Federal Reserve Raises Swipe Fee Cap In Victory For Wall Street
The epic deficit (lie) cave is coming very soon.
Digby is easily one of the smartest people on the internet:
"From his press conference today, it would appear that the president's negotiating strategy really is to give Republicans huge cuts in spending (and 'make his base give him a hard time') and then shame them into 'meeting him halfway' by agreeing to mildly raise taxes on some luxury items like corporate jet travel. (Luckily, he reassured the nervous CEOs by saying 'you'll still be able to ride on your corporate jet, you'll just have to pay a little more' so hopefully they won't have a fit.)That's what constitutes shared sacrifice and fiscal responsibility. Good to know."
Ethan Rome: Don't Default on the American Dream: Democrats Should Hold the Line in Debt Limit Talks:
"Democrats have to resist the Republican plan to destroy Medicaid as fiercely as they are fighting the Republican proposal to end Medicare as we know it. They shouldn't cave in on this issue. That would be devastating for people and for the political fortunes of Democrats."
Proposed Budget Cuts To Medicaid Could Kill Jobs And Short-Change Seniors
Despite Pleas From Advocacy Organizations, White House Cuts Likely To Affect Spending That Helps The Poor | Crooks and Liars:
"So the leaders of a bunch of civic, policy and religious organizations -- you know, the ones no one in the White House pays attention to because they're a bunch of do-gooder whiners and they'll have to vote for Democrats, anyway -- are asking the administration and Congressional leaders to please stop hurting poor people with their budget cuts:"
At least there some sweetness in the hit News Corp took on this one.
News Corp sells Myspace, ending six-year saga - Yahoo! News
Daily Kos: HaHaHaHaHaHaHaHaHa! (UPDATED x2 with Flashbacks and Justin Timberlake!)