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donburnstein's Comments

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Letters From Foreclosure Hell

Commented Dec 14, 2010 at 15:30:05 in Business

“I don't think people in the admin understand how catastrophic the loss of a home or home value is to people approaching retirement, even within ten years. The plan always has been to sell the paid off house for 6 figures or more. Move into a smaller place and use that money to supplement social security and medicare. Experts are telling people they need $250,000 as they enter retirement just to cover medical expenses that Medicare and it's add-ons won't cover. Now people are looking at retirement with no home, no money and no jobs.

The results of the big wage sink hole and outright age discrimination with total impunity, is seen everyday as people lose their homes from when they are forced to take out new mortgages to finance basic living expenses many years before the reduced social security is available.

One can see how Washington would miss that . Elected officials or Federal employees have their own fixed benefit retirement plans that start paying them immediately at 20 or 30 years. Conceivably they can have those benefits for decades the minute they retire. The rest of us will be lucky if we get minimal survival money for a decade. Many don't. Many don't get any money at all because they die for lack of health coverage as we are told; Just wait ...four more years for HCR. Uh Huh”
huffingtonpost entry

Letters From Foreclosure Hell

Commented Dec 14, 2010 at 15:29:52 in Business

“I don't think people in the admin understand how catastrophic the loss of a home or home value is to people approaching retirement, even within ten years. The plan always has been to sell the paid off house for 6 figures or more. Move into a smaller place and use that money to supplement social security and medicare. Experts are telling people they need $250,000 as they enter retirement just to cover medical expenses that Medicare and it's add-ons won't cover. Now people are looking at retirement with no home, no money and no jobs.

The results of the big wage sink hole and outright age discrimination with total impunity, is seen everyday as people lose their homes from when they are forced to take out new mortgages to finance basic living expenses many years before the reduced social security is available.

One can see how Washington would miss that . Elected officials or Federal employees have their own fixed benefit retirement plans that start paying them immediately at 20 or 30 years. Conceivably they can have those benefits for decades the minute they retire. The rest of us will be lucky if we get minimal survival money for a decade. Many don't. Many don't get any money at all because they die for lack of health coverage as we are told; Just wait ...four more years fpor HCR. Uh Huh”
huffingtonpost entry

Letters From Foreclosure Hell

Commented Dec 14, 2010 at 15:27:07 in Business

“I don't think people in the admin understand how catastrophic the loss of a home or home value is to people approaching retirement, even within ten years. The plan always has been to sell the paid off house for 6 figures or more. Move into a smaller place and use that money to supplement social security and medicare. Experts are telling people they need $250,000 as they enter retirement just to cover medical expenses that Medicare and it's add-ons won't cover. Now people are looking at retirement with no home, no money and no jobs.

The results of the big wage sink hole and outright age discrimination with total impunity, is seen everyday as people lose their homes from when they are forced to take out new mortgages to finance basic living expenses many years before the reduced social security is availble.Even if they do have something left in IRAs and 401Ks, the age for withdrawal starts at 59.

One can see how Washington would miss that . Elected officials or Federal employees have their own fixed benefit retirement plans that start paying them immediately at 20 or 30 years. Conceivably they can have those benefits for decades the minute they retire. The rest of us will be lucky if we get minimal survival money for a decade. Many don't. Many don't get any money at all because they die for lack of health coverage. Just wait ...four more years. Uh Huh”
huffingtonpost entry

You'll Never Guess Whose Taxes Are Going To Go Up Because Of The Tax Cut 'Compromise'

Commented Dec 8, 2010 at 14:17:13 in Politics

“They pay no taxes? Are you certain about that? That's a very common meme passed around by those who resent poor people not paying all their income in taxes so the wealthy can get wealthier when they hit the govt up for their frequent bail-outs. That's just another way of looking at it. Especially if someone making 20G a year couldn't live long enough to make a million dollars that the wall street lower rung banker makes in a year. As far as creating more jobs, all we have to do is look at the teax cuts the last 9 years to see how many jobs they created. Recall the GOPer who said my taxcut allows me to buy more equipment for the business? How does that work when all of that is tax deductable? As Dustin Hoffman said in Hero "It's all BS".”
HuffPost's Arthur Delaney Discusses

HuffPost's Arthur Delaney Discusses "Debtors' Revolts" Against Banks (VIDEO)

Commented Sep 30, 2009 at 17:59:29 in Business

“Generally the rates are jacked after people have used them. Many times without notice or jammed into a billing envelope along with advertisements. This is common even with people who have them for convenience.

