Submit a Story!

Use bailout balance to buy financial firms' toxic assets, Bernanke urges

 

Published 1/14/2009 at L.A. Times - Politics

The Fed chairman says Obama's nearly $800-billion stimulus plan can't repair the nation's damaged economy by itself. > Federal Reserve Chairman Ben S. Bernanke warned Tuesday that President-elect Barack Obama's nearly $800-billion fiscal stimulus plan can't repair the nation's damaged economy on its own. (link)

Tags:

Related Content
Activists Maintain Bush Special Prosecutor Correct Approach In Light Of Televised Obama Response
onthehillblog.blogspot.com 1/13/2009 — A group of Democratic activists is maintaining that a special prosecutor to investigate President Bush for his activities in office after President-elect Barack Obama responded to the issue on television.
Treasury nominee says he failed to pay taxes
msnbc.msn.com 1/14/2009 — President-elect Barack Obama's choice to run the Treasury Department and lead the economic rescue effort disclosed to senators Tuesday that he failed to pay $34,000 in taxes from 2001 to 2004, a last-minute complication in an otherwise smooth path ...
Condoleezza Rice Bedeviled by Bush Again
taylormarsh.com 1/14/2009 — BY TAYLOR MARSH Have Israel’s politicians lost their collective mind? Banning Arab parties in the upcoming election ? Stunning. ...and incredibly stupid. The good news is that it actually ...
L.A. TIMES: Obama’s Treasury secretary owed $26G’s in taxes, but it’s O.K. I don’t think this is t…
pajamasmedia.com 1/14/2009 — L.A. TIMES: Obama’s Treasury secretary owed $26G’s in taxes, but it’s O.K. I don’t think this is that big a deal, but I can’t help but feel that if he were a Republican nominee it would be treated as a bigger one . . . ...
Conyers introduces bill creating commission to investigate Bush’s torture and wiretapping policies.
thinkprogress.org 1/14/2009 — TPM notes that House Judiciary Chairman John Conyers (D-MI) has introduced legislation setting up a National Commission on Presidential War Powers and Civil Liberties. The panel’s goal is to “establish a Blue Ribbon Commission comprised ...
Obama Chameleon — GayPatriot
Hannity And Guest Tell Us Lincoln Was A Neo-Con — News Hounds
Hannity And Guest Tell Us Lincoln Was A Neo-Con (And Obama Hates America) — News Hounds
Today’s Pass —
Those clouds are having a tough time parting — QandO
Bernanke: More bank bailouts needed — CNN Political Ticker 1/13/2009
Bernanke says more bailouts are needed. NEW YORK (CNNMoney.com) — Federal Reserve Chairman Ben Bernanke said Tuesday that President-elect Barack Obama's proposed fiscal stimulus package could help the economy, but he added that additional ...
Retooling Obama's campaign machine for the long haul — L.A. Times - Politics 1/14/2009
The vast network that helped elect Obama will be tapped to lobby lawmakers on behalf of the president, with an eye toward reelection. A service organization as a nonprofit arm is also considered. >  ...
Treasury nominee faces tax questions — L.A. Times - Politics 1/14/2009
Timothy F. Geithner also employed a housekeeper whose work papers had expired. A key senator says the confirmation hearing will go forward. >  ...
Struggling states cut healthcare for poor before Obama can bolster coverage — L.A. Times - Politics 1/14/2009
The unprecedented reductions come as millions are losing their jobs and insurance. They are so steep that the federal rescue package may not be able to revive them. >  ...
Democrats push Obama for smaller tax cut in stimulus package — L.A. Times - Politics 1/14/2009
The president-elect would devote 40% of the $775 billion to give taxpayers a break, but his party is urging him to put more into roads, bridges and other projects. >  ...