Friday 21st of November 2008
Obama Cabinet |
111 Congress January 6, 2009, to January 3, 2011. Senate Democrats 58 republicans 40 2 undecided GA. Run of Dec. 2 R Chambliss D Martin MN recout R Colman D Franken House Democrats 255 Republicans 175 5 undecided
  • Geithner likely treasury pick; Clinton 'on track' (AP)

    In this Oct. 15, 2008 file photo, Federal Reserve Chairman Ben Bernanke, right, listens to Timothy Geithner, president of the New York Federal Reserve, before speaking at the Economic Club of New York. President-elect Barack Obama is likely to name Timothy Geithner as Treasury Secretary in a time of intense economic turmoil as he rounds out the upper echelon of his Cabinet, a senior Democratic official familiar with the deliberations said Friday. (AP Photo/Mark Lennihan)AP - President-elect Barack Obama intends to name Timothy Geithner, president of the New York Federal Reserve, as his treasury secretary to confront the nation's intense economic turmoil, senior Democratic officials said Friday.


  • Dow ends up nearly 500 on Geithner treasury report (AP)

    Trader Paul LaRegina works on the floor of the New York Stock Exchange Friday, Nov. 21, 2008. (AP Photo/Richard Drew)AP - Wall Street staged a comeback Friday, with the major indexes jumping more than 5 percent and the Dow Jones industrials surging nearly 500 points.


  • Obama keeps low profile in auto rescue talks (AP)

    President-elect Barack Obama, with money in hand, looks to pay for his order during a visit to Manny's Deli in Chicago, Friday, Nov. 21, 2008. (AP Photo/Charles Dharapak)AP - While President-elect Barack Obama publicly sidelined himself during congressional debate over an auto industry bailout this week, he and his top aides quietly prodded congressional leaders to find a solution to rescue struggling automakers.


  • Neb. lawmakers OK age limit for safe-haven law (AP)

    Nebraska lawmakers Tom Carlson, left, of Holdrege, Lowen Kruse of Omaha, John Wightman of Lexington, and Norm Wallman of Cortland visit briefly Friday, Nov. 21, 2008, on the floor of the legislature just before the final vote of LB1, which puts a 30-day age limit on children who can be dropped off at Nebraska hospitals under the safe haven law. The bill easily passed 43-5. (AP Photo/Bill Wolf)AP - Gov. Dave Heineman signed into law Friday a bill adding a 30-day age limit to a safe-haven law that allowed 35 children — including teenagers as old as 17 — to be abandoned at state hospitals. The law, approved hours earlier by the Legislature in a 45-3 vote, goes into effect Saturday, and makes Nebraska the 14th state with a 30-day age cap. It had been the only state with a safe-haven law without an age limit.


  • Germany dropping its attempt to ban Scientology (AP)

    Joerg Schoenbohm, Brandeburg state Interior Minister and current chairman of the German Interior Ministers Conference, center, opens the final day of the ministers meeting in Potsdam, Germany, on Friday, Nov. 21, 2008. At left is German Federal Interior Minister Wolfgang Schaeuble. German security officials said Friday they will drop their attempt to pursue a ban of the Church of Scientology after finding insufficient evidence of unconstitutional activity.  (AP Photo/Bernd Settnik Pool)AP - Germany is dropping its pursuit of a ban on Scientology after finding insufficient evidence of illegal activity, security officials said Friday.


  • Fla. teen commits suicide with live Web audience (AP)
    AP - A college student committed suicide by taking a drug overdose in front of a live webcam as some computer users egged him on, others tried to talk him out of it, and another messaged OMG in horror when it became clear it was no joke.
  • Prosecutor who had Cheney indicted yells at judge (AP)

    U.S. Attorney General Alberto Gonzales, left, and Vice President Dick Cheney are shown in this 2006 file photo at the White House. Cheney and Gonzales have been indicted on state charges involving federal prisons in a South Texas county that has been a source of bizarre legal and political battles under the outgoing prosecutor. (AP Photo/Pablo Martinez Monsivais, file)AP - A county prosecutor who brought indictments this week against Vice President Dick Cheney and others pounded his fist and shouted at the judge Friday during a routine hearing. Willacy County District Attorney Juan Angel Guerra asked Presiding Judge Manuel Banales to recuse himself from the case, which alleges abuse at federally run prisons.


