Archive for the ‘Harry Reid’ Category

President, Treasury, Congress “undermining efforts to shore up the economy”

March 21, 2009

“By week’s end, I was more depressed about the financial crisis than I’ve been since last September. Back then, the issue was the disintegration of the financial system, as the Lehman bankruptcy set off a terrible chain reaction. Now I’m worried that the political response is making the crisis worse. The Obama administration appears to have lost its grip on Congress, while the Treasury Department always seems caught off guard by bad news.”

That from Joe Nocera in The New York Times.
http://www.nytimes.com/2009/0
3/21/business/21nocera.html?_r=1&hp

I agree with Joe 100% but he is a lot smarter than me!

Related:

Bonus backlash hits Wall Street

American Democracy With Checks and Balances is Broken; Media, Congress Failing

Obama’s Radicalism Is Killing the Stock Market

 Obama Spending, Tax Plans Likely Out The Window As CBO Predicts Much More Debt

Obama, Geithner, Congress Squandering Confidence Needed For Recovery

***********************

From Joe Nocera in The New York Times:

Yes, the $165 million in bonuses handed out to executives in the financial products division of American International Group was infuriating. Truly, it was. As many others have noted, this is the same unit whose shenanigans came perilously close to bringing the world’s financial system to its knees. When the Federal Reserve chairman, Ben Bernanke, said recently that A.I.G.’s “irresponsible bets” had made him “more angry” than anything else about the financial crisis, he could have been speaking for most Americans.

But death threats? “All the executives and their families should be executed with piano wire — my greatest hope,” wrote one person in an e-mail message to the company. Another suggested publishing a list of the “Yankee” bankers “so some good old southern boys can take care of them.”

Or how about those efforts to publicize names of individual executives who received bonuses — efforts championed by Attorney General Andrew Cuomo of New York and Barney Frank, chairman of the House Financial Services Committee. To what end?

How does outing these executives fix skewed compensation incentives, which have created that unjustified sense of entitlement that pervades Wall Street? No, it’s mostly about using subpoena power to satisfy the public’s thirst for blood. (In light of the death threats, when Mr. Cuomo received the list of A.I.G. bonus recipients on Thursday, he promised to consider “individual security” and “privacy rights” in deciding whether to publicize the names.)

Then there was that awful Congressional hearing on Wednesday, in which A.I.G.’s newly installed chief executive, Edward Liddy, was forced to listen to one outraged member of Congress after another rail about bonuses — and obsess about when Treasury Secretary Timothy Geithner learned about them — while ignoring far more troubling problems surrounding the A.I.G. rescue.

Oh, and let’s not forget the bill that was passed on Thursday by the House of Representatives. It would tax at a 90 percent rate bonus payments made to anyone who earned over $250,000 at any financial institution receiving significant bailout funds. Should it become law, it will affect tens of thousands of employees who had absolutely nothing to do with creating the crisis, and who are trying to help fix their companies.

Meanwhile, the real culprits — like Joseph J. Cassano, the former head of A.I.G.’s financial products division— are counting their money in “retirement.” Nobody on Capitol Hill seems much interested in getting that money back. (And the bill does nothing about bonuses that were paid before 2009, meaning that most of those egregious Merrill Lynch bonuses, paid at the end of last year, will not be touched.)

Read the rest:
http://www.nytimes.com/2009
/03/21/business/21nocera.html?hp

Obama, Geithner, Congress Squandering Confidence Needed For Recovery

March 21, 2009

“What we need today is more optimism and more confidence,” Larry Summers said.

“Consumer confidence is slightly up. The market is slightly up,” Biden said.

“We need confidence to make this recovery work,” President Obama said.

 Psst: Obama; Biden Was Supposed To Be the Gaffe Prone Guy

I believe all that.  I also know that the president, his team, Tim Geithner, Larry Summers, Joe Biden, Chris Dodd, Harry Reid, Nancy Pelosi, Barney Frank and a host of others are frittering away the confidence Americans and many others in the world like China need to make the recovery work….

