Construction Bonds

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CONSTRUCTION BONDS….Andrew Sullivan is amused by a CBS report that Sarah Palin actually answered a question from the press today, “prompting concerned looks from staffers.” I can well imagine. However, I’m more perplexed by the answer itself:

“Disappointed that taxpayers are called upon to bail out another one. Certainly AIG though with the construction bonds that they’re holding and with the insurance that they are holding very, very impactful for Americans, so you know the shot that has been called by the Feds — it’s understandable but very, very disappointing that taxpayers are called upon for another one.”

Construction bonds? What is she talking about? Maybe performance bonds? Not that that makes any more sense. What’s more, I’m pretty sure that AIG’s consumer and commercial insurance business wasn’t in any danger. So why focus on that? I mean, if you’re only going to give the press a single sentence, why not spit out something about counterparty risk and leave their jaws hanging?

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Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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