Friday, December 12, 2008

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Obama "Disappointed" in Auto Bailout Bill's Collapse

The president-elect says he hopes Congress and the White House can still find a way to give the industry short-term relief. Read full statement here.      

Seeking Salvation

Three pastors pray with Gov. Blagojevich and his family in his Chicago home Friday. The meeting lasts about 20 minutes.      

The Big Five: Friday Edition

HALPERIN'S TAKE: The five most important people in American politics right now -- who aren't Barack Obama.      

White House Will "Consider Other Options" for Automakers

Press Secretary Perino says Friday the Bush administration is discussing other measures to rescue the auto industry, including using TARP funds. "A precipitous collapse of this industry would have a severe impact on our economy, and it would be irresponsible to further weaken and destabilize our economy at this time." Full statement here. Comes after the Senate kills [...]

Jesse Jackson Jr. to Meet With Prosecutors Friday

"Senate candidate #5" is scheduled to explain his efforts to be appointed to Obama's vacated Senate seat. Chicago Sun-Times: Despite Jackson Jr. saying he's been told by the feds he's not a person of interest, sources say not yet in the clear. Plus: Chicago Trib: Businessmen with ties to Blagojevich, Jackson Jr. discussed raising at least $1 [...]

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JM Keynes' Advice For Presidents Past, Present and Future

John Maynard Keynes, the British economist who literally wrote the book on how governments should handle severe economic downturns, penned a letter in 1938 to Franklin D. Roosevelt, offering advice on how to deal with the late 1930s recession. U.C. Berkeley economist Brad DeLong posts it in full on his blog. I am particularly taken [...]

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