“The whole congress should have their income taxed at 90% because of their incompetence,” said former Arkansas Governor Mike Huchabee today on Fox.[Pelosi+Congress.jpg]
http://cristyli.blogspot.com/

And Mister President, do I believe “Nobody messes with Joe?”

“Give me a f &^*$% ing break.”

 

You can’t urge confidence while spending trillions of taxpayers dollars and then spend, waste, an entire legislative week on $167 million with nothing to show for the effort except for a loss of confidence.

Congress this last week sent a torpedo into confidence in banks, companies like AIG, the Treasury, the White House, truth, honesty and themselves.

Why wait?  Follow the Grassley and Japanese way, congress: kill yourselves and save us the expense of a revolt……

The pain of your living, moronic behavior in a time of crisis is killing me and it should be killing you.  The wrong guy is going to die if the economy worsens: the taxpayer.

After the mass Seppuku (切腹 ) on Capitol Hill, the president can fire Geithner in an attempt to bring back some confidence. Some iota of confidence.  At least firing Geithner will be a pro-active step.

But nobody seems ready to do the right thing; even though I did the right thing by sending in my professionally (no Turbo Tax for me) prepared IRS forms yesterday….

And are we expected to have confidence in the president’s budget and allow rapacious spending on health care, energy, climate change and education?

Not after yesterday’s CBO report and not after what we”ve seen since Barack Obama and this congress go into the act….

Please see all the goodies at Michelle Malkin’s house….
http://michellemalkin.com/2009/03/2
1/saturday-open-thread-7/


President Obama, Joe Biden, Tim Geithner, Larry Summers, Chris Dodd, Harry Reid, Nancy Pelosi, Barney Frank and a host of others are running off to spend our money too fast and we have lost confidence…..

Related:
Bonus backlash hits Wall Street

American Democracy With Checks and Balances is Broken; Media, Congress Failing

Obama’s Radicalism Is Killing the Stock Market

 Obama Spending, Tax Plans Likely Out The Window As CBO Predicts Much More Debt

Obama: Why Are We Saving Geithner and His Incestuous Relationship With Wall Street?

Finance, one of America’s great industries, being destroyed by Congress during crisis?

For Cuomo, AIG, Financial Crisis Is His Political Moment

 Did Obama White House Fuel AIG Bonus Mess To Enact Tougher Rules With Public Support, “Outrage”?

[Commentary]
Martin Kozlowski, WSJ

President, Congress Preach More Spending While Kitchen Table Voters Try To Save Responsibly

March 20, 2009

The clear message from this president and this congress is that we can spend our way out of the recession.

The president, a master campaigner, has also volunteered to be a master spender on health care, the environment, education, energy and more.

He has already just about guaranteed that the congress — a pack of spending campaigners — will assist him as enablers.

Just as congress assisted Mr. Obama on the stimulus.

So the president is asking for campaign-style signature pledges from voters to support his spending ideas.  That’s why he went to California.  The Jay Leno fiasco was unnecessary entirely  — and off message entirely.

The president is intent upon showing that the future of America is all about what we spend now.

The message from Washington is spending: even as the voter at home is seeking fiscal responsibility for every member of the family.

And the president  even wants those at home to spend more at WalMart and Target to help the economy along.

He’s urging fiscal irresponsibility upon voters and congress.

But this is counter-intuitive to a voter who lost a job and faces forclosure or other economic calamity.

Around the kitchen table, voters are trying to figure out how to limit their spending.

And the prsident who talked so mush about crisis and catastrophe is now saying the economy is not so bad and we should have confidence.

Too late.

US President Barack Obama, seen here on January 29, 2009, sits ... 
US President Barack Obama, seen here on January 29, 2009, sits alongside Treasury Secretary Timothy Geithner

Confidence is draining from the American voter faster that the president can patch the leaks.  Going after the AIG bonuses is understandable and right; but that is only a slight drip and not even a trickle.