  • Lavish 1,800 year-old bronze chariot unearthed in Bulgaria (AP)

    Bulgarian archaeologists work near a Thracian bronze chariot discovered near the village of Karanovo. A bronze chariot dating back to the second century AD has been unearthed in a Thracian burial mound in southeastern Bulgaria, archaeologists said Friday.(AFP/BGNES)AP - Archaeologists have unearthed an elaborately decorated 1,800-year-old chariot sheathed in bronze at an ancient Thracian tomb in southeastern Bulgaria, the head of the excavation said Friday. "The lavishly ornamented four-wheel chariot dates back to the end of the second century A.D.," Veselin Ignatov told The Associated Press in a telephone interview from the site, near the southeastern village of Karanovo.


  • Suspect arrested for greasy imprints in Neb. town (AP)
    AP - Police have arrested a man suspected of leaving greasy, graphic imprints on the windows of stores, churches and schools in a small Nebraska town. A 35-year-old man was caught in the act by police early Wednesday morning, Cherry County Attorney Eric Scott said Friday. The man hasn't been charged yet, but authorities believe he is the vandal some townsfolk have dubbed the "Butt Bandit."
  • Knicks trade Randolph, Collins to Clips for Mobley (AP)

    New York Knicks' Zach Randolph (50) shoots over Oklahoma City Thunder's Earl Watson (25) during the first half of an NBA basketball game Friday, Nov. 14, 2008 at Madison Square Garden in New York.  Randolph scored 20 points as the Knicks won 116-106. (AP Photo/Frank Franklin II)AP - The New York Knicks have completed their second big deal of the day, trading leading scorer Zach Randolph and guard Mardy Collins to the Los Angeles Clippers for Cuttino Mobley and Tim Thomas.


  • Geithner reportedly picked for Treasury; Clinton still in talks (Reuters)

    (From left) Senator Hillary Clinton, New Mexico Governor Bill Richardson, and Timothy F. Geithner, President of the Federal Reserve Bank of New York, are seen in a combination file photo. (From left Craig Mitchelldyer, Andrea Comas, Keith Bedford/Reuters)Reuters - President-elect Barack Obama on Friday moved toward nominating Timothy Geithner as Treasury secretary and charging the respected head of the New York Federal Reserve with helping pull the United States out of an economic nosedive.


  • Obama may consider Summers as Fed chief: Democrat (Reuters)

    Treasury Secretary Henry Paulson (L) speaks about the global economy at the Wall St. Journal's CEO Council in Washington November 17, 2008. Also pictured are former U.S. treasury secretaries Robert Rubin and Larry Summers (R). (Kevin Lamarque/Reuters)Reuters - U.S. President-elect Barack Obama may consider Lawrence Summers as a successor to Federal Reserve Chairman Ben Bernanke, whose term expires in January 2010, a Democratic source told Reuters on Friday.


  • Bailout debate simmers as GM pares output (Reuters)

    Leaders of the U.S. automotive industry testify at a hearing held by the House Financial Services Committee on Capitol Hill in Washington November 19, 2008. From left are General Motors CEO Richard Wagoner, Chrysler Chairman and CEO Robert Nardelli and Ford president and CEO Alan Mulally. (Kevin Lamarque/Reuters)Reuters - Detroit automakers began work on the turnaround plans demanded by Congress in return for a possible $25 billion rescue as General Motors Corp said it will cut production more deeply and drop two of its controversial corporate jets.


  • Citigroup shares drop; CEO plans to keep Smith Barney (Reuters)

    Citigroup Chief Executive Vikram Pandit in a file photo. (Peter Morgan/Reuters)Reuters - Citigroup Inc Chief Executive Vikram Pandit tried to downplay speculation the banking giant might sell major businesses to restore its health and investor confidence, but shares still tumbled for a fifth straight day.


