Tuesday, March 31, 2009
Dutch media: Clinton voices appreciation for Netherlands
"NYT over the line"
Saturday, March 28, 2009
Rauch: Is Obama Repeating Bush's Mistakes?
Hillary 2-minute ovation, higher approval than Obama
Krugman May Be Right
By MIKE ALLEN | 3/28/09 12:15 PM EDT
A stark image of Paul Krugman, the bearded New York Times op-ed columnist and Princeton economist, appears on the cover of next week’s Newsweek, with the headline “OBAMA IS WRONG: The Loyal Opposition of Paul Krugman.”
Krugman, who won the Nobel Prize in economics last fall, has been arguing that Obama is doing too little to respond to threats to the nation’s banking and economic system, and he has contended that the $787 billion stimulus bill should have been bigger.
Krugman personifies a conundrum for Obama: He has to cope with complaints from the political left, as well as the more predictable opposition of the right.
The prolific professor has been pushing his views in his column, on his blog and in Rolling Stone.
Newsweek Editor Jon Meacham explains the choice in a letter to readers: “Every once a while, … a critic emerges who is more than a chatterer—a critic with credibility whose views seem more than a little plausible and who manages to rankle those in power in more than passing ways. As the debate over the rescue of the financial system—the crucial step toward stabilizing the economy and returning the country to prosperity—unfolds, the man on our cover this week, Paul Krugman of The New York Times, has emerged as the kind of critic who, as Evan Thomas writes, appears disturbingly close to the mark when he expresses his ‘despair’ over the administration’s bailout plan. …
“There is little doubt that Krugman—Nobel laureate and Princeton professor—has be come the voice of the loyal opposition. What is striking about this development is that Obama’s most thoughtful critic is taking on the president from the left at a time when, as Jonathan Alter notes, so many others are reflexively arguing that the administration is trying too much too soon.
"A devoted liberal, Krugman hungers for what he calls ‘a new New Deal,’ and he prides himself on his status as an outsider. (He is as much of an outsider as a Nobel laureate from Princeton with a column in the Times can be.) Is Krugman right? Is the Obama administration too beholden to Wall Street and to the status quo, trying to save a system that is beyond salvation? Does Obama have—despite the brayings of the right—too much faith in the markets at a time when prudence suggests that they cannot rescue themselves? We do not know yet, and will not for a while to come. But as Evan—hardly a rabble-rousing lefty—writes, a lot of people have a ‘creeping feeling’ that the Cassandra from Princeton may just be right. After all, the original Cassandra was.”
Friday, March 27, 2009
Keeler: Gillibrand Hit Piece By Times: A Classic Study.
VV: Afghanastan reality check diary
Thursday, March 26, 2009
Beware Obama's Bank Plan
By Jeffrey Sachs
The Geithner-Summers plan, officially called the public/private investment programme, is a thinly veiled attempt to transfer up to hundreds of billions of dollars of US taxpayer funds to the commercial banks, by buying toxic assets from the banks at far above their market value. It is dressed up as a market transaction but that is a fig-leaf, since the government will put in 90 per cent or more of the funds and the “price discovery” process is not genuine. It is no surprise that stock market capitalisation of the banks has risen about 50 per cent from the lows of two weeks ago. Taxpayers are the losers, even as they stand on the sidelines cheering the rise of the stock market. It is their money fuelling the rally, yet the banks are the beneficiaries...
Full article at: http://www.ft.com/cms/s/0/b3e99880-1991-11de-9d34-0000779fd2ac.html?nclick_check=1
Monday, March 23, 2009
hosted news: Obama nominates deputy at the Treasury Department
Sunday, March 22, 2009
Venezuela’s Chavez calls Obama “ignoramus”
Saturday, March 21, 2009
Le Figaro / Europumas: Obama writes to ... Chirac?
Barack Obama does not seem to know that in May 2007, French voters elected Nicolas Sarkozy to the French presidency, to succeed Jacques Chirac who had been president for twelve years.
Yesterday, we told you Sarkozy is irritated because Mister O. refuses to tell him if he will accept to meet him personally in the next few months.
Strangely, we have just learnt this surprising piece of news :
Barack Obama wrote a letter to Jacques Chirac to tell him about his desire to "work with him" for the next four years !
In a letter described by Chirac as "very nice," Obama wrote, "I am certain that we will be able to work together, in the coming four years, in a spirit of peace and friendship to build a safer world."
The use of the word "peace" was taken to be an indirect reference to Chirac's stance against the US intervention in Iraq, which Obama had also opposed.
This revelation was made by the online edition of the daily Le Figaro on Thursday.
Friday, March 20, 2009
MSNBC: Palin rejects part of federal stimulus money
Thursday, March 19, 2009
NYT/Feldman: A Prison of Words
wbboei: Two lost speeches
NYT: [ the prospectus for the bailout was not delibered to the people ]
Monday, March 16, 2009
Rubin: Worldview: Decision time on Mideast for Obama
AP: US will stay in insecure areas [ Iraq ]
Rasmussen: BO's approval is lowest rating to date
Thirty-two percent (32%) now Strongly Disapprove giving Obama a Presidential Approval Index rating of +4, his lowest rating to date (see trends). [....]
Democrats are now more likely to invest in the stock market, but the preferences of other investors have not changed over the past week. [....]
