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No Boiled Carrots — Barack Obama even needs a teleprompter to get mad. — On St. Patrick's Day, the president spoke a bit of Gaelic, dyed the White House fountains green and talked about his distant relatives in the tiny Irish town of Moneygall, aptly named since money and gall are the two topics now consuming him.
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AIG staff: We deserve this money — AIG's new management team last year proposed that its employees give up their “retention” bonuses, or at least reduce them. The response from the 370 or so employees set to rake in $450 million in bonuses through 2010? — Take a hike.

Repairing AIG and Repaying the Public — The government rescue of American International Group (AIG) and other financial firms has produced a palpable wave of anger on the part of Americans and a rising public demand for accountability from corporate and government leaders.

AIG Firestorm Raises Alarm For Other Firms — The firestorm over bonuses paid by insurance giant American International Group has triggered alarm at other financial firms, threatening federal efforts to draw private investors into economic recovery programs. — It is a critical juncture for the Obama administration.


White House Calls Bonuses a Late Surprise
Discussion:
The Fix, BBC, Real Clear Politics, Time, Democracy in America, TIME.com, The Note, The Caucus and RedState

Washington knew AIG was preparing to pay bonuses
Discussion:
CNN, Wake up America, Power Line, The Smirking Chimp, Associated Press, DISSENTING JUSTICE and The Politico

Paying Workers More to Fix Their Own Mess
Discussion:
The Baseline Scenario, Clusterstock, Prairie Weather, Wall Street Journal and Econbrowser

Obama Administration: We Didn't Find Out About AIG Bonuses Until This Month


President's Budget Strategy Under Fire — Tactic May Break Obama's Bipartisan Pledge, GOP Says — Senior members of the Obama administration are pressing lawmakers to use a shortcut to drive the president's signature initiatives on health care and energy through Congress without Republican votes …
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LOWERING THE BAR FOR MOB RULE.... About two weeks ago, OMB Director Peter Orszag suggested the administration might pursue major healthcare and energy reforms through the budget reconciliation process. The point would be to make passage far easier — Republicans can vote against reconciliation bills, but they can't filibuster them.
Discussion:
Matthew Yglesias


Financial Journalists Fail Upward — “Listen, you knew what the banks were doing and yet were touting it for months and months,” said “Daily Show” host Jon Stewart to CNBC superstar Jim Cramer in their much-discussed confrontation last week. “The entire network was, and so now to pretend …
Discussion:
Newshoggers.com
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CNBC's woes may open the door to its competitors — Commentary: Jon Stewart's criticisms could resonate with viewers … NEW YORK (MarketWatch) — When Jon Stewart excoriated CNBC on “The Daily Show,” he barely mentioned its competition. That seemed to imply that the Fox Business Network …


Begorra! Irish PM trips over White House speech — Featured Topics: - Barack Obama - Presidential Transition — WASHINGTON - Irish Prime Minister Brian Cowen was just a few paragraphs into an address at a St. Patrick's Day celebration at the White House when he realized something sounded way too familiar.
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The Obama 100 — Earlier in the day, the president claimed an Irish ancestry, saying his mother's family could be traced back to Ireland. — He joked to Cowen: “We may be cousins. We haven't sorted that through yet.” — Speaking in the Oval Office, he told the Irish premier …


Bush says it's ‘essential’ to help Obama — CALGARY, Alberta - Former President George W. Bush, making his first public speech since leaving office in January, says he wants Barack Obama to succeed and that it's “essential” to support the new leader. — Bush declined to critique …
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Bush declines to criticize Obama in Canada speech
Discussion:
Top of the Ticket, Washington Monthly, BuzzFlash.org, Hot Air, Wonkette and NewsBusters.org

Bush promises not to attack Obama
Discussion:
The New Republic, Associated Press, The Swamp, Reuters, Wake up America and Political Machine

Stayin' Alive — The inside story of health care reform's near-death experience. — In early January, most of Barack Obama's senior staff assembled with the president-elect for a meeting inside a windowless, eighth-floor office at the transition headquarters in Washington.
Discussion:
Hugh Hewitt's TownHall Blog, Taegan Goddard's …, Democratic Strategist and Ben Smith's Blog

The 5 biggest myths about Obama — By trade if not by choice, I have become something of a Barack Obama aficionado. POLITICO's Mike Allen wrote last week that I have “probably listened to more President Obama speeches than any human besides [White House spokesman Robert] Gibbs.”


Guest Post by Lawrence Wilkerson: Some Truths About Guantanamo Bay — Lawrence B. Wilkerson was chief of staff to Secretary of State Colin Powell and is chairman of the New America Foundation/U.S.-Cuba 21st Century Policy Initiative. — There are several dimensions to the debate …


Some Members of Evan Bayh's New Anti-Progressive Caucus Too Frightened to Admit Membership — It's been known for a while now that Senator Evan Bayh (D-IN) has been planning to form a caucus of “moderate” Senate Democrats hoping to soak up special interest cash in exchange for blocking the progressive agenda.

Specter won't rule out run as an Independent — Sen. Arlen Specter said Tuesday that he will not run for reelection in 2010 as a Democrat, but might run as an Independent. — The Pennsylvania Republican has been under tremendous pressure from the GOP base since being one of just three Republicans …


A bit more to worry about; foreign demand for long-term Treasuries has faded — I wanted to highlight one trend that I glossed over on Monday, namely that foreign demand for long-term Treasuries has disappeared over the last few months. Consider a chart showing foreign purchases of long-term Treasuries over the past 3 months.

YouTube ‘spammed by US Congressmen’ — YouTube, the internet hosting site, is being flooded with cringe worthy video messages from US politicians, it has been claimed. — Two months ago, the website added an official Congress channel, inviting Democrats and Republicans to share quirky political messages with voters.

In a First, Bankruptcy Judge Rules Calif. City Can Void Union Contracts — Post a Comment Printer-friendly Email this Article Reprints & Permissions — In the first ruling of its kind, a bankruptcy judge held the city of Vallejo, Calif. has the authority to void its existing union contracts …
Discussion:
RedState