Top Items:
Jonathan Karl / ABCNEWS:
To the Rescue: Bush to Give Low-Interest Loans to Carmakers — Obama Team Agrees to Bush's Strategy — The White House has decided to come to the rescue of General Motors and Chrysler by providing them with $17.4 billion in low-interest loans to keep them afloat, ABC News has learned.
Discussion:
The Swamp, Think Progress, Washington Post, On Deadline, Outside The Beltway and PoliBlog
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The Politico:
Bush announces $17.4 billion auto bailout — President Bush stepped in Friday to keep America's auto industry afloat, announcing a $17.4 billion bailout for GM and Chrysler, with the terms of the loans requiring that the firms radically restructure and show they can become profitable soon.
John D. McKinnon / Wall Street Journal:
Auto Makers to Get $17.4 Billion — The White House announced a $17.4 billion rescue package for the troubled Detroit auto makers that allows them to avoid bankruptcy and leaves many of the big decisions for the incoming Obama administration. — Speaking from the White House …
Discussion:
The Washington Note
Andrea Tantaros / Fox News:
White House to Loan Auto Industry $17.4B — The White House will provide low-interest loans to General Motors and Chrysler, FOX News has confirmed. — FOXNews.com — The federal government will enable Detroit's ailing automakers to survive a little longer by providing $17.4 billion …
CNN:
Feds to lend $13.4 billion to automakers — WASHINGTON (CNN) — The federal government will provide $13.4 billion in loans to automakers General Motors and Chrysler, the White House said Friday. — “Allowing the U.S. auto industry to collapse is not a responsible course of action,” President Bush said Friday morning.
Discussion:
RedState
Washington Post:
Bush to Provide Emergency Loans to Big 3 — The troubled U.S. auto industry will receive emergency loans of $13.4 billion from the federal government in return for an extensive restructuring of its outstanding debt and labor costs over the coming year, according to administration officials.
Tim Weiner / New York Times:
W. Mark Felt, Watergate Deep Throat, Dies at 95 — W. Mark Felt, who was the No. 2 official at the F.B.I. when he helped bring down President Richard M. Nixon by resisting the Watergate cover-up and becoming Deep Throat, the most famous anonymous source in American history, died Thursday.
Discussion:
The Politico, Guardian, JammieWearingFool, Gawker, Gateway Pundit, Ed Driscoll.com and Romenesko
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Patricia Sullivan / Washington Post:
‘Deep Throat’ Mark Felt Dies at 95 — W. Mark Felt Sr., the associate director of the FBI during the Watergate scandal who, better known as “Deep Throat,” became the most famous anonymous source in American history, died yesterday. He was 95. — Felt died at 12:45 p.m. at his home in Santa Rosa, Calif.
Paul Krugman / New York Times:
The Madoff Economy — The revelation that Bernard Madoff — brilliant investor (or so almost everyone thought), philanthropist, pillar of the community — was a phony has shocked the world, and understandably so. The scale of his alleged $50 billion Ponzi scheme is hard to comprehend.
Washington Post:
Advocates for Action on Global Warming Chosen as Obama's Top Science Advisers — President-elect Barack Obama has selected two of the nation's most prominent scientific advocates for a vigorous response to climate change to serve in his administration's top ranks, according to sources …
Discussion:
Washington Monthly, Boston Globe, Environmental Capital, Oliver Willis, Stop The ACLU and Firedoglake
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Joe Solmonese / Washington Post:
Obama's Inaugural Mistake — It is difficult to comprehend how our president-elect, who has been so spot on in nearly every political move and gesture, could fail to grasp the symbolism of inviting an anti-gay theologian to deliver his inaugural invocation. And the Obama campaign's response to the anger about this decision?
Discussion:
The Note, The Huffington Post, Wall Street Journal, HRC Back Story, AMERICAblog News and Lynn Sweet
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Josh Kraushaar / The Politico:
Coleman leads Franken by just 2 votes — Two votes is all that stands between Minnesota Republican Sen. Norm Coleman and Democrat Al Franken, according to the Associated Press tally in the state's still-unresolved Senate race. — Coleman's shrinking lead, combined with a state Supreme Court decision handed …
RELATED:
Jeff Poor / The Business & Media Institute:
CNN Meteorologist: Manmade Global Warming Theory ‘Arrogant’ — Network's second meteorologist to challenge notion man can alter climate. — Business & Media Institute — Unprecedented snow in Las Vegas has some scratching their heads - how can there be global warming with this unusual cold and snowy weather?
Richard A. Epstein / Wall Street Journal:
The Employee Free Choice Act Is Unconstitutional — Free speech and the takings clause are at stake. — A top priority of the incoming Democratic Congress and Obama administration is the misnamed Employee Free Choice Act. The EFCA, as is well known, introduces a card-check procedure …
Wall Street Journal:
Democrats Are the New Ethics Story — Blagojevich is just the tip of the iceberg. — A note to all those visitors who will soon flood Washington for the inauguration: Be careful of the “swamp.” — That would be the swamp Speaker Nancy Pelosi vowed to drain when she led her party to victory in 2006.
New York Times:
Picks for Labor and Trade Positions Disagree on Policy — WASHINGTON — President-elect Barack Obama has completed selections for his cabinet, and will nominate Representative Hilda L. Solis, Democrat of California, as his labor secretary and Ron Kirk, a former mayor of Dallas, as his trade representative, transition aides said.
Discussion:
Spin Cycle, MSNBC, TPM Election Central, Wall Street Journal, Washington Post, The Huffington Post, The Note and American Prospect
RELATED:
Ezra Klein / American Prospect:HILDA SOLIS FOR SECRETARY OF LABOR.
Discussion:
TPM Election Central, Ben Smith's Blogs, Matthew Yglesias, Washington Monthly, Progress Illinois, AmSpecBlog, Wonk Room and Open Left
Chris Vogel / Houston Press:
Police Get The Wrong House In Galveston, Allegedly Assault 12-Year-Old Girl — It was a little before 8 at night when the breaker went out at Emily Milburn's home in Galveston. She was busy preparing her children for school the next day, so she asked her 12-year-old daughter, Dymond, to pop outside and turn the switch back on.
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