"Be happy, worried liberals. Obama's bill is a triumph" (Michael Tomasky-Guradian UK):
Instead of focusing on the compromises, we should rejoice in the great victory that the president's stimulus package really is."Economist James Galbraith: Bailed-Out Banks Should Be Declared Insolvent" (Democracy Now! with audio/video):
With estimates of the cost of addressing the financial crisis exceeding $9.7 trillion, we speak with economist and University of Texas professor James Galbraith, author of The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too. Galbraith says rather than pouring billions into propping up troubled giant banks, the government should declare them insolvent."CNN's Ed Henry asks whether public can see coffins from war"--thinkprogress with video (04:32):
Since 1991, the media have been banned from covering the arrival of remains of military dead at Delaware’s Dover Air Force Base. Yesterday, noting that Vice President Biden has previously criticized this policy, CNN’s Ed Henry asked President Obama a hard-hitting question on whether the administration will rescind this policy in the spirit of transparency."Geithner blocks tougher conditions on Wall Street" (AMERICAblog):
Who ever would have guessed or could have seen this one coming? Well, besides me and Atrios, that is. It's not like Geithner hasn't been chummy with Wall Street for a while, ignoring the disaster around him during his years at the Fed. This isn't change we can believe in. It isn't even change."Checkmate" (John Cole) Balloon Juice:
I guess the real questions are how long he is going to keep running rings around the GOP, and whether his policies are good and we are lucky he is playing the Republicans like a fiddle. It certainly does seem that President Obama couldn’t care less about the news cycle, and is, as always, thinking long term.
Barack Obama
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