Top Items:
New York Times:
Obama Aides Signal a Boost in Stimulus Spending — WASHINGTON — President-elect Barack Obama has signaled that he will pursue a far more ambitious plan of spending and tax cuts than anything he outlined on the campaign trail — a plan “big enough to deal with the huge problem we face,” …
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Randall Mikkelsen / Reuters:
Obama may delay tax-cut rollback for wealthy — Featured Topics: - Barack Obama - Presidential Transition — WASHINGTON (Reuters) - President-elect Barack Obama may consider delaying a campaign promise - to roll back tax cuts on high-income Americans - as part of his economic recovery strategy, two aides said on Sunday.
Discussion:
Firedoglake, Say Anything, Associated Press, The Politico, DownWithTyranny!, Hot Air, Power Line, Below The Beltway and Sweetness & Light
David Sirota / The Huffington Post:
Confused About Tax Promises — I'm confused about the state of Barack Obama's tax promises. Last week we heard this strong, admirable declaration that campaign promises would be upheld - a rejection of the “center-right” media meme that tax increases on the super-wealthy hurt the economy …
Discussion:
Open Left
Nate Silver / FiveThirtyEight.com:
Projection: Franken to Win Recount by 27 Votes — As we wrote yesterday evening, the ever-increasing number of challenged ballots in Minnesota is making it more and more difficult to determine the extent to which Al Franken is in fact gaining ground in the state's recount process.
New York Times:
Plan Begins to Emerge to Rescue Citigroup — Federal regulators were considering a new rescue for Citigroup on Sunday, a step that could mark a third leg of the government's broader efforts to bolster the nation's financial industry, according to people briefed on the plan.
Discussion:
Firedoglake, Philly.com, Matthew Yglesias, TIME.com, Hot Air and clusterstock.alleyinsider.com
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Wall Street Journal:
Citigroup, U.S. in Talks to Create ‘Bad Bank’ — Citigroup Inc. is nearing agreement with U.S. government officials to create a structure that would house some of the financial giant's risky assets, according to people familiar with the situation. — While the discussions remain fluid …
Matt Corley / Think Progress:
Woodward: Bush 'Doesn't Like Homework,' Which Means ‘Reading,’ ‘Getting Briefed’ Or ‘Having A Debate’ — On the Chris Matthews Show today, Matthews argued that one of the major differences between President Bush and President-elect Barack Obama is the fact that Obama is intellectually curious.
Discussion:
Liberty Street
John Amato / Crooks and Liars:
Neil Cavuto in screamathon with Ben Stein over our failed economy and how to repair it — John Amato's virtual online magazine...OK, It's a blog! — Home- Archives — Tags Directory — Contact Us- Donate- FAQ — Advertising- Commenting- General Problems- Media Problems- Supported Browsers- User Registration
Discussion:
Hullabaloo
Beth Fouhy / Associated Press:
Official: Richardson to be commerce secretary — Featured Topics: - Barack Obama - Presidential Transition — NEW YORK - President-elect Barack Obama has chosen New Mexico Gov. Bill Richardson to be commerce secretary, adding a prominent Hispanic and one-time Democratic rival to his expanding Cabinet.
Discussion:
The Politico, The Gun Toting Liberal, The Huffington Post, Reuters, Stop The ACLU, Open Left, MyDD and Wall Street Journal
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John Hallmann / The Huffington Post:
Why America Feels Like it's Been Ruled by a Foreign Occupier — As Obama takes over the wreckage this country is in, one can't help but feel like something alien to America has been controlling it these past eight years. The wave of emotion that has erupted with the election of Barack …
Watertiger / Dependable Renegade:
“Screw it. Ah'm off the wagon an' lovin' it.” — While attending APEC in Lima, Bush partakes of a traditional Peruvian drink known as a “Pisco Sour” (leave your puns in comments). The ingredients? … And it shows: — “You Orientals tickle!” — REUTERS/Kevin Lamarque
Discussion:
The Reaction
CNN:
Forbes: Paulson is ‘worst’ treasury secretary in modern times — WASHINGTON (CNN) — Forbes magazine President and CEO Steve Forbes called Treasury Secretary Henry Paulson “the worst treasury secretary we've had in modern times”, citing, among other things, the government's handling of the housing crisis.
Faiz Shakir / Think Progress:
George Will: 'The First New Deal Didn't Work' — Economists on both the left and right broadly agree that the need for stimulative government spending is necessary to prevent a further collapse of the global economic system — just as the New Deal and the deficit spending of World War II restored …
Wall Street Journal:
Scowcroft Protégés on Obama's Radar — WASHINGTON — Many of the Republicans emerging as potential members of the Obama administration have professional and ideological ties to Brent Scowcroft, a former national-security adviser turned public critic of the Bush White House.
Mark Silva / The Swamp:
Rahm Emanuel: Saturday Night Live — They don't have Sarah Palin to kick around any more. — So the good-humored folks at Saturday Night Live, who rode a wave of Palinoia to record ratings this fall, have turned their lens on the White House-in-waiting. — That's Rahm Emanuel …
Glenn Greenwald / Salon:
Progressive complaints about Obama's appointments — (updated below - Update II) — I've been genuinely mystified by the disappointment and surprise being expressed by many liberals over the fact that Obama's most significant appointments thus far are composed of pure Beltway establishment figures drawn …
Kevin Bogardus / The Hill:
Obama names communications staff — President-elect Barack Obama on Saturday announced that Robert Gibbs would be his White House press secretary and Ellen Moran would serve as director of communications. — Gibbs, a long-time aide, was long believed to become the public face of the Obama White House.
Discussion:
The Politico
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