People who immediately assume irresponsible borrowers or have a" blame the victim" mentality are incredibly ignorant. If you have a liquid net worth of millions and no debt you may not have anything to worry about. For the 99% who don't, a single illness can wipe out a life of hard work and savings. Desperation mounts. The banks wait and then rate jack the person at the same time they lower their credit limit usually to balance owed. That sets off a chain reaction as the FICO score algorithm is heavily weighted to credit utilization. So a responsible card owner that once had 10-20% credit utilization , gets rate jacked and limit slammed will soon find themselves ineligible for credit from anyone.
Anyone who approves of that or blames the victim are akin to being sociopaths. Are there people who acted irresponsibly? Yes, but not nearly as many who have acted responsibly and paid a heavy price for it. Most of the one who acted irresponsible aren't paying for it either. It's interesting to note that the people who are blaming the victims are paying taxes that are used to loan money to the very people they self righteously point fingers at. as irresponsible and you don't even get a wet kiss from the bank.”
Lobbyists on a Roll: Gutting Reform on Banking, Energy, and Health Care

Lobbyists on a Roll: Gutting Reform on Banking, Energy, and Health Care

Commented Jun 26, 2009 at 00:45:05 in Politics

“"The Bag men (persons) of K street"
Calling these people anything else does a disservice to the concept of work.

Let's not forget they couldn't be in business without a corrupt congress. Of course they have made it all legal. But a bag man always means a bribe.

So the will gut health care reform and any other major bill that means change. Even if they get voted out they still get their 120K plus health benefits that are unavailable to 90% of America , paid by Americans.

Then their next stop is being a Bag man . Staffers start out at 300-400K and elected officials start in the millions. While we continue to pay for this crap.”

"My Face Was Ripped Off" and Other Arguments for a Public Option

Commented Jun 17, 2009 at 20:03:18 in Politics

“I'm going with paid off. The bagmen of K street have been very busy and there are many eager hands out to catch their droppings. It's going to be banner year for those elected officials and staff who have elected to get rich whispering sweet nothings to their constituents while slapping the backs of the 500/Hour bag men who used to be congressional staff or elected officials as they discuss this quarter's offerings.

Those lucky enough to deal with banking and health care are looking forward to a banner year . After this , who cares if they get voted out. Staff get pensions, elected officials get pensions and health benefits for life and they have all those packages that contain their future to open as soon as they get a free moment to pop on down to the cemetery.

Who cares if a few hundred thousand have died for lack of access to to the health care system. 2850 is enough to start a few wars. 175,000-200,000? That's a different deal. Wars continually pay. Can't go to war over people dying needlessly because of a crappy health care system. Just talk about it so someone will mention reform every few years and then the bucks really come in. Yep that's a backslapper. Another defining moment in the fast slide to a banana republic(ans) .”
Corruption Is Dangerous to Your Health

Corruption Is Dangerous to Your Health

Commented May 6, 2009 at 19:02:53 in Politics

“I'd try to be more pragmatic. The best thing we can do is to form our own organizations to buy em off. Want single payer? We can have a single payer non-profit. Don't send all the money we send to campaigns that accomplish little if anything . Send it to an organization dedicated to getting single payer at any cost. Let's raise the cost of doing business so the returns aren't so easy for the opposition and just buy the legislation that we need.

Lets be clear, the opposition isn't the GOP or The Dems, the opposition is the corporations that hire the lobbying forms. Congress is just a clearing house for purchased legislation. Sending politicians there so they can get the secret ring and decoder with the secret handshake isn't doing anyone any good. Institutionalized corruption is tough to break up. Elected officials who don't take the bribes are just as guilty with their silence as far as I'm concerned.

Lets not be namby pamby about it either. Bribes, Pay-offs, private life deep investigations, primaries the works. Document everything, then when the country is ready for it, tell them how they are now able to see a Doctor or get sick days. American's taking care of Americans. People in DC are clearly from another planet”
Ben Nelson Plans To Oppose Public Health Plan

Ben Nelson Plans To Oppose Public Health Plan

Commented May 3, 2009 at 12:09:42 in Politics

“Unfort7unately Sen Schumer didn't quite get the message "More and Better" Democrats. He read it as "any democrat will do".So we Democratic senators voting against the bankruptcy bill and health care. It's almost like they are voting against anything that will help relieve the suffering people have. One of them said "It's only 4-5% of the mortgages" out there that would be affected on the bankruptcy bill. Really? How does that square with 11,000 foreclosures a day or 341,000 foreclosures in March alone?

