Had to get in some quality time off of the Interwebs today, sorry. Here’s a generous selection of what other people did with their weekend:

• The President continued to make good noises about job creation in his weekly address. His instincts toward public investment seem to be the right ones. We’ll see what’s on Obama’s mind on Tuesday, when he delivers a speech at Brookings on what job strategies he’ll endorse.

• The deal with the pharmaceutical industry looks in a fair bit of peril on the floor of the Senate. Ryan Grim, who reported the initial deal, has some good pieces this weekend here and here. Ultimately, I think Dorgan’s reimportation bill has the best chance of breaking through.

• Of course, Max Baucus and his girlfriend dominated the news this weekend. I’m going to have to agree with Marcy – I’m not so interested in Baucus’ indiscretions (which actually don’t even look to be indiscretions) in his personal life, rather than the indiscretions involved in letting a WellPoint VP write the health care bill.

• There’s a Senate Democratic primary in Massachusetts on Tuesday, and depending on the poll you read, it’s either a walk for Attorney General Martha Coakley, or Rep. Michael Capuano has a shot to take it.

• I think Aetna’s brazenness about raising rates to knock people off coverage and boost their profit margin is starting to inform some of the decisions on Capitol Hill. It was good to see Harry Reid and other Dems blast the decision over the weekend. What lesson should they take? The current system, or even a patch on it, is completely unsustainable.

• Sheila Bair of the FDIC is talking about lowering principal for homeowners. About time, but it may be too late – a quarter of all people with modified mortgages are already behind on their payments.

• Hey, it turns out that your boss is ripping you off by getting more productivity out of you for the same wage. That’s just part of the one trillion dollars in wage losses felt by workers in this recession.

• I think the Los Angeles Times needs to be more skeptical before proclaiming that the bank bailout is paying off. It’s doing better than the Glenn Becks of the world would admit, but it’s still a loss of money, and more important, it hasn’t fundamentally altered what amounts to a plutocracy for the big bankers.

• There are signs of this turning around, however, from Timothy Geithner of all places, as well as the usual suspects. However, for every closed loophole there’s another big gift for the banksters. So to think that Wall Street’s about to lose in the process of financial reform isn’t very realistic.

• This is a good read from Eric Kleefeld about how a country like Australia, with a Parliamentary democracy, differs from a paralyzed Presidential system like ours.

• You heard Orrin Hatch – if only the GOP was in control, they’d get this country under control. He must have had his memory wiped by that thing from Men in Black.

David Dayen

David Dayen

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