The Date of the Union

From The Houston Chronicle:

There was U.S. Rep. Sheila Jackson Lee, D-Houston, in her coveted State of the Union perch along the aisle. Wearing an eye-catching lime-green jacket, she got her brief moment of TV exposure and a handshake from President Barack Obama, as usual, as the president made his way into the august chamber of the House.

This time, though, instead of sitting in a bloc with her fellow Democrats, Lee sat beside a real live Republican, U.S. Rep. Pete Olson of Sugar Land.

The two Houston lawmakers were enthusiastic participants in the State of the Union “date night,” a bipartisan gesture prompted by the shooting of U.S. Rep. Gabrielle Giffords, D-Ariz., earlier this month.

The pre-speech curiosity was almost Oscar-night giddy — or maybe prom-night giddy — as lawmakers over the past several days paired off.

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A Few of My Favorite Zings

To the tune of My Favorite Things (music by Richard Rodgers, lyrics by Oscar Hammerstein):

Health care and midterms and all kinds of fighting,
Rallies and scandals, it was so exciting,
Tea party darlings were at it again,
All this shit happened in 2010.

Nothing but heartache for millions of Haitians,
While dumb old Pat Robertson hurled accusations,
John Roberts’ activist band of Supremes,
Were simply the court of a lobbyist’s dreams.

For the Love of Pete

From TALKING POINTS MEMO:

Intrigue. Deceit. And forbidden love on a sun-kissed tropical island — with billions of dollars on the line.

No, this isn’t a Danielle Steel bodice-ripper. Or Mark Sanford’s latest confession about crossing “the ultimate line”. Instead, it’s the story of the tangled, high-stakes relationship between Rep. Pete Sessions (R-TX) and accused Ponzi schemer Allen Stanford.

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The Bonus Round

SAN FRANCISCO (MarketWatch) — Top Wall Street executives reacted harshly on Friday to proposed legislation that would punitively tax bonuses awarded to employees at firms receiving federal assistance.

Citigroup Inc. Chief Executive Vikram Pandit and Bank of America Corp. Chief Executive Ken Lewis issued strongly worded internal memos about the proposed tax legislation, according to the online edition of The Wall Street Journal, while J.P. Morgan Chase & Co. Chief Executive Jamie Dimon sought to reassure his top executives that the firm is engaging with lawmakers on the matter.
The legislation, passed by the House on Thursday, would impose a 90% tax on bonuses for employees making over $250,000 a year at companies receiving at least $5 billion in federal aid under the Troubled Asset Relief Program, or TARP.
Citi’s Pandit criticized the proposed legislation in a memo to employees on Friday, arguing that it could result in the firm losing top talent.

Original movie poster.