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Thursday, February 19, 2009

Democratic Chatter 2-19-2009

George Wenschhof Bio

President Barack Obama to visit Canada today - he is expected to arrive mid-morning and meet with Prime Minister Stephen Harper in the afternoon. ThePage.time.com has more here.

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Federal Reserve Chair Ben Bernanke downgrades economic outlook for 2009 - in what should be no surprise by now, it appears the recession will continue throughout the year. Unemployment projections are as high as 8.8%. The concern remains falling prices and lack of spending. Reuters.com has more here.

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Last month's housing starts lowest on record - more economic bad news as town homes and multifamily starts dropped by 28%. The Northeast was particularly hard hit with a drop of 43%. The Midwest region experienced a drop of 29%. January has never been a big month for house starts, but a 28% drop was not expected. Bloomberg.com has more here.

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AP/Gfk poll shows 47% of Americans worry about losing their jobs - yikes! This is up from 28% in February 2008. Another 65% worry about paying their bills. 62% agree with what President Obama is doing to work with Republicans to aid the economy. The poll was conducted from February 12-17. MSNBC.com has more here.

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Clean Energy Summit to be held in D.C. next week - the invited guests will include former President Bill Clinton, former Vice President Al Gore and T. Boone Pickens. Although the just passed Stimulus bill included funding for clean energy, Senate Majority Leader Harry Reid (D-Az.) intends to pass another energy bill within the next several weeks. Jeff Bingaman (D-NM) who is chair of the Senate Energy and Natural Resources committee has been tasked with writing the legislation. Reid also says the Senate will be introducing by summer, legislation pertaining to climate control. The Washington Post has more here.

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Kansas Governor Kathleen Sebelius in line for Secretary of Health and Human services - this Cabinet position has been without a nominee since Tom Daschle withdrew due to tax issues. Sebelius was an early supporter of President Obama and at one time rumored as a candidate for Vice President. The HHS Secretary is very important in the Obama administration as they will be responsible for developing and shepherding through Congress his healthcare program for Americans. The vetting process is expected to continue for another week. The NY Times has more here.

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Attorney General addresses race during speech at Justice Department - during a celebration of Black history month, Eric Holder spoke of how race issues need to be openly discussed among Americans. Holder's use of the phrase we are "a nation of cowards" when referring to the need to discuss these issues will be debated by the pundits. CNN.com has more here.

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