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HUNDREDS OF PROTESTERS THROWN OUT OF IOWA PUBLIC HEARING (Audio)

“This is the most atrocious thing I’ve seen in the history of the 15 years I’ve been a lobbyist. Pat Murphy has acted like a jack-booted Nazi,” said Ed Failor Jr., president of Iowans for Tax Relief, a conservative taxpayers’ rights group from Muscatine with 50,000 members…

AUDIO…

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

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…

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

House Democrats Slash $100 Billion from Obama’s $3.45 TRILLION Budget

PAPER: House budget leaders today unveiled a $3.45 trillion budget blueprint for fiscal 2010 that slices more than $100 billion from the spending plan President Obama proposed last month…

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

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, , , , , , , , , , , , , , ,

The Economist: Barney Frank Doubts Federal Reserve’s Future Ability to Regulate Banks

U.S. Representative Barney Frank spoke to “The Economist” and said: “The Fed has taken a bit of a hit over this AIG issue…[the] political case for the Fed as systemic risk regulator is going to have to be rebuilt, re-examined.”


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

Congress Sends Obama ‘Massive’ Spending Bill, $410 BILLION

“Congress is sending President Barack Obama a massive bill funding domestic programs and awarding lawmakers their cherished pet projects after more than a week of partisan debate.”

“Senators passed the measure by voice vote after voting 62-35 to shut down debate. The White House says Obama will sign the bill. It finishes up last year’s budget business, which stalled as Democrats feuded with former President George W. Bush…”

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