We are the Liberal Blog From Hollywood
L.A.'s Premier Post Facility

L.A.'s Premier Post Facility

Photographer in L.A.

Hot Pics & Gossip.

Archive for January 13th, 2009

Obama Says He’ll Spend Some Bailout Money on Homeowners

Posted in Main Blog (All Posts) on January 13th, 2009 5:37 am by HL

Obama Says He’ll Spend Some Bailout Money on Homeowners

With half of the $700 billion in TARP funds already spent and not a whole lot to show for it, Barack Obama has pledged to spend the second parcel differently, with at least some of the money going to desperate homeowners. President Bush has agreed to request the funds on Obama’s behalf in order to expedite the process.


AP via Google:

Seeking to reassure wary lawmakers, President-elect Barack Obama said Monday he will fundamentally change the way the second half of the $700 billion financial bailout fund is spent, focusing some of the relief on housing and small businesses.

Obama asked President George W. Bush to submit a request to Congress so that the remaining $350 billion would be available quickly after the inauguration next Tuesday. Bush agreed to do so.

Read more

READ THE WHOLE ITEM

Related Entries

Bush Gears Up for Farewell Speech

Bush at the White House

Although it may seem like ages since the election made it official, President Bush really is leaving the White House, and he’s preparing to say goodbye to the American people in a televised speech on Thursday. Judging from this Fox News report, Bush is striking a defiant pose to the end.


Fox News:

White House press secretary Dana Perino said Bush will use the opportunity to reflect on his past eight years in office and discuss the challenges that lie ahead for the next administration.

Speaking at his last press conference before leaving office on Monday, Bush urged President-elect Barack Obama not to fall prey to critics. He discussed his time in office, admitting some aspects “didn’t go according to plan” when it came to the Iraq war but asserting that the United States’ reputation is still strong.

Read more

READ THE WHOLE ITEM

Related Entries


Rule Prevents Chicago Brewer From Bringing Obama-Requested Beer To Inauguration

Posted in Main Blog (All Posts) on January 13th, 2009 5:36 am by HL

Rule Prevents Chicago Brewer From Bringing Obama-Requested Beer To Inauguration
Piece Brewery & Pizzeria’s celebration plans are bittersweet. Mr. Obama asked the Bucktown restaurant to send its InaugurAle brew to the inauguration. But owner Bill…

FCC Commissioner Julius Genachowski: Obama Selects Former Harvard Classmate
U.S. President-elect Barack Obama has selected Julius Genachowski, a technology executive and former classmate from Harvard Law School, to lead the Federal Communications Commission, a…

Clinton Aims To Restore State Department’s Clout
WASHINGTON — Sen. Hillary Clinton, whose confirmation hearing as secretary of state begins Tuesday, is aiming to re-establish the State Department as the lead agency…

Chris Weigant: Bush’s Final Press Conference
President George Bush gave his final press conference today. Lest I be accused of “Bush Derangement Syndrome,” I’m reproducing some of the most interesting answers…

Phil Bronstein: Bush and Cheney Mosey Off Into the Sunset, Cowboys Till the End
For all the frat boy smirking and righteous indignation about policies that even he now admits could have used a little more work, George Bush is not someone unmarked by his own presidency.


A Populist Prairie Fire From the Right?

Posted in Main Blog (All Posts) on January 13th, 2009 5:35 am by HL

A Populist Prairie Fire From the Right?
Every few generations in America, we go through a “creedal passion period,” the late political scientist Samuel P. Huntington taught. Like the Great Awakening of the 1740s and the 1960s cultural revolution, these are times of great unrest when the morally outraged masses react against a perceived violation of the American “creed.” “Power is now seen as corporate. So the next outburst of creedal passion may be against hegemonic corporate capitalism,” the professor prophesied in 2001. Don’t be surprised if 2009 is the year that the creedal-passion dam gives way and a new populism arises to wash away many conventional assumptions about American politics – and come the 2010 elections, many conventional politicians.


Obama On Probing Bush GWOT Policies: “We Need To Look Forward”

Posted in Main Blog (All Posts) on January 13th, 2009 5:34 am by HL

Obama On Probing Bush GWOT Policies: “We Need To Look Forward”
It looks like an ambitious new effort to set up an investigation of President Bush and his top aides for potential crimes committed on their watch may have a had time getting traction. As we reported last week over at…

Warren On Tracking Bailout Funds: “This Isn’t Rocket Science”
During her interview on CNN, Elizabeth Warren got to spend a little less time dealing with inane knee-jerk responses from anchors, and a little more time explaining the crux of the issue: that the Treasury Department isn’t tracking its bailout…


10 Big Goals for Obama’s First 1,460 Days

Posted in Main Blog (All Posts) on January 13th, 2009 5:32 am by HL

10 Big Goals for Obama’s First 1,460 Days
If Obama wants to be credited with inspiring an era of progressive governance we have to push him to adopt a really bold agenda.

