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hotair.com - 12/6/2008

Obama’s New Old Deal

— hotair.com — Read this post » (more) Obama’s New Old Deal

White House

Barack Obama

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nytimes.com - 12/9/2008

Auto Bailout Deal Appears to Be Likely by End of the Day

— nytimes.com — An agreement between the White House and Congressional Democrats over the shape of a rescue plan appears... imminent. > (more) Auto Bailout Deal Appears to Be Likely by End of the Day

Bud Day

General David Petraeus

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inthesetimes.com - 12/5/2008

Saying “No Deal” to This New Deal -

— inthesetimes.com — Views October 3, 2008 Web Only Saying “No Deal” to This New Deal By David Sirota The... marriage of American capitalism and democracy has always been a Pamela Anderson and Tommy Lee affair — stormy and erratic since its hasty wedding. But during the ... (more) Saying “No Deal” to This New Deal -

Congress

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MICKEY KAUS: The trouble with the bailout deal. To me it looks like Fannie Mae as a model for, wel…
Instapundit — MICKEY KAUS: The trouble with the bailout deal. To me it looks like Fannie Mae as a model for, well, everything . . . . ...

"How is the government going to 'get its money back' if the [auto bailout] money has been spent and the firms are bankrupt?"
Althouse — Mickey Kaus asks. 1) How is the government going to "get its money back" if the money has been spent and the firms are bankrupt? Only by liquidation, it would seem. So does the bailout deal eliminate the option of restructuring (as an ongoing enterprise) under the aegis of the bankruptcy court? Either the firms are saved under the "czar," or they are liquidated, apparently. 2) The big "stick" is to kill the firms, then. Isn't that too big a stick? Like a nuclear weapon is too big a stick? Come April 29th, if ...

Answer to Mickey Kaus
Overlawyered — ... , and the various goodies a half-dozen other constituencies want to hold on to, is the whole point of structuring the bailout the way Congress is structuring it. You’re welcome. (Dec. 11) ...

Unfortunately, Only A Special Prosecutor Will Suffice
Riehl World View — ... Rezko is talking to the Feds and at the least, Obama has been imprecise with his statements regarding his contact with Blagojevich post-election. ...

"Poetry's important when everything is going to hell."
Stubborn Facts — From Althouse, in response to Mickey Kaus' thoughtful questions on the auto industry bailout.

MICKEY KAUS: “Hierarchy Recalibration! Let the record show that Rod Blagojevich, sitting governor o…
Instapundit — ... MICKEY KAUS: “Hierarchy Recalibration! Let the record show that Rod Blagojevich, sitting governor of Illinois, the fifth largest state in the union, was apparently willing to sell a U.S. Senate seat and his soul, and abandon his office, for a job paying less money ($250,000-$300,000) than is made by several hosts on National Public Radio.” In Blagojevich’s defense, the soul was used, and in poor condition. ...