Top Items:
Barack Obama / Washington Post:
The Action Americans Need — By now, it's clear to everyone that we have inherited an economic crisis as deep and dire as any since the days of the Great Depression. Millions of jobs that Americans relied on just a year ago are gone; millions more of the nest eggs families worked so hard to build have vanished.
Discussion:
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Jeanne Cummings / The Politico:
Obama losing the stimulus message war — At this crucial juncture in the push to pass an economic recovery package, President Obama finds himself in the most unlikely of places: He is losing the message war. — Despite Obama's sky high personal approval ratings, polls show support …
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David M. Herszenhorn / New York Times:
Senate Adds Homebuyer Tax Credit to Stimulus Bill — WASHINGTON — The Senate on Wednesday voted to expand the economic stimulus package with a tax credit for homebuyers of up to $15,000, a provision championed by Republicans as addressing a root cause of the recession.
Discussion:
Bloomberg, Los Angeles Times, Spin Cycle, The Reaction, Blog entry, Marginal Revolution, TIME.com, Runnin' Scared and Calculated Risk
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David Rogers / The Politico:
Obama 1-on-1 with swing senators — Working to get the last Senate votes for his economic recovery plan, President Barack Obama reached out Wednesday to his old rival, Sen. John McCain, even as he warned Republicans against making “perfect the enemy of the essential.”
Ed Glaeser / Wall Street Journal:
The GOP Has a Dumb Mortgage Idea — It contradicts the ideals of Republicanism and good economics. — Few philosophers have done more good than Locke and Montesquieu, whose advocacy of divided government inspired America's Founders. Our history, and the less happy past of nations without checks …
The Politico:
Reporter jumps ropeline after signing — A reporter was escorted out of a White House event by Secret Service agents on Wednesday afternoon after he approached President Obama to seek an autograph. — At the end of an East Room signing ceremony for legislation funding …
Bloomberg:
Volcker Chafes at Obama Panel Delay, Strains With Summers Rise — Feb. 5 (Bloomberg) — Paul Volcker has grown increasingly frustrated over delays in setting up the economic advisory group President Barack Obama picked the former Federal Reserve chairman to lead, people familiar with the matter said.
The White House:
New rules — “Shameful.” That was the President's response last week to the news that Wall Street had doled out $18 billion in bonuses, even after the government had propped up many of the Street's most prominent firms. — Today, he and Treasury Secretary Tim Geithner took action …
Discussion:
Washington Post, The Baseline Scenario, Riehl World View, Financial Times and Clive Crook
David Ignatius / Washington Post:
An Obama A-Team for Iran — Whom should President Obama appoint as his emissary to Iran, to take on what may be the most important diplomatic mission in decades? The right person (or persons) would have the stature and experience to engage Iran at the highest level …
Discussion:
Wonk Room
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Reid Wilson / The Hill:
Romney to headline Senate GOP dinner — Former Massachusetts Gov. Mitt Romney will headline the National Republican Senatorial Committee's annual fundraising dinner, keeping the potential 2012 presidential candidate's name in the news while providing minority Republicans with some much-needed cash.
Patrick O'Connor / The Politico:
Cooper in doghouse for remark — Rep. Jim Cooper is the Al Gore of financial collapse. — For decades, the Tennessee Democrat has warned that the country will be in dire straits if the government keeps borrowing billions from foreign creditors. — Those doomsday forecasts haven't always …
Glenn Reynolds / Instapundit:
AN INSTAPUNDIT EXCLUSIVE: A report from Michael Yon. — It's Raining — By Michael Yon — 05 February 2009 — There had been a light, cold drizzle just before the Muslim taxi driver picked me up in Jerusalem. It should be a 90-minute drive to Sderot, in southern Israel.
Discussion:
Power Line
Chris Cillizza / The Fix:
White House Cheat Sheet: Bypassing the Media Filter — During the presidential campaign, Barack Obama and his team learned a very important lesson that they are seeking to put into practice in the White House: the power of the media is overrated. — Time and again during the campaign …
Hillel Italie / Associated Press:
AP alleges copyright infringement of Obama image … NEW YORK (AP) - On buttons, posters and Web sites, the image was everywhere during last year's presidential campaign: A pensive Barack Obama looking upward, as if to the future, splashed in a Warholesque red, white and blue and underlined with the caption HOPE.
