Treasury Secretary Hank Paulson finally confirmed what bailout opponents tried to tell people: he doesn’t know what the hell he’s doing.
Paulson explained at his non-mea culpa press conference that he knew when the bailout was signed that it wasn’t going to work as sold: “It was clear to me by the time the bill was signed on October 3 that we needed to act quickly and forcefully, and that purchasing troubled assets – our initial focus – would take time to implement and would not be sufficient given the severity of the problem.” Source: Hank Paulson, Naked Emperor | National Review
In the Oval Office
White House photo by Eric Draper, November 10, 2008
President George W. Bush and president-elect Barack Obama meet in the Oval Office of the White House on Monday. Obama, gearing up for his historic January 20 swearing-in, held his first face-to-face talk with Bush.
First-family-to-be gets code names
Tribune staff report, November 10, 2008
The Secret Service traditionally has given pithy, private names to those whose lives they protect. The monikers are a throwback to a time when electronic communications were not encrypted, and they no longer serve a security function. Still, they give an occasional peek at the players’ personalities, in addition to serving as great trivia questions.
President-elect Barack Obama: Renegade (age 47)
Michelle Obama: Renaissance (age 44)
Malia Obama: Radiance (age 10)
Natasha: Rosebud (age 7)
Take the red pill. Get the blue screen.
I’d have to say, that’s a big “If.” Actually, the Matrix was run on Sun machines with a huge storage engine and huge rendering engine.
Surprisingly, it was a close race at least in the popular vote, but in the end, the electoral college made it’s choice clear. The interesting tid-bit – while we wait for the dust to clear – is the difference in the popular vote versus the difference in “EC” votes. (At time of press) Popular votes differed by 6% while EC votes differed by 34% for Obama. What does that say about the EC and this whole process? Was the population accurately represented by the electoral college?
It is time for change. It’s time for America to change, time for government to change, time for the way the world views America to change. Now comes the really hard job: keep America solvent, bring to an end the wars in Iraq and Afghanistan, and find solutions to American dependence on foreign oil. Do all of that while not raising taxes is going to take a miracle.
Obama Elected President as Racial Barrier Falls – NYTimes.com
By ADAM NAGOURNEY
Published: November 4, 2008
Barack Hussein Obama was elected the 44th president of the United States on Tuesday, sweeping away the last racial barrier in American politics with ease as the country chose him as its first black chief executive.
So today, the day after the election, I’m struck with the question: where will we go now? Actually, I have several questions. If you are a (dare I say right-wing) cynic, you might wonder if the U.S. will become socialist. Will the “welfare state” (the link uses police state) grow because minorities think a minority in the White House will favor them? If you are an optimist, you might wonder if Obama will encourage (read require) everyone – especially minorities – to rise to the occasion – empowering them to move out of the welfare state.