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Friday, March 27, 2009
Tuesday, March 24, 2009
Barack Oblogger: Of Geither's Plan...
Full props to the Barack Oblogger, for a thought-out, and well-defended take on Geithner's plan.
The President's Press Conference 3/24/2009 (VIDEO)
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Monday, March 23, 2009
This is why I hate on the media...
It’s a nothing story, but it shows how the media bends over backwards to twist things into whatever shape they want to, or care to.
The Hill has a story on its website today: McCain creams Obama — in NCAA picks.
McCain’s bracket has 14 teams picked correctly headed into the Sweet Sixteen, placing him in the 94th percentile after the first weekend of play.
Okay. Fine. Congratulations to the Senior (and I mean, Senior) Senator from
One problem. There's this little piece in the Politico, an article called Obama's bracket looking up, which says:
The president's NCAA tournament bracket looked a lot better Sunday when he correctly picked 14 of the 16 teams to reach the regional semifinals.
So…ummm…you want to run this by me again?!?
Sunday, March 22, 2009
Saturday, March 21, 2009
Wednesday, March 18, 2009
"The buck stops with me"... (VIDEO)
The President on the White House lawn as he prepares to go to California...
The best part about his statement today was the fact that the President gave a wonderfully easy-to-understand explanation of why saving AIG is as important as it is. (About 11:32 into the video).
If you ever hear a Conservative say that we should just let AIG fail, remember this quote.
Last year when the Federal Reserve decided to step in, again, that wasn’t a decision that we made but I actually think it was the right decision. AIG had insured a whole bunch of losses for a whole bunch of banks that had made bad bets on subprime loans and mortgages that had been packaged and bundled up and made into securities. These were massive insurance policies. Unfortunately, because of a lack of regulation, they were able to issue far more insurance policies than they could pay out on these various instruments that these banks had issued.
And had AIG been allowed to simply liquidate and go bankrupt, all those banks who were counterparties with AIG would have experienced such big losses that it would have threatened the entire financial system.
The complete transcript is at CQ.
Sunday, March 15, 2009
Ben Shalom Bernanke (VIDEO)
The President sooo told him to do this.
Here's Part 1:
And Part 2:
A year in the making? Humanizing the Fed Chair? He's from Dillon, freakin' South Carolina?? His family business was once located on Main Street in Dillon? How, if you're our President, do you not promote that??
By the way, that's not a joke, or a dig. That's the man's name, Benjamin Shalom Bernanke.
Couple this with Geithner's recent (and I think successful) appearance on Charlie Rose, and this appears to be a coordinated effort by the Federal Government to tell America, "Hey, we hear you. You're pissed. We get it. We got this."
And Part 2:
Thursday, March 12, 2009
Jon Stewart's Finest Hour (VIDEO)
This was possibly, the most amazing thing Jon Stewart has ever done.
Part 1 (Unedited)
Part 2 (Unedited)
Part 3 (Unedited)
I mean, Stewart kicked the @#$% out of him.
Not that he gave Jim Cramer much of a chance to answer for himself, that really wasn't the point. What Jon did here was give voice to the public's anger, rage and frustration. He finally got one of the b@#%ds in his cross-hairs, and didn't let up on him.
Of course the truly, truly sad part is...after a week of this controversy, after the very public dressing down a comedian gave to one of their own, the chances that Wall Street is going to listen and change their ways is damn close to zero.
That means the President is going to have to change their ways for them.
The Intro
Part 1 (Unedited)
Part 2 (Unedited)
Part 3 (Unedited)
President Obama's Speech before the Business Roundtable (VIDEO)
This is the President's complete speech before top executives of the Business Roundtable.
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Wednesday, March 11, 2009
Timothy Geithner with Charlie Rose (VIDEO)
This the complete interview, in case you missed it (like I did), or forgot to TiVo it (like I did).
Sunday, March 8, 2009
Chicken Littles...
Ahhh, Krugman back to his normal self...
What he warns of is a possibility, but I would like to at least get to 2009 before the panic sets in.
