After a year in the wild, a lion remembers the people who raised him.
President-elect Barack Obama promoted an economic plan Saturday he said would create 2.5 million jobs by rebuilding roads and bridges and modernizing schools while developing alternative energy sources and more efficient cars.
"These aren't just steps to pull ourselves out of this immediate crisis. These are the long-term investments in our economic future that have been ignored for far too long."
The government will begin doling out $125 billion to nine major banks this week as part of its effort to contain a growing financial crisis, a top Treasury official said Monday. Assistant Treasury Secretary David Nason said the deals with the nine banks were signed Sunday night and the government will make the stock purchases this week. The deals are designed to bolster the banks' balance sheets so they will begin more normal lending. The action will mark the first deployment of resources from the government's $700 billion financial rescue package passed by Congress on Oct. 3.
In point of fact, the dirty little secret of the banking industry is that it has no intention of using the money to make new loans.
read moreFirst, the $700 billion rescue for the economy was about buying devalued mortgage-backed securities from tottering banks to unclog frozen credit markets. Then it was about using $250 billion of it to buy stakes in banks. But reports surfaced that bankers might instead use the money to buy other banks, pay dividends, give employees a raise and executives a bonus, or just sit on it. Insurance companies now want a piece; maybe automakers, too, even though Congress has approved $25 billion in low-interest loans for them.
read moreThe masacre at Jenin was an Israeli massacre. The NYT's the so-called "bastion of liberal thought" and "document of record" ...Unfailingly one sided in it's support of Israel to the point of not reporting the Palestinian side with anything resembling journalistic neutrality...-- Spud
?? The NYT had originally reported that Israel was guilty of a massacre in Jenin. Power complained when they corrected themselves after Human Rights Watch reported otherwise:
Samantha Power: I have a question for David about working for the New York Times. I was struck by a headline that accompanied a news story on the publication of the Human Rights Watch report. The headline was, I believe: "Human Rights Report Finds Massacre Did Not Occur in Jenin." The second paragraph said, "Oh, but lots of war crimes did." Why wouldn't they make the war crimes the headline and the non-massacre the second paragraph?
Might be a reasonable question, except that
The article to which Power refers is here, and its headline is: "MIDEAST TURMOIL: INQUIRY; Rights Group Doubts Mass Deaths in Jenin, but Sees Signs of War Crimes."www.americanthinker.com
(cont'd)
This is a misrepresentation at best and an outright fraud at worst in Spud's uber-cynical opinion. -- #5 | Posted by dethspud
Ah, Spud, there you go again. I assume you believe anything reported by MSNBC, so I'll provide that source: today.msnbc.msn.com
The skinny is that she's a "loose cannon" but to Spud that's just DC-speak fer "speaks truth to power".
As her criticism of the NYT headline that corrected false reporting of an alleged Israeli massacre in Jenin demonstrates, Power has no interest in the truth. She's a zealot.
...She thinks American tax dollars that have gone by the billions to support the Israeli MIC woulda been better spent creating a viable Palestine.
When Americans voted for change, I don't think they meant that we should spend billions of dollars occupying a different set of countries than the Bush Administration chose to occupy.
Hillary, or more correctly her surrogates, did act shamefully in her over-heated showdown with BHO for the Dem Nom.
Uh, Spud, find me a quote from a Clinton advisor that stoops to the level of "She's a monster... You just look at her and think, Ergh'," michellemalkin.com
Sammy P simply wasn't aware that "off the record" in London don't mean the same thing as it does in the US with it's all too complient lapdog press.
Sammy P simply doesn't have the maturity to matriculate from the 4th grade, much less the judgment to be a foreign policy advisor.
Here's a transcript of the interview in which Power advocated a U.S. occupation of Israel: www.commentarymagazine.com
In another notable moment, she criticized the New York Times for its headline retracting previous coverage of an alleged Israeli massacre that, upon investigation by Human Rights Watch, never occurred:corner.nationalreview.com
Look. She's smart. She's also a fruitcake. I thought we were voting them out of office.
Money, there's been a weekend music thread for a while now...since before the election, at any rate.... -- #383 | Posted by American1st
Since at least early August. Nulli got me hooked back then.