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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (45715)	11/24/2008 12:22:00 PM
From: tejek	Respond to of 149317

from that article make sure and notice Barney's comment at the end. “The only purpose for this money is to lend,” said Frank, a Massachusetts Democrat. “It’s not for dividends, it’s not for purchases of new banks, it’s not for bonuses. There better be a showing of increased lending roughly in the amount of the capital infusions” or Congress may not approve the second half of the TARP money. I have a suspicion that Frank will make sure there is increased lending even if he has to send 'Guido' to the bank to make sure that happens. Meanwhile listening to Obama speak on CNN stream. Why do the reporters keep calling him President-elect. Damn! Did he win? <g> Obama talking about tax cuts.....no decision has been made what to do with them as of yet.

To: Lizzie Tudor who wrote (45715)	11/24/2008 2:07:03 PM
From: stockman_scott	Read Replies (1) \| Respond to of 149317

Obama Says Bold Moves Needed to Prevent ‘Millions’ of Lost Jobs By Matthew Benjamin Nov. 24 (Bloomberg) -- President-elect Barack Obama warned the U.S. faces the loss of "millions of jobs" next year unless the government takes immediate measures to resolve the economic crisis. “If we do not act swiftly and act boldly, most experts now believe we could lose millions of jobs next year,” Obama said at a press conference today in Chicago. “We do not have a minute to waste.” Obama said he will nominate New York Federal Reserve Bank President Timothy Geithner as Treasury secretary and has picked former Treasury chief Lawrence Summers to be his White House economic director. Obama also named Christina Romer to head the Council of Economic Advisers, and Melody Barnes to serve as director of the Domestic Policy Council. “We need to bring together the best minds in America to guide us, and that is what I’ve sought to do in assembling my economic team,” he said. The president-elect vowed to push for a large economic- stimulus package, though he declined to say how big it would be. “We have to make sure the stimulus is significant enough that it really gives a jolt to the economy,” he said, and it will focus on creating jobs and restoring business confidence. He conceded that “it’s going to be costly and lead to a substantial budget deficit.” Tax Cuts Obama said he plans to follow through on campaign promises to pass a tax cut for most Americans and to raise taxes on the wealthiest, saying they can afford to “pay a little big more for us to be able to invest and get the economy back on track.” Obama said he favors helping the U.S. auto industry avoid a cash shortage and possible bankruptcies, but said the Big Three automakers need to present a plan about how they will reform themselves. “We can’t just write a blank check to the auto industry,” he said. “Nobody wants to see more job loss. Americans take great pride in the history of the American automobile industry but taxpayers don’t want to see more money wasted.” To contact the reporter on this story: Matthew Benjamin in Washington at mbenjamin2@bloomberg.net Last Updated: November 24, 2008 12:48 EST

To: Lizzie Tudor who wrote (45715)	11/24/2008 2:15:09 PM
From: stockman_scott	Respond to of 149317

Nissan Says Buyers Ready for Battery Cars, Infrastructure Isn’t By Alan Ohnsman Nov. 24 (Bloomberg) -- Nissan Motor Co., seeking to lead a new market for battery-powered cars, said growing U.S. demand for all-electric vehicles will be tempered by the need for charging stations to power them. “We know the consumers are interested and they’re ready,” Mark Perry, planning chief for Nissan’s U.S. electric car program, said in a Nov. 21 interview in San Francisco. “Infrastructure is going to be a challenge.” The Tokyo-based carmaker is working with privately held Better Place in Israel and Denmark to create public venues to recharge battery-powered autos. Nissan said last week it will lease all-electric vehicles starting in 2010 in Oregon and California’s Sonoma County. Perry said Nissan will collaborate with local officials in California to set up charging stations for the automaker’s first battery-powered cars, which will be designed to travel 100 miles (160 kilometers) on a single charge. Better Place, a Palo Alto, California-based electric-car service, last week said it would eventually invest as much as $1 billion to create a battery supply system and recharging spots for electric cars in the San Francisco Bay area. “You have to start with massive infrastructure even before you put in the cars,” Better Place founder Shai Agassi said in the interview. “Wherever you have a car, you’re going to have to have a charge spot.” Battery-powered vehicles such as Nissan’s planned small car will have to be recharged at outlets because they’ll lack gasoline engines like conventional hybrids or future plug-in models including Toyota Motor Corp.’s next-generation Prius. Under pressure to offer cleaner, more-efficient vehicles, automakers including Nissan, Toyota and General Motors Corp. are rushing to bring out new types of autos powered solely or in part by electricity. Nissan Chief Executive Officer Carlos Ghosn said last week at the Los Angeles Auto Show that “mass marketing” of its electric car begins in 2012. The company’s U.S. operations are based in Franklin, Tennessee. To contact the reporter on this story: Alan Ohnsman in San Francisco at aohnsman@bloomberg.net Last Updated: November 24, 2008 13:38 EST

To: Lizzie Tudor who wrote (45715)	11/24/2008 3:38:47 PM
From: stockman_scott	Read Replies (1) \| Respond to of 149317

Some Final Backstory on Geithner blogs.tnr.com

To: Lizzie Tudor who wrote (45715)	11/24/2008 3:46:30 PM
From: stockman_scott	Respond to of 149317

TNRtv: Time for Liberals To Stop Worrying -- Obama Is Going Big And Going Fast TNR senior editor Jonathan Chait argues that the colossal stimulus package expected from Democrats is just what the country needs: big bucks for an once-in-a-lifetime crisis, quickly achieving a consensus among centrist and traditional liberals. And if Obama doesn't go big and go fast, in 2012, he'll go back to Chicago... blogs.tnr.com

To: Lizzie Tudor who wrote (45715)	11/24/2008 3:53:14 PM
From: stockman_scott	Respond to of 149317

Boxer to move ‘streamlined’ climate bill thehill.com

To: Lizzie Tudor who wrote (45715)	11/24/2008 7:39:28 PM
From: koan	Respond to of 149317

From Calary Lady on the Canadain wts thread: Remember that chart I had you look at. I just spent a little time looking over that site and they get their facts from the CIA World Factbook. If you check the fact book you will see that those numbers are really for Reserves of foreign exchange and gold and most of the numbers are as of December 31, 2007: China - $1.534 trillion (31 December 2007 est.) US - $70.57 billion (31 December 2007 est.) They did an excellent job though on their format as its sure a wake up call when you look at the stats on that site. Here is the site for the Factbook if anyone wants to look at it. Its quite interesting. cia.gov As of September 2008 here are the holdings from the World Gold Council. tonnes % of reserves1 United States 8,133.5 77.3% 2 Germany 3,413.1 66.4% 3 IMF 3,217.3 4 France 2,540.9 57.8% 5 Italy 2,451.8 67.0% 6 Switzerland 1,064.1 38.1% 7 Japan 765.2 2.1% 8 Netherlands 621.4 59.9% 9 China 600.0 0.9% 10 ECB 533.6 23.0% 11 Russia 472.6 2.1% 12 Taiwan 422.4 3.8% 13 Portugal 382.5 85.5% 14 India 357.7 3.1% 15 Venezuela 356.8 29.3%