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Former Reagan aide: ‘Rick Perry is an idiot’

American historian Bruce Bartlett, who worked as an aide to President Ronald Reagan and as a Treasury official for President George H.W. Bush, doesn’t have a lot of respect for Republican presidential candidate Rick Perry’s intellect. “Rick Perry said the Fed is treasonous,” CNN’s Christine Romans told Bartlett Friday during…

Trump: ‘I’d be willing’ to pay more taxes

Real estate mogul Donald Trump said Monday that he would be willing to pay a higher tax rate but most oil companies would not because they are not patriotic. “Warren Buffet made another splash with his op-ed in The New York Times, saying it’s just not right that he, a…

Ezra Klein: Perry’s comments on Federal Reserve ‘extraordinarily ignorant’

Washington Post columnist Ezra Klein said Texas Gov. Rick Perry (R) comments about Federal Reserve Chairman Ben Bernanke were “extraordinarily ignorant.” “If this guy prints more money between now and the election, I dunno what y’all would do with him in Iowa, but we would treat him pretty ugly down…

Starbucks CEO calls for boycott of all campaign donations

Starbucks Chairman and CEO Howard Schultz is disgusted by the political gridlock in Washington, D.C., and he’s fighting back by calling for corporations and individuals to boycott all campaign donations. In an email to employees (PDF), Schultz expressed his frustrations with Congress. The response was so great that 50 business…

Current TV president: MSNBC only ‘trots out’ liberal viewpoints at night

Current TV president David Bohrman wants to transform his channel into a 24-hour liberal news network. “[Current owners] Al Gore and Joel Hyatt got the brilliant idea to go and try to hire Keith [Olbermann],” Bohrman told CNN’s Howard Kurtz Sunday. “They did, and discovered lightning.” “And all of a…

Law professor: Celebrities ‘right of publicity’ puts First Amendment at risk

University at Buffalo law professor Mark Bartholomew questions whether courts have gone too far in allowing celebrities to sue others for the use or even the implication of their names, images or voices. This special legal privilege is known as the “right of publicity.” “If you want to say, ‘Oh,…

Lawrence O’Donnell calls S&P a ‘confederacy of dunces’

MSNBC host Lawrence O’Donnell referred to the Standard & Poor’s credit-rating agency as a “confederacy of dunces” and called the leaders of the company, John Chambers and David Beers, “the most incompetent analyzers of debt in history.” S&P lowered the U.S. long-term sovereign debt rating from AAA to AA+ on…

Barney Frank: Military spending to blame for U.S. credit downgrade

Appearing on CBS Monday, House Financial Services Committee ranking member Barney Frank (D-MA) pointed to growing military spending as one of the causes of S&P’s downgrade of U.S. credit. “I would hope there would be one bipartisan agreement we can reach and I’ve been working for,” Frank told CBS’ Nancy…

Ryan claims downgrade is ‘vindication’ of GOP

Rep. Paul Ryan said Sunday that S&P’s downgrade of U.S. credit was a “vindication” Republican actions and his budget plan, which would end Medicare as it exists today. “I am not very surprised with the downgrade,” Ryan told Fox News’ Chris Wallace. “We more or less saw it coming because…

Bernie Sanders: Debt deal ‘a huge win’ for GOP

Sen. Bernie Sanders (I-VT) appeared on CNN Wednesday to expand on why he did not vote to support the plan to raise the debt ceiling and cut spending. “This legislation does deficit reduction on the backs of the elderly, the sick, the children and some of the most vulnerable people…

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