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Nov 19, 2009 1 Comment ›› Pat Dollard

Politico: Sen. Joe Lieberman’s threat to filibuster any health care bill with a public option could kill health reform this year — and embolden Democratic challengers who’d like to send him packing in 2012. But Lieberman doesn’t seem worried. “I don’t think about that stuff,” Lieberman told POLITICO this week. “I’m just — I’m being a legislator. After ...

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Nov 19, 2009 3 Comments ›› Pat Dollard

Visit msnbc.com for Breaking News, World News, and News about the Economy

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Nov 18, 2009 8 Comments ›› Erik Wong

Reason: Congress recognizes no limits on its power. It doesn't care about the Constitution, it doesn't care about your inalienable rights. If this health care bill becomes law, America, life as you have known it, freedom as you have exercised it, and privacy as you have enjoyed it will cease to be. Last week the House ...

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Nov 18, 2009 3 Comments ›› Erik Wong

Fox News: The Senate's version of President Obama's sweeping health care plan would cost $849 billion, according to a preliminary estimate by the Congressional Budget Office. The bill would expand health care coverage to more than 94 percent of Americans, and cut the federal deficit by $127 billion over the first 10 years and as much as ...

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Nov 18, 2009 2 Comments ›› Pat Dollard

New York Times: New home construction slowed unexpectedly in October to the lowest level in six months, the Commerce Department said Wednesday, resurrecting fears that the housing market may be slow to recover. A separate report showed consumer prices inched upward in October, but not enough to make inflation a concern even as the dollar weakened and ...

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Nov 18, 2009 11 Comments ›› Pat Dollard

BEIJING, Nov 18 (Reuters) - President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession. With the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration ...

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Nov 18, 2009 4 Comments ›› Pat Dollard

BEIJING (AP) - President Barack Obama says creating jobs isn't the goal of a coming White House forum on jobs and economic growth. The president told NBC News on Wednesday that the purpose of the Dec. 3 summit is to figure out how to encourage hiring by businesses still reluctant to do so. The U.S. unemployment rate ...

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Nov 18, 2009 1 Comment ›› Pat Dollard

Politico: “Ping-pong” might be too difficult. Reconciliation, too partisan. But as Democrats look for a way to speed up the health reform debate, a mini-conference modeled after the stimulus bill negotiations might be what works. With the president’s year-end deadline for health care reform looming, congressional Democrats know they’ll almost certainly have to short-circuit the legislative process to ...

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Nov 18, 2009 4 Comments ›› Pat Dollard

Wall Street Journal: Senate Democratic leaders said Tuesday they would put off debate on a big climate-change bill until spring, in a sign of weakening political will to tackle a long-term environmental issue at a time of high unemployment and economic uncertainty. Legislation on health care, overhauling financial markets and job creation will be considered before the ...

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Nov 17, 2009 8 Comments ›› Pat Dollard

ABC News: Here's a stimulus success story: In Arizona's 15th congressional district, 30 jobs have been saved or created with just $761,420 in federal stimulus spending. At least that's what the Web site set up by the Obama administration to track the $787 billion stimulus says. There's one problem, though: There is no 15th congressional district ...

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Nov 16, 2009 2 Comments ›› Erik Wong

The Washington Post: There is an air of absurdity to what is mistakenly called "health-care reform." Everyone knows that the United States faces massive governmental budget deficits as far as calculators can project, driven heavily by an aging population and uncontrolled health costs. As we recover slowly from a devastating recession, it's widely agreed that, though ...

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Nov 16, 2009 5 Comments ›› Erik Wong

ABC News: The Obama administration, under fire for inflating job growth from the $787 billion stimulus plan, slashed over 60,000 jobs from its most recent report on the program because the reporting outlets had submitted "unrealistic data," according to a document obtained by ABC News. The Office of Management and Budget document shows that before an ...

