Archive for February, 2009

Charlie Rose Talks To Larry Summers, Nouriel Roubini, Mark Zandi, and Fred Mishkin

By Justin Gardner | Related entries in Banks, Economy, Housing, Video

The topic? Their favorite restaurants in D.C. No, of course it’s the economic crisis and the housing situation and the banks and TARP and and and and and and… Most of the pundit shows really don’t have the time to give complicated topics like the economic crisis the attention they deserve. So what we usually [...]

February 20th, 2009 | Permalink| No Comments »

Republican Demands Obama Email Accountability?

By Justin Gardner | Related entries in Barack, Democrats, Republicans, Technology

This is rich… After dismissing calls for the Bush email system to be more accountable, Rep. Darrell Issa of California is demanding that the Obama administration report back to him in two weeks about how they plan on archiving and saving emails they had to send via Gmail because the Bush system kept breaking down. [...]

February 20th, 2009 | Permalink| 9 Comments »

Republicans Push Obama To Reverse Stem Cell Ban

By Justin Gardner | Related entries in Barack, Republicans, Senate

They think he’s moving too slow? I guess bipartisanship is back from the dead. From CNN… A group of six moderate House Republicans have written to President Obama urging him to lift President Bush’s ban on federal funding for embryonic stem cell research. “We are writing to respectfully urge that you immediately lift the current [...]

February 19th, 2009 | Permalink| 2 Comments »

How bad is the recession, really? The Federal Reserve’s latest forecast

By John Burke | Related entries in Economy, Federal Reserve, recession

On February 1st, I noted in this post that, based on the data in hand and reliable projections, the recession seemed to be on track to become the worst downturn since the back-to-back recessions of 1980-82, but that it was a huge exaggeration — and unecessarily alarmist — to say that it’s the worst since the [...]

February 19th, 2009 | Permalink| 9 Comments »

The Obligatory Epic Farewell To President Bush

By The Pajama Pundit | Related entries in Bush

On the subject of George W. Bush’s presidency, there have already been a great number of postmortems written. Many of these are scathing, insult-filled diatribes for which the authors had been eagerly awaiting the opportunity to compose… for the last four-to-eight years. Not this one. While I will be the first to admit that I [...]

February 19th, 2009 | Permalink| No Comments »

Is The American Dream Forever Changed?

By Justin Gardner | Related entries in Economy

So much wealth has been lost, and not just at the top. Yahoo Finance has some sobering numbers… There’s no question the American consumer is hurting in the face of a burst housing bubble, financial market meltdown and rising unemployment. But “the worst is yet to come,” according to Howard Davidowitz, chairman of Davidowitz & [...]

February 19th, 2009 | Permalink| 5 Comments »

What Will Obama’s Fiscal Responsibility Summit Accomplish?

By Justin Gardner | Related entries in Barack, Economy, Health Care, Money, Social Programs

Two words: entitlement reform. First orders of business: Medicare and Medicaid… Now, [Director of Obama’s Office of Management and Budget, Peter] Orszag is preparing for the biggest week of his career, with a “fiscal responsibility” summit Monday and the release of Obama’s first budget Thursday. He’s signaling that the moves in the stimulus package are [...]

February 19th, 2009 | Permalink| 1 Comment »

Rick Santelli Leads A Revolt At The CBOT

By Doug Mataconis | Related entries in Barack, Economy, Housing, Politics

If you missed CNBC this morning, here’s Rick Santelli going off about Obama’s mortgage bailout plan and the strongly positive reception it got from the traders on the floor: Frankly, I think this is a sign that the criticism of Obama’s mortgage “relief” plan — especially the argument that it is rewarding irresponsible practices by [...]

February 19th, 2009 | Permalink| 13 Comments »

GOP Govs Say ‘No’ To Stimulus Money

By The Pajama Pundit | Related entries in News

Well, maybe.  Some of them.  This from today’s edition of FirstRead: This is a fascinating story, per the AP: “A half-dozen Republican governors are considering turning down some money from the federal stimulus package, a move opponents say puts conservative ideology ahead of the needs of constituents struggling with foreclosures and unemployment.” Who are these [...]

February 19th, 2009 | Permalink| 9 Comments »

North Korea Rattles Sabers

By Alan Stewart Carl | Related entries in Foreign Policy, Hillary Clinton, North Korea

Well, Joe Biden did warn us that our adversaries would challenge Barack Obama if he was elected. Looks like North Korea is doing just that. In a statement released today, the government in Pyongyang said the North is prepared for war against the South and would consider retaliating if the U.S. and South Korea go [...]

February 19th, 2009 | Permalink| 6 Comments »