Low risk of double-dip
I sure hope Geithner's right. Reality, however, is painting a different picture. Have we learned nothing from the Bush years?
Labels: economic crisis, Tim Geithner
Labels: economic crisis, Tim Geithner
Labels: Senator Richard Shelby
Like Jay-Z and Lady Gaga, Harold Ford, Jr. has a tour rider.
[snip]
According to the below contract for an appearance Wednesday at a Missouri college, Ford demands that when his limo driver picks him up, the chauffeur must be carrying a sign reading "H.F.." Presumably, if the Democrat's name was spelled out, hordes of fans/groupies would be alerted to his impending arrival and swarm him (something that has bedeviled the Jonas Brothers).
Presumably, if the driver just wrote "Harold Ford" (or "Ford"?), the would-be candidate would be swamped by a mob of adoring fans. So the rider stipulates that the sign read, cryptically, "H.F." (What if Howard Fineman is at the same airport? Or Hank Finkel? Or... Hitler Frankenstein?)
Labels: Harold Ford Jr., U.S. Senate
While influential 20th Century economist John Maynard Keynes would say it's best to increase deficit spending in tough economic times, only 11% of American adults agree and think the nation needs to increase its deficit spending at this time. A new Rasmussen Reports national telephone survey finds that 70% disagree and say it would be better to cut the deficit.
In fact, 59% think Keynes had it backwards and that increasing the deficit at this time would hurt the economy rather than help.
To help the economy, most Americans (56%) believe that cutting the deficit is the way to go.
Eighty-three percent (83%) of Americans, in fact, say the size of the federal budget deficit is due more to the unwillingness of politicians to cut government spending than to the reluctance of taxpayers to pay more in taxes.
Labels: economics, Keynesian economics, polls, taxes, U.S. economy
Labels: President Barack Obama, Rahm Emanuel
It's telling that a major force behind the Republican Party, and American conservatism generally, backs such appalling legislation. These people seem to have more in common with Uganda, Saudi Arabia, and other such illiberal places that they do with their own country and its liberal democratic principles. But then, for all their pro-American jingoism, they're actually quite un-American in terms of what they would like to do to America, and to the world, which is to remake it in the image of their own fundamentalism, including at the expense of basic human rights.
Labels: Africa, Barack Obama, Christianism, Hillary Clinton, homosexuality, oppression, Republicans, Uganda
As the primary season begins, Tea Partiers disagree about where the movement is heading. Rival factions are battling over who will carry the Tea Party banner. Some members worry powerful groups are "astroturfing" what they think should remain a grass-roots group.
"I don't think the Tea Party knows what's happening to the Tea Party," Sacramento party activist Jim Knapp said. "I don't think there's any question the GOP has their tentacles into the Tea Party."
Mark Meckler and Jenny Beth Martin, founders of the Tea Party Patriots, say they are proud of what the movement has accomplished, but they are frustrated that other Tea Party groups are being run by Republican political consultants forking over lots of cash for recruitment.
The Tea Party Express, a conservative bus tour that crisscrossed the country last year, was run from inside a Republican political consulting firm.
*****
Right now, [author John] Avlon said, the Tea Party groups are trying to flex their muscle and move the Republican Party further to the right.
But the unanswered questions are where that takes the Tea Party and how it affects the GOP in the long term.
"If it helps focus the Republican Party on a core message of a return to fiscal conservatism, which it abandoned when it had unified control of Congress... then I think that can help strengthen the party's commitment to that core unifying issue," Avlon said.
"But if it just empowers the extremes in the party, then I think when extremes control parties, when wingnuts hijack a political party -- ultimately, they take it off a cliff."
Labels: polls, Republican Party, tea parties, Teabaggers
"Our political correct [sic] society is acting like some giant insult's taken place by calling a bunch of people who are retards, retards," Rush said, adding that Rahm's meeting [on Wednesday] with advocates for the mentally handicapped was a "retard summit at the White House."
Labels: persons with disabilities, Rush Limbaugh, Sarah Palin
Labels: Democrats, Paul Krugman, Republicans, U.S. economy
Sen. Al Franken ripped into White House senior adviser David Axelrod this week during a tense, closed-door session with Senate Democrats.
Five sources who were in the room tell POLITICO that Franken criticized Axelrod for the administration's failure to provide clarity or direction on health care and the other big bills it wants Congress to enact.
Labels: Al Franken, David Axelrod, Democrats, U.S. Senate
Labels: personal
More than a third of the streetlights in Colorado Springs will go dark Monday. The police helicopters are for sale on the Internet. The city is dumping firefighting jobs, a vice team, burglary investigators, beat cops — dozens of police and fire positions will go unfilled.
The parks department removed trash cans last week, replacing them with signs urging users to pack out their own litter.
