Top Items:
Daniel Stone / Newsweek:
Even Dr. Doom Likes Them — Renowned economic pessimist Nouriel Roubini approves of Obama's picks, but they face grave challenges ahead. — President-elect Barack Obama's administration's reaction to the current economy would have to be, in his words, “swift and bold.”
Discussion:
New York Times, Salon, Taylor Marsh, Real Time Economics, Guardian, The Reaction and Wall Street Journal
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Andrew Ross Sorkin / New York Times:
Where Was Geithner in Turmoil? — President-elect Barack Obama unveiled on Monday an economic team with deep experience handling economic crises. But does the man at the center of this star-studded cast, Timothy F. Geithner, the nominee for Treasury secretary, have what is needed to take the nation in a new financial direction?
Alexander Bolton / The Hill:
For Collins, forgiveness may be tough — The tactics used by Democrats to secure at least 58 Senate seats may have damaged their chances of winning vital support from Sen. Susan Collins (R-Maine) in key votes in the 111th Congress. — Collins told colleagues at a small Senate prayer breakfast meeting …
Discussion:
Obsidian Wings, DownWithTyranny!, Booman Tribune, QandO, Betsy's Page, www.redstate.com, Soccer Dad and Don Surber
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Martin Kady II / The Politico:
Dems vs. Dems in new Congress — Forget the Republican filibuster and the race to 60. The real fight in the next Congress is Democrats vs. themselves. — With nearly complete control of Washington for the first time in three decades, Democrats are entering a treacherous power zone …
Corey Boles / Wall Street Journal:
Obama Sets Budget Plan — WASHINGTON — President-elect Barack Obama Tuesday named Congressional Budget Office chief Peter Orszag as Office of Management and Budget director, a key post in the incoming administration's drive to reform the federal budget. — Mr. Obama also tapped former …
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New York Post:
WE HEAR . . . WE HEAR — THAT although we didn't think it would be pos sible to silence Ann Coulter, the leggy reaction- ary broke her jaw and the mouth that roared has been wired shut . . . THAT the Tel Aviv Hilton was abuzz Saturday with the arrival of Ben Stiller, Chris Rock …
Mark Preston / CNN:
Palin to hit campaign trail in Georgia — WASHINGTON (CNN) — Republican vice presidential nominee Sarah Palin will make multiple campaign appearances on behalf of Sen. Saxby Chambliss next week in Georgia, serving as the political closer for the GOP senator who is battling to win a second term.
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Melinda Henneberger / Slate:
Obama's threat to Catholic hospitals and their very serious counterthreat. — When I saw the Catholic bishops had declared war on President-elect Obama at their semiannual meeting in Baltimore two weeks ago, my first reaction was pique: Gosh, guys, it isn't even parade day yet, and here you are, all dressed up and ready to rain on it.
David Zucchino / Los Angeles Times:
Injured veterans engaged in new combat — In a little-noticed regulation change, the Pentagon's definition of combat-related disabilities is narrowed, costing some wounded veterans thousands of dollars in lost benefits. — Marine Cpl. James Dixon was wounded twice in Iraq — by a roadside bomb and a land mine.