The deluge in spending from the stimulus and the omnibus: to the tune of $1 billion per hour in this president’s first 50 days, is staggering, along with the interest payments and national debt.

But it isn’t  deluge of water.  It is a deluge of money and confidence and political capital: the lifeblood of a president.

And Obama’s cohorts in all this excite no confidence at all: Geithner, Pelosi, Dodd, Barney Frank, Harry Reid and the rest.

Related:
President’s Economic Team in Trouble: Especially Geithner

 Teachers Ask Pelosi, Dodd For Teaching on “American Values, Truth, Honesty, Competence”

World Gasps In Horror as U.S. Stumbles, Fumbles Over $165 Million

Obama and Leno Discuss Congress, AIG: “It Kind of Scared Me”

March 20, 2009

Between President Barack Obama and Jay Leno, the one who seemed to understand the Congress best was Jay Leno when he said of the 90% tax bill for AIG employees: it “kind of scared me.”

“If the government decides they don’t like a guy, all of the sudden hey we’re going to tax you, and, boom, and it passes, that’s seems a little scary,” he said. “It was frightening to me as an American that Congress or whoever could decide I don’t like that group, let’s pass a law and tax them 90 percent.”

That’s un-American, was the implication.

Un-American and probably unconstitutional.

And certainly a stupid waste of congressional time and effort — and certain proof of congressional stupidity.

Given the opportunity to lead on the economy, the U.S. Congress has given us the stimulus, pork, and earmarks.

Now it gives us doubt without investment at all.

It serves up a legally questionable and faith-in-government damaging self-inflicted wound.

The world is in a crisis of confidence fueled by such brainless U.S. behavior — never mind the global recession that most blame on the U.S.

The world is seeking solutions but has only been sent more doubt and missteps by Americans in the corporate and government sphere.

With Leno, Obama rolled out caution and explained that people should lower their expectations.

Americans were already doing that.

“Look, I understand Congress’ frustrations,” he said on “The Tonight Show with Jay Leno.”

He does?

Then he should fire Tim Geithner and hire a leader.  Or two.

When the Congress has no leadership to turn to it is stuck with Nancy Pelosi, Harry Reid, Braney Frank and Chris Dodd.

On Jay Leno’s show, only one headliner said anything memorable last night  and that came from Leno himself.

President Obama on Jay Leno:

From the Wall Street Journal:
http://online.wsj.com/article/SB
123750431956789767.html

http://michellemalkin.com/2009
/03/20/obamas-worse-joke-and
-insult-to-american-taxpayers-
intelligence/

Related:
World Gasps In Horror as U.S. Stumbles, Fumbles Over $165 Million

Obama on Leno, Special Olympics Crack, White House in “Damage Control Mode”

Economic Recovery? “These guys are eating my lunch”

Obama the centrist, pragmatic problem-solver is gone: now liberal spendathon, no accountability

Obama: Here’s Why Geithner Has To Go: Credibility, Confidence, Competance

 Obama On Geithner Sounds Like “Brownie, you’re doing a heck of a job”

Economic Recovery? “These guys are eating my lunch”

March 19, 2009

Obama, Geithner, Bernanke, Pelosi, Barney Frank, Chris Dodd, Harry Reid and every “lawmaker” : “These guys are eating my lunch.”

That’s from my friend who lost his job, will lose his home to foreclosure and has gained only a credit score that would bring Tiger Woods to tears.

He used “eating my lunch” instead of “breaking my heart” because he’s purchased a gun and a broken heart was getting him nowhere.

He’s getting kind of heartless.

“Eating someone else’s lunch is un-American, as Nancy Pelosi must know,” he told me. 

He has a lot of time to watch TV now that he lost his income and his job.

For those in the immigrant community that only habla Espanol, when the law is enforced at your door, that is the law, which most people, except for Nancy Pelosi, do not consider as un-American.  When someone eats your lunch, which is an idiom, it means to take advantage of you, as in “clean your clock,” cross the border illegally and stuff like that.