"Your Bank has failed"... (VIDEO)
...now what do you do?
It's time to highlight the importance of regulation; the effort to keep markets healthy and the financial system working. This was an effort largely abandoned by the previous Administration, due to a slavish devotion to an ideology based on unrestricted markets, and laissez faire capitalism.
We see where this has gotten us.
In the coming months, there is a possibility that your bank, whereever you may live, no matter how big or strong you think it may be, may fail. What do you do then?
If it's FDIC Insured...you do nothing. You don't have to. If you have under $250,000 in deposits, your money is safe.
Here's last night's 60 Minutes piece to show you why.
Watch CBS Videos Online
It's time to highlight the importance of regulation; the effort to keep markets healthy and the financial system working. This was an effort largely abandoned by the previous Administration, due to a slavish devotion to an ideology based on unrestricted markets, and laissez faire capitalism.
We see where this has gotten us.
In the coming months, there is a possibility that your bank, whereever you may live, no matter how big or strong you think it may be, may fail. What do you do then?
If it's FDIC Insured...you do nothing. You don't have to. If you have under $250,000 in deposits, your money is safe.
Here's last night's 60 Minutes piece to show you why.
Watch CBS Videos Online
The Fireside chat for March 7, 2009
The first time using the White House's new Video system. Sorry I'm late, and fingers crossed.
UPDATE (March 9, 2009. 7:50pm, Pacific): Because of my own (and Dad's) complaints about the speed of the video feed, we are goin' back to YouTube, privacy issues be damned. It's all about the speed, baby.
Friday, March 6, 2009
When Krugman's right...
Sometimes criticism of the Administration is fair, and in the case of the latest from Paul Krugman on the "dithering" about the Bank Plan...it's more than fair.
The difference with this column is that instead of Krugman just telling you its a bad idea, ignorant of the political "facts on the ground". He takes the time to explain what's happening, and why (even though they're guesses).
The difference with this column is that instead of Krugman just telling you its a bad idea, ignorant of the political "facts on the ground". He takes the time to explain what's happening, and why (even though they're guesses).
Thursday, March 5, 2009
Vicious...Vicious...Vicious... (VIDEO)
Possibly the most vicious, most evil...and thus funniest moment in the Daily Show's history.
Tuesday, March 3, 2009
From Russia with Nyet...
I guess a Missile Shield is going into Poland after all...
Russia would be willing to discuss a new missile defense structure with the United States but sees Iran's nuclear program as a separate issue, Russian President Dmitry Medvedev said on Tuesday.
Asked about a report in the New York Times that U.S. President Barack Obama had written to him offering to back off deploying a new missile system in Eastern Europe in return for help with the Iranians, Medvedev said signals from Washington were positive but the two issues were separate."If we are talking about any "swaps" (Iran for missile defense), this is not how the question is being put. This would not be productive," Medvedev told a news conference in Madrid, where he was on a state visit.But he added: "If the new (U.S.) administration shows common sense and offers a new (missile defense) structure which would satisfy European (needs) ... and would be acceptable for us, we are ready to discuss it.""I count on positive signals we are now receiving from Washington translating into agreements," Medvedev said.
I didn't appreciate the common sense crack.
The New York Times put it a little less harshly:
On Tuesday, President Dmitri A. Medvedev offered a measured response, saying that the Kremlin was “working very closely with our U.S. colleagues on the issue of Iran’s nuclear program,” but not in the context of the American missile defense plan.
“No one links these issues to any exchange, especially on the Iran issue,” Interfax reported that Mr. Medvedev said at a news conference in Madrid, where he was visiting to boost economic and political ties.
Uhh...we just did.
Listen, we've put it as plainly as we can put it. I am no fan of the Missile Shield, because in the end any WMD that's sent our way is going to be an Al-Queda suitcase bomb, something a missile shield can't stop. At the same time, I would like to remind our Russian (cough) friends, that the Missile Shield isn't targeting them, it's for Iran, more than likely in the event they try to strike Israel. We're just saying help us make sure Iran doesn't get the bomb, and we don't need a dang missile shield.
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