Now what will be interesting is if they use the same excuse for Health care. "It's only..ah...well...I get good health care so screw em". How in the heck do you answer a guy who says "a public insurance plan would hurt private insurers". ?”
A Call For Questions For Timothy Geithner

A Call For Questions For Timothy Geithner

Commented Apr 20, 2009 at 13:33:03 in Politics

“AIG Question:

1. What percentage of the funds paid went to Credit Default Swaps where the Swap owner had no underlying financial interest in the CDO except failure. ( Naked Credit Default Swaps= same as naked short selling)

2. Was Goldman Sachs a prime beneficiary of naked Credit Default Swaps? How is it possible that
the former Treasury Sec was not influenced by having the CEO of GS in DC when the decisions were made on AIG? How is it possible that you are not influenced by ex-executives of Goldman Sachs that are working for you?

3. Why haven't you advised the President to issue an emergency executive order making naked Credit Default Swaps null and void? If the President cannot do this by law, why haven't you asked congress to make a modification to the existing laws on the books ?”
huffingtonpost entry

Eliot Spitzer Tells Fareed Zakaria: AIG Has Bigger Problems (VIDEO)

Commented Mar 21, 2009 at 18:38:49 in Politics

“What's worse? Paying $5000 to a prostitute say as opposed to free sex with young intern or "forgetting to pay taxes" when one is apply for the job that oversees the IRS. I would argue that sex has very little to do with Spitzers role as Governor even though it shows a defect in someone that has been built up to be Ellitot Ness. Disappointing? Yes for some. Deal breaker? Only if he had been busting the chops of the most powerful people in the world.

Then it comes down to who has the most credibility in the financial issue. One who had busted the creeps or brought them to to the table to pay large fines for their behavior, forced some to resign as he pried open a door the Feds should have been walking through or a guy who sees nothing wrong with what they do and blindly hands them trillions who forgot to pay his taxes until the job of Treasury Sec came up.”
AIG Bonuses: Scandal Spurring Gov To Rein In Bailout Funds

AIG Bonuses: Scandal Spurring Gov To Rein In Bailout Funds

Commented Mar 17, 2009 at 21:21:56 in Business

“I agree. Then there is the next outrage with Chase investing 400 Million In India to outsource 10s of thousands of jobs. Treasury put 25 Billion into them, guaranteed another 29 Billion in Bear Stearns debt. Got them the company for a song and then helped them with the WaMu purchase for billions of guarantees.

Geithner and Summers will bring down Obama. As we move into phase two of the resets of the ALT-As, NinJa specials and Option Arms which currently have a 70% default rate, this hole is going to keep growing larger. People are going to ask a very simple question and want an answer: How can you throw trillions at these people to only see things getting worse...( as Dimon is bitterly complaining about the vilification of bankers) . If Geithner was truly loyal to his president and his country, he would admit he had met Peter- the principle- and the meeting didn't go well. Then resign.”
huffingtonpost entry

White House Confidential

Commented Mar 9, 2009 at 13:08:10 in Politics

“This crisis has been going on since the Bear Stearns Bail out for more that a year. I think the real question President Obama needs to ask is "How can you throw trillions at a problem and not see any positive affect?."

The excuse that the money helped avoid the collapse of the financial system is about as relevant now as Bush kept the country safe after 9/11.

As more and more main stream writers start to get their handle around the problem we see a huge multiplier: Credit Default Swaps. Bookies go under when they take too many bets on a out come and don't have offsets. The US Govt became the Bookie when AIG and others failed.

So question two should be : How much money has gone to pay off bets , especially to people who had no financial stake in the underlying transaction.

I think once those two questions are answered and put in the context of a stimulus package that is far less then the great bank bail, President Obama will be looking at the FDIC to take charge. After all , it was Sheila Bair who was pushing for a rule to have the banks unravel their derivatives. I think she knows like many others that the banks have been using the credit default swaps to value assets at the original face value instead of the real value which makes them insolvent.”
huffingtonpost entry

Obama Financial Team to Taxpayers: You'll Get Nothing, and Like It

Commented Feb 2, 2009 at 15:41:12 in Politics

“I'm not sure we need a "Bad Bank". The market seems a bit flooded with Bad Banks. On the other hand we could use some Good Banks that could cut "the too big to fail" out of our vocabulary. No one is indispensable and no corporation is indispensable. So, take the TARP funds plus the 2 Trillion and banking venture capital firm. Management with proven track records would be funded.

