Or How I Learned to Stop Worrying

President Obama and Vice President Biden were at Ray’s Hell Burger yesterday for lunch. Ray’s is a burger restaurant in Arlington, Virginia and one of our lunch hangouts. I am generally not a burger lover, but Ray’s makes some awesome burgers. My personal favorite from their menu is the Big Punisher with a side of [...]

The Obama administration has lost patience with General Motors and has demanded that it restructure before it will get any more government help. That seems logical enough. Yet, when both the Obama administration and the Bush administration have given hundreds of billions of dollars to banks, that money came with no strings attached.
In demanding General [...]

After the Treasury Department released the refurbished plan to buy up “legacy assets” (formerly known by the less tasteful moniker “toxic assets”) Wall Street responded with two thumbs up. Treasury Secretary Tim Geithner has gone from goat to hero in one day:
But the stock market’s first-day verdict went in the right direction for Mr. Geithner [...]

The United States government is colluding with the banks to rob the taxpayer. That, in a nutshell, is the newly shaped Tim Geithner bank rescue plan. That, in a nutshell, was the Hank Paulson bank rescue plan that has already stolen $350 billion of taxpayer funds, plus over $175 billion in funds directly to AIG, and [...]

Barack Obama was outraged yesterday over the AIG bonuses. He was OUTRAGED. He said yesterday:
This is a corporation that finds itself in financial distress due to recklessness and greed.
Under these circumstances, it’s hard to understand how derivative traders at AIG warranted any bonuses, much less $165 million in extra pay. How do they justify this [...]

There are now serious questions being asked about Treasury Secretary Tim Geithner’s role in the AIG bonus scandal. It is clear now that Geithner knew long before this weekend about the AIG bonuses. Yet, it was not until the bonuses had been handed out - and the resulting public outrage -, that the administration jumped [...]

Let me get straight to the point. If the Obama administration gives AIG the additional $30 billion that it says it will, then it is the Obama administration that is using taxpayer money to pay hundreds of millions of dollars in bonuses to AIG’s employees. So, if the Obama administration is really that outraged over [...]

If you ever doubt who controls American foreign policy, consider the case of Chas Freeman. Freeman was, until today, Barack Obama’s appointee to chair the National Intelligence Council. No more. Today Freeman was forced to withdraw from the position.
Why you ask? Because, as Josh Marshall puts it, Freeman has been “far more critical of Israeli [...]

President Obama delivered his first address to a joint session of Congress tonight. It was a speech for our times.
There is one sentence from this speech that may not get much press coverage. But it literally means the world to me, and I suspect to millions around the world. So, I want to highlight it [...]

Treasury Secretary Tim Geithner announced the Obama administration’s financial rescue plan yesterday. The Administration calls this the “Financial Stability Plan.” The “Plan” has Paul Krugman confused. Krugman refers to it as “The Rorschach Plan.” Krugman says “It’s really not clear what the plan means; there’s an interpretation that makes it not too bad, but [...]