  • U.S. seeks Afghan troop increase (Reuters)

    A British military vehicle drives past an Afghan man in Lashkar Gah, capital of Helmand province October 20, 2008. (Abdul Qodus/Reuters)Reuters - U.S. Defense Secretary Robert Gates said on Friday the United States was trying to fill a request for additional combat brigades in Afghanistan next year and that he wanted at least some of the troops in place before the country's election next fall.


  • Bush, Hu to meet ahead of APEC summit (Reuters)

    President Bush walks across the South Lawn to board Marine One at the White House, November 21, 2008. (Jim Young/Reuters)Reuters - U.S. President George W. Bush and Chinese President Hu Jintao planned to discuss North Korea's nuclear program on Friday evening as Asia Pacific leaders gathered for an annual economic summit amid the worst financial crisis since the 1930s.


  • Iran rejects U.S. reports it has basis for atom bomb (Reuters)

    A cleric walks past the national flag and a nuclear logo while visiting the International Koran exhibition at the Imam Khomeini grand mosque in Tehran September 3, 2008. (Morteza Nikoubazl/Reuters)Reuters - Iran rejected Friday U.S. reports it had enriched enough uranium to make an atom bomb, saying this would require steps it had ruled out like ejecting U.N. inspectors and leaving the Non-Proliferation Treaty (NPT).


  • Islamists on trail of Somali pirates (Reuters)

    A video grab from undated television footage shows pirates walking on the beach in the town of Eyl, in the north of Somalia. (Reuters TV/Reuters)Reuters - Dozens of Somali Islamist insurgents stormed a port on Friday hunting the pirates behind the seizure of a Saudi supertanker that was the world's biggest hijack, a local elder said.


  • Bush bows out, China assertive at APEC summit (AFP)

    Peruvian President Alan Garcia delivers a speech during the opening of the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Lima. Leaders of the 21-member APEC group are to seek ways of turning back the world economic crisis as they gather in Lima amid unrelenting bad news from the Asia-Pacific region.(AFP/Presidencia)AFP - US President George W. Bush began Friday his last scheduled foreign trip, meeting the leader of increasingly important China ahead of a summit aimed at containing a spiraling financial crisis.


  • Congo demands stronger mandate for UN troops (AFP)

    Children are being forcibly recruited into the ongoing conflict in Congo. Profile of a former child soldier. Duration: 02:06(AFPTV)AFP - Congo demanded a stronger mandate for UN troops in the conflict-torn east Friday, while residents of a squalid refugee camp said government soldiers killed a woman during a looting spree.


Republicans Say: When Faced With Tough Choice, Do Nothing!

Politics  |  Comments (0)

In a move which illustrates exactly what is wrong with politicians, Jim DeMint, a South Carolina Republican, announced he wants to put off a decision to expel convicted felon Alaska Sen. Ted Stevens from the GOP.

Why?

Well it seems he and his other dwindling party members want to first see whether Stevens wins another term before voting to sanction him.

Coincidentally, in a move which illustrates exactly what is wrong with mindless partisan voters, Stevens, who was convicted of multiple felonies BEFORE the Nov. 4th election, was still able to garner so many votes in opposition to his challenger, who by my count has no felony convictions, that Alaska is continuing its ridiculously long recount as we speak.

And so faced with a clear moral choice, Senate Republicans do nothing, hoping beyond hope that the American people will get them off the hook.  I mean why act now.  No need to be hasty and do the right thing. If they just slink into the corner and wait in a puddle of their own cowardice Stevens might loose his re-elected bid and they wont have to do anything at all.

But why take the time and effort to start proceedings if he is just going to be voted out?

I’ll tell you why. Because its the right thing to do. Because it’s the right message to send. Because a man convicted of seven felonies should not have the privilege of serving in the United States Senate.  Because for those who stand on the soap box of values and adherence to to letter of the law when it come to say, immigration status, action should be swift and decisive.