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Nov 13, 2009 5 Comments ›› Erik Wong

Politico: President Barack Obama plans to announce in next year's State of the Union address that he wants to focus extensively on cutting the federal deficit in 2010 – and will downplay other new domestic spending beyond jobs programs, according to top aides involved in the planning. The president's plan, which the officials said was under discussion ...

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Nov 12, 2009 6 Comments ›› Erik Wong

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Nov 12, 2009 1 Comment ›› Erik Wong

Times Online: At least 37 BBC executives earn more than the Prime Minister, it was revealed yesterday, as the corporation disclosed the scale of its senior salaries for the first time. The broadcaster said that its 107 “most senior decision makers” earn £22 million a year and said that the disclosures made it the nation’s most transparent ...

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Nov 12, 2009 5 Comments ›› Erik Wong

FrumForum: At a gathering last night of intelligent young conservatives, I was defending the point that the TARP and some kind of fiscal stimulus had been absolutely essential last year – that otherwise the world economy might have plunged into Depression – and that conservative organizations like the Heritage were right and courageous to have supported ...

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Nov 12, 2009 6 Comments ›› Erik Wong

CBS: Pembroke, IL. - If you think the recession has hit hard where you live, consider the little Northern Illinois town where almost half the working age adults are out of work. It's called Pembroke. CBS2's Mike Parker reports. Imagine a community so deep in the hole, the government has fired the police force and closed ...

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Nov 12, 2009 1 Comment ›› Pat Dollard

Telegraph: Barrick shuts hedge book as world gold supply runs out Aaron Regent, president of the Canadian gold giant, said that global output has been falling by roughly 1m ounces a year since the start of the decade. Total mine supply has dropped by 10pc as ore quality erodes, implying that the roaring bull market of the ...

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Nov 12, 2009 1 Comment ›› Pat Dollard

McClatchy: WASHINGTON — As job losses continue to slow the nation's economic recovery, labor experts and economists are urging Congress and the Obama administration to boost funding for a little-known program that 17 states are using to avert layoffs and keep workers in their jobs. Mass layoffs of 50 or more employees claimed 278,000 jobs in ...

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Nov 12, 2009 2 Comments ›› Pat Dollard

Reuters: Gluskin Sheff economist David Rosenberg, formerly of Merrill Lynch, thinks the unemployment rate is going to at least 12 percent, maybe even 13 percent. Optimists, Rosenberg explains, underestimate the incredible damage done to the labor market during this downturn. And even before this downturn, the economy was not generating jobs in huge numbers. If he ...

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Nov 11, 2009 4 Comments ›› Erik Wong

Land Of The Free: More so than any other time in our history, Americans are beginning to believe there are no solutions to the many crises that we are experiencing. Even on a local level, which is often cushioned from the national difficulties of excess spending, a drastically increasing deficit and a larger percentage of our ...

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Nov 11, 2009 7 Comments ›› Pat Dollard

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Nov 11, 2009 2 Comments ›› Erik Wong

I meant what I said and I said what I meant. An elephant faithful, one hundred percent. Not a donkey, mind you. An elephant. The Washington Examiner: Perhaps you haven't heard about California's big screen television ban. This plan has been hatched by the unelected California Energy Commission, which will decide on Nov. 18 whether to ban ...

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Nov 11, 2009 4 Comments ›› Pat Dollard

Washington Times: An insurance plan championed by Sen. Edward M. Kennedy that would help elderly or disabled people avoid nursing homes ironically adds yet another sticking point to the comprehensive health care reform plans for which the Massachusetts Democrat fought through much of his career. The Community Living Services and Support (CLASS) Act is designed to help ...

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Nov 10, 2009 1 Comment ›› Pat Dollard

Politico: Senate Majority Leader Harry Reid (D-Nev.) doesn't have a health care bill, cost estimates or 60 votes to pass it - but he said Tuesday that he does expect to begin a floor debate next week on the legislation. Reid also said he will deliver a final bill to the president by Christmas, meeting the White ...

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