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google.com - 11/22/2008

AFP: New Senate to get major global warming bill

— google.com — 22 hours ago WASHINGTON (AFP) The US Senate will take up two sweeping global warming bills in January, in the latest sign that Barack Obama's election could quickly reverse years of US footdragging on climate change. Democratic Senators, openly ... (more) AFP: New Senate to get major global warming bill

White House

U.S. Army

Barack Obama

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oxdown.firedoglake.com - 11/20/2008

Will Henry Paulson Sink Detroit?

— oxdown.firedoglake.com — Henry Paulson's main claim to fame is getting just about everything wrong in his tenure as Treasury secretary. However, he now stands to gain lasting notoriety as the person who destroyed the domestic U.S. auto industry, and the economies of the ... (more) Will Henry Paulson Sink Detroit?

Comments vote downundo vote up Firedoglake found this 11/20/2008found this

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meganmcardle.theatlantic.com - 11/26/2008

Another way to think about Paulson

— meganmcardle.theatlantic.com — A friend IM's:  "For all those salivating at the thought of a second New Deal, this is what 'bold, persistent experimentation' looks like -- kinda  messy."  Indeed.  My question:  will consumer confidence be bolstered more by ... (more) Another way to think about Paulson

Comments vote downundo vote up Instapundit found this 11/26/2008found this

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When The Going Gets Tough …
Jules Crittenden — ... : Frank’s irritated, but Paulson doesn’t want to encourage banks to foreclose. AFP : Paulson rules out fed bailout for auto industry. “The rescue package was not intended to be an economic stimulus or an economic recovery package; it was intended to shore up the foundation of our economy by stabilizing the financial system.” ...

Paulson Rules Out Using Bailout Money to Assist Auto Industry
Ace of Spades HQ — ... but at east he gets this one right: Treasury Secretary Henry Paulson Tuesday defended a massive financial rescue in the face of criticism from lawmakers and a top US official wanting to use it to shore up the battered economy. The 700 billion dollar Troubled Asset Relief Program (TARP) "is not a panacea for all our economic difficulties," Paulson told a hearing of the House of Representatives Financial Services Committee. "The rescue package was not intended to be an economic stimulus or an economic recovery package; it was intended to shore up the foundation of our economy ...

Paulson Says The Banking System Is ‘Stabilized,’ Then Citigroup Loses Half Its Value In Four Days
Wonk Room — ... at the banking system, provide assurances that everything is going as planned, and refuse to use TARP funds for addressing anything outside of the financial sector. On NPR today, Sen. Chris Dodd (D-CT) called Paulson’s refusal to help homeowners facing foreclosure the “ ...