Morning Coffee Break – Cruz, TARP, and Mali meets Sharia – Wednesday, August 1, 2012

The good, the bad, and the ugly.

  • Tea Party and grass roots Texans, tired of business as usual,  put Ted Cruz over the top in Texas senatorial primary runoff against Lt. Gov. David Dewhurst, who was up 20 pts in the race a couple of months ago. Considering that Rick Perry had thrown his weight behind Dewhurst, Gov. Perry may soon be facing his own version of political ennui.  Public Policy Polling found that Texans considered a Perry endorsement a negative.  It’s no longer business as
  • Regulating the regulators?  Came across this article, Into the Bailout Buzz Saw,  in The New York Times while perusing others.  If you want to know, or rather, if you can stand to know, how the oversight of the TARP funds was really handled by Washington’s Inspectors General, then this article is for you.  Neil Barofsky, former federal prosecutor, gave an interview preceding the publishing of his book about his experiences.  “Government officials, he says, eagerly served Wall Street interests at the public’s expense, and regulators were captured by the very industry they were supposed to be regulating. He says he was warned about being too aggressive in his work, lest he jeopardize his future career.”   Depressing.
  • Including another piece about the infiltration of Islamic extremism into Africa with two articles about Mali.  One couple pays with their lives for defying sharia law, and the destruction of historical treasures of Timbuktu are clear indications of what the West is dealing with, as now terror spreads to the African continent.  Yet so many of our leaders have their proverbial heads in the Sahara.

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