The Chinese are worried about their investment in American debt. They're concerned that too much debt will lead to inflation, which would make their investment a losing one. At least they'll be comforted by White House spokesman Robert Gibbs saying that the United States is the safest investment in the world. For those of you who remember Schoolhouse Rock, you'll enjoy this take on the national debt.
Obama's poll numbers are falling. He's starting to take ownership of the economy, which is why all of a sudden, President Obama has decided to stop talking down the economy and start saying that it's "not as bad as we think." His top economic advisor even said that the key to ending the recession is ending an "excess of fear," despite the fact that it was Obama and his cohorts in the navel-gazing media who talked the economy down to begin with. The stock market has been moving up the last few days, but nobody is giving credit to the "stimulus" package; instead, there's a buzz that the mark-to-market rules might be changed. Consumer confidence also increased, and the number of consumers who think that President Obama is doing a good job on the economy rose to 23%.
With all of the important things going on in the United States, Congress took time yesterday to honor Pi.
Obama administration incompetence continues, as they bumped a visit with the President of Brazil in favor of St. Patrick's Day and misspelled his name.
Obama's third choice for Deputy Treasury Secretary has withdrawn from consideration.
One of Obama's Justice Department nominees was a lawyer for Johnny Taliban.
Jonah Goldberg calls the fear mongering of the Obama administration "fundamentally undemocratic." Actually, it's completely democratic.
Two lesbian married partners had a fight after one tried to use a turkey baster on the other.
A woman was injured during an act involving a sex toy and a reciprocating saw.
Some of the stuff that passed on Crossover Day yesterday:
Private contractors could be allowed to collect child support instead of only the government (think collections agents for deadbeat dads).
The House approved a new dolphin license plate.
The Senate passed a version of the stem-cell bill last night after having to take a recess to rewrite it at the last minute.
The House passed a bill to increase the limit on games of BINGO.
The Senate passed a tax ethics bill that would take action against any member who doesn't file their taxes, but only state taxes and only in the previous year.
Governor Perdue seems to like the stem-cell bill, but is not yet sure about the car title tax.
Erick Erickson said in today's Macon Telegraph what I've been thinking for most of this session: the Republicans are becoming the establishment in Atlanta.
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