but I don't give a shit what that visionless liar has to say.

[impik]

16. Who is Hamster?

[Clio the Leo]

17. Jane Hamsher is....

... the Sarah Palin of the left.

[impik]

25. Oh, so she should run for office. I'm sure she can get

500 votes.

[Clio the Leo]

29. Actually, I misspoke....

... while Hamsher might be more intelligent than Palin, she's not that endearing.

[alcibiades_mystery]

18. Hamsher knows a lot about spouting populist rhetoric

And not much about the way finance capital operates.

A typical bigmouth know-nothing.

[Jakes Progress]

19. Getting ready for a run?

Always nice to stretch like that beforehand.

[ProSense]

21. Let's see:

The progressive infrastructure may still need to prove its electoral abilities, but the primary challenge itself pushed Lincoln to write a tough derivatives regulation provision that has Wall Street even more frightened.

link

Admission or stretch?

[Jakes Progress]

22. Let's read:

a bunch of nurses and janitors have done more to rein in the banks than you and your entire pack of servile, visionless Wall Street lackeys has done since you took office

Having done more doesn't mean done completely. It is a stretch to call the bill "strong". I know you (or staff) found this piece of quote to advance an agenda that doesn't hold up to those of us in the real world where banks continue to do exactly what they did before and where wall street prospers as main street suffers.

But go ahead. You can score a quick point and feel good. You know that Hamsher doesn't support the administration's wall street policies. You know that she disagrees with the administration's motives and methods. Hell, you disagree with almost everything she says. It is just game playing to pick up quotes, play a little game of semantics gotcha. It does nothing to advance a real conversation about what is happening to the country or about the benefits or pitfalls of playing the centrist. It becomes just a game. Slam, bam. Boo-yah. Pointless and counterproductive to needed conversations and actions.

[ProSense]

26. "a tough derivatives regulation provision that has Wall Street even more frightened"

Maybe read the text in the comment you responded to?

[Jakes Progress]

27. Look up the definition for "more"

It does not mean complete. But you know that. It's all a little game for you, and we all get it. Acolytes and the easily befuddled applaud your games and give you the props you love. But the brighter and less star struck here are on to these games. Have fun though.

[ProSense]

28. "It does not mean complete." Where did I say "complete"? n/t

[Jakes Progress]

30. Golly. Just plain golly.

At long last, have you no...... oh never mind.

[Phx_Dem]

23. I don't care what Jane thinks -- good or bad. n/t

[Aramchek]

24. awwww, PumaHamster really hates giving Obama credit for anything

[Name removed]

31. Deleted message

Message removed by moderator. Click here to review the message board rules.

[donco6]

32. But, but . . . this is JANE! The Antichristess!

Has she been resurrected?