The President is eating my lunch beause he refuses to fire Tim Geithner — but now maybe he will rethink that after finding out that Turbo Tax Tim had many of the bailout recipients sign a form indicating, maybe even swearing, that they did not owe the federal government any back taxes — but Tim never asked the IRS to check.

Those that got billions in bailout money ate Turbo Tax Tim’s lunch and the lunch and tax money of every taxpayer.

But the president insists: “Nobody is working harder than this guy.”

My friend is working hard trying to get a real job: not a cushy do anything and get paid job.  Not a job with no accountability like Geithner’s job.  Not a job where you can lie like Dodd’s job.  Not a job where you can write a book and make $5 million, or get on Jay Leno, or fly in style like Obama’s job.

Bernanke is eating my lunch because his Fed action already caused the price of oil to go up and the value of the dollar to go down.

Every American lawmaker in Washington DC who did not vote against the stimulus ate my lunch because nobody read the stimulus and that is the law that allowed AIG to pay bonuses — while it gave away billions of dollars.

That’s not lunch money.  But maybe chump change to Obama: not to me.  I pay my taxes — and not with Turbo Tax — I hire a guy because that ensures it gets done better than Geithner can do.

And those “lawmakers” who gave billions of dollars to the likes of Obama, Geithner and Bernanke and a bunch of government agents who are eating my lunch and getting their clocks cleaned by those getting bailout money — I hate them all.  The entire lunch eating flock.

Barney Frank ate my lunch because he missed the looming failure of Fannie Mae and Freddie Mac and missed the arrival of the recession.  Isn’t he the guy that stampeded many to create the rapid fire stimulus?  Isn’t his stimulus the law that legalized the AIG bonuses — the same bonuses he offers to tax at 90%? (Which may be unconstitutional?)

He ate our lunch for sure.

I’ll just throw Charlie Rangel in here for eating my lunch too.  He’s trying to rush a 90% tax on those that got bonuses like the AIG guys.  But hey, Charlie: that might be unconstitutional.  And hey, Chalie, can you go though an audit for us, pal?
.
Amnesia Chris Dodd ate our lunch and then lied about it: putting language into the stimulus to help his buddies at AIG to pay those now famous bonuses.

Then Judas Dodd threw his buddies at AIG under the bus.

Barack Obama hired Turbo Tax Tim and Joe Biden so he continues to eat my lunch every day.

As Biden says, “This was a stupid idea.”

“Give us a f &*^%$# ing break”

But the president wants ME, US, and YOU to be confident because that could help the economy improve.

No habla.  Habla Espanol.

Related:
Lawmaking by Stampede Made the Stimulus, Now We’ll Tax ‘Bonuses’ the Simulus Allowed?
.
Obama On Geithner Sounds Like “Brownie, you’re doing a heck of a job”
.
Pelosi, Rangel rushing to tax AIG and other bonuses 90%; This caused a revolution once…

http://michellemalkin.com/2009/03/1
9/audio-comedy-gold-bozo-the-vice-pr
esident-is-looking-out-for-you/

 AIG Bonus Snafu: Boomeranging Into the Faces of Democrats?

“Dodd The Dodge” — Senator Weasels Away The Truth; And Not Artfully

Obama the centrist, pragmatic problem-solver is gone: now liberal spendathon, no accountability
.
News at eleven followed by Jay Leno and Barack on the National Barack Channel….

Obama, Pelosi: Anything to Win

Obama, Congress, Treasury, Fed: Shameful Mismanagement of Your Money, Recovery

Did Obama White House Fuel AIG Bonus Mess To Enact Tougher Rules With Public Support, “Outrage”?

Fed to pump another $1 trillion into U.S. economy “from thin air”

US President Barack Obama (R) stands with Treasury Secretary ...