With enough funds that could take the deposits away from the big three. Then when they go bankrupt, buy the bad assets for pennies on the dollars out of the bankruptcy court these guys were so anxious to reform. . Once the bad assets are converted at a large profit, take the companies public and the Venture Capital Firm cashes out and returns the funds to the treasury. For those execs that scream bloody murder becuase of Govt sponsored competition, just answer with "It's much better than Jail time".”
Lending is Contracting -- As Well It Should

Lending is Contracting -- As Well It Should

Commented Jan 26, 2009 at 22:03:00 in Business

“Banks operate on Fractional reserves. When Paulson claimed the credit markets were locking up, he was being pretty slick.congresspeople who don't know finance assumed this money was for consumer and business credit. What it was for was to hold together the fractional reserve banking system. Meaning, banks never have all the cash on hand that depositors or debtors may demand on a given day (credit card owners may max out a card) . So they borrow from other banks overnight . As new deposits come in and payment for loans they payback the overnight loans.

Since the banks were lying about their assets who got involved with this sub-prime fiasco, they knew other banks were lying about their true financial condition. They no longer trusted each other. They could go under with a few billion of another bank's money. If there had been a run on the banks it would have been a catastrophe. That's why he said TARP was to unfreeze credit. He meant so banks would loan to each other again for everyday business. He couldn't have all the banks fail on his watch with a depression type run on them. He couldn't have cared less about consumers or business.
He also didn't say that Goldman Sachs got a huge check from AIG when he handed them 85 billion for the bets ( Credit Default Swaps) that Goldman had made on those bad mortgages.”

olephart on Jan 27, 2009 at 07:52:21

“In 2005, the investment banks' CEOs, including Hank Paulson, asked the SEC to lower their reserve requirements from 10 to 1 to 35 to 1. This multiplied their profits and risks. While these toxic assets were scattered everywhere they were still concentrated in the hands of the perpetrators. The FDIC and Fed were monitoring the commercial banks thus the investment banks could have been isolated from the system. Their resulting failures could have been handled in a different fashion. The costs may have been as great but the results would have been far superior to allowing them to continue as criminal enterprises enriching the few at the expense of the many.”
Moderate GOP Sen. Collins: I'm Voting Against Geithner

Moderate GOP Sen. Collins: I'm Voting Against Geithner

Commented Jan 26, 2009 at 17:30:54 in Politics

“I'm with you on Geithner. I think he is the last guy that should have been appointed. On the day he was announced the Market went up big because Geithner represents the status quo. But these are complicated economic problems that virtually no one in congress understands in the first place. So the GOPers picks the taxes

As head of the NY Fed, he may not have been at the nexus of Wall Street until the last few months. To make it simple; why would anyone be for trusting the people who caused this mess by raining trillions on them to fix it ?

Geithner stated that Bair "is not a team Player". Yet she has been pushing for a rule to get the banks to unravel their derivative exposure. She wants complete transparency so the FDIC knows the true state of their finances.

She actually wants to regulate the banks. Paulson rejected her idea, even though the cost for a nation wide roll out was projected at 40 billion, by saying " I'm making investments, that's a give-a-way. Give me Bair and the 40 Billion dollar "give-away" and lets not invest trillions in banks that should be liquidated. But Geithner says "Trust him" even as he was at the table on every large deal that was made with Paulson and apparently approved.”
huffingtonpost entry

Bank of America: Bad for America

Commented Jan 17, 2009 at 20:36:38 in Politics

“I think a lot of people are forgetting or don't understand how Credit Default Swaps play into seemingly irrational behavior ( jacking up interest rates, refusals to do loan modifications, misreporting to the credit bureau etc). The Credit Default Swaps are bets that were made that the debtor would default. Depending on how the Swaps are structured and how it defines an event, the buyer gets paid full face value of the debt. In many cases, the banks themselves took out bets along with numerous others on the same tranche of securities. Once you understand that, you also understand a bankruptcy or a foreclosure is the desired outcome. You also understand where a lot of this TARP money has gone. Since the Swaps were never regulated, anyone could sell them. Banks who had bets out that people would fail on their obligations and even pushed them into failure found they didn't have a counter party to that bet that could pay. In comes Paulson. Take a look at the 150 Billion AIG swallowed. They were a major seller in Credit default swaps. Goldman Sachs was a major buyer of the Swaps and a seller of the Collateralized Debt obligations in 2005-2006. That's when Paulson was CEO. You can guess the rest. IMO, This TARP deal is the biggest heist in US history. It's as if the taxpayers are being made to pay off every bad debt made in Las Vegas x 100.”
Hamas and the Death of a Better Future

Hamas and the Death of a Better Future

Commented Jan 17, 2009 at 19:36:47 in World

“You realize , using this logic
"You fail to realize it's their land ...."

