George Wenschhof Bio
President Barack Obama will sign the 787 billion Stimulus bill today in Denver, Colorado - today is also when Chrysler and GM have to submit restructuring plans to the Treasury, a condition of the 13.4 billion in government loans given to them. The automakers are expected to receive an additional 7 billion in aid. Tomorrow, the president will be in Phoenix, Arizona to announce his new effort to help on the foreclosure front. The NY Times has more here.
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Meanwhile, stocks dropped worldwide - stocks in Europe and Asia dropped. The Euro fell while Gold climbed. The global economic crisis continues so it is important the Obama administration works in a concerted manner with nations around the world. Bloomberg.com has more here.
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Obama close to announcing troop increase in Afghanistan - the president has been weighing advise as to the size and the mission before he announces his decision. however, 3000 new troops just arrived in Afghanistan to bolster a weak area around Kabul. MSNBC.com has more here.
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Will Senator Roland Burris (D-Ill.) resign? - some Democrats are hoping that is what happens as the state of Illinois is preparing to investigate whether the Senator committed perjury when testifying before the impeachment panel of then Governor Rod Blagojevich (D-Ill.). Seems like Blagojevich will continue to haunt the Democrats for a little while longer. Politico.com has more here.
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Both NY Senator Kirsten Gillibrand and Governor David Paterson appear to be weak candidates for reelection - in yet another of the Democratic sagas involving a Governor selecting the replacement for a vacant senate seat. Gillibrand was selected to fill the vacant Hillary Clinton senate seat after an embarrassing series of events surrounding Caroline Kennedy who had expressed interest in the seat. A Quinnipiac poll shows Gillibrand trailing Representative Carolyn McCarthy (D) by 10 points and Governor Paterson trailing state attorney Andrew Cuomo (D) by 32 points. TheHill.com has more here
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Tuesday, February 17, 2009
Democratic Chatter 2-17-2009
Sunday, January 25, 2009
Democratic Chatter 1-25-2009
George Wenschhof Bio
President Barack Obama has 68% approval - In the first Gallup poll conducted since he became President. Only 12% disapproved of his performance so far. The poll was conducted January 21-23, 2009. Gallup.com has more here.
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NY Senator Charles Schumer backed Gillibrand - While better known contenders Caroline Kennedy and Andrew Cuomo had star power support, Krsiten Gillibrand had the support of Senator Schumer to be the replacement for the vacant Hillary Clinton Senate seat. However, Senator Gillibrand who was selected by Governor David Paterson, still has lots to prove to New Yorkers. Her 100% approval rating by the NRA hardly endears her to NY Democrats. Stay tuned to this as it is likely she will receive stiff Democratic opposition in the 2010 Democratic primary. MSNBC.com has more here.
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President Obama continues bipartisan approach - He is scheduled to meet with Republican Congressmen for lunch on Tuesday. Sure to be discussed is his American Recovery and Reinvestment Plan. Politico.com has more here.
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China's impact on U.S. economy comes under scrutiny - Timothy Geithner who is awaiting confirmation as Treasury Secretary, recently warned of currency manipulation by China. Of course, not mentioned was the huge amount of U.S. debt that China currently has an interest in. In this economic climate, the relationship between these two countries is critical. Keep an eye on this. Economist.com has more here.
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