Category Archives: National News

Republicans File Budget Alternative

Posted on April 2, 2009 by billmanzi

The House Republicans unveiled their “alternative budget” yesterday, and this time it actually had numbers. Rep. Paul Ryan of Wisconsin, the top Republican on the House budget Committee, rolled out the Republican alternative, which I have attached below. From the … Continue reading →

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New York Looks to Repeal “Rockefeller Laws”

Posted on April 1, 2009 by billmanzi

New York State is moving to undo the Rockefeller era drug laws, which amongst other things, imposed tough minimum mandatory sentences for first time offenders. From the Washington Post: Gov. David A. Paterson (D) and legislative leaders on Friday announced … Continue reading →

Posted in National News, State News | Tagged , | 7 Comments

The Good, The Bad, and the Ugly

Posted on March 30, 2009 by billmanzi

The Obama Administration’s plans for G.M. and Chrysler seem to be taking shape publicly for the first time, with selected leaks out of the Administration laying out a map of where this debacle might end up. Today’s Wall Street Journal … Continue reading →

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Auto Task Force Delivers a Harsh Verdict

Posted on March 30, 2009 by billmanzi

The Obama Administration delivered a harsh verdict on the futures of G.M and Chrysler, calling for strong medicine before additional federal funding is provided. The Administration dismissed the current version of both companies plans for viability, saying that neither would … Continue reading →

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Wagoner Forced Out at G.M.

Posted on March 29, 2009 by billmanzi

With President Obama scheduled to talk tommorow about bailouts for both G.M. and Chrysler it was announced tonight that Rick Wagoner was stepping down as CEO of G.M., effective immediately. The news was leaked by White House sources, as was … Continue reading →

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House Republicans File “Detailed Budget”

Posted on March 27, 2009 by billmanzi

House Republican’s yesterday filed a “detailed” budget blueprint in response to continued needling from President Obama that they were offering no alternatives. I have posted that document here so you can all see what is meant by detail. Glenn Thrush … Continue reading →

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Geithner Rolls the Dice

Posted on March 24, 2009 by billmanzi

The long awaited financial plan designed to aid and revive the country’s banking system was unveiled by Treasury Secretary Tim Geithner yesterday. Wall Street rallied on the news, sending the stock market up 7 percent for the day. Geithner is … Continue reading →

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U.S. Seizes Two Wholesale Credit Unions

Posted on March 22, 2009 by billmanzi

The U.S. Government seized the country’s two largest wholesale credit unions on Friday after their balance sheets did not pass government muster. From the Wall Street Journal: In the latest move by federal authorities to prop up the nation’s banking … Continue reading →

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Obama on the Four Pillars of His Budget

Posted on March 21, 2009 by billmanzi

President Barack Obama used his weekly address to talk about his budget, and answer critics who feel that it is too ambitious. He talks of the pillars upon which it is built, and makes the point that they are all … Continue reading →

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Top AIG Executives Resign

Posted on March 20, 2009 by billmanzi

George Stephanopoulus is reporting on his Twitter feed that the top three executives within the Financial Products Division of AIG, as well as several others within that division, have resigned, citing concerns for their personal safety. With the anger throughout … Continue reading →

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