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GM’s Wagoner Resigns with $20M Retirement

Via The Blotter… According to GM’s financial filings, Rick Wagoner “will leave his post as CEO of bailed-out General Motors with a $20 million retirement package.”
Although the Treasury Department has barred GM from paying severance to Wagoner or any other senior executive, Wagoner is eligible to collect millions in retirement benefits from his former employer, [...]

How Low Can Consumer Confidence Go?

Consumer confidence has hit “the lowest point” since the Consumer Confidence Index began tracking in 1967.

The Conference Board said Tuesday that its Consumer Confidence Index edged lower in January to 37.7 from a revised 38.6 in December.

Consumers are worrying about keeping their jobs, their homes and they are watching their savings being whittled away. Businesses, [...]

Obama Administration Embraces the Internet

The Obama Administration is embracing the internet, from changes on WhiteHouse.gov to officially tweaking “the name of a White House institution, the Weekly Radio Address,” by announcing that it’s now officially known as “President Barack Obama’s Weekly Video Address.”
“President Barack Obama plans to publish a weekly video address every Saturday morning of his presidency,” says [...]

Joe Biden Changes The Way The VP Office Will Work

According to Politico, Biden has made several key changes in the operations and scope of the VP Office.
In short, Biden will be no Dick Cheney – who redefined the office of the vice presidency to gather unprecedented influence and reach. Instead, Biden will serve the role of trusted backup, but someone who won’t be mistaken [...]

Kathleen Kennedy Townsend: Clinton has ‘grit’ to lead

Tomorrow voters will cast their votes in the Pennsylvania primary and then it’s on to Indiana and North Carolina.
Kathleen Kennedy Townsend was stumping in South Bend for Hillary on Sunday. She answered some questions for the South Bend Tribune after and event at St. Mary’s College.
Here’s a couple of quips from the interview:

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Economist.com Botches the Math in Its Upbeat Article

The often cited British economics online publication Economist.com (The Economist) released an article last Friday November 3rd called A Boost on Jobs. The report quoted the latest unemployment rate of 4.4 and went on to talk about an increase in earnings. The article over-states the annualized October increase in Average Hourly Earnings by a factor [...]

Kay O’Connor: Don’t let the door hit you on the way out

I don’t think that I am the only one to think that this is a good thing. Sometimes in life, you get to read a good headline. Outspoken? I think clueless is more inline with this typical conservative.
Kay O’Connor, an outspoken Republican conservative who once said women’s suffrage was a sign that society didn’t value [...]

Talking up John Kerry’s Top Points

Recently John Kerry came up with some key points that progressives need to use for the upcoming November elections. The points resonated with many of us and I agree they need to be repeated clearly and often. So I made up a list that can be used for posting or just getting them in your brain.

John Kerry on the Recess Appointment of John Bolton as U.S. Ambassador to the U.N.

The president has the right to make this recess appointment, but it’s the wrong decision. It only diminishes John Bolton’s validity and leverage to secure America’s goals at the U.N.