President Obama is reportedly considering a "Swedish model" to save the banking industry, which would require temporary nationalization of the banks in order to clean up their balance sheets. Even Alan Greenspan says that banks might "need" to be nationalized.
Louisiana Governor Bobby Jindal may turn down some of the "stimulus" money that would be coming to the state, based on any "strings" that may be attached. This could run into trouble because of a provision built into the bill to take power away from conservative governors.
President Obama is already considering the idea of another stimulus package, even though his administration is having trouble spending the money that's already been appropriated because they don't have the manpower, and the new money is much larger than the annual budgets of many agencies that will receive "stimulus" money. At least they have time to spend it, because only 23% of the money will be spent this fiscal year.
GM is requesting another $16.6 billion in loans to stay in business, with Chrysler requesting another $5 billion. They will still be closing factories, laying off workers, and getting rid of some brands to save money. They seem to be moving in the right direction, even claiming that they will be profitable and pay back the loans from the government by 2017, but they still say that bankruptcy will be too expensive.
President Obama has a new $275 billion plan to stop foreclosures, including doubling the amount of aid for Fannie and Freddie. Another big entitlement, and yet more unanswered questions.
It looks like a prominent Muslim who started a TV network to promote a positive image of Muslims beheaded his wife in an honor killing.
A listener e-mail prompted me to do some googling about a recent push by states to assert their sovereignty under the 10th Amendment. It turns out that quite a few states have already passed so-called sovereignty resolutions, and the resolutions have been introduced in a number of other states, including Georgia. A state Representative in Oklahoma has an excellent column about the resolution being considered there. If you want to follow the state sovereignty movement, there are good blogs here and here to follow.
Rahm Emanuel may be the next member of the Obama Administration to have ethics problems.
Jim Marshall is back in Middle Georgia, long enough to say that he voted for the stimulus package because doing nothing wasn't an option. He said the same thing about TARP; how'd that work out for you? Local governments in Middle Georgia are already lining up for their pieces of the pie.
According to the White House, the largest amount of benefit in Georgia from the ODAB will be in Republican suburbs of North Atlanta.
In response to bimbo baby factory Nadya Suleman, a member of the State Senate has introduced a bill to regulate fertility clinics.
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