Iran will have enough enriched uranium to produce a nuclear weapon by the end of 2009. It will be interesting to see if President Obama’s plans to open a dialogue will indeed unclench the Iranian fist.
The Congressional Budget Office estimates that only $26 Billion of the House’s proposed $355 stimulus package will be spent this year. Democrats criticize the CBO’s analysis and, accordingly, have removed the report from the CBO website. President Obama may want to remind the House leadership that “Change” has come, marked by a new openness and transparency in Washington.
Speaker Pelosi wanted $200 million of the stimulus money to fund birth control contraceptives. The President, wisely, opposes the earmark – which likely signals its legislative demise.
Minority Leader John Boehner is urging Republicans to vote against the Stimulus bill. If the bill fails, the fault lies with the Speaker, who has done little to cultivate and foster Republican support, rather than the President who has made significant attempts to garner opposition support.
NYU Professor and Economist Nouriel Roubini, the man who rightly predicted the catastrophic decline in housing and the concomitant financial crisis, argues that nationalization of major US banks is the only way to prevent massive bank failure. Not good.
MM
