Top Items:
Reuters:
President Obama's remarks on U.S. car industry — (Reuters) - Following are excerpts from President Barack Obama's Monday remarks about the U.S. auto industry's restructuring effort: — In recent months, my Auto Task Force has been reviewing requests by General Motors and Chrysler …
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Kevin G. Hall / McClatchy Washington Bureau:
Feds declare GM, Chrysler not viable, refuse more aid — WASHINGTON — President Barack Obama on Monday will reject requests for almost $22 billion in new taxpayer bailout money for General Motors Corp. and Chrysler, saying the car makers have failed to take steps to ensure their viability.
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:
Wall Street Journal, Detroit Free Press, The Moderate Voice, Runnin' Scared, Washington Times, Time, The Hill's Blog Briefing Room, God's Politics Blog, On Deadline, Wizbang, Reuters, Political Machine, Connecting.the.Dots, AmSpecBlog, No More Mister Nice Blog, This ain't Hell …, TalkLeft, TIME.com and Moonbattery
Dschabner / Political Punch:
President Obama Tells Automakers Their Viability Plans Are Lemons
President Obama Tells Automakers Their Viability Plans Are Lemons
Discussion:
New York Times, The Politico, Wall Street Journal, NY Daily News, DownWithTyranny! and Riehl World View
Jonathan Chait / The New Republic:
Why the Democrats Can't Govern — Look who's killing Obama's agenda now. — The last Democrat who held the White House, Bill Clinton, saw the core of his domestic agenda come to ruin, his political support collapse, and his failure spawn a massive Republican resurgence that made progressive reform impossible for a decade to come.
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Chris Bowers / Open Left:
Why No One Believes What Democrats Say — Quite a few bloggers, myself included, have piled on Senate Majority Leader Harry Reid for siding with Evan Bayh's “moderate working group” at the expense of the progressive wing of the party. However, he actually made a far more damaging statement about Democrats in general last Friday.
Lori Montgomery / Washington Post:
A Budget Watcher's Guide to the Action
A Budget Watcher's Guide to the Action
Discussion:
McClatchy Washington Bureau
New York Times:
Fox News's Mad, Apocalyptic, Tearful Rising Star — “You are not alone,” Glenn Beck likes to say. For the disaffected and aggrieved Americans of the Obama era, he could not have picked a better rallying cry. — Mr. Beck, an early-evening host on the Fox News Channel …
Erica Orden / New York Magazine:
Home Decorating With the Obamas — At a time when people are having trouble holding on to their houses, Barack and Michelle Obama have sensibly decided not to use taxpayers' money to renovate theirs. New presidents are allotted $100,000 to overhaul the White House residence and the Oval Office …
Robert Stacy McCain / The Other McCain:
Andrew Breitbart Shows Why He's Becoming One of the Most Important Columnists in America Today — Ace of Spades was the first to call my attention to the pervasiveness of Obama's Astroturf blog-troll army. They seemed to start showing up in July, and by September they were ubiquitous.
Discussion:
Pat Dollard
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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.
Jennifer Haberkorn / Washington Times:
EXCLUSIVE: AIG chiefs pressed to donate to Dodd — $160,000 streamed in as senator gained power on banking committee — As Democrats prepared to take control of Congress after the 2006 elections, a top boss at the insurance giant American International Group Inc. told colleagues …
Michael Kranish / Boston Globe:
Pension insurer shifted to stocks — Concern increases as losses mount; Failing plans could overwhelm agency — WASHINGTON - Just months before the start of last year's stock market collapse, the federal agency that insures the retirement funds of 44 million Americans departed …
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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 …
Paul Krugman / New York Times:
America the Tarnished — Ten years ago the cover of Time magazine featured Robert Rubin, then Treasury secretary, Alan Greenspan, then chairman of the Federal Reserve, and Lawrence Summers, then deputy Treasury secretary. Time dubbed the three “the committee to save the world,” …
Washington Post:
In a Down Time Everywhere Else, K Street Bustles — Lobbyists Find Plenty of Work as Clients Contend for Stimulus Package's Billions — Last month, just before Valentine's Day, business at Holland & Knight was so slow that the law firm laid off more than 240 lawyers and staff …
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New York Times:
Merkel Is Set to Greet, and Then Resist, Obama — BERLIN — Chancellor Angela Merkel of Germany, an avowed friend of the United States and the leader of the European Union's biggest economy, is diplomatic about the coming visit by President Obama. But she is clear that she is not about to give ground …
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Dan Mangan / New York Post:
PARTIES & POT IN ASHLEY BIDEN'S PAST — A decade before a friend came forward trying to sell a video that he claimed showed her snorting cocaine, Vice President Joseph Biden's daughter was busted for pot possession. — Ashley Biden “was a hot freshman that every guy wanted to be with …
Tyler Durden / Zero Hedge:
Exclusive: AIG Was Responsible For The Banks' January & February Profitability — Zero Hedge is rarely speechless, but after receiving this email from a correlation desk trader, we simply had to hold a moment of silence for the phenomenal scam that continues unabated in the financial markets …
New York Times:
Star Lobbyist Closes Shop Amid F.B.I. Inquiry — WASHINGTON — For most of the last three decades, the lobbyist Paul Magliocchetti might have been mistaken for an owner of the Alpine, a wood-paneled Italian restaurant across the Potomac River from Washington where he routinely presided …
CNN:
Image shows North Korea rocket on launch pad — (CNN) — A North Korean rocket slated for launch sometime early next month can be clearly seen in a satellite photograph taken Sunday, the Institute for Science and International Security said Sunday. — The satellite imagery …
Discussion:
Danger Room
David Carr / New York Times:
Cable News Stokes Political Fever — MSNBC ran a countdown clock in preparation for the big event last Tuesday night. CNN's run-up thrummed with portent, while a skeptical Fox News joined in the fervent speculation. — So what had the cable news stations in overdrive?
Simon Johnson / The Baseline Scenario:
Obama Against The Odds — The G20 summit is headed for disaster. The Europeans have circled their wagons and determined that no sensible policy proposal shall pass. The background briefings indicate (a) the US has given up on global fiscal stimulus ("declare victory and retreat" …
Discussion:
Riehl World View