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Archive for February, 2009

Rick Santelli Takes On The White House

by Doug Mataconis @ Saturday, February 21st, 2009. Filed under Barack Obama, Credit Crisis, Economics, Politics, Sub-Prime Mortgage Crisis

Yesterday, President Obama’s Press Secretary made the odd choice of commenting on Rick Santelli’s now-famous rant:
Gibbs attacked Santelli by name repeatedly, accusing him of not having read the president’s housing plan and mocking the former derivatives trader as not being an effective spokesman for the little guy.
“I’m not entirely sure where Mr. Santelli lives or [...]

Apparently, That Digital TV Conversion Delay Really Is Necessary

by Doug Mataconis @ Saturday, February 21st, 2009. Filed under Dumbasses, Technology

Some people aren’t handling the transition well:
While the early analog-cutoff of 421 TV stations on Feb. 17 has gone relative smoothly according to most reports, that was not the case of at least one Missouri man, according to KARE-TV Minneapolis-ST. Paul.
The station reports that a 70-year-old Joplin man was arrested and charged with unlawful discharge [...]

Waiting For That $ 13 A Week Obama Tax Cut ?

by Doug Mataconis @ Saturday, February 21st, 2009. Filed under Barack Obama, Economics, Politics

Well, you’ll have to wait just a little bit longer:
WASHINGTON (Map, News) – It took only a matter of weeks for the notoriously slow Congress to pass the $787 billion economic stimulus package. President Barack Obama signed it into law less than one month into his presidency.
So when should people hope to start seeing the [...]

Bobby Jindal Turns Down Stimulus Money With Strings Attached

by Doug Mataconis @ Saturday, February 21st, 2009. Filed under Bobby Jindal, Economics, Politics

Louisiana’s Governor has turned down a portion of the stimulus money that would go to his state because of the conditions that come attached to it:
Louisiana Gov. Bobby Jindal announced Friday that he will decline stimulus money specifically targeted at expanding state unemployment insurance coverage, becoming the first state executive to officially refuse any part [...]

Ron Paul On Bill Maher

by Doug Mataconis @ Saturday, February 21st, 2009. Filed under Credit Crisis, Economics, Politics, Ron Paul, Sub-Prime Mortgage Crisis

Ron Paul was on Bill Maher’s show last night:

The Worst Is Yet To Come, And Babe It Won’t Be Fine

by Doug Mataconis @ Saturday, February 21st, 2009. Filed under Credit Crisis, Economics, Politics

Standard & Poors has a fairly bleak outlook for the credit market and the broader economy:
SAN FRANCISCO (MarketWatch) — The credit crunch may only be in its early stages and a bigger contraction in lending in coming months could have “serious implications” for the U.S. economy, Standard & Poor’s Rating Services said Friday.
While politicians and [...]

Is The Inflation Spectre Returning ?

by Doug Mataconis @ Saturday, February 21st, 2009. Filed under Barack Obama, Credit Crisis, Economics, Politics

With all the money that has been pumped into the economy since September, there’s a growing suspicion among economists of all stripes that we may be see the return of something that hasn’t really been a problem since the early years of the Reagan Administration — inflation and it’s twin, a reduction in the purchasing [...]

Some Good News From An Unlikely Place

by Doug Mataconis @ Saturday, February 21st, 2009. Filed under Gay Marriage, Individual Liberty, Politics

A few weeks ago, the Governor of Utah came out in favor of civil unions for gays and lesbians.
One might have expected that he would pay a tremendous political price for that in a state as conservative as Utah, but that doesn’t appear to be the case:
Gov. Jon Huntsman stirred fresh debate when he [...]

Israel Sends A Message To Obama

by Doug Mataconis @ Saturday, February 21st, 2009. Filed under Foreign Affairs, Iran, Israel

As Binyamin Netanyahu returns to the Prime Minister’s office, the message seems to be — if you don’t take care of Iran, we will:
Binyamin Netanyahu described Iran as the greatest threat that Israel has ever faced and failed to mention stalled talks with the Palestinians after he was asked to be the country’s new Prime [...]

From Our I’ll Believe It When I See It Department

by Doug Mataconis @ Saturday, February 21st, 2009. Filed under Barack Obama, Economics, Politics

President Obama sets as a goal something that has never been accomplished in the history of government:
WASHINGTON — President Obama told the nation’s mayors on Friday that he would hold them accountable for how they spend the money in his $787 billion economic stimulus package, which he described as “a true partnership” between the federal [...]

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