Top Items:
Mike Allen / The Politico:
GM CEO resigns at Obama's behest — The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed, a White House official said. — The White House confirmed Wagoner was leaving at the government's behest after The Associated Press reported …
Discussion:
Jules Crittenden, Outside The Beltway, Associated Press, CNBC, Gawker, BitsBlog, The BRAD BLOG, Atlas Shrugs, The New Ledger, Vox Popoli, The Liberty Papers, No More Mister Nice Blog, Fausta's Blog, Scared Monkeys, Poor Richard's News, Pat Dollard, Pajamas Media, Moonbattery, Wizbang, Hot Air, LewRockwell.com Blog, The Mahablog, Blue Crab Boulevard, Riehl World View and The Moderate Voice
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Peter Whoriskey / Washington Post:
GM Chief to Resign at White House's Behest — Obama Pushes General Motors and Chrysler to Slim Down, Make More Concessions — The Obama administration has forced the longtime head of General Motors to resign and said yesterday that it would withhold additional federal aid to the auto industry unless …
Discussion:
Washington Times, On Deadline, AmSpecBlog, Political Machine, This ain't Hell …, TIME.com, TalkLeft and Pajamas Media
The Politico:
Obama shortens Detroit's lifeline — In surprising findings to be outlined at the White House on Monday, President Obama has concluded that neither GM nor Chrysler as they now exist deserve more bailouts. But the White House is sparing them for a month or two, and is promising American consumers …
Discussion:
Corrente
Kevin Krolicki / Reuters:
US autos task force rejects GM, Chrysler plans — * GM gets 60 days to develop more sweeping restructuring — * Chrysler plans “unrealistic or overly optimistic” — * Chrysler gets 30 days to complete revised Fiat tie-up — * GM President, COO Fritz Henderson replaces ousted Wagoner (Adds detail, background, byline)
Chris Cillizza / The Fix:
White House Cheat Sheet: Obama Plays Hardball on Autos — The Obama administration's ouster of General Motors Chairman Richard Wagoner coupled with its decision to reject viability plans offered by GM and Chrysler represent a hard line stance toward dedicating government resources to a pillar of the American economy.
Wall Street Journal:
Government Forces Out Wagoner at GM — Executive Agreed to Step Down After U.S. Asked for Resignation in Return for More Bailout Cash; Henderson Takes Over for Now — The Obama administration used the threat of withholding more bailout money to force out General Motors Corp. Chief Executive Rick Wagoner …
Discussion:
Political Punch, Washington Post, CNBC, Bloomberg, Time, Kausfiles, naked capitalism, The New Republic and Blue Crab Boulevard
Washington Times:
Rules for conservative radicals — A digital war has broken out, and the conservative movement is losing. Read the comment sections of right-leaning blogs, news sites and social forums, and the evidence is there in ugly abundance. Internet hooligans are spewing their talking points to thwart the dissent of the newly-out-of-power.
James R. Hagerty / Wall Street Journal:
New Task Seen for Fannie, Freddie — The regulator of Fannie Mae and Freddie Mac is considering giving the government-backed mortgage companies another role: helping to finance small mortgage banks. — A spokeswoman for the regulator, the Federal Housing Finance Agency …
Financial Times:
G20 draft communiqué — Introduction — 1. We, the Leaders of the Group of Twenty met, for a second time, in London on 2 April. — Over the last half century strong growth and increasing international trade has brought untold jobs and prosperity to our citizens.
Pundita:
Washington continues to play ostrich about Mexico … The quote is from Zenpundit Mark Safranski's A Mexican Standoff with Reality. He has written a gravely important post on the Mexico situation, which dashes the notion that the country is in no danger of becoming a failed state.
John Dorschner / MiamiHerald.com:
Insurers shun those taking certain meds — How health insurers secretly blacklist those with certain ailments. — JDORSCHNER@MIAMIHERALD.COM — Trying to buy health insurance on your own and have gallstones? You'll automatically be denied coverage. Rheumatoid arthritis? Automatic denial.
Ben Worthen / Wall Street Journal:
Wide Cyber Attack Is Linked to China — Security researchers said they have discovered software capable of stealing information installed on computers in 103 countries from a network that targeted government agencies. — The software infected more than 1,200 computers …
Associated Press:
Palestinian youth orchestra disbanded over concert for Holocaust survivors — Palestinian authorities disbanded a youth orchestra from a West Bank refugee camp after it played for a group of Holocaust survivors in Israel, a local official said on Sunday. — Adnan Hindi of the Jenin camp called …
Discussion:
New York Times, RedState, JOSHUAPUNDIT, Yourish.com, Israel Matzav, Harry's Place, Soccer Dad, THE ASTUTE BLOGGERS and BeltwayBlips
Manu Raju / The Politico:
In Minnesota, it's still November — Texas Sen. John Cornyn is threatening “World War III” if Democrats try to seat Al Franken in the Senate before Norm Coleman can pursue his case through the federal courts. — Cornyn, the chairman of the National Republican Senatorial Committee …
Discussion:
TIME.com
Greta Van Susteren / GretaWire:
Huh? — Is ABC's Clair Shipman getting this - below - about her husband, former Time Magazine reporter and now Vice President Joe Biden's Chief of Staff Jay Carney? I hope not. NBC's Andrea Mitchell for her husband Alan Greenspan? I hope not. CBS's Rita Braver, wife of lawyer Bob Barnett …
John / Power Line:
Who Can Do the Math? — In discussions of the current economic crisis, we hear constant references to “toxic” assets held by banks and other financial institutions. These assets are mortgage-backed securities for which the market has collapsed. As is often the case, this dependence on metaphor is revealing.
Discussion:
EconLog
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Bill Sammon / Fox News:
Gates: U.S. Not Prepared to Respond to North Korea Missile Launch — The defense secretary told “FOX News Sunday” that the United States can do nothing to stop North Korea from thumbing its nose at the international community by test-firing a long-range missile. — FOXNews.com
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