Top Items:
Paul Krugman:
Despair over financial policy — The Geithner plan has now been leaked in detail. It's exactly the plan that was widely analyzed — and found wanting — a couple of weeks ago. The zombie ideas have won. — The Obama administration is now completely wedded to the idea …
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New York Times:
Toxic Asset Plan Foresees Big Subsidies for Investors — WASHINGTON — The Treasury Department is expected to unveil early next week its long-delayed plan to buy as much as $1 trillion in troubled mortgages and related assets from financial institutions, according to people close to the talks.
Discussion:
naked capitalism, Balloon Juice, Obsidian Wings, Calculated Risk, The New Republic, JustOneMinute, The Reaction, TPMCafe and Corrente
Mike Allen / The Politico:
Treasury to roll out toxic asset plan — Featured Topics: - Barack Obama - Presidential Transition — Treasury Secretary Tim Geithner will announce a plan early next week to relieve failing banks of their toxic assets by attracting back private investors rather than have the government buy …
Martin Crutsinger / Associated Press:Toxic asset plan expected to be unveiled soon
Discussion:
But As For Me
Joe Nocera / New York Times:
The Problem With Flogging A.I.G. — Can we all just calm down a little? — Yes, the $165 million in bonuses handed out to executives in the financial products division of American International Group was infuriating. Truly, it was. As many others have noted, this is the same unit whose …
RELATED:
David M. Herszenhorn / New York Times:Obama Uneasy About Tax on Bonuses
Discussion:
DISSENTING JUSTICE
Howard Schneider / Washington Post:
Israeli Soldier Says Military Rabbis Framed Gaza Mission as Religious — A soldier involved in Israel's recent military offensive in the Gaza Strip said in published reports Friday that the military's rabbinical staff distributed material characterizing the operation as a religious mission to …
RELATED:
Uri Blau / Haaretz:Dead Palestinian babies and bombed mosques - IDF fashion 2009
Discussion:
The Daily Dish
The Politico:
VIDEO: Obama's 4 budget principles — Featured Topics: - Barack Obama - Presidential Transition — Previewing a critical week for his administration, President Barack Obama on Saturday called on Congress Saturday to pass a budget that adheres to four principles: increasing energy independence …
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Helene Cooper / New York Times:
Obama to Push Programs in Budget — WASHINGTON — President Obama, signaling the start of what promises to be a bruising fight with Congress, said that he expected lawmakers to pass a budget that would fund key programs in his economic recovery plan while at the same time substantially cutting the country's national deficit.
John / Power Line:
ARE WE A BANANA REPUBLIC? — I'm stupefied to find that some people are defending the constitutionality of Nancy Pelosi's discriminatory, confiscatory and retroactive tax on people who receive bonus income from companies that got TARP money. I would have considered it a bright line rule …
Los Angeles Times:
Not bowled over by Obama's Special Olympics joke — Despite the president's apology, athletes and others say they are disappointed with his remark on Jay Leno's show. — Reporting from Chicago — When she met Barack Obama two years ago, Caitlin Cox proudly wore the two bronze medals she had won at the Special Olympics.
RELATED:
David Zurawik / Z on TV:Nielsen: Obama visit a big boost for Leno ratings
Discussion:
Top of the Ticket
Ali Akbar Dareini / Associated Press:
Iran's supreme leader dismisses Obama overtures — TEHRAN, Iran - Iran's supreme leader rebuffed President Barack Obama's latest outreach on Saturday, saying Tehran was still waiting to see concrete changes in U.S. policy. — Ayatollah Ali Khamenei was responding to a video message Obama released Friday …
RELATED:
Ali Akbar Dareini / Associated Press:Iran plays down new Obama video message
Discussion:
TigerHawk, Political Machine, The Jawa Report, RealClearWorld, RealClearPolitics Video Log and Booman Tribune
Mary Anastasia O'Grady / Wall Street Journal:
Now Is No Time to Give Up on Markets — “What can we do that would be beneficial? [One thing] is lower corporate taxes and businesses taxes and maybe taxes in general. Particularly, you want to lower the tax on capital so you raise the after-tax return to investing and get more investing going on.”
Liz Sidoti / Associated Press:
Analysis: Obama rhetoric, reality clash — Featured Topics: - Barack Obama - Presidential Transition — WASHINGTON - Barack Obama's optimistic campaign rhetoric has crashed headlong into the stark reality of governing. — In office two months, he has backpedaled on an array of issues …
Discussion:
Stop The ACLU
Park Chan-Kyong / Agence France Presse:
North Korea confirms two Americans detained — SEOUL (AFP) - North Korea on Saturday confirmed that it had detained two American journalists for illegally entering the country from China earlier this week and said their case was under investigation. — The US State Department had expressed concern …
Discussion:
Hot Air
David Kurtz / Talking Points Memo:
WITCH HUNTERY! — A great exchange on CNBC between the anchor and Rep. Brad Sherman (D-CA), one of the few elected voices of reason during the financial crisis:
Discussion:
Obsidian Wings
Randolph E. Schmid / Associated Press:
US Post Service looks for new ways to cut losses — Featured Topics: - Barack Obama - Presidential Transition — WASHINGTON - The U.S. Postal Service has already suggested dropping a day of mail delivery to save money. Now, with economic gloom everywhere, it's turning to early retirements, management cutbacks and office closings.
Discussion:
But As For Me
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