You could also be talking about yourself unless you are a Native American Indian. No country anywhere has been formed without someone getting bloody. It may go back many hundreds , even thousands of years, but I don't think there is a time limit or a cut-off point when things have to be settled.

The problem with this land dispute is that people are relying on various different versions of history going back over a thousand years of who the land belongs too. Yes I've heard the pre 1967 borders which is as ridiculous as anything else I've heard. Under this logic, shouldn't we revert to pre-treaty of Guadalupe Hidalgo- borders for the many times we violated that treaty with Mexico which we forced them in to by using the might of our military? If you are living on this land, are you ready to give up all your possessions and leave? If not, quit insisting you have the moral right to tell another country where they do and don't have rights to live nor their willingness to defend it. When a fight breaks out, people fight to win. The disproportionate force argument falls flat here too even in present day. Look no further than Iraq for confirmation.

Finally we hear actual participant in that conflict. Too bad it's not what you wanted to hear. Time to get off your soapbox.”
Israel, Stop! Just. Stop.

Israel, Stop! Just. Stop.

Commented Dec 30, 2008 at 15:43:23 in World

“The problem with the :Blame Israel" stance is that in order for there to be a problem to be solved all involved must see it as a problem. The carnage won't stop as long as many see the conflict as opportunity. As mentioned there is little mention of the rockets that Hamas fired into Israel before Israel decided it had had enough. But one most go further.

Hamas virtually destroyed the Fatah movement in Palestine. The reason Israeli intelligence is targeting the houses of Hamas fighters and leaders is that Palestinians mapped them out for them. Although you won't see outright cheering from many Arab groups, there are many who want to see Hamas say exactly what the Hezbollah leader said after Lebanon.(Paraphrased ) "If I had known that a few rockets would produce such a reaction, I never would have authorized it"
There is a group of Palestinians who see this as an opportunity. There are also a few Arab countries that are also are quietly happy.

There is much more to this than a few rockets fired and what's seen as a disproportionate response. Nevertheless, I would like to see the reactions of the people who despise Israel so much if rockets randomly dropped in their home towns on any given day by a disaffected group living in say Canada. Is this a matter for Law enforcement when there is over 20,000 armed and trained fighters?”
Defending and Fixing Wall Street, Part II Credit Default Swaps

Defending and Fixing Wall Street, Part II Credit Default Swaps

Commented Dec 28, 2008 at 17:45:49 in Business

“I think doing away with them has always been the answer to this problem but not one the powers that be will turn to. People have made a lot of money , who had zero interest on the underlying securities, by buying them to bet on failure. People continue to make serious money every time a foreclosure happens. Not only did CDSs exponentially increase the damage to taxpayers for bailing out these institutions,. they conitinue to be a source of massive income for the bettors and thanks to Paulson the one leg the Banks are standing on to prevent total collapse.

Banks that have taken out CDSs on the bundles of mortgages that were packaged by Wall Street will value the assets at a far higher value than they are worth because they are "insured". That's another reason pulse loans were made in the 100s of billions.

But Paulson failed to distinguish between those who had financial interest in the securities - the banks, the insurers and the buyers of the securities from the disinterested third parties like hedge funds who have made a fortune betting on them. They are few and far between and we don't hear too much about them.

The great heist continues unabated as we watch helplessly and as other point fingers at simplistic solutions and attempt to make the premier investor of our time look like an idiot. Nice.”
huffingtonpost entry

An Open Letter to Paul Krugman

Commented Feb 6, 2008 at 18:17:12 in Politics

“A Universal Health care plan prior to an election is like an attack plan before a war. It never survives first contact with the enemy/congress.

Lobbyist's don't get paid seven figures for failing. Business week says that when comparing lobbying to traditional marketing, companies get a 12:1 return on every dollar invested vs. traditional marketing dollars.

