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Never Fear
Eschaton —
All we have to do to solve this is cut taxes just a little bit more.
Friday's Mini-Report
Political Animal —
... Today's edition of quick hits: * A surprisingly good day on Wall Street . Apparently, investors have more confidence in the Senate than I do. * Speaking of Wall Street, they appear to owe us about $78 billion . * President Obama will hit the road next week, traveling to Indiana and Florida in support of his economic stimulus package. * The Supreme Court's next session begins in two weeks, and Justice Ruth Bader Ginsburg plans to be there . * Chart of the day . * Speaker Pelosi is not at all pleased with some of the Senate's cuts to ...
Tentative Deal on Stimulus Announced
Suburban Guerrilla —
... CNN just said it on my teevee. $780 billion? Bah. The amount is not enough to work, and then the Democrats will get blamed for it. All around, a very bad compromise. ...
This Is Different
Balloon Juice —
Via memeorandum, this:
Sweet jeebus.
Where's that silhouette I'm trying to trace?
The Sideshow —
... And here's our situation. You have to understand that the conservatives aren't just trying to "undo the New Deal" - though of course they are - but ultimately to undo the recovery from the First Great Republican Depression by first preventing a recovery from their new one. And it looks like, with the help of Mr. Post-partisanship and his buddy Rahm, they will succeed. Because God forbid that the President of the United State and the Democratic leadership should go out and tell the public the truth about how regressive taxation (which is what we now have) sucks the life ...
It's not demagoguery
Political Animal —
... to the rate recorded by economists in 1938, during the ... yep. Demagoguery and scare tactics are about playing on people's fears to obtain power and/or execute an agenda. When Bushies sold the war in Iraq with rhetoric about smoking guns and mushroom clouds, that was demagoguery. Obama's fears about the economy are grounded, realistic, responsible and bolstered by facts. It's not reminiscent of what we saw during the Bush/Cheney years; it's the opposite . Indeed, in light of conditions like these , presidential warnings have probably been understated . jobs.gif As House ...
On the Stimulus
Booman Tribune —
... . That's the nature of a compromise. The important question is whether or not the stimulus bill will stop the economic free-fall we're experiencing. If it does, then this bill did what it was created to do. If it doesn't, we're in deep trouble because there is a limit to how much borrowing this country can do if the economy is not responding.
Midday Open Thread
Daily Kos —
... wing blog on the topic to see that the bullying of Labor Secretary Designate Solis gives the GOP the opportunity to engage in its now favorite pastime of Latino bashing. Republican Senators have been very adept at standing just far enough away from the anti-Latino insanity of its right wing while privately laughing about its effectiveness as an organizing tool in their oak paneled cloak rooms. The Nation has tips for action. How bad are job losses? This is one hell of a frightening graph. Unsurprisingly, ...
The Job-Loss Nosedive Chart
The Latest on Air America —
... and Swampland.) The blue and red lines show that after an initial dip in employment numbers in the 1990 and 2001 recessions, respectively, they gradually levelled out after a year or so. By contrast, the green line shows how, after 13 months of our current recession, the nosedive actually accelerates. Not pretty. Pelosi's office explains: ...