Discussion:
Power Line, Swampland, Concurring Opinions, RedState, Don Surber, Gawker, LIKELIHOOD OF CONFUSION® and FishBowlDC
Andrew Sullivan / The Daily Dish:
Panic! — Michael Hirsh sounds the alarm: … Theda Skocpol says the same: … I hope I'm not being blithe but I don't see it this way. Obama still has majorities in both Houses. The GOP surely won't filibuster the bill in the Senate. What matters is the end-result, for which the president will ultimately be accountable.
Ralph Z. Hallow / Washington Times:
RFK Jr.: Hog farms bigger threat than Osama — WASHINGTON — Robert F. Kennedy Jr. on Wednesday said he thinks hog farmers are a greater threat to Americans than Osama bin Laden. — Mr. Kennedy, son of the the slain New York Sen. Robert F. Kennedy, is an environmental law attorney …
Menzie Chinn / Econbrowser:
Why Can't We All Just Get Along? The Great Multiplier Debate — I've been thinking about why the numbers that are typically bandied about in policy circles (at least that I'm familiar with) have so little impact on the overall general and blogosphere debate (see some examples here and here).
David Kocieniewski / New York Times:
Rangel's Financial Disclosures Omitted Data Over 30 Years, a Report Says — Representative Charles B. Rangel's financial disclosure forms had at least 28 omissions in the past 30 years and failed to account for what became of more than $239,000 in assets, according to a report issued Wednesday by a private government-ethics group.
Discussion:
Real Time Investigations …
CNN:
Trump: Obama ‘absolutely right’ on pay limits — (CNN) — Donald Trump, businessman and CEO of The Trump Organization, knows a little something about money. — Trump spoke with CNN's Larry King about whether there should be executive pay limits, if there should be a stimulus plan …
The Charlotte Observer:
Change we cannot and do not believe in — When Barack Obama was running for the Democratic nomination last year and then for the presidency in the fall, one of the most attractive things about his candidacy was his promise of change that we all could believe in.
Josh Marshall / Talking Points Memo:
HIS REAL CONSTITUENCY — A reader chimes in ... The reader's point about the long view is well-taken. Obama's mix of steel and patience are two of his key virtues. — But I have been surprised that he has not chosen yet to play more to, and get out among, his real constituency — particularly on this bill — the people.
David E. Sanger / New York Times:
Senate Agrees to Dilute ‘Buy America’ Provisions — WASHINGTON — The Senate, at the urging of White House officials, agreed Wednesday night to water down some of the “Buy America” provisions in its version of the $900 billion economic stimulus bill. — The vote gave President Obama a victory …
Laura Rozen / The Cable:
General Zinni gets undiplomatic treatment from Obama team — When retired Marine Gen. Anthony Zinni told the Washington Times that he was offered the job of U.S. ambassador to Iraq before being passed over in favor of diplomat Christopher Hill, he did not say that one of the outrages …
Norman Ornstein / The New Republic:
District of Corruption — How Washington's new riches destroyed Tom Daschle. — So Damn Much Money is the title of Bob Kaiser's penetrating book on the explosion of lobbying and corruption in Washington over the past quarter century. Kaiser is right, and so is Barack Obama in his attempt …
Karl Rove / Wall Street Journal:
Democrats Try Trickle-Down Economics — Growing government won't stimulate the real economy. — As a presidential candidate, Barack Obama attacked “trickle down economics” as “bankrupt” and an “old, discredited” philosophy that “didn't work.” He was wrong.
Discussion:
Betsy's Page
Kevin Drum / Mother Jones:
Honeybees! — HONEYBEES!....I'm back! Not really at a hundred percent or anything, but in good enough shape for blogging. And I have to say that my timing was pretty good: all I really missed was a fantastic amount of teeth gnashing (tooth gnashing?) over Barack Obama supposedly losing control of the stimulus bill.