Credit Denied.

Despite growing GOP support in the Senate, Tom De Lay refuses to consider an increased low-income child tax credit in the House unless it includes more schwag for the filthy rich, such as an estate tax repeal. Speaking of which, new analyses of the Dubya debacle suggest that the middle class will end up footing the bill while the wealthy frolic. So much for “trickle-down.”

Bragging Right.

Medley‘s been birddogging some interesting GOP quotes lately, and she’s found another in this article on Matt Labash, senior writer for The Weekly Standard. Says Labash of his fellow cronies in the conservative media, “We’ve created this cottage industry in which it pays to be un-objective…. It’s a great way to have your cake and eat it too. Criticize other people for not being objective. Be as subjective as you want. It’s a great little racket.” Sounds like conservative flaks are suffering from what Robert Wiebe called “the illusion of fulfillment.” As with the Norquist piece last week and as this Tom Paine article notes, it’s exactly this kind of public wink-and-a-smirk about their own fraudulent gimmicks that’ll (hopefully) help bring their “racket” to an early end.

The Powell Rules.

On a party line vote, the FCC eases ownership rules, paving the way for another wave of media consolidation over the nation’s airwaves. With Chairman Michael Powell now playing kingmaker for the likes of Rupert Murdoch, the Commission has come a long way from low power FM in two short years.