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Featuring breaking political news and commentary on local, state, and national issues.

Friday, March 4, 2011

Daily Political Wire

George Wenschhof

Unemployment Drops To 8.9% -
the lowest level since April 2009. Payrolls grew by 192,000 in the month of February. has more here.


Closing Fannie Mae and Freddie Mac Will Impact Mortgages -
the two government run mortgage giants have lost more than 100 billion and the move to shut them down is embraced by both Republicans and Democrats.

What is not known is how their closing will impact the housing industry and the economy. The NY Times has more here.


Rebels Continue Battle to End Gadaffi Rule -
skirmishes continue between loyalists to Gadaffi and rebels who demand Gadaffi step down. has an update below.


Newt Gingrich Starts Website -
a bit of a stumble as he rolls out his campaign for the Republican presidential nomination in 2012. He says he is exploring a run and has started a website which can be reached here. A spokesman said that Gingrich had not filed a campaign committee yet. Interesting, as the most prominent part of the homepage of his website is a "Donate Here" link. A candidate can not raise funds until a committee has been filed. The Washington Post has more here.


Obama Relection Campaign Fundraising Begins -
while official efforts from the reelect committee have yet to begin, former White House chief of staff Jim Messina has begun high end fund raising efforts with the creation of a "national finance council" which couples can join for only $61,600. The money would go to the Democratic National Committee. Federal campaign finance guidelines allow up to $70,000 per individual to campaigns, committees, and Pacs. has more here.

Campaign Finance Reform, anyone?


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