economy

36 campaigns took funds from gov't bailed out firms during Feb. Where's the outrage? This video report from MSNBC details how YOUR REPRESENTATIVES padded their own campaign coffers by taking funds from firms on the government bail out list.

Toby Harnden, who covers Washington for Telegraph.co.uk reports, "Comments by Timothy Geithner about China’s proposals for overhauling the global monetary system that sent the dollar tumbling on Wednesday marked the second time recently that he and President Barack Obama had directly contradicted each other." MORE

More and more, it's appearing that Treasury Secretary Timothy Geithner is either lacks the skills needed to affect a true turn around of the economy, or he's just way in over his head and is getting little, if any, breathable air from the Obama administration. In either case, his credibility is falling like stocks during a sell-off.

 Well, it's the weekend, so let's put politics aside for a moment  and just enjoy a little music. Today's featured guest artist is  Anne McKinney. Anne is an estate and probate attorney based in  Knoxville, TN, as well as a popular speaker.

In an effort to keep himself from fading into well-deserved oblivion, Robert Reich, (Secretary of Labor under former B.O., Slick Willie Clinton), has posted his take on the AIG mess for Huffington Post.com. Reich says, that "The real scandal of AIG isn't just that American taxpayers have so far committed $170 billion to the giant insurer because it is thought to be too big to fail - It's that even at this late date, even in a new administration dedicated to doing it all differently, Americans still have so little say over what is happening with our money. The administration is said to have been outraged when it heard of the bonus plan last week." The operative phrase in that quote is "is said to be."

According to the AP, those bonuses paid to the execs at AIG "Were paid under legal contracts, part of a program that had been disclosed in advance filings that American International Group Inc. made with the government."

I just finished this AP report entitled "Obama berates AIG and vows to try to block bonuses."  The article kicks off with "Joining a wave of public anger, President Barack Obama blistered insurance giant AIG for "recklessness and greed" Monday and pledged to try to block it from handing its executives $165 million in bonuses after taking billions in federal bailout money."

In yet another sign that the Obama administration is begin to unravel, the former rookie senator from the corrupt state of Illannoy, lacking any real solid solutions to the economic situation, is, at every opportunity, pointing the finger of blame at his predecessor, George W. Bush.

Just a few month ago, during the "Battle For The White House," then candidate B. Obama consistently mocked his opponent (AZ Sen. John McCain, in case you forgot) for saying that, "The fundamentals of our economy are strong." Obama's campaign team (a.k.a., the major news media) accused the veteran senator of being out of touch. Today, however, a similar message came from economic adviser Christina Romer.