Labels: taxes
Labels: Democrats, health-care reform
In a time of tight budgets and fiscal restraint, these new investments are targeted at reducing Americans' drug use and the substantial costs associated with the health and social consequences of drug abuse,
Labels: crime, Obama Administration, war on drugs
Labels: Democrats, President Barack Obama, U.S. Senate
Labels: Barack Obama, conservatism, Richard Nixon, Ronald Reagan, U.S. history
Labels: media criticism, President Barack Obama, Rachel Maddow
Labels: Adm. Mike Mullen, DADT
On Friday the Obama administration signed off on a $6.4 billion (£4 billion) arms package for Taiwan. China, which claims the island, had repeatedly warned against the sale and retaliated by vowing to punish US companies.
Obama may butt heads with Beijing again in the coming weeks if he meets the Dalai Lama. The two nations also have a number of trade rows including Google's threat to leave China over the hacking of political activists' email accounts.
Officials and experts doubted that Obama was seeking to antagonise China. Rather, they said he had long planned to sell arms to Taiwan and meet the Dalai Lama but wanted first to develop a good rapport with Beijing.
Labels: Barack Obama, China, Hu Jintao, Iran, Israel
Eek! A horrifying shadow!
Maybe, the day after she gets elected President, in 2012, the sun will come out."
Labels: Groundhog Day, Punxsutawney Phil, Rahm Emanuel, Sarah Palin, William Kristol
Labels: health care, health-care reform, personal
Labels: Rahm Emanuel, Sarah Palin
[T]here is one extremely consequential area where Obama has done just about everything a liberal could ask for -- but done it so quietly that almost no one, including most liberals, has noticed. Obama's three Republican predecessors were all committed to weakening or even destroying the country's regulatory apparatus: the Environmental Protection Agency (EPA), the Occupational Safety and Health Administration (OSHA), the Securities and Exchange Commission (SEC), and the other agencies that are supposed to protect workers and consumers by regulating business practices. Now Obama is seeking to rebuild these battered institutions. In doing so, he isn't simply improving the effectiveness of various government offices or making scattered progress on a few issues; he is resuscitating an entire philosophy of government with roots in the Progressive era of the early twentieth century. Taken as a whole, Obama's revival of these agencies is arguably the most significant accomplishment of his first year in office.
Labels: Barack Obama, conservatism, liberalism, neo-liberalism, regulations, William Kristol
This tax-averse city is about to learn what it looks and feels like when budget cuts slash services most Americans consider part of the urban fabric.
More than a third of the streetlights in Colorado Springs will go dark Monday. The police helicopters are for sale on the Internet. The city is dumping firefighting jobs, a vice team, burglary investigators, beat cops -- dozens of police and fire positions will go unfilled.
The parks department removed trash cans last week, replacing them with signs urging users to pack out their own litter.
Neighbors are encouraged to bring their own lawn mowers to local green spaces, because parks workers will mow them only once every two weeks. If that.
Water cutbacks mean most parks will be dead, brown turf by July; the flower and fertilizer budget is zero.
City recreation centers, indoor and outdoor pools, and a handful of museums will close for good March 31 unless they find private funding to stay open. Buses no longer run on evenings and weekends. The city won't pay for any street paving, relying instead on a regional authority that can meet only about 10 percent of the need.
"I guess we're going to find out what the tolerance level is for people," said businessman Chuck Fowler, who is helping lead a private task force brainstorming for city budget fixes. "It's a new day."
Though officials and citizens put public safety above all in the budget, police and firefighting still lost more than $5.5 million this year. Positions that will go empty range from a domestic violence specialist to a deputy chief to juvenile offender officers. Fire squad 108 loses three firefighters. Putting the helicopters up for sale and eliminating the officers and a mechanic banked $877,000.
Labels: Colorado, municipal politics, taxes
La fille que j'aimera
Sera comme bon vin
Qui se bonifiera
Un peu chaque matin
The girl that I will love
Will be like good wine
Which will improve
A bit each morning
Labels: Groundhog Day, movies
Labels: 2010 elections, Charlie Crist, Democrats, Florida, Marco Rubio, Republicans, U.S. Senate
WASHINGTON (AP) -- The economy's 5.7 percent growth last quarter -- the fastest pace since 2003 -- was a step toward shrinking the nation's 10 percent unemployment rate.
There's just one problem: Growth would have to equal 5 percent for all of 2010 just to lower the average jobless rate for the year by 1 percentage point.
And economists don't think that's possible. [...]
Another way of looking at it: A net total of about 3 million jobs would have to be created this year to lower the average unemployment rate by 1 percentage point for 2010, economists estimate. Yet even optimists think the creation of 1 million net jobs is probably out of reach this year.
Labels: jobs, unemployment
Labels: financial regulatory refrom, Frank Luntz, Republicans
Labels: Bob McDonnell, Republicans, State of the Union, U.S. military, veterans