With that in mind, it was pointed out by CNN that the healthcare industry has spent 2.8 Billion in "Lobbying" in the last ten years. Lobbying is not a one person game. It takes willing congress person(s) to make a lobbyist successful.

Here's a quick comparison. It took the credit card companies 10 years and 120 Million in lobbying fees to get the Bankruptcy reform act of 2005 through which a plurality of Democrats voted for...

So one has to wonder what 2.8 Billion is buying and what rose colored glasses Krugman is looking through when "examining" the health care plans of the Candidates.

Krugman's analysis is at best Ivory tower thinking. It's not grounded in any particular reality, Just the way things ought to be in a perfect world. At it's worse, it's on par with the think tank policy that the Republicans relied on so heavily. The difference being is that the R's realized and heavily depended on bribery and corruption.

When examining the plans the first thing one has to consider is what could get through congress.

After he does that, he must surely be aware that Wall Street is pushing the health care sector as wonderful defensive play in a down economy. The collective market cap of the sector is a stunning 2.5 trillion dollars.

Giving credit where credit is due. Obama coming from the hard streets of Chicago while tangling in Illinois politics, recognizes reality with his plan. Although I doubt he much of a chance of seeing his plan go through congress without it coming back to him looking much like a skeletal zombie in a horror movie.”
huffingtonpost entry

You Don't Know Dick

Commented Jun 29, 2007 at 01:30:14 in Politics

“Dumber Still are the people in the majority party too scared to try to throw them out of office. Kinda like finding a couple of cases of smallpox in your home and saying

"Geez someone should talk to those people and maybe ask them to leave via a containment truck".

"Ya Think?"

"Oh Yeah"

"Why don't you do it?"

"Oh no, I couldn't do that people will make fun of me and not come to my parties".

" But they could end up killing everyone"

"Yeah, someone ought to do something"”
huffingtonpost entry

Must See Movie: Shooter

Commented Apr 10, 2007 at 12:39:49 in Politics

“The book is terrific with a much more depth on his dog getting killed which totally justifies everything in my mind. Don't hurt the dog.

The movie modernized and abbreviated the book but I enjoyed it. You can't go wrong with a Stephan Hunter book . I'm glad his book translated into a movie well. It's too bad the reviewers didn't see it that way.”
huffingtonpost entry

It's Not the Questioning of Bush's Policy in Iraq That Brings Down Morale

Commented Apr 14, 2006 at 12:52:16 in Politics

“Sure, I'll ask the Congressman. Are we going to abandon the bases?

Now that that's out of the way one has to wonder why we would want to control their oil resources when they lose 7 Billion a year pumping oil that costs 1.50 a Bbl to produce that sells in the 60s and soon the 70s.

It sounds to me that the pure economics of the situation suggest that we would be paying far more than $70 a BBL of oil before we factor the 200 Billion a year it costs to stay in country...all for the privilege of controlling their oil resources.

One glance at the deficit- the real cash deficit, the one that causes us to raise our debt ceiling by a trillion or more a year, the lost lives, the wounded and I think any sane person would tell you that we can't afford that oil.

Amazing how a $1.50bbl of Oil suddenly turns into $1,500 eh? Go ahead and follow up now, or are you squirming?”
huffingtonpost entry

Matthews Responds to Bloggers: "People Misunderstood What I Said Last Night"

Commented Jan 22, 2006 at 13:09:37 in Home

“I'm not sure why any of you think that Broadcast commentators would have any sympathy for a party that would take away their tax cuts. Local News readers make healthy six figure salaries while those with a national following are high 6s low 7s on cable and in the 8s on Network news. Bush puts money in their pocket.

As far as Chris Matthews, he moved into a 4.5 million dollar house with his wife. He and wife pull some serious dollars down. They have to just to pay the taxes on a house like that. It only stands to reason that the notion of putting the country before their pocketbooks is not even on their brain. The only thing they care about is the ratings, so they can keep their job and pay for the goodies. If Junior puts more money in their pocket at the same time, guess where their sympathies lie?

I've watched Matthews before and he's like a vacillating poll reading politician. If the R's are down, he'll beat on them mercilessly. If they are up in the poll in order to increase viewership with out consequence. If they are up in the polls, he's their best friend.

The only high point about this mess is that his viewship numbers are pathetically low. I'm sure this will give him a temporary boost. But he'll be back to his "base" before long.”