Darkened shadows: US President Barack Obama (R) stands with Treasury Secretary Timothy Geithner (L) as he makes remarks about AIG and his economic recovery package before departing for a trip to California from the White House in Washington, March 18, 2009. Obama on Wednesday assailed AIG’s hefty executive bonuses as an “inappropriate use of taxpayer funds,” saying the government needed tools to prevent a situation like AIG’s from ever again posing a risk to the financial system.  But Geithner paid those bonuses with taxpayers money….REUTERS/Jonathan Ernst

http://conservativemeanderings.
wordpress.com/2009/03/19/oba
ma-received-aig-bonus-time-fo
r-him-to-resign/

Obama, Congress, Treasury, Fed: Shameful Mismanagement of Your Money, Recovery

March 19, 2009

If you are a fan of movies featuring a hero who steps forward to add courage, virtue and good thinking to a disaster to make things right; the AIG bonus flap will cause you disappointment and worry.

There are no leading men or heroes here.  Just bad actors.

And the really worrisome point is this: the AIG bonus flap is about is just $165 million out of trillions of dollars now flowing through the decision makers in the White House, Congress, the Treasury and Federal Reserve.

The outrage expressed over the AIG bonuses is like being worried about one molecule on an elephant standing on your food and dying of cancer without  medical attention.

The elephant is the economy and the poorly managed recovery so far.  Money has been hemorrhaging  out of the taxpayers’ coffers and into all kinds of hands you would never approve of — for months — and the president is preaching “transparency.”

The courage, virtue and good thinking so far has apparently only been delivered during carefully scripted TV appearances — and now even Obama and Biden are not allowed out of their bathrooms without telepromters.

Obama, Pelosi: Anything to Win

The root cause of the AIG flap?  The quickly executed and poorly cobbled together stimulus bill for starters.  Nancy Pelosi’s stimulus bill.  Chris Dodd, with help, undoubtedly, inserted language legalizing just the kind of bonuses AIG paid — so everyone who expressed “outrage” from the president on down is to blame for rushing through congress a hash bill of over $700 billion — and then blaming a company that thought they were doing the right thing, the legal thing, the thing they told the Fed about months ago.

And the president is going through the books line by line….

No “lawmaker” admitted to even reading the stimulus before making it a law: which should sound alarm bells that the White House the Congress and all else involved were into a stampede of good intentions which seldom yields good law.  Even the lobbyists couldn’t keep up with the stimulus….

Then add poor performance on the part of those responsible for oversight.

What we have is a witches brew of White House, Congress, Treasury and Fed.

The problem is Obama, Nancy Pelosi, Harry Reid, Tim Geithner, Ben Bernanke and their many munchkins — not mean old AIG executives and lawyers and Wall Street — this time.

Politically, if history is any guide, “No Drama Obama” will continue to receive love and support from an adoring public and media: but he’s the one that slammed the stimulus down the throats of congress and he’s the one that picked Tim Geithner.

The president didn’t create the crisis but he fueled it and pushed hard for speedy action — not well thought out legislation.

We fault the president for not speaking the truth on this, which he is often not very good at.

But we still have hope, which the president often urges, that Barack Obama will come clean with the American people and tell them that the federal government screwed up and can, will and should do a lot better.

By firing Geithner the president can go a long way in quieting this storm.  Standing by this Treasury Secretary just leaves a giant hunk of doubt, suspicion and guilt in the middle of the “recovery” that the president has said requires confidence.

And that doubt is now the elephant in the room.

John E. Carey
Wakefield Chapel, Virginia

Related:
In AIG flap, it’s not just about bonuses anymore

Defining Moment for Obama’s Treasury Secretary

Fed Failed to Tell Obama About AIG Bonuses For Months

Robert Reich: AIG,Transparency, Treasury, Fed: Lost?

http://michellemalkin.com/2009/03/
19/where-in-the-world-146/

Obama, Congress, Treasury, Fed: Shameful Mismanagement of Your Money, Recovery

Fed Failed to Tell Obama About AIG Bonuses For Months

“Dodd The Dodge” — Senator Weasels Away The Truth; And Not Artfully

Dodd Allowed AIG To Thrive in His State, Approved Bonuses: Now Throws Them Under The Bus

Amid AIG Furor, Dodd Tries to Undo Bonus Protections He and Geithner Put In 

Did Obama White House Fuel AIG Bonus Mess To Enact Tougher Rules With Public Support, “Outrage”?

http://cinie.wordpress.com/20
09/03/19/psssst-theyre-all-lying/

Obama: Crisis is time of ‘great opportunity’

March 7, 2009

President Barack Obama on Saturday challenged his country to see its hard times as a chance to “discover great opportunity in the midst of great crisis.”

By Ben Feller, AP

“That is what we can do and must do today. And I am absolutely confident that is what we will do,” Obama said in his weekly radio and video address, taped a day earlier at the White House.

The work week ended on more down news, with the report of 651,000 more American jobs slashed and an unemployment rate climbing to 8.1 percent. That is the highest rate of people out of work in more than 25 years, as the recession continued to put enormous pressures on families and industries.

Obama recapped the work of the latest hectic week in his young presidency. His goal was to reassure the country that he and his team are taking specific steps to create jobs in the short term and begin to address huge issues such as health care.

Read the rest:
http://apnews.myway.com/article/20
090307/D96P7GG00.html

http://www.cheatseekingmissiles.com/
2009/03/07/the-taxinator/

Democratic Attacks On Limbaugh Boost His Ratings — But He’s Not The Problem

March 7, 2009

Democrats already control the White House, House of Representatives and the Senate.  But to make sure the Democrat dominance continues for the forseeable future, Democrats have alredy nominated and elected their next opponent from the Republican Party: Rush Limbaugh.

As Jonathan Mann writes for CNN:

As Republicans adapt to the role of an opposition party and search for a new opposition leader, Limbaugh may be emerging as their champion.

“The Democrats would love it,” writes Mann.  “They think that Limbaugh, 58, is the very personification of an ugly Republican stereotype: he’s a small-town college drop-out, an angry white man, who they believe offends the ethnic, urban and educated Americans the Democrats want to attract.”

But it is not that easy.  And what many Democrats seem to be missing by demonizing Limbaugh is this: more than 45% of Americans did not vote for Barack Obama and already Limbaugh has energized a very vocal and angry Obama opposition — which is probably not going to make Limbaugh a candidate but will spread his ideas and opinions.

As Howard Kurtz wrote in the Washington Post on Friday, “By one measure, Rush Limbaugh is a clear winner this week: His ratings have nearly doubled since his feud with the White House burst into the media limelight.”

What seems to make perfect sense just now to Democrats, pummeling Limbaugh, seems to me and other conservatives like the childish beating administered by a baseball team upon a member of the other team’s cheering section.  Limbaugh isn’t an elected politician or really a member of the media: he is a voice on radio now given even more listeners who just want to find out what all this ruckus is about.

Democrats are, in fact, enouraging people that never, ever listened to Limbaugh to give him a chance.  The fact that CNN and the Fox News Channel both broadcast Limbaugh’s remarks before the CPAC last week was in part fueled by the Democratic attacks.

It seems to me that the Obama Administration, Nancy Pelosi and Harry Reid are already busily juggling hand grenades including the economy, health care, ecucation, the envoronment and energy — and don’t gain a lot from going on the offensive and creating an uproar.

Unless Democrats just want voters to look the other way.  After all, real legislation and governing really is a lot like making sausage….

CNN:
Rush Limbaugh is the anti-Obama?
http://edition.cnn.com/2009/POLITI
CS/03/06/anti.obama/index.html

Kurtz, Washington Post:
http://www.washingtonpost.com/wp-dyn/
content/article/2009/03/05/AR2009030
503770.html?wprss=rss_politics/congress

Rush Limbaugh: Whether or not you agree with him he's something to hear.

Rush Limbaugh: Whether or not you agree with him he’s something to hear.

Related:
 Limbaugh: Meaningless Clown, “Entertainer” or de facto Republican Leader?

President Pelosi?

March 7, 2009

America has never had a woman President or Vice President but then again America has never had a woman Speaker of the House before either.

And Nancy Pelosi is unlike previous women to seek one of the nation’s top two spots, Geraldine Ferraro and Sarah Palin: Pelosi already has a mega-job that could easily catapault her into the White House.

Sarah Palin
Palin

Pelosi is feared by Republicans and Democrats alike.  Even Barack Obam has deferred to her twice already during his brief presidency.  Obama gave Pelosi and her team the job of crafting the economic stimulus package and now he has said she will spearhead creation of the health care reform measure.

Pelosi has also revised the rules of the House to preserve her clout and control.

So Pelosi is doing much of the heavy lifting in the Obama Administration; arguably more than Barack Obama, Joe Biden, Harry Reid, Rahm Emanuel, Timothy Geithner, Hillary Clinton or any of Obama’s many other czars and assistants….

************

By Andrew S. Ross
San Francisco Chronicle

When San Francisco’s Chamber of Commerce-led delegation meets with House Speaker Nancy Pelosi during its stimulus-dollarhunting expedition in D.C. next week, members might want to ascertain whether the hometown Democrat is rowing in the same direction as President Obama. Recent media reports suggest not. Pelosi’s “snubbing” of Republicans as she fast-tracked the stimulus package, according to a Newsweek story last week, denied the president some measure of the bipartisan support he sought. “Pelosi was very publicly undercutting the president,” an administration official is quoted as saying. “Obama wants that to stop.”

Pelosi says the story “couldn’t be further from the truth.” “The speaker agrees with him on almost every issue, although there will be disagreements on some things,” Brendan Daly, Pelosi’s communications director, told me. But the story did leave some bruised feelings. “Some of the Obama people said things they shouldn’t be saying,” said another Pelosi supporter.

And the speaker did halt another Obama initiative in its tracks – the establishment of a blue ribbon-style Social Security panel to figure out how to keep the program from going bankrupt. “The speaker thinks a new commission isn’t necessary,” said Daly. “This can be done in Congress.” Pelosi has told House committee chairs to include Social Security reform in federal spending hearings she wants held.

One suspects the necessary changes to Social Security won’t be fast-tracked any time soon.

US President Barack Obama (R) sits with House Speaker Nancy ... 
US President Barack Obama (R) sits with House Speaker Nancy Pelosi (D-CA) (L) at a dinner for congressional committee chairmen at the White House in Washington, March 4, 2009.REUTERS/Jonathan Ernst (UNITED STATES)

Harry Reid: Good News, Bad News

March 7, 2009
One of the most powerful men in the United States, Harry Reid is also a frequent subject for debate.  His rail project to protitution and vice is a case in point.  The Republicans’ biggest nightmare is also sometimes the Democrats’ biggest nightmare….

*******

The majority leader may be the most powerful Democrat in the U.S. Senate and in Nevada history. But his clout has made him a top target for Republicans nationwide.

By Mark Z. Barabak
Los Angeles Times
March 7, 2009
Reporting from Carson City, Nev. — When Senate Majority Leader Harry Reid came home recently to address the Nevada Legislature, a small but vocal band of Republican protesters gathered at the state Capitol. They waved signs, razzed Democrats and marched outside.

But the group fell silent when asked the chances of ousting Reid at the polls next year. “It’s going to be tough,” demonstrator Carol Howell, 65, finally said.

Reid the rest:
http://www.latimes.com/news/nationworld
/nation/la-na-reid7-2009mar07,0,41403
96.story?track=rss

Harry Reid
.
Harry Reid of Nevada, the top Senate Democrat, often talks of his clout in D.C. But across the country, conservative groups have formed with the express purpose of denying the Senate leader a fifth term. Photo: AP Lauren Burke