Gosh I just can’t imagine why the GOP “brand” has suffered so.

Source
AP

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November 18, 2008 at 5:14 pm

Economic Past Holds Bad Predictions. Future Looks Worse.

Business, Politics  |  Comments (0)

So you wish you could predict the future? Well you can. It is actually quite simple if you can account for and properly interpret all of the possible variables within a situation.

You don’t believe me. Ok. Lets say a stockbroker  is standing on the top of a 57 story skyscraper in Manhattan. Why is not important here.

Now if our subject decides to jump I will be able to accurately predict what will happen to him given his mass, the air density at his altitude, average wind currents and earths gravitational pull.

Yeah, he will splat. Well if you scale the scenario up to say, life in general, it gets a bit tougher to identify and account for ALL variables but if you scale it down a bit to say, the financial markets, it is definitely an achievable feat although not something easily accomplished.

If we were to take a trip in the way back machine to 2006 who among us could have predicted the current economic crisis we now face. Could Reagan economist Arthur Betz Laffer, Sr have foreseen our nations troubles and help steer us back on course. Well in August 2006 Arthur’s predictably partisan view was that the economy had never been stronger and that Americans had more wealth than they had ever had.

And Arthur was not alone in thinking positive over the future of the American economy. Tom Adkins, a  ReMax real estate agent and former head of common conservatives gave his highly biased view in December of 2006 stating real estate prices would go up 10% in 2007.

Ben Stein, Republican Presidential speech writer and long time conservative not only believes the theory of evolution was inspiration for the Holocaust but in August of 2007 said the credit crunch was overblown, the sub prime fiasco was just a tiny problem, stocks would be higher in a year and it was the perfect buying opportunity for “astonishingly well run” companies like Merrill Lynch who went on to report  a $9.83 billion fourth quarter loss for 2007 followed a net loss of $1.97 billion for the first quarter of 2008 before being sold to Bank of America. Truly Astonishing.

Well surely then someone like Charles Payne founder of  Wall Street Strategies would have some relatively non partisan view points, well for a free market wall street type anyway. Well he did, in fact back in August of 2007 he said the worst was over.. Oh thank God!! Yeah.. and in December of 2007 he said the financial companies like Behr Stern and Goldman Sachs was a great place to invest, Oh and that the housing market would rebound, the auto market would be better, unemployment would drop to around 4.7% and the DOW would be at 16000..16000!!!!

How could these people be so fuckin wrong! I mean either they are stupid, which is possible, or they were being overly optimistic to encourage confidence, or they were simply spewing partisan rhetoric in the face of the longest elections cycle in history. You decide.

However there was one man who has been screaming the sky is falling since 2006.  His name is  Peter Schiff. Now trust me this man is no Democratic operative vomiting doom and gloom about the economy for political gain. He believes Obama’s plans will just dig us a deeper hole. Can we really do that? Yes We Can!!

Back in 2006 Peter Schiff was laughed at and mocked on national television, his ideas were dismissed as uniformed ravings and looked upon with contempt by every person mentioned above(except Obama).

However what he was being attacked for turned out to be accurate predictions of unsustainable home prices, crashing stock markets and tightening credit. He he.. oops..

But he didn’t just predict these things in a vacuum, he saw the variables in play and read them correctly. He described the U.S. economy as a consumer driven economy with no savings at all. He pointed to bad lending practices in the real estate collapse and saw the real value of financial stocks were not reflected in company forecasts.

So what of the future then? Well Schiff, being a free market believer sees government bailouts as part of the problem. He calls the current economy a fake economy and see tax cuts covered by printing more money as a path to hyper-inflation(I think its worse than regular inflation because of the hyper part) and an economic crisis that could eclipse the great depression.

Merry Christmas!!!

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November 17, 2008 at 6:38 pm

Democrat Win Energizes Young Voters… great!

