Codifying "Too Big To Fail"

President Obama today laid out his plans for increasing regulation of the financial sector (only them for now) that includes codifying "too big to fail."  It also seeks a lot of new consumer protections, including regulating terms of mortgages and credit cards.  Despite that, Obama says that he wants government to have a "light touch."

 

After the $1 trillion CBO prediction of the cost of the Senate Democrats' health care plan, the Obama administration is trying to distance itself from the bill.  That estimate is only about a fourth of what it would actually cost to accomplish the stated goals of the Democrats.  Health and Human Services Secretary Kathleen Sebelius is playing up the idea of competition in health care, which is ironic considering that they never seem to care about competition unless it works for them.  The U.S. Chamber of Commerce has also criticized the plan, which could make it more difficult for politicians who want to appear to be business-friendly to support it.

 

Even Obama's brownshirts are having trouble pimping the socialized medicine plan (some of them think it's not socialist enough), but the administration is getting the support from the major media that covers up things like his statement that "single-payer" systems work other places.

 

In a message to the United States, China is selling American bonds.  They are also requiring projects under their stimulus plan to be made with all Chinese goods in a response to the "buy American" from our stimulus.  This is why protectionism doesn't work for anybody.

 

Obama claims that the national debt keeps him up at night, and he is predicting that unemployment will reach 10%.  At the same time, he predicts that economic growth will prevent the need for tax increases on anybody who's not already part of the targeted rich class.

 

Prices for SUVs are up because that's what people want, but supply is down this year.

 

The Democrats are having trouble raising money, despite Obama's fundraising prowess last year.  They tapped themselves out last year, and now they don't have the Bush boogeyman to be angry with.

 

Obama blasted Fox News in an interview on CNBC, complaining that they are "entirely devoted to attacking [his] administration."

 

The head of the International Atomic Energy Agency says that Iran wants nuclear weapon technology.  All together now:  Duuuuuuuuhhhhhhhhh!

 

Obama's nominee to be the FCC Chairman says that he does not support reinstating the Fairness Doctrine.

 

Now the IRS wants to dump the cell phone tax entirely, rather than trying to enforce it more strictly.  Sunshine is the best disinfectant.

 

The AmeriCorps Inspector General who was fired for doing his job is now being attacked by the Obama administration.

 

Same-sex partners of federal employees will get federal health benefits under a new executive order from the Obama administration.  He had to give some payoff to the gay lobby.

 

The Houston County Board of Commissioners passed a budget last night that will require a tax increase.  The Perry City Council managed to pass their budget without any tax increases, but there will be increases in service fees.

 

Warner Robins wants to crack down on illegal gambling in the city.  Lord forbid the government have any competition in the gambling industry.

 

The state will not allow a man who hit a bear on I-75 in north Georgia to keep the bear because it's not bear season.

 

A new poll shows Oxendine and Barnes leading in the primary races for Governor, but Oxendine has hit a plateau.