Discussion:
Washington Monthly, Washington Post, Balloon Juice, BLACKFIVE, Think Progress and Jules Crittenden
Ezra Klein / American Prospect:
THE BEST AND THE BRIGHTEST. — “Isn't it amazing,” asks Krugman, “just how impressive the people being named to key positions in the Obama administration seem? Bye-bye hacks and cronies, hello people who actually know what they're doing. For a bunch of people who were written off …
Seema Mehta / Los Angeles Times:
Claremont parents clash over kindergarten Thanksgiving costumes — Some say having students dress up as pilgrims and Native Americans is ‘demeaning.’ Their opponents say they are elitists injecting politics into a simple children's celebration. — For decades, Claremont kindergartners …
Discussion:
Michelle Malkin, Classical Values, JammieWearingFool, American Power, Don Surber, The Anchoress and INSTAPUTZ
Wall Street Journal:
Why Don't We Hang Pirates Anymore? — It's a safe bet, dear reader, that the title of this column has caused you to either (a) roll your eyes and wonder, What century do you think we're living in? or (b) scratch your head and ask, Yes, why don't we? Wherever you come down …
Discussion:
Betsy's Page
John McCain / Nielsen Wire:
How Obama's Local Buys Added Up — Nielsen's final look at ad buys by the 2008 Presidential candidates proved one famous mantra: politics really are local. — President-elect Barack Obama placed 155% more spot TV ads than John McCain during the general election season (6/08 to 11/08) …
Drudge Report:
RUSSIAN ANALYST PREDICTS DECLINE AND BREAKUP OF USA — A leading Russian political analyst has said the economic turmoil in the United States has confirmed his long-held view that the country is heading for collapse, and will divide into separate parts. — Professor Igor Panarin …
John B. Taylor / Wall Street Journal:
Why Permanent Tax Cuts Are the Best Stimulus — Short-term fiscal policies fail to promote long-term growth. — The incoming Obama administration and congressional Democrats are now considering a second fiscal stimulus package, estimated at more than $500 billion, to follow the Economic Stimulus Act of 2008.
Carol Marbin Miller / MiamiHerald.com:
Florida ban on gay adoptions ruled unconstitutional — Miami-Dade Circuit Judge Cindy Lederman Tuesday declared Florida's 30-year-old ban on gay adoptions unconstitutional — a ruling state lawyers immediately said they would challenge. — The ruling sets the stage for Frank Gill …
Discussion:
The Bilerico Project
Barry Ritholtz / The Big Picture:
Big Bailouts, Bigger Bucks — Whenever I discussed the current bailout situation with people, I find they have a hard time comprehending the actual numbers involved. That became a problem while doing the research for the Bailout Nation book. I needed some way to put this into proper historical perspective.
Board of Governors of the Federal Reserve System:
For release at 8:15 a.m. EST — The Federal Reserve announced on Tuesday that it will initiate a program to purchase the direct obligations of housing-related government-sponsored enterprises (GSEs)—Fannie Mae, Freddie Mac, and the Federal Home Loan Banks—and mortgage-backed securities …
Discussion:
Washington Post, The Swamp, Wonk Room, TIME.com, naked capitalism, Tech Ticker and Paul Krugman
Eric Dash / New York Times:
Saving Citi May Create More Fear — One bailout was not enough for Citigroup. And it may not be enough for other big banks. — While Citigroup's second multibillion-dollar rescue from Washington hit Wall Street like a shot of adrenaline on Monday, many analysts worried that the jolt would soon wear off.
Ari Melber / The Politico:
Learning from President Bush's mistakes — Many Washington Republicans and Democrats agree on one maxim for President-elect Barack Obama: This is no time to look back at the past administration's rocky record on executive power and the rule of law. — Republicans caution against protracted, “partisan” investigations.
Discussion:
Open Left
Josh Marshall / Talking Points Memo:
NOT ABOUT LEHMANN? — From TPM Reader BW, disagreeing with a point I made yesterday ... And quite a few disagreements with BW ... From TPM Reder JS ... And TPM Reader GG ...
Discussion:
The New Republic
Associated Press:
Karzai: Fixed end date needed for Afghan war — President says world leaders must set a time limit for Taliban's defeat — KABUL, Afghanistan - President Hamid Karzai told a visiting U.N. Security Council delegation Tuesday that the international community should set a timeline to end the war in Afghanistan.
Discussion:
The Washington Independent
Josh Marshall / Talking Points Memo:
DISGUSTING WHINING — You've probably noticed Mark Halperin's claim that the level of pro-Obama bias in the election coverage this year was so bad it was “disgusting.” I'll leave it to others to analyze what “disgusting” means when deployed by someone who takes his journalistic cues from Matt Drudge.
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