WaPo: Geithner plan was incomplete
By mw | Related entries in Bailouts, Economy, MoneyI don’t think they’ll make the same mistake twice. Whenever the fully fleshed out plan is unveiled, I expect it will be to a positive market reaction.
I don’t think they’ll make the same mistake twice. Whenever the fully fleshed out plan is unveiled, I expect it will be to a positive market reaction.
The Obama Administration may be trying out a kinder, gentler style of foreign policy, but Secretary of State Hillary Clinton has already put North Korea on notice: test a long-range missile and they can forget about a better relation with the U.S. While in Japan, Clinton responded to North Korea’s assertion the nation has a [...]
And much like California, they may have to limit their employees from coming to work because they might not be able to meet payroll. In fact, it’s almost a certainty that they’ll have to make serious cutbacks immediately. And this was a crisis that is completely out of the control of any Governor’s control. Still, [...]
Here’s the preview, presented in two parts. Part One Part Two You can find it on air & online today at 9 pm EST on PBS. And here’s the website.
I have an 0p-ed in the Star-Ledger (the paper of record for New Jersey!) about how presidents go about rebuilding their legacy after leaving office. My basic thrust is that a president’s post-career can do as much to shape their legacy as their time in office. In the case of John Q. Adams and William Howard Taft, it [...]
“Nobody is going to put fresh capital into the banking business when your major competitor is going to be continuously bailed out by the United States government with more and more money.†– Rusty Cloutier, President/CEO of MidSouth Bank So there’s that. And then I keep hearing the word “nationalization” being bandied about by leading [...]
A glimpse of the future today. This isn’t necessarily related to politics, but the following tech is pretty huge if you’ve been following the organic light-emitting diode (OLED) space. So yeah, they’re cool, but what could be the most significant thing about these displays is that they don’t require a backlight and so they use [...]
Glenn Beck has a conversation with Michael Steele, and it’s a good one. I have to say that the decision to choose Steele as the Chairman of the RNC was definitely a good one. Looking past the obvious difference in the selection of Michael Steele (and the blustery-goodness of Glenn Beck), it is clear to [...]
Some pretty depressing numbers. GDP dropping by 12%+ in Japan because nobody’s buying their exports. Yikes. Question…who is doing well? Also, if this truly is a global economy and we’re all connected now, then how will we be able to pull ourselves back out of this if nobody’s buying what we’re selling either?
The Obama Administration has announced the Car Czar is out and an automobile task force is in. Treasury Secretary Timothy Geithner and National Economic Council Director Lawrence Summers will oversee a new panel charged with overseeing the government bailout of GM and Chrysler. This move comes a day before the two car companies are scheduled [...]
The topics? Why is bipartisanship dead? And why is Obama so non-bipartisan. Of course I kid. It’s all about the stimulus bill passage. Axelrod obviously touts the job creation in the bill, and I think it’s pretty clear at this point that 2012 will be all about this bill. Check it out… What did you [...]
Nothing to do with politics, but a lot of people are talking about the following clip as if it’s evidence that Joaquin Phoenix has lost it. Listen, the guy is one of the best actors of his generation. You don’t think he’s playing a part here? For further evidence that Phoenix is just having fun, [...]
The $787 billion stimulus bill passed and Obama explains how the spending will be tracked and the information will be made publicly available for everybody to see… Already, Republicans who didn’t vote for the bill are praising pieces of it… Rep. John Mica was gushing after the House of Representatives voted Friday to pass the [...]
Trying/reviewing another coffee today and it’s a double dark French Roast this time. The grind smelled just as good as the Guatemalan Fuego, but for different reasons. Lots of strong, robust smokiness. Oddly enough, when it started brewing, the house didn’t fill with as strong of an aroma as the Fuego. But I find that’s [...]
This is how your Congress works. No one read the Stimulus bill.
Flint’s mayor, Donald Williamson, faces a recall on February 24. However, he will not have to worry about that election now. On Monday, Williamson announced his resignation. Chased from office by the recall? Not according to Williamson. He is quitting for health reasons. His doctor said he needs six to eight months of rest to [...]
Robert Stacy McCain has a scathing post that seeks to permanently douse the concept of a left-libertarian coalition ever being a real possibility, which includes this little bit: As a political impulse, the sort of libertarianism that scoffs at creationism and traditional marriage wields limited influence, because it appeals chiefly to a dissenting sect of [...]
I find it extremely troubling that my fellow bloggers would believe a columnist from Portfolio who only suggests that Congressman Kanjorski’s claims were false without providing any evidence or checking what the players actually said. You know the players…like one of the guys who actually saw what was going on from the inside of the [...]
o what extent did the Treasury Secretary and the executive branch permit misinformation and fear to be used to panic the Congress into abrogating their responsibilities to the American taxpayer and pass a very bad bill with very little consideration?