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| __________________ Phony Beatlemania has bitten the dust! |
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| Quote: __________________ Love, Your Favorite African-American Renter ----------------------------------- The word for today is REPARATIONS |
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| By NAFTALI BENDAVID WASHINGTON -- Democratic leaders are increasingly concerned that they won't be able to offer an economic stimulus package for congressional debate until late January because they haven't received a plan from President-elect Barack Obama's transition team. Democrats initially had hoped to unveil details of the economic recovery package this week and to pass it by Inauguration Day, Jan. 20, so it would be ready for Mr. Obama's signature soon after his swearing-in. Estimates are that the plan will call for spending as much as $850 billion over two years. "The weak economy demands quick action, and that is our intention," House Majority Leader Steny Hoyer (D., Md.) said in an interview Tuesday. "But significant work remains to be done. We need to do this right and make wise investments, plus members and the public need time to review it. So the timing very well may slip." Rep. David Obey (D., Wis.), chairman of the House Appropriations Committee, added, "I had been hoping that the timetable would be this week" for having a proposal in hand. But Mr. Obey said Mr. Obama's team, which recently met with congressional committee leaders, is still determining the details of the package it wants. "The Obama people are still trying to chew through all of that, to decide what they think works and what doesn't at this stage," Mr. Obey said. Once Mr. Obama's aides come up with a package, he added, congressional Democrats will have to negotiate with them over the details. "First we've got to have some signals called by Obama," Mr. Obey said. "It's hard to negotiate with somebody if the other party hasn't decided what they want out of the negotiations." Mr. Obey conceded that Mr. Obama's team is having to absorb an enormous amount of information in a limited time. "I know the people involved, and they are very talented people. And you will not find anybody who works harder than they do," he said. Stephanie Cutter, a spokeswoman for Mr. Obama's transition team, said, "We're making progress on the plan, and will continue to work with members of Congress to enact it as soon as possible." Mr. Obama himself has never laid down a timetable for the economic recovery plan. And while an Obama proposal hasn't gone to Capitol Hill, officials from the transition team have been in regular contact with congressional leaders to hash out various aspects of the stimulus plan. One of the Democrats' concerns is that when the Obama team does deliver a plan, it might not contain much detail. If it is a broad overview, congressional leaders will have to scramble to flesh it out into a workable piece of legislation. Democratic leaders plan to bring the package to the House floor without passing it through committees, as is the usual practice. "Waiting for a long congressional process -- everybody that I've talked to says that's not an acceptable alternative," said Mr. Hoyer. "I don't think we can afford to do that." Republicans, meanwhile, are cautioning that Congress shouldn't rush into such a huge spending commitment without time for debate and for crafting safeguards to assure the money is well spent. And Republicans have enough votes in the Senate to slow action. __________________ "If you can read this, thank a teacher. And since it's in English, thank a soldier." |
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Cops: New York dealers sold heroin branded with president's name JANUARY 23--Add heroin to the scores of products that have been branded with President Barack Obama's name. Cops in upstate New York this week broke up a drug ring that allegedly sold heroin under several brand names, including "Obama." As seen in Sullivan County Sheriff's Office photos, the president's surname was stamped in red ink on small glassine wrappers that were peddled by street dealers. Investigators arrested five suspects for their alleged roles in the narcotics distribution activity. The branding of illicit drugs is a favorite of pushers, who have previously sold bin Laden heroin, Harry Potter Ecstasy, bricks of Teletubbies cocaine, and green-tinted crack in recognition of St. Patrick's Day. __________________ "If you can read this, thank a teacher. And since it's in English, thank a soldier." |
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The A.I.G. Financial Products affiliate of A.I.G. gave out $136,928, the most of any AIG affiliate, in the 2008 cycle. I would note that A.I.G.’s financial products division is the unit that wrote trillions of dollars’ worth of credit-default swaps and "misjudged" the risk. The Washington Post reports a "mob effect" at A.I.G financial products division: A tidal wave of public outrage over bonus payments swamped American International Group yesterday. Hired guards stood watch outside the suburban Connecticut offices of AIG Financial Products, the division whose exotic derivatives brought the insurance giant to the brink of collapse last year. Inside, death threats and angry letters flooded e-mail inboxes. Irate callers lit up the phone lines. Senior managers submitted their resignations. Some employees didn't show up at all. With the anger and rage that is being exhibited against A.I.G., perhaps the bonuses Obama received from A.I.G. explain Obama's A.I.G crocodile tears. Now that the Wall street Journal has revealed that A.I.G. paid bonuses of $1 million or more to 73 employees, it's time to ask if recipients of A.I.G. "bonuses," including President Obama, will give what now ought to be taxpayer money back? __________________ "If you can read this, thank a teacher. And since it's in English, thank a soldier." |
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"The A.I.G. Financial Products affiliate of A.I.G. gave out $136,928, the most of any AIG affiliate, in the 2008 cycle. I would note that A.I.G.’s financial products division is the unit that wrote trillions of dollars’ worth of credit-default swaps and "misjudged" the risk." Rick commented on the same places writing "This wasn't a "bonus", it was a political contribution. Also, the contribution likely came earlier in the election cycle, before the bailout. Republicans take contributions from corporations too, at least they did when they were in power, now they can't really help anyone." Sincere the Examiner already reports this news, it would be very good if someone from the Obama administration responded to that and explained what was the payment that his campaign allegedly received from AIG. We emailed Obama's campaign manager David Plouffe asking for a clarification on Examiner's report, but have not heard from him yet. |
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The terms of the book deal were disclosed in a Senate financial disclosure report filed Tuesday. Analysts say there don't appear to be any rules that would bar such transactions after a president takes office, but it's unclear whether an incoming or sitting president has ever signed a book deal upon entering the White House. "I don't recall any sitting president entering into a book deal," said campaign finance lawyer Jan Baran, former general counsel to the Republican National Committee. "They all have historically done that after they leave office. "I recall the only ones who did sign book deals while living there were first ladies, and my recollection is they gave it to charity." Mr. Obama approved the $500,000 advance on Jan. 15. The advance is against royalties under a deal with Crown Publishing, a division of Random House. The project calls for an abridged version of his book "Dreams From My Father" for middle-school-aged children, according to the disclosure. A White House aide said that the deal had been in the works for weeks and that the publisher will abridge the book. The aide, speaking on a condition of anonymity, said the publisher will get half of the money while Mr. Obama will sign off on the final version. In addition, the financial disclosure showed Mr. Obama brokered an amendment to an existing book deal with Crown Publishing to put off writing a nonfiction book until after he leaves office. The book deal came on top of nearly $2.5 million in book royalties paid to Mr. Obama last year for "Dreams From My Father" and "The Audacity of Hope," according to the Senate report, which was filed by Robert F. Bauer, who served general counsel to Mr. Obama's presidential campaign. __________________ "If you can read this, thank a teacher. And since it's in English, thank a soldier." |
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| Perhaps so, but have you seen GWB bloviating all over television about the bonuses? Neither have I. It isn't the bonuses that smell, it's the hypocricy and timeline of Obama and his footsoldiers. |
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Bush and Congress passed a bailout that included money to AIG. Obama took office. Obama signed Bush's bailout. AIG gave bonuses to staff with bailout money. Obama and congress taxed the bonuses. Did I miss anything? Lots of mistakes by lots of people, no one to blame, everyone to blame, problem fixed. |
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