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Sowell: Economic “Crisis” Opportunity For Politicians To Fundamentally Change A Successful Economy
Flopping Aces —
... …On Wall Street, financial crisis destroys jobs. Here in Washington, it creates them. The rest is just details.
And just as Obama said he “will hit the ground running,” so is the next act in this power struggle:
Together, the programs from the Federal Reserve and the New York Fed aim to dump $800 billion in additional funds into the struggling U.S. economy, more than Congress approved in October for a bailout of the nation’s banks and Wall Street firms.
What’s another 800 billion ...
"Line By Line"
The Daily Dish | By Andrew Sullivan —
... Every Republican primary season, we are told by every candidate that he or she will go through the budget with a tooth-comb and eliminate waste. And after eight years of insane Republican spending and borrowing, it takes a terrorist commie radical to say it after he gets elected. We'll see, of course. But if Obama does it, he will be second only to Bush in destroying the GOP as a fiscally conservative brand. ...
BREAKING NEWS: Gates to remain at Pentagon
The Reaction —
By Michael J.W. Stickings CNN: Several officials close to President-elect Barack Obama's transition tell CNN that Defense Secretary Robert Gates is expected to stay on the job for at least the first year of the new administration. One source called it "all but a done deal" that the announcement could come as early as next week. "It's now pointing in that direction," one of the sources close to the transition said of Gates being part of ...
Gates Likely to Stay Defense Secretary
PoliGazette —
... Not that I’m sure anybody is surprised by this at this point (perhaps except the far-left hoping Obama might change his mind), but it is looking increasingly likely that current Defense Secretary Robert Gates will hold his job for at least another year, according to CNN. ...
Gates As Obama Defense Chief: Another Centrist Obama Administration Sign
The Moderate Voice —
The clearly leaked news that Bush administration Secretary of Defense will likely stay on in the same post in President Barack Obama’s administration is yet one more sign that the incoming Obama administration will be centrist and will put a high premium on bipartisan cooperation.
Just as the soon-to-be-announced selection of Senator Hillary Clinton as Secretary of State sent a message, so does the selection of Gates, a longtime Washington veteran who served four Presidents of both political parties. In fact, it sends several messages:
MESSAGE ONE: Obama will chart a centrist course and ...
Gates to Stay on as SecDef
Shakesville —
Change schmange: Several officials close to President-elect Barack Obama's transition tell CNN that Defense Secretary Robert Gates is expected to stay on the job for at least the first year of the new administration. One source called it "all but a done deal" that the announcement could come as early as next week. ...[A second] source noted that Gates could stay for longer than a year if he and Obama end up working well together.Pros: Continuity—there are two wars going on; keeping Gates on will make Obama's transition into the Oval Office easier, especially when the economy will be demanding so much of his ...
Gates at the Pentagon (and What It Says About Obama)
The Moderate Voice —
As you’ve surely heard by now, it looks as though Obama will ask Defense Secretary Robert Gates to remain at the Pentagon for at least a year, if not longer. We’ll see if the anonymous sources are right. I suspect they are. This has been rumoured for some time, after all, and, as far as I know, no other names (e.g., Nunn) have been leaked or floated.
As I put it a couple of weeks ago, this is not change I can believe in. Why? Because it’s not change at all. Yes, I understand that Obama wants continuity and stability, but Gates is a long-time member of the Republican foreign, military, and intelligence establishment ...
