A Night In New York

Trade-Off
J.P. Morgan Chase Chief Executive James Dimon faced some tough questions Wednesday from Democrats concerned about the bank's multibillion-dollar trading loss, but he got a generally polite reception from Republican lawmakers, who gave him some chances to argue against stringent bank regulations. (WSJ, 6/13/2012)


RedStateVT still doesn't get what is wrong with Republicans. Dimon funds Democrats and Republicans give him an easy time. They should be tagging him as just another Democrat Wall Street fat cat. 


Dumbest Idea Of The Day
A small group of billionaires, aided perhaps by a few super-millionaires, should form an alliance to offset the spending of the other billionaires and super-millionaires. They might call themselves Billionaires Against Billionaire Politics. These public-spirited citizens would announce that they will match every penny raised by the various super PACs on the other side.


In principle, they could commit themselves to balancing off whichever side — conservative or liberal, Republican or Democrat — is dominating the airwaves and the fundraising. The idea would be to destroy the incentives for the very rich to buy the election. If shrewd wealthy people realized that every $10 million they put up would be met immediately by $10 million from the other side, they might lose interest in the exercise.


As a practical matter, it’s conservative dollars that need to be offset, so this balancing act would likely be financed by non-conservatives. George Soros, Warren Buffett and New York Mayor Mike Bloomberg come to mind. But there may be other, less high-profile wealthy folks who want to do their patriotic bit. The hope is that this would be a one-shot deal. After one nuclear winter of an election, rich partisans could agree to mutual disarmament. (E.J. Dionne Jr. Washington Post, 6/13/2012)


Here's another idea for Dionne: Conservative billionaire donors would agree not to raise money for Republicans if Unions agree not to raise money for Democrats. How's that sound E.J.?


It is an indisputable fact of the universe that the ONLY time that Liberals yearn for bi-partisanship, want to negotiate or urge compromise is when they are getting beat.