Tuesday, November 18, 2008

Tuesday Coffee Stops and Another Cartoon

Washington Post: Some Abortion Foes Shifting Focus From Ban to Reduction - Jaquiline L. Salmon

Frustrated by the failure to overturn Roe v. Wade, a growing number of antiabortion pastors, conservative academics and activists are setting aside efforts to outlaw abortion and instead are focusing on building social programs and developing other assistance for pregnant women to reduce the number of abortions.

Some of the activists are actually working with abortion rights advocates to push for legislation in Congress that would provide pregnant women with health care, child care and money for education -- services that could encourage them to continue their pregnancies.

Their efforts, they said, reflect the political reality that legal challenges to abortion rights will not be successful, especially after Barack Obama's victory this month in the presidential election and the defeat of several ballot measures that would have restricted access to abortions. Although the activists insist that they are not retreating from their belief that abortion is immoral and should be outlawed, they argue that a more practical alternative is to try to reduce abortions through other means.

"If one strategy has failed and failed over decades, and you have empirical information that tells how you can honor life and encourage women to make that choice by meeting real needs that are existing and tangible, why not do that?" said Douglas W. Kmiec, a law professor at Pepperdine University who served in the Reagan and George H.W. Bush administrations. Kmiec, a Catholic who opposes abortion, was criticized by some abortion foes because he endorsed Obama.

Time: White House Won't Use Half of Bailout - David Epso

The Bush administration has told top lawmakers it does not plan to use at least half of the $700 billion bailout fund that Congress approved this fall to aid the financial industry, congressional officials said Monday.

These officials said Treasury Secretary Henry Paulson passed the word over the weekend that he intends to leave $350 billion untouched when the administration leaves office on Jan. 20. That would mean the incoming Obama administration would decide whether and how the funds should be spent.

The Nation: Paulson Plays While We Pay - Nicholas von Hoffman

With his latest policy switch to buying stock in banks and other companies, Henry Paulson has more zigs and zags to his credit than a fox trying to escape a pack of hounds.

The fox and the hounds, of course, have a clear idea of what they want to do and how they want to do it, which is more than you can say of Paulson. Sums of incalculable size are being spent or pledged by Paulson and his playmate, Ben Bernanke, chairman of the Federal Reserve Board, and nobody outside their organizations, or maybe inside them either, knows who got what, how much they got and under what conditions they got it.

In the past couple of months Bernanke has loaned out $2 trillion to unnamed companies under eleven different programs, all but three of which have been slapped together in the past fifteen months of financial crisis. To repeat, we do not know who got this money or what collateral was put up in return for the loans or what conditions were attached to them.

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