Monday, November 24, 2008
Friday, November 21, 2008
Rachel Maddow: Nobody wants the car makers to fail, but is giving them $25 billion just staving off the inevitable?Sen Stabenow: Well, I believe, first of all, that we can't allow them to fail because part of our energy future are those hybrid plug-in vehicles that will frankly get us off foreign oil much faster than drilling and when we look to the future in terms of manufacturing whether it's defense, whether it's aerospace, whether it's a multitude of other industries, autos are an incredibly important part of that and, you know, one out of ten people right now work directly or indirectly for the auto industry, so this is about American jobs and I really think it's about the backbone of the middle class. So, do I think that everything will be fine after a $25 billion loan? No, I think there are some tough times ahead, but we've got to help them get through a credit crunch that is facing the world. Canada's helping their auto makers, Europe is helping their auto makers because of the credit crunch. We need to get them with a bridge loan, and as the author of the re-tooling loans to green the auto industry, I'm very focused on ensuring that we move to the green technologies. The great news is that the incoming president is also interested and very committed to doing that. So I believe that that is going to happen.
Thursday, November 20, 2008
I flipped on CNN just now and heard the reporter finishing her story with that line, "This is one complicated mess. The next president will certainly have his hands full."
Thursday, November 13, 2008
From Megan McArdle's site, one commenter,Will Allen, has nailed it:
One of the irritating features of discussions regarding this topic is how often protectionists describe the Chrysler bailout of nearly thirty years ago as being a "success", because the money was paid back with interest. The reality is that Chryler's failure [would have been] the best way to spur GM and Ford to fundamentally change their business model, and for the UAW's remaining membership to understand why the existing relationship with management was not viable in the long term.
Wednesday, November 12, 2008
Saturday, November 08, 2008
If [White Sox] general manager Ken Williams has his wish, it will be with the Sox, filling a huge vacancy after Crede's expected departure.
There's a reason the South Side is becoming the new Little Havana; Williams first acquired Jose Contreras midway through the 2004 season, then signed Cuban defector Alexei Ramirez last offseason.
Friday, November 07, 2008
After ten straight months of job losses, the NBER's head of the recession dating committee stated the obvious - the US economy is in a recession. Looking on the bright side, though, by the time the NBER typically announces that a recession began, it is usually close to or already over.
"[Emanuel] is a Sharp guy who will run a tight ship.
Very good sign, in my mind.
You want sharp elbows in that spot.
Yes, the GOP will complain. What else is new?
Summers as Treasury
Kerry as State
Hagel as Def (Gates won't stay)
Danzig as Nat Sec Adviser
Hamre as DNI
Susan Rice at UN
Please, no Powell! Be a man, Barack!"
Wednesday, November 05, 2008
It was largely noneconomic issues. These particular students told me they preferred the lower tax, more limited government, freer trade views of McCain, but they were voting for Obama on the basis of foreign policy and especially social issues like abortion. The choice of a social conservative like Palin as veep really turned them off McCain.The future is brighter than I thought.
"I'm interested in all these questions of foreign policy and national security," Williams told the New York Times on Tuesday night while watching the election returns from the GM Meetings in Dana Point, Calif. "In between his games, shooting a couple of baskets, [Barack Obama] asks me, 'What about your pitching?' I said, 'Excuse me, you worry about national security, I'll worry about the pitching.' "
Tuesday, November 04, 2008
Lump in my throat.
Sunday, November 02, 2008
A short four years ago, Barack Obama was running for Senator in Illinois against the anemic Alan Keyes who was placed on the Republican ticket at the last minute due to a sex scandal involving Senator Jack Ryan and his wife, actress Jeri Ryan. Remember?
Saturday, November 01, 2008
Her campaign said they would release her records, but now it's 4 days to go... and nothing. Is there something to hide? Or are they obfuscating just to be Cheney-esque?