dday


Monday’s Mini-Report

by dday

MONDAY’S MINI REPORT… I’m going to take a shot at this. Here’s today’s edition of quick hits: * The market did not take kindly to the President’s plan for the auto industry, with the Dow dropping a little over 3%. * Another terrorist strike in Pakistan, as militants dressed as policemen stormed a police academy… Read more »

Party of No Numbers

by dday

PARTY OF NO NUMBERS… The GOP’s “budget” was roundly mocked throughout Democratic circles and even in the suddenly-caring-about-policy traditional media for not having any numbers, the way that, you know, a budget does. Yesterday, John McCain sought to calm the waters by claiming that the Senate GOP would put together, in fact, an actual budget… Read more »

More On The Auto Plan

by dday

MORE ON THE AUTO PLAN… Things are moving fairly quickly on the auto company front. Within an hour or so of President Obama’s announcement about two struggling automakers, Chrysler announced the framework of a deal with Fiat, while GM’s new leaders immediately stepped into their positions. Clearly the President’s call for Chrysler to find a… Read more »

The Problem of the Senate

by dday

THE PROBLEM OF THE SENATE… Last week saw a paroxysm of opposition to Barack Obama’s budget plan from leading Senate Democrats. Evan Bayh formed his moderate working group, and Kent Conrad whittled down the budget proposal (in many respects by reinstating helpful budget fictions that make the deficit look smaller). And opposition to the Administration-supported… Read more »

Pension Guarantee Money Set Ablaze On Wall Street

by dday

PENSION GUARANTEE MONEY SET ABLAZE ON WALL STREET…. From the Boston Globe, a terrifying report about how the Pension Benefit Guaranty Corporation, the agency that insures retirement funds, decided to play in the stock market at precisely the wrong time: WASHINGTON – Just months before the start of last year’s stock market collapse, the federal… Read more »