This is the tenth straight day that the President’s Approval Index rating has been in single digits. Previously, the rating had slipped to single digits just once. [....]
The Presidential Approval Index is calculated by subtracting the number who Strongly Disapprove from the number who Strongly Approve.
Much more info at their site:
Sunday, March 15, 2009
Bloomberg: Merkel Keeps Cashbox Closed as She Spurns Obama’s Stimulus Plea
Friday, March 13, 2009
Boulton: Day 53: Obama’s Pick Woes
Financial Times - More Ponzi Schemes
By Joanna Chung and Brooke Masters
Published: March 5 2009 23:31 | Last updated: March 5 2009 23:31
For at least 13 years, big and small investors alike turned over their money to Paul Greenwood and Stephen Walsh, two New York money managers, in the belief that an “enhanced equity index’’ strategy was reaping them profits.
But prosecutors and regulators charge that the money instead filled the two men’s “personal piggy bank’’ and was spent on multi-million dollar homes, horses, luxury cars and collectible items such as rare books and Steiff teddy bears worth as much as $80,000 (£56,600)...
Full Article at:http://www.ft.com/cms/s/0/114d509c-09c6-11de-add8-0000779fd2ac,dwp_uuid=9c00e8fe-07df-11de-8a33-0000779fd2ac.html?nclick_check=1
wsj: Obama’s Poll Numbers Are Falling to Earth
Thursday, March 12, 2009
Bill Clinton [and others] on health care reform
Rasmussen 'Presidential Approval Index'
Kaletsky, UK: [ G20 needs US leadership ]
Wednesday, March 11, 2009
NY Observer: Dumbest Proposal Ever?
Rasmussen: Obama's rating down to +6
March 10: Transcript of Major Interview with Tim Geithner on Charlie Rose Show
Embattled Treasury Secretary Timothy Geithner ... on the PBS "Charlie Rose Show" ..... Criticized from left and right, he is in center of storm over Obama's economic and banking policies, and has been accused of being unclear and not good with the press. So tonight's show is a real acid test. |
NYT - Feingold Rides Again- Elect ALL Senators!
By CARL HULSE
Published: March 10, 2009
WASHINGTON — It took decades, myriad scandals and a muckraker to change the rules for how senators are chosen. Now leading lawmakers want to close what they see as a lingering century-old loophole in the 17th Amendment’s demand that each state’s senators be “elected by the people thereof.”
The calls are being fueled by this year’s flurry of tangled appointments to the Senate, which now counts four new members who have yet to face election. There was nearly a fifth until one senator changed his mind about departing...
Full Article at:http://www.nytimes.com/2009/03/11/us/politics/11senate.html?th&emc=th
Monday, March 9, 2009
Turkish paper: Beautiful American
Salon: Obama's timid liberalism
President Eisenhower authorized the biggest infrastructure program in American history, when he signed the National Interstate and Defense Highways Act of 1956. The interstate highway act created an elaborate system of private tax incentives and public-private partnerships (PPPs) to encourage private corporations to build national highways. To begin with, all U.S. highways were leased to domestic and foreign corporations for a period of decades. Second, all U.S. highways were set up with toll booths, so that American drivers would be forced to repay the corporate owners of the national highways every few dozen miles. Finally, a system of high-speed lanes with higher tolls was created, so that the rich could whiz down the road while middle-class and poor Americans were stuck in traffic jams ...
All right, what now, wise guy? So that's wrong, too? Eisenhower's national highway system wasn't based on tolls, leases to foreign companies, income-based pricing, and tax credits for private corporations? It used gasoline taxes to fund free public highways?
Free highways without toll booths, owned by the public, paid for out of taxes? My God. So the John Birch Society was right after all. Dwight Eisenhower was as much of a socialist as Franklin Delano Roosevelt!
http://www.salon.com/opinion/feature/2009/03/06/neoliberalism/
WP: [ Arab journalists applaud Hillary ]
Friday, March 6, 2009
ft: Clinton in Brussels: she’s got them eating out of her hand
Wednesday, March 4, 2009
rfe: Obama shouldn't sacrifice allies to please Russia
Tuesday, March 3, 2009
AP: UN chief presses US for stronger UN leadership
Monday, March 2, 2009
archrone: Fair Use Standards and How Will They Apply to Blogs
UK: Brown woos Obama on global deal
Sunday, March 1, 2009
WaPo - We Saw It Coming (Financial Mess)
We Saw the Crisis Coming
By David Ignatius
WASHINGTON -- The big mistakes we make in life aren't the ones that sneak up on us, but those we make with our eyes wide open. That bit of wisdom comes from my friend Garrett Epps, a professor of constitutional law at the University of Baltimore. And it's powerfully true about the financial crisis that has enfeebled our economy.
Nothing about this crisis is really a surprise. People have been warning about it for more than a decade, in academic studies, official reports, Wall Street analyses, even op-ed pieces. Our smartest financiers, Warren Buffett and George Soros, saw it coming clear as a bell.
Yet the authorities did too little in the early years, when they could have had some effect. And once the full force of the crisis hit, officials became caught in a reactive cycle of incrementalism -- with each intervention setting up the next one. We have been dragged into the future by the weight of past mistakes, rather than charting a new course...
Full Article at: http://www.realclearpolitics.com/articles/2009/03/we_saw_the_crisis_coming.html