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REPORT: BONUSES TO CONGRESSIONAL AIDES JUMPED 17% IN 2008

PAPER: While Congress has been flaying companies for giving out bonuses while on the government dole, lawmakers have a longstanding tradition of rewarding their own employees with extra cash — also courtesy of taxpayers.

Capitol Hill bonuses in 2008 were among the highest in years, according to LegiStorm, an organization that tracks payroll data. The average House aide earned 17% more in the fourth quarter of the year, when the bonuses were paid, than in previous quarters, according to the data. That was the highest jump in the eight years LegiStorm has compiled payroll information…

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Filed under: Politics, , , , , , , , , , , , , , , , , , , ,

GENERAL MOTORS CEO QUITS ON DEMANDS FROM OBAMA

YOU’RE FIRED

WIRE: The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed, a White House official said.

Wagoner’s departure is one of the remarkable strings attached to a new aid package the administration plans to offer GM…

Filed under: Obama, , , , , , , , , , , , , , , , , ,

OBAMA: DETROIT NO LONGER ‘VIABLE’

SURVIVAL OF THE FITTEST

WIRE: In surprising findings to be outlined at the White House on Monday, President Obama has concluded that neither GM nor Chrysler can survive as they now exist. But the White House is sparing them for a month or two, and is promising American consumers that the government will stand behind warranties if the automakers fail…

Tells GM CEO To Head Home…

Filed under: Obama, , , , , , , , , , , , , , , , , , ,

Financial Crisis ‘Caused by White People With Blue Eyes’

PAPER: In Brazil, Gordon Brown continued his pre-summit tour but there was embarrassment when his host, President Luiz Inacio Lula Da Silva, said the financial crisis was caused by “white people with blue eyes”. He told a joint press conference with Mr Brown that he had never met a black banker…

Filed under: Politics, World, , , , , , , , , , , , , , , , , , , , , , , , ,

OBAMA ADMIN SEEKS POWER TO SEIZE NON-BANK FINANCIAL FIRMS

PAPER: The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document…

Brendan Smialowski / Bloomberg News

Brendan Smialowski / Bloomberg News

Filed under: Economics, Obama, , , , , , , , , , , , , , , , , , ,

The Audacity of Hope Shines as Obama Plans to Persuade Democrats to Support Budget

PAPER: President Obama will go to Capitol Hill this week to try to persuade skeptical Senate Democrats to support the administration’s first budget request after an analysis showed that the spending plan would drive the nation deeply into debt over the next decade.


Obama will address Senate Democrats on Wednesday, when budget committees are scheduled to meet in the House and Senate to consider the $3.6 trillion spending plan for the fiscal year that begins in October…

Source: Wired.com

Source: Wired.com

Filed under: Obama, , , , , , , , , , , , , , , , ,

Obama’s Secret Meeting With Gorbachev; Press Wasn’t Informed (Video)

gibbsrussiameeting

Filed under: Obama, , , , , , , , , , , , , , , , , , ,

Hotel Industry Annoyed With Congressional ‘Hypocrisy’ After Senators Take Lavish Trips

WIRE: The U.S. Senate last month passed a measure limiting “luxury” spending for corporate travel by recipients of federal bailout funds. Two weeks later, about two dozen senators of both parties left town for political meetings on the Florida coast…

Filed under: Humor/Irony, Politics, , , , , , , , , , , , , , , , , , ,

Senator Bayh (D-IN) Creating Centrist Democrat Group to Oppose Pelosi/Reid Faction (Video)

centristdems

Filed under: Politics, , , , , , , , , , , , , , ,

Obama on Tonight Show Videos; Insults Disabled, ‘Like the Special Olympics’

Jay capitulates to Obama…

obamaleno

Filed under: Humor/Irony, Media, Obama, , , , , , , , , , , , , , , ,

Biden: Economy, ‘This is life and death’

“Vice President Joe Biden’s tone on the economy Monday night was a stark contrast from the upbeat message coming from the Obama administration over the past few days…”

BIDEN: “This president has inherited the most difficult first 100 days of any president, I would argue, including Franklin Roosevelt”

BIDEN: “Let me explain what I mean by that,” he added. “It was clear the problem Roosevelt inherited. This is a more complicated economic [problem]. We’ve never, ever been here before – here or in the world. Never, ever been here before.”

Filed under: Economics, Obama, , , , , , , , , , , , , , ,

1/5 of Stimulus Money Received by Massachusetts to be Spent on Preserving Kennedy Legacy

“More than one out of every five dollars of the $126 million Massachusetts is receiving in earmarks from a $410 billion federal spending package is going to help preserve the legacy of the Kennedys.

The bill includes $5.8 million for the planning and design of a building to house a new Edward M. Kennedy Institute for the Senate. The funding may also help support an endowment for the institute…”

Filed under: Uncategorized, , , , , , , , , , , , , , , ,

Obama May “Threaten” Checks and Balances, Says Longest-Serving Democrat Senator

“In a letter to Obama on Wednesday, Byrd complained about Obama’s decision to create White House offices on health reform, urban affairs policy, and energy and climate change. Byrd said such positions “can threaten the Constitutional system of checks and balances. At the worst, White House staff have taken direction and control of programmatic areas that are the statutory responsibility of Senate-confirmed officials.”

Filed under: Obama, , , , , , , , , , , , , , ,

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