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OBAMA BURNED: GREGG WITHDRAWS AFTER POLICIES TOO MUCH TO STOMACH — For Immediate Release: — Senator Gregg Statement on His Withdrawal for Consideration of U.S. Commerce Secretary — Sen. Gregg stated, “I want to thank the President for nominating me to serve in his Cabinet as Secretary of Commerce.
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Jeff Zeleny / New York Times:
Gregg Ends Bid for Commerce Job — WASHINGTON — Senator Judd Gregg of New Hampshire abruptly withdrew Thursday as the nominee for commerce secretary, saying he had “irresolvable conflicts” with President Obama over his economic stimulus plan and a concern over what many fellow Republicans believe …
The Politico:
'I couldn't be Judd Gregg' — Sen. Judd Gregg abruptly withdrew his nomination as commerce secretary Thursday, telling Politico that he “couldn't be Judd Gregg” and serve in Barack Obama's Cabinet. — The White House — where some aides were caught off guard by the withdrawal …
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Washington Post, Associated Press, Pajamas Media, Reuters, CBS News, The Huffington Post, MSNBC, The Hill, The Plum Line, Portfolio, The Reaction, The Huffington Post and Macsmind
Chris Cillizza / The Fix:Gregg Withdraws as Commerce Nominee
Discussion:
The Politico, Time, Federal Eye, NO QUARTER, Shadow Government, The Moderate Voice, Althouse and OpenMarket.org
Andrew Sullivan / The Daily Dish:
The GOP Has Declared War On Obama — This much is now clear. Their clear and open intent is to do all they can, however they can, to sabotage the new administration (and the economy to boot). They want failure. Even now. Even after the last eight years. Even in a recession as steeply dangerous as this one.
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Andrew Sullivan / The Daily Dish:
Gregg Was Pwned — It gets clearer. When Judd Gregg approached the Obama administration to see if he could be a part of it, he was assuming that his own party wasn't going to adopt a policy of total warfare against the newly elected president in a time of enormous economic peril.
David Kurtz / Talking Points Memo:
TIMING — According to our Matt Cooper, Gregg called New Hampshire Gov. John Lynch (D) a few hours ahead of releasing his withdrawal statement to alert him. But the White House appeared blindsided by the Gregg withdrawal, according to various reports, so much so that some officials were first learning of the news from reporters.
Buffalo News:
49 KILLED AS PLANE CRASHES INTO HOME IN CLARENCE CENTER — Forty-nine people died when a Continental Connection airplane crashed into a house in Clarence Center shortly after 10:15 p.m. Thursday, setting off a huge fire that could be seen miles away. — The dead included 44 passengers, four crew members and a person on the ground.
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CNN:
Police: 49 killed in Buffalo-area plane crash — (CNN) — A Continental Airlines plane crashed into a home near Buffalo, New York, late Thursday, killing 44 passengers and four crew members on board, according to New York State police. — Authorities also said one person on the ground was killed.
Ben Smith / The Politico:
Projected job numbers don't add up — A White House estimate of the number of jobs stimulus legislation will create includes some sharp discrepancies between state and local jobs claims. — Those differences — which the document suggests are large rounding errors …
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Steve Lohr / New York Times:
Large Banks on the Edge of Insolvency — Some of the nation's large banks, according to economists and other finance experts, are like dead men walking. — A sober assessment of the growing mountain of losses from bad bets, measured in today's marketplace, would overwhelm the value of the banks' assets, they say.
Washington Whispers:
Congressional Offices Don't Have the Stimulus Bill, Lobbyists Do — We're receiving E-mails from Capitol Hill staffers expressing frustration that they can't get a copy of the stimulus bill agreed to last night at a price of $789 billion. What's more, staffers are complaining about who does have a copy: K Street lobbyists.
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Connie Hair / Human Events:
SURPRISE! Dems Break Promise: Stimulus Bill to Floor Friday — In a press conference Thursday, the House Republican leadership spoke candidly about being kept out of the House-Senate conference on the Obama-Pelosi-Reid so-called “economic stimulus” bill. They confirmed they had not yet seen the text of the bill as of 4 p.m.
CNN:
Reid Looking for GOP Votes — WASHINGTON (CNN) - CNN has learned that one day after securing an agreement on a giant economic stimulus bill that is expected to pass narrowly with the votes of three moderate Republicans, Senate Majority Leader Harry Reid is calling other Republican centrists trying …
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Tahman Bradley / Political Punch:
D'oh! Caterpillar CEO Contradicts President on Whether Stimulus Will Allow Him to Re-Hire Laid Off Workers — EAST PEORIA, ILL. — President Obama today repeated the claim we asked about yesterday at the press briefing that Jim Owens, the CEO of Caterpillar, Inc., “said that if Congress passes our plan …
Discussion:
The Caucus, Betsy's Page, Top of the Ticket, Don Surber, Wizbang, Hot Air, Gateway Pundit, Macsmind and The Other McCain
New York Times:
Judges Plead Guilty in Payoffs for Jailing Youths — At worst, Hillary Transue thought she might get a stern lecture when she appeared before a judge for building a spoof MySpace page mocking the assistant principal at her high school in Wilkes-Barre, Pa. She was a stellar student who had never …
Mark Mazzetti / New York Times:
Global Economy Top Threat to U.S., Spy Chief Says — WASHINGTON — The new director of national intelligence told Congress on Thursday that global economic turmoil and the instability it could ignite had outpaced terrorism as the most urgent threat facing the United States.
Discussion:
The Takeaway …
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Greg Miller / Los Angeles Times:U.S. now sees Iran as pursuing nuclear bomb
Discussion:
Commentary, Mere Rhetoric, Hot Air, Soccer Dad, Weekly Standard, Israel Matzav, The New Republic and Jules Crittenden
Alison Fitzgerald / Bloomberg:
Billionaire Stanford's Firm Said to Face U.S. Probe — Feb. 12 (Bloomberg) — Stanford Group Co., a Houston-based investment firm led by billionaire R. Allen Stanford, is under investigation by U.S. securities regulators over sales of certificates of deposit in its affiliated offshore bank …
Chris Cillizza / The Fix:
Axelrod To Bush Advisers: Butt Out — David Axelrod, a senior adviser to President Barack Obama, had harsh words for some of former President Bush's closest advisers during an interview with the Post's Lois Romano yesterday, dismissing as “intramural stuff” the critiques offered by the former Administration.
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