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Monday, December 09, 2019 {{ new Date().getDay() }}

NYC Mayor Bloomberg recently blamed the financial crash on Congress and government-sponsored housing lenders, despite clear evidence that bankers were the primary cause of the collapse. Gene Lyons writes in his new column, “Mike’s Bloomin’ Subprime Lie”:

So here’s my question: If the Community Reinvestment Act of 1977 effectively caused the Wall Street meltdown of 2007 by forcing banks to make bad home loans to improvident poor people (and we all know exactly who I mean), how come it took 30 years for the housing bubble to burst?

Next question: If fuzzy-thinking Democratic do-gooders enacted such laws in defiance of common sense and sound economics, why didn’t Republican presidents Reagan, Bush I or Bush II do something? Was Rep. Barney Frank, D-Mass., secretly running the country?

Exactly how did the wealthiest and most powerful individuals in the United States — the investment bankers and corporate execs who host the $1,000-a-plate fundraisers, scoop up the Cabinet appointments and ambassadorships, and party down at White House galas — end up having less power over the U.S. economy than unskilled day laborers in Newark, N.J., or Oakland, Calif.?

Maybe some “resident scholar” at the American Enterprise Institute, or another of the comfortable Washington think tanks devoted to keeping Scrooge McDuck’s bullion pool topped-up, can teach us how things got so upside-down. Because under normal circumstances, the national motto is neither “E Pluribus Unum” nor “In God We Trust.”

It’s “Money Talks.”

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Reprinted with permission from Alternet

Throughout the COVID-19 pandemic, the MAGA movement and far-right Christian fundamentalists have downplayed its severity — inspiring critics to slam MAGA as a suicidal "death cult." Christian fundamentalist Joy Pullmann, in a shocking op-ed published by the far-right website The Federalist on the day of Gen. Colin Powell's death, argues that Christians should welcome death from COVID-19, like any other cause of death, as "a good thing." And she attacks the "pagan assumptions" of those who argue in favor of widespread vaccination.

"For Christians, death is good," Pullmann writes. "Yes, death is also an evil — its existence is a result of sin. But thanks be to God, Jesus Christ has redeemed even death. In his resurrection, Christ has transformed death into a portal to eternal life for Christians…. The Christian faith makes it very clear that death, while sad to those left behind and a tragic consequence of human sin, is now good for all who believe in Christ."

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Reprinted with permission from Alternet

Don Winslow, the author of several New York Times bestsellers, blasted Sen. Joe Manchin (D-WV) in a newly-released video shared on social media.

For months now, Manchin has positioned himself as one of the main roadblocks of President Joe Biden's proposed Build Back Better agenda, pushing back on key provisions including child tax credits and climate initiatives.

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