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Political Wrap-Up

Monday, February 16, 2009

Ken Walsh, chief White House correspondent for U.S.News & World Report, reviews the latest on the stimulus bill, the bank bailout and other news from Washington.

Guests:

Ken Walsh

Comments [12]

Gen from WV

Does it worry anyone else that 3 of the 4 Presidents Obama have been compared to this morning have either been assasinated or almost assasinated?
Lincoln, Reagan and JFK
Makes me worry.

Feb. 16 2009 11:12 AM
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signsanssignified from Brooklyn, NY

Ken Walsh strives mightily to impose a formulaic even-handedness on the historical record in his account of efforts at bypartisanship in the new Obama administration.

It would be nice to remind everyone that, despite protestations of bipartisan spirit and disappointment at supposed exclusion by the Democrats, blanket GOP opposition to Obama's agenda is a feature, not a bug, in the GOP approach. An article in Saturday's New York Times reveals that Eric Cantor, the GOP whip, maintains close coordination with, and models his role after, none other than Newt Gingrich (http://www.nytimes.com/2009/02/15/us/politics/15cantor.html?ref=politics).

Let's not try too hard to be naive. We've all seen this movie before--with many of the same actors.

Feb. 16 2009 10:39 AM
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Preston from Brooklyn

What exactly is Obama's 'problem' that you are referring to? He passed a bill nearly exactly as he asked for it!

Feb. 16 2009 10:25 AM
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Darius from Prospect Heights

When did "bipartisanship" replace "effectiveness"? The Iraq invasion was bipartisanship.

Feb. 16 2009 10:23 AM
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hjs from 11211

the GOP trashed the economy, ran up the deficits with their unneeded war, sat by as our bridges and other infrastructure collapsed, chose myths over science and now they cry about "stealing from our children"
they did it they took our children’s dreams away! They diminished our nation!

NEVER FORGET

Feb. 16 2009 10:15 AM
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Robert from NYC

I can't believe that anyone even still invites Peter King on for an opinion on anything. The man knows very little if anything about anything!! Beware, he wants Hillary's seat which will be up for election in 2 years.

Feb. 16 2009 10:14 AM
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Tony from San Jose, CA

But then again, we are now the shareholders (i.e. the bosses) and we can reduce the salaries of anyone we want to. They are our minions.

Feb. 16 2009 10:14 AM
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markBrown from markbnj.blogspot.com

on BANKING (and the AUTO crisis), I will be posting something tonight:

We need to NATIONALIZE both of them.

banks to reform them,
same
for car companies.
See (here: for one)
sos-newdeal.blogspot.com/2009/02/more-sources-auto-mag-says-make-it.html

where we need to make these TRANSPORTATION companies INSTEAD of car companies

PS: the debt of the banks is closer to 20 trillion DOLLARS in my opinion..
10:13 am

Feb. 16 2009 10:13 AM
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Preston from Brooklyn

Not to put too fine a point on it but your guest is an idiot? The government has 'nationalized' nearly 20 banks already this year.

Putting banks into receivership has been an accepted course of action for generations.

The true 'socialist' solution is to trickle out money to the banks in a way that ties Congress to the banking system for a long period of time. Nationalization is fast and effective.

Feb. 16 2009 10:12 AM
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Robert from NYC

I think Simon Johnson stated it right on Bill Moyer's Journal this week that the banks should be taken over by the government which is what the FDIC does with smaller banks and get rid of the BoD and the CEOs, CFOs etc who caused this to happen. Johnson is on the ball and and highly respected economist. If anyone here gets a chance listen to him on the PBS website Bill Moyer's Journal. He makes the point very well.

Feb. 16 2009 10:12 AM
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markBrown from markbnj.blogspot.com

I say HERE: http://sos-newdeal.blogspot.com/2009/02/publican-complainers-shut-up.html

"To quote a stand-up comedian from a older generation, Mr. Steve Martin (now simply a movie star) used to say to his audiences,
"Exxxxcusssse MEEEEEEE!"

Representative Peter King (R,NY) of New York complained on one of the 'talking head' shows sunday, that:

Republicans Left Out Of Stimulus Plan, that the stimulus bill that President Obama is expected to sign tomorrow doesn't include input from his party.

KING: This bill offers too many social programs, and by excluding house republicans it prevented it from being bipartisan. I'm hoping as we go forward with the housing and banking issues that there will be bipartisan cooperation from the start.

George Stephanopoulos (of ABC News) countered:

Only three Republicans, Congressman King, in the in the Senate, (and )zero in (the) House (supported the stimulus plan).

And I have to say, it -- it surprised me that zero Republicans in the House went along with this. And, for example, I know that you support infrastructure spending.

{Emp added...-- pause--pause--pause--continue}

I know you support Medicaid aid to the states, yet you -- you vote no on this. Was this more taking one for the team so the Republicans could be unified?

(part 1 of 2)

Feb. 16 2009 10:09 AM
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RC

Brian,

I was wondering if you can bring a guest to discuss something that maybe linked to the high property taxes or other fees we pay today. I know that the topic is complicated and I don't want to over simplify it.

But, I did not know that the feds use to give aid to localities w/o strings years ago and it was done away with by Reagan.

March 11, 1985 Time Magazine article
"The Drive to Kill Revenue Sharing"

http://www.time.com/time/magazine/article/0,9171,962610,00.html

Feb. 15 2009 10:19 PM
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