More Economic Stimulus On The Way and Hiring in a Recession

Government and Economy Pelosi: House Stimlus Bill to be Ready SoonSpeaker Nancy Pelosi says the House will have an economic stimulus bill ready by early January. Pelosi said Tuesday that members of the House are "working on that right now." Promises Promises: Obama Budget Cuts Face Hurdles Barack Obama promises to cut out wasteful programs. But with entire chapters of the $3 trillion federal budget essentially off limits and congressional Democrats ready to defend farm subsidies, weapons systems and home-state pork barrel projects, can he do it? [Read Full Article]

Richardson Named Obama's Commerce Secretary

Government and Economy Obama Names Richardson as Commerce Secretary New Mexico Governor Bill Richardson has been chosen to join the Obama administration as Commerce Secretary, President-elect Barack Obama announced Wednesday at a press conference. Fed: Economy Darkens Heading into HolidaysWASHINGTON (AP) - The country's economic picture has darkened further as Americans hunkered down heading into the holidays, forcing retailers to ring up fewer sales and factories to cut back on production. [Read Full Article]

Public Officials and Corruption—The Chinese Way

The Associated Press this morning has reported that: A court clerk says a former Beijing vice mayor in charge of overseeing Olympic construction projects has been given a death sentence for corruption.The Intermediate People's Court in Hengshui, a city outside Beijing, ordered the death sentence Saturday after finding Liu Zhihua guilty of taking bribes.But a court clerk says the sentence was "suspended" for two years.The reprieve means if Liu shows good behavior his sentