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Archive for January 4th, 2009

Cheney: Bush’s actions legal if not impeached

Raw Story- Andrew McLemore
Published: Sunday January 4, 2009

If you don’t get punished, you didn’t go anything wrong, right?

That’s the message Vice President Dick Cheney gave in an interview with CBS‘ Bob Schieffer on Sunday, suggesting that a president’s actions are legal if those actions didn’t result in his impeachment.

Asked by Schieffer if he believed that anything the president does in time of war is legal, Cheney said there is “historic precedent of taking action that you wouldn’t take in peacetime.”

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(AP Photo/Charles Dharapak)

(AP Photo/Charles Dharapak)

Va. Governor Kaine to Become DNC Chairman

Washington Post Staff Writer
Sunday, January 4, 2009; 4:35 PM

Virginia Gov. Timothy M. Kaine will become chairman of the Democratic National Committee later this month, serving as the top political messenger for Barack Obama‘s administration even while he finishes his final year in the governor’s mansion, several sources said.

Kaine, who emerged as one of Obama’s vice presidential finalists this summer, will operate from Richmond in a part-time capacity until January 2010, when he will become the full-time DNC chairman. Kaine is constitutionally barred from running for reelection.

A personal friend of the president-elect, Kaine is a gregarious chief executive who is known to relish political combat and helped put Virginia in the Democratic column for the first time in almost 50 years.

Obama transition aides declined to comment today, and Kaine aides did not return calls seeking comment. Two sources said Obama will announce his choice of Kaine for the post later this week.

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By The New York Times | January 4, 2009, 1:50 pm

President-elect Barack Obama listening to New Mexico Governor Bill Richardson speak at the Dec. 3, 2008, news conference announcing Mr. Richardson’s nomination as commerce secretary. (Tannen Maury/European Pressphoto Agency)

President-elect Barack Obama listening to New Mexico Governor Bill Richardson speak at the Dec. 3, 2008, news conference announcing Mr. Richardson’s nomination as commerce secretary. (Tannen Maury/European Pressphoto Agency)

Update | 2:04 p.m. Gov. Bill Richardson of New Mexico confirmed in a statement released Sunday afternoon that he has withdrawn his name as the commerce secretary nominee, citing a pending “investigation of a company that has done business with New Mexico state government.”

In a separate statement, President-elect Obama has confirmed that he has, with “deep regret”, accepted Mr. Richardson’s withdrawal. (more…)

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Leaders of a New York campaign to help the jobless in 1932. The unemployment rate is expected to peak at 8 or 9 percent.

Some Forecasters See a Fast Economic Recovery

Published: January 2, 2009

Economics as the dismal science? Not in some quarters.

In the midst of the deepest recession in the experience of most Americans, many professional forecasters are optimistically heading into the new year declaring that the worst may soon be over.

For this rosy picture to play out, they are counting on the Obama administration and Congress to come through with a substantial stimulus package, at least $675 billion over two years.

They say that will get the economy moving again in the face of persistently weak spending by consumers and businesses, not to mention banks that are reluctant to extend credit.

If the dominoes fall the right way, the economy should bottom out and start growing again in small steps by July, according to the December survey of 50 professional forecasters by Blue Chip Economic Indicators. Investors seemed to be in a similarly optimistic mood on Friday, bidding up stocks by about 3 percent.

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