Culture, Politics  |  Comments (0)

So the youth of America has a leader they can finally believe in. Barack Obama struck a cord in college campuses all over the land, getting the youth of our country to snap themselves out of their collective drug induced haze, drag themselves out of bed at 2:00pm on a Tuesday(they didn’t have class till 3:30) and get involved with national politics, wonderful(sarcasm).

Look, I don’t hate college kids or anything, hell I used to be one, which is precisely why I’m not thrilled over the prospect of having beer soaked, bags of hormones with a mob mentality being difference makers in the political arena. I know I’m painting with a broad brush, but common, how far off base am I really. Have you seen what happens to our nations upstanding young citizens when their school wins an NCAA championship in one sport or another?

Now its not that they voted overwhelmingly for Barack Obama that bothers me, If my vote counted(I live in NY) I would have voted for him too. What pains me about the youth, even when I was a youth, is that for them the cult of personality reigns above all others.  I can hear some crunchy, hairy chick somewhere choking on her granola trying to shout out, “not me man”… yes you too.

If I had a nickle for every time one of these wisdom-challenged baby monkeys did something incredibly, stupid or dangerous or thoughtless or brainless simply because it was “cool”, you’d be lookin at the next T. Boone Pickins right now(he’s a rich guy). Please I wouldn’t trust an 18 year old with my car but I’m supposed to take their ideas as a voting block seriously.

Case in point, 3 time incumbent treasurer Republican Carol Elliott lost her re-election bid this past week when the Democratic Party, lead by the personality of Barack Obama, made sweeping gains across the nation. But what is special about this victory is the Democratic challenger was 20 year old Dartmouth junior Vanessa Sievers who was able to collect enough votes by targeting fellow students at Dartmouth and Plymouth State University through a $42 ad on the Web site Facebook.

But no worries Grafton County N.H. its not like the treasurer is an important post. Sievers will only be responsible for keeping tabs on ALL  your money, making investments and making payments ordered by county commissioners.

And it’s not like she has no experience for goodness sake. I mean the girl did work as a bookkeeper and she  managed her family’s finances, which I understand were pretty tricky the year they bought that Roth IRA.

Managed her families finances, really, your going to list that as experience. Hell put her to work solving the sub prime fiasco this chick is Qualified with a capital Palin.

Well Grafton County N.H., it seems the youth of your area, who by the way are transitory residents, have elected you a totally unqualified child to hold your purse strings. Why?

Well I can only assume it’s because it was cool!

Source
AP

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November 13, 2008 at 7:12 pm

Sarah Sell Sympathy
(by the seashore)

Politics  |  Comments (1)

Or the Bering Strait…. whatever.

So the election is over and no one in recent memory has gone from savior to albatross as quickly as Sarah Palin.

Heralded as the mavericky side kick with moxie to John McCain’s mavickry long lived Senate super hero, Sarah created buzz, mystery and energized a sluggish base for Republicans.  However, due in great part to her own short comings, Palin quickly devolved into a caricature of herself, artfully brought to life by SNL’s TIna Fey.

While some argue the down home folksy “realness” of Palin was a positive, base energizing breath of fresh air, others saw it as an uncultured facade masking hard core religious conservative values which turned off moderate voters.

Either way recent attacks by unnamed McCain campaign staffers has riled up Palin who denies charges she is unaware Africa is a continent, threw tantrums and requested hundreds of thousands of dollars worth of cloths from high end retailers.

Where most people would think the charges are an aggressive case of finger pointing to place blame on Palin for a solid Republican defeat,(which they are) I see a secondary effort to generate sympathy for Palin who gets to show just how moxiefied she is by fighting back against those cowardly jerks don’t ya know!!

The picture is made even more sad thinking about Palin boxing up her RNC rented duds and shipping them back to whatever corner of hell the RNC has their headquarters.

But just because the campaign is over, the politicking is far from done.  Fending off the verbal barbs Pailin gets to change her image from inept airhead to righteous victim as she heads back to Alaska to plan her 2012 bid for world domination.

It is exactly the lasting impression the Republian base can use to rally around especially if Palin get the opportunity to appoint herself to the Senate.

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November 12, 2008 at 7:53 pm