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Obama Orders Treasury Chief to Try to Block A.I.G. Bonuses — WASHINGTON — President Obama vowed to try to stop the faltering insurance giant American International Group from paying out hundreds of millions of dollars in bonuses to executives, as the administration scrambled to avert …
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TalkLeft, Portfolio, Open Left, Say Anything, The Washington Independent, Little Green Footballs, CBS News and Cafe Hayek
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Who Stole Our Country, and How are We Going to Get It Back? — The White House is worried about backlash over AIG's payout of $450 million in bonuses to the executives in its high flying Financial Services Group, the out-of-control derivatives trading arm that looted the company …
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WHY IT'S CUTTING — Like you, I've been watching this AIG bonus story unfold over the weekend. And though I did not see it at first, I think it may prove to be a turning point, both for AIG and the government. — I don't believe the bonuses themselves are the heart of the matter …
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FIRST THOUGHTS: RAGE AGAINST THE MACHINE — From Chuck Todd, Mark Murray, and Domenico Montanaro — *** Rage against the machine: Anger at Wall Street and at America's financial institutions has been simmering for a while now — the numerous bailouts, Bernie Madoff, and Jon Stewart vs. CNBC have been just a few examples.
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Hartford Courant, Bloomberg, Washington Wire, TIME.com, Hot Air, David Corn, The Corner and QandO
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Cuomo Seeks A.I.G. Bonus Information — Attorney General Andrew M. Cuomo of New York on Monday sent a letter to the American International Group, demanding more information about the employees who are set to receive about $165 million in bonus payments. — Mr. Cuomo's letter …
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The sanctity of AIG's contracts — (updated below - Update II) — Larry Summers, Sunday, on AIG's payment of executive bonuses: … Associated Press, February 18, 2009: … Apparently, the supreme sanctity of employment contracts applies only to some types of employees but not others.
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AIG SUCCEEDS IN BRINGING PEOPLE TOGETHER.... Rep. Barney Frank …
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Associated Press
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Bracing for a Backlash Over Wall Street Bailouts
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Weekly Standard, Michelle Malkin, The Moderate Voice, The Huffington Post, The Hill, Top of the Ticket, marbury, Wake up America, Hot Air, QandO, Democracy in America, Political Punch, Los Angeles Times, The New Republic, Time, Reuters, Open Left, Jules Crittenden, TalkLeft, NY Daily News, Bloomberg, Commentary and theheretik.us
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Frank on AIG: 'Maybe it's time to fire some people.'
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Reuters
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Obama's Approval Rating Slips Amid Division Over Economic Proposals — GOP Congressional Leaders' Ratings Hit New Low - 28% — President Barack Obama's approval rating has slipped, as a growing number of Americans see him listening more to his party's liberals than to its moderates …
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A Continent Adrift — I'm concerned about Europe. Actually, I'm concerned about the whole world — there are no safe havens from the global economic storm. But the situation in Europe worries me even more than the situation in America. — Just to be clear, I'm not about to rehash …
Discussion:
The New Republic, Matthew Yglesias, New Yorker, The Corner, TalkLeft and LewRockwell.com Blog
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Dramatic Advances Sweep Iraq, Boosting Support for Democracy — ABC News/BBC/NHK National Survey of Iraq — Dramatic advances in public attitudes are sweeping Iraq, with declining violence, rising economic well-being and improved services lifting optimism, fueling confidence in public institutions …
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Free Larry Summers — Why the White House needs to unshackle its economic oracle. — On a typical day, Larry Summers, the top White House economic adviser, sits in his office overlooking the Rose Garden and receives a near-endless succession of aides working on a stunning variety of issues.
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Obama to Appear on ‘Tonight Show’ — Barack Obama appeared on “The Tonight Show with Jay Leno” in 2007 when he was running for president. — President Obama will be making a guest appearance on “The Tonight Show with Jay Leno” on Thursday, a White House official said …
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Why the GOP Can't Win With Minorities — Today conservatism is stigmatized in our culture as an antiminority political philosophy. In certain quarters, conservatism is simply racism by another name. And minorities who openly identify themselves as conservatives are still novelties, fish out of water.
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Rendell: I've Tried To Get Specter To Switch — And So Has Joe Biden — Ed Rendell told RNN-TV, a regional cable news channel in the Northeast, that he has in fact tried to talk GOP Senator Arlen Specter into switching to the Democrats — oh, and so have some other important people, who Rendell probably shouldn't have mentioned.
Discussion:
Washington Monthly, Indecision Forever, The Plum Line, The Politico, Commentary and Taegan Goddard's …
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To Urge Passage of Budget, Obama E-Mails His Campaign Army — President Obama will kick off an all-out grass-roots effort today urging Congress to pass his $3.55 trillion budget, activating the extensive campaign apparatus he built during his successful 2008 candidacy for the first time since taking office.
Discussion:
Matthew Yglesias, McClatchy Washington Bureau, Outside The Beltway, MyDD, The Corner, The Fix, TPMDC, TIME.com, Sweetness & Light and Wake up America
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An Immigration Glitch for Gay Couples Is Unjust — THE UNITING American Families Act would allow gay and lesbian Americans and permanent residents to sponsor their foreign-born partners for legal residency in the United States. The bill, introduced last month in the Senate by Patrick Leahy …
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Fareed Zakaria — PostGlobal co-moderator Fareed Zakaria is editor of Newsweek International, overseeing all Newsweek's editions abroad. He writes a regular column for Newsweek, which also appears in Newsweek International and often The Washington Post. He is a member of the roundtable of ABC News' …
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Sexual Politics — How long has it been since a First Couple seemed to want each other? — Look, Ma, no hands! Only one cool forehead and some extra-strength hairspray touch, and yet everything combusts in this Inauguration Night photo. Not since Doris Day and Rock Hudson split a pair of pajamas …
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AIG Bonus Babies — The AIG moment feels like a big one. Public distaste for both the Bush and Obama administrations' handling of the financial crisis seems to be crystallizing in response to the reports of bonuses for executives at the AIG financial products subsidiary …
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Netanyahu Strikes Deal With Rival's Far-Right Party — JERUSALEM — The leader of a controversial nationalist political party in Israel, Avigdor Lieberman, has agreed to join Prime Minister designate Benjamin Netanyahu's government in exchange for an appointment as foreign minister and a handful …
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U.S. Military Confirms It Shot Down Iranian Drone — Last month, a U.S. fighter aircraft tracked and shot down an Iranian drone. Details — first reported by Danger Room — have been elusive, but the U.S. military has now confirmed the incident. — Multinational Forces Iraq spokesman …
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Can Meg Whitman save California? — In a bad economy, this sorry state has the worst credit rating and the highest taxes. The former eBay chief wants to run it like a business. Is that a good thing? — (Fortune Magazine) — It's been barely a month since Meg Whitman declared …