What It Was Like Being Forced to Leave Palestine 60 Years Ago
Palestinian expats tell their stories from decades ago when they were forced to flee their homeland.

The Nouveau Poor Have Reached Numbers Too Large to Ignore
As the poor and the formerly middle-class become the new American majority, will they finally have enough status to get their needs met?

10 Big Goals for Obama’s First 1,460 Days
If Obama wants to be credited with inspiring an era of progressive governance we have to push him to adopt a really bold agenda.

Pro-Israel Rally Attended by Big-Time NY Dems Descends into Calls for ‘Wiping Out’ Palestinians
Attendants of a rally attended by Sen. Chuck Schumer and Gov. David Paterson in support of Israel’s attacks on Gaza went far beyond the pale.


The Eye of Google

Posted in Main Blog (All Posts) on January 13th, 2009 5:31 am by HL

The Eye of Google
It’s telling that Randall started off the discussion by talking about the lag time between turning his finalized manuscript in to the publisher and seeing it in print. It’s a common problem in writing about computer technology; everything you want…

No Other Option?!
I watch in shock, like the rest of the world, at the appalling death and destruction being wrought on Gaza by Israel; and still it does not stop. Meanwhile, we see a seemingly never-ending army of well-prepared Israeli war propagandists,…

On Silence In The Face of the Death Of 250 Children in Gaza
Actually, not everyone is silent. Some of us are quite vocal (lot of good it does!). But what about the others? It’s simple really. Human beings are not silent in the face of the death of children. They are silent…






ThinkFast: January 12, 2009

Posted in Main Blog (All Posts) on January 13th, 2009 5:30 am by HL

ThinkFast: January 12, 2009
President Bush has “presided over the weakest eight-year span for the U.S. economy in decades. … The number of jobs in the nation increased by about 2 percent during Bush’s tenure, the most tepid growth over any eight-year span since data collection began seven decades ago.” Additionally, Americans’ incomes grew “more slowly than in any […]

ap080124023393.jpg

President Bush has “presided over the weakest eight-year span for the U.S. economy in decades. … The number of jobs in the nation increased by about 2 percent during Bush’s tenure, the most tepid growth over any eight-year span since data collection began seven decades ago.” Additionally, Americans’ incomes grew “more slowly than in any presidency since the 1960s, other than that of Bush’s father.”

It does look like a great eight years, aside from the last quarter, unfortunately,” said Ed Lazear, chairman of Bush’s Council of Economic Advisers. “In the long term, things look good. The reason things look good is this economy will rebound, and it will rebound strongly.”

Roll Call reports that some top business lobbyists are privately grumbling “that they lack the kind of access they had at the beginning of the Bush administration and wonder if their agendas are being taken seriously.”

Barack Obama and congressional leaders “plan to move soon to block the estate tax from disappearing in 2010. … In making their case for the restoration, Democrats contend that such a large additional tax break for the rich shouldn’t go into force halfway through Mr. Obama’s proposed economic-recovery package.”

President Bush will hold his final White House press conference this morning at 9:15 am. “The President will make a brief opening statement, commenting on the important role the White House press corps has in covering presidents and the White House, and then will take questions,” spokeswoman Dana Perino said.

Prince Harry has apologized after video surfaced of him referring to a fellow soldier as “our little Paki friend” and saying another soldier wearing a head cloth made him “look like a raghead.” More ?


In Foreign Policy, a New Trio at the Top

Posted in Main Blog (All Posts) on January 13th, 2009 5:29 am by HL

In Foreign Policy, a New Trio at the Top
When Sen. John F. Kerry (D-Mass.) gavels the Senate Foreign Relations Committee to order today and welcomes Sen. Hillary Rodham Clinton (D-N.Y.) to her confirmation hearing as President-elect Barack Obama’s nominee to be secretary of state, he will mark the ascendance of a new triumvirate dominating…

Burris to Take Seat in Senate As Credentials Standoff Ends
The Senate will swear in Roland W. Burris as the junior senator from Illinois this week, ending a standoff that had become an embarrassment for Democratic leaders and President-elect Barack Obama.

Obama Seeks Second Half of Bailout Funds
President-elect Barack Obama yesterday launched an aggressive campaign to persuade a deeply skeptical Congress to permit him to spend another $350 billion to stabilize the still-fragile U.S. financial system, as the Bush White House formally notified lawmakers of Obama’s intention to use the money.

Obama to Send More Troops to Afghanistan So Administration Has More Time to Evaluate Conflict
President-elect Barack Obama intends to sign off on Pentagon plans to send up to 30,000 more U.S. troops to Afghanistan, but the incoming administration does not anticipate that the Iraq-like “surge” of forces will significantly change the direction of a conflict that has steadily deteriorated over…

Bush Holds Final Press Conference
PRESIDENT GEORGE W. BUSH: Thank you. Tapper? We have been through a lot together. As I look to the room, I see Jake, Mike, Herman, Ann Compton. Just seemed like yesterday that — that I was on the campaign trail and you were analyzing my speeches and my policies. And I see a lot of faces that t…