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Archive for February, 2009

Obama Budget Preview: Let The Redistribution Begin !

by Doug Mataconis @ Wednesday, February 25th, 2009. Filed under Barack Obama, Economics, Politics

Details are emerging about the budget package that President Obama will release tomorrow, and it doesn’t look pretty:
WASHINGTON — President Obama will propose further tax increases on the affluent to help pay for his promise to make health care more accessible and affordable, administration officials said on Wednesday. That plan, coming after recent years in [...]

Because, What’s Another $ 400 Billion Between Friends ?

by Doug Mataconis @ Wednesday, February 25th, 2009. Filed under Economics, Politics

One week after the stimulus bill became law, the House today passed a $ 410 Billion Omnibus spending package:
WASHINGTON (CNN) — The House of Representatives passed a $410 billion spending bill Wednesday to keep the federal government operating for the remainder of fiscal year 2009, which ends September 30.
The bill passed on a largely party-line [...]

No Help For The Housing Market

by Doug Mataconis @ Wednesday, February 25th, 2009. Filed under Credit Crisis, Economics, Real Estate, Sub-Prime Mortgage Crisis

So far at least, there’s no sign that the real estate market has hit bottom:

Sales of previously owned homes fell 5.3 percent in January after an unexpected rise in December, an industry group reported Wednesday, as worries about job losses and the economy kept potential buyers out of the market.
The National Association of Realtors reported [...]

Limbaugh Back To Carrying The Water

by Doug Mataconis @ Wednesday, February 25th, 2009. Filed under Media, Politics, Republicans, Rush Limbaugh

In the wake of the Republican’s defeat in the 2006 mid-term elections, Rush Limbaugh famously said that he was through being a cheerleader for the party:
Radio talk-show host Rush Limbaugh says Republicans are to blame for their own demise at the polls by failing to run a campaign trumpeting conservative values.
“You and I hunger for [...]

America, Meet Your Stimulus Czar

by Doug Mataconis @ Wednesday, February 25th, 2009. Filed under Barack Obama, Humor, Joe Biden, Politics

As I noted earlier this week, President Obama has named Vice-President Joe Biden to oversee the $ 800 billion stimulus package.
In honor of this auspicious event in Biden’s career, the guys at Reason.tv offer this salute:

Ron Paul On Glenn Beck

by Doug Mataconis @ Wednesday, February 25th, 2009. Filed under Credit Crisis, Economics, Politics, Ron Paul

Ron Paul appeared on Glenn Beck’s Fox program yesterday before the President’s speech:

New Poll Shows Majority Opposes All Bailouts

by Doug Mataconis @ Wednesday, February 25th, 2009. Filed under Credit Crisis, Economics, Politics

Scott Rasmussen has a new poll out that contains some good news for bailout opponents:
Given the choice between federal bailouts for the auto companies, the finance industry and financially trouble homeowners or no bailouts for any of them, 54% say no bailouts period.
Just 26% support bailouts for all three, according to a new Rasmussen [...]

More On The Jindal Speech: It Wasn’t Just The Delivery

by Doug Mataconis @ Wednesday, February 25th, 2009. Filed under Bobby Jindal, Politics, Republicans

There’s more out there this afternoon about Louisiana Governor Bobby Jindal’s speech last night, which I wrote about earlier today, and the criticism isn’t just reserved for how Jindal came across as a speaker.
Jazz Shaw at The Moderate Voice, for example, says that Jindal’s speech was a microcosm of what’s still wrong with the GOP:
[S]uffered [...]

So Does This Mean Sarah Palin Favors The Fairness Doctrine ?

by Doug Mataconis @ Wednesday, February 25th, 2009. Filed under Freedom of Speech, Individual Liberty, Politics, Sarah Palin

The Governor of Alaska continues her war against the media:
“This is for the sake of our democracy that there is fairness in this other branch of government, if you will, called the media,” she said. “It is foreign to me the way some in the mainstream media are thinking.”
This isn’t the first time that Palin [...]

Republican Governor: House/Senate GOP “Inconsequential”

by Doug Mataconis @ Wednesday, February 25th, 2009. Filed under Politics, Republicans

Utah Governor John Huntsman doesn’t have many nice things to say about the Republicans in Congress:
The Republican governor of Utah on Monday said his party is blighted by leaders in Congress whose lack of new ideas renders them so “inconsequential” that he doesn’t even bother to talk to them.
“I don’t even know the congressional leadership,” [...]

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