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The DC Morning – July 14, 2010

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Small banks screwed by TARPNancy Pelosi is going to claw out Robert Gibbs’ eyes Scott Brown is such a teaseHow can the FCC make sure that America is pure if it cannot control curse words?Slap fight breaks out between NAACP, Tea PartyDeficit report: We are slightly less broke than last year, still broke though

1.) Hundreds of small banks wish they’d packed protection when they went home with Treasury — “If small banks that received TARP money could travel back in time, they would head for October 2008 and tell the Treasury and Congress to get bent, because everything has sucked since they borrowed all that money, reports the AP: “The 690 small banks that took bailout money are even worse off, according to a report Wednesday from the Congressional Oversight Panel, which monitors the $700 billion financial bailout. Already, one in seven has failed to pay a quarterly dividend due to Treasury. They can’t afford the payments, which will nearly double in 2013.” According to a report from the Congressional Oversight Panel, “There is very little evidence to suggest that the (bailouts) led small banks to increase lending.” According to Treasury spokesman Mark Paustenbach, TARP helped small banks “weather the storm and continue to extend credit in the economy.” Someone is lying.
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2.) Nancy Pelosi places a bounty on Robert Gibbs — “House Speaker Nancy Pelosi sharply criticized White House Press Secretary Robert Gibbs at a closed-door House Democratic caucus meeting late Tuesday,” reports FOX News, “irked since Sunday by Gibbs’ careless and dismissive comments” that Republicans are polling better than kleptomaniacs in district after district. Pelosi asked during the meeting, “How could he [Gibbs] know what’s going on in our districts?” Well, there’s Rasmussen, and Quinnipiac, and Research 2000 (oh wait!). Also, everybody knows that Pres. Obama hates the House Dems for making him look like a bad president. That is why he really wants the Republicans to take over the house. No one will be able to fault him for his stalled agenda when the GOP is voting “You lie” and “Hell no!” every time a White House pet project makes its way to the floor.
Share: 3.) Democrats disappointed to learn that the Chosen One does not support limiting speech — Sen. Scott Brown has Democrats chasing their own tails. He signs on to financial regulatory reform, backs out, signs on again. Boom. Done. Dems think they might have him for the DISCLOSE Act, as well, but then what does Brown do? He turns around and tells The Daily Caller’s Jonathan Strong, “It’s a bad bill. It’s being used strictly for tactical advantage for the majority party. It’s inappropriate.” Inappropriate, says the man who tried to practically auction off one his children at a campaign rally! According to Strong, “A key concern of Brown’s, and other Republicans, is that the bill’s implementation – 30 days after enactment during the height of campaign season – would cause mass confusion as to how to implement the law’s new standards.” Sen. Chuck Schumer is going to be livid! But Brown doesn’t care. He knows inappropriate when he sees it, and had this message for his mid-Atlantic colleague: “He should look somewhere else.”
Share: 4.) Circuit court tells FCC to go [expletive deleted] itself — “In a sharp rebuke of the Bush-era crackdown on foul language on broadcast television and radio, a federal appeals court on Tuesday struck down the government’s near-zero-tolerance indecency policy as a violation of the 1st Amendment protection of free speech,” reports the LA Times. “A three-judge panel of the U.S. 2nd Circuit Court of Appeals did not have the power to strike down the 1978 Supreme Court decision that affirmed the FCC’s right to police the airwaves for objectionable content. But it reversed the aggressive stance the agency took starting in 2004 that found even a slip of the tongue that got by network censors was a violation subject to fines for the stations that aired it.” Who will be the first live-television personality to celebrate? Larry King, right before he goes off the air?
Share: 5.) NAACP slams Tea Party — “The NAACP passed a resolution Tuesday night condemning Tea Party activists, or at least some Tea Party activists, as racists who want ‘to push our country back to the pre-civil rights era,'” reports The Daily Caller’s Alex Pappas. NAACP President and CEO Benjamin Todd Jealous said in a statement released late Tuesday night, “We believe in freedom of assembly and people raising their voices in a democracy. What we take issue with is the Tea Party’s continued tolerance for bigotry and bigoted statements.” In response, the St. Louis Tea Party is calling for the revocation of the NAACP’s nonprofit tax status. Wake us up when the slap fight’s over.
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6.) Oh god, we owe so much money — “The federal deficit has topped $1 trillion with three months still to go in the budget year,” reports the AP. Granted, it was $1.09 trillion this time last year, and federal spending is down 2.8%, but we are not out of the woods just yet: The national debt commission won’t have a report ready until after the November midterm elections.
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