Monthly Archives: November 2008

Current Secretary of Defense Robert Gates will be asked by President-elect Obama to stay in that position, likely for about one year according to multiple media sources. Gates is a former CIA Director, as well as a close friend of … Continue reading →

I know this is not a transportation blog, but the bad place we find ourself in transportation wise in Massachusetts just keeps dominating the news cycle, and is so important to us in so many different ways that I just … Continue reading →

Here is President-elect Obama bringing out his economic team today. No suprises here. http://www.msnbc.msn.com/id/22425001/vp/27891658#27891658

President-elect Barack Obama and his advisors are sending strong signals that a proposed stimulus bill could be in the $700 billion dollar range. From the Washington Post: Facing an increasingly ominous economic outlook, President-elect Barack Obama and other Democrats are … Continue reading →

The Federal government moved late last night to stabilize Citigroup by injecting billions of dollars into the beleagered firm. Citi has seen its stock price fall by over 60 percent, ending at $3.77 last week. It has billions of dollars … Continue reading →

On Monday President elect Obama will round out his economic team by having Larry Summers, Bill Richardson, and Peter Orszag join Tim Geithner as the heart of the new economic team. Have these economic appointments ever been more important? The … Continue reading →

Presidential advisor David Axelrod said this morning on “This Week”that President-elect Obama would be against any bailout for the big three that does not show a business plan that brings them back to solvency. While Axelrod did not say what … Continue reading →

President President Elect Barack Obama has warned of the perils of a deflationary spiral that could bring job losses in the millions. There is plenty of meat in his weekly radio address, and a lot to be concerned with as … Continue reading →