Friday, February 13, 2009
Stimulus Bill Passes with NO GOP Votes
As I read on dailykos, "the 2010 campaign ads are just writing themselves."
Judd Gregg Out
Some people have said this doesn't bode well for Obama. That is the biggest bunch of crap. Obama has attempted to bring people together and at the end of the day, repubs don't want anything to do with it and the public knows it.
Check out this quote by Andrew Sullivan: "I have to say even I am a little taken aback by the force of the Republican assault. Even in a downturn as swift and alarming as this one, even after an election that clearly favored one approach over another, even after the most conciliatory efforts by an incoming president in memory, these people have gone to war against the president. The president should stay cool. The rest of us should realize what motivates the GOP: the opportunism of selective ideology."
I agree with him. Give enough rope to the repubs and they'll hang themselves. Right now, they are doing a great job of it.
Thursday, February 12, 2009
Dems Confident for 2010
GOP Loves The Long Franken/Coleman Fight
Wednesday, February 11, 2009
Still Attacking New Deal/Roosevelt
Stimulus Bill Update
These Headlines Need to be in Every Newspaper
The headline above is from dailykos. I would have the second part as "Republicans are trying to prevent these jobs from coming to Michiga." It's a bit longer but needed.
Tuesday, February 10, 2009
How Close We Came to Economic Meltdown
On Thursday (Sept 18), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury opened up its window to help and pumped a $105 billion in the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks. They decided to close the operation, close down the money accounts and announce a guarantee of $250,000 per account so there wouldn't be further panic out there.
If they had not done that, their estimation is that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.We are no better off today than we were 3 months ago because we have a decrease in the equity positions of banks because other assets are going sour by the moment.
Update: Turns out the information by Kanjorski might not have been accurate. It turns out that his source was the New York Post. Not the most reliable of papers. Felix had doubts and has let us know about them "there never was a $500 billion outflow from any asset class in the space of a couple of hours or even weeks, and the Fed never shut down or froze any money-market accounts."So, it might not have been as bad as previously thought.
Obama's First Press Conference
Monday, February 9, 2009
Quote of the Day
New GOP Chairman out to Lunch
STEELE: You’ve got to look at what’s going to create sustainable jobs. What this administration is talking about is making work. It is creating work.
STEPHANOPOULOS: But that’s a job.
STEELE: No, it’s not a job. A job is something that — that a business owner creates. It’s going to be long term. What he’s creating…
STEPHANOPOULOS: So a job doesn’t count if it’s a government job?
(CROSSTALK)
STEELE: Hold on. No, let me — let me — let me finish. That is a contract. It ends at a certain point, George. You know that. These road projects that we’re talking about have an end point.
As a small-business owner, I’m looking to grow my business, expand my business. I want to reach further. I want to be international. I want to be national. It’s a whole different perspective on how you create a job versus how you create work. And I’m — either way, the bottom line is…
STEPHANOPOULOS: I guess I don’t really understand that distinction.
STEELE: Well, the difference — the distinction is this. If a government — if you’ve got a government contract that is a fixed period of time, it goes away. The work may go away. That’s — there’s no guarantee that that — that there’s going to be more work when you’re done in that job.
STEPHANOPOULOS: Yes, but we’ve seen millions and millions of jobs going away in the private sector just in the last year.
STEELE: But they come — yes, they — and they come back, though, George. That’s the point. When they go — they’ve gone away before, and they come back.
Obama Selling and Leading on Stimulus
Really Creepy
Found this little photo at the Post. What is creepier than the sweaty fat Rush with Rumsfeld is the very creepy evil laughing guy behind him to the right. Just really creepy.
Sunday, February 8, 2009
The Players Are Almost in Place
I like Reid and some of what he has done to get us here but, at the end of the day, Reid does not have the leadership we need right now. We need a Rahm Emanuel of the senate but with a little better temperment for the country club of the senate. Someone who can forcefully get things dones instead of whining about 60 seats are needed to get things done.
The next leader of the senate needs to not fear holding the Repub's feet to the fire. Let them fillibuster a little more often. Use their obstructionist nature to paint a picture over the next several years. Not just for short term but long term. Someone who will create a narrative and plug that narrative of the Repubs that one day will need to be used in the future.
Don't wait 'til when you need it. Invest in it now and cash it in later.
The Erosion of the GOP
The is a slow erosion. A lot of people have said the 2006 election got Dems in control b/c the GOP screwed up, and I agree. But '08 and right now has put Dems in a drivers seat that could affect us for a generation. If they do well for the country, they will be winning a generation or more.
By contrast, the Repubs have built a system for themselves that, if not checked, will slowly erode them out of politics.
Here is another article showing their slow demise.
How Visuals Can Sometimes Suck
Well, hearing numbers and seeing data is never really easily digestable until it is placed in a picture and the graph above shows how bad it is right now while people squabble in Washington D.C.
The scarry part is that the green line is still pointing straight down. No bend in it yet. Kinda scarry.
Dems Might Need New Deal Image
Because this stimulus is being compared to, quite rightly, the new deal of FDR, they are trying to tarnish Obama in a round about way. McConnell recently said:
“But one of the good things about reading history is you learn a good deal. And, we know for sure that the big spending programs of the New Deal did not work. In 1940, unemployment was still 15%. And, it's widely agreed among economists, that what got us out of the doldrums that we were in during the Depression was the beginning of World War II."
This is very dishonest but par for the repub course. Don't like the history, make an alternative story. FDR's new deal was the backbone for getting out of the depression.
So, by going after the new deal, it is a side way to go after Obama. Or maybe at least by attacking the new deal, they can use a their false history as a reason why they aren't supporting it.
So it might be a in the dems advantage to prevent the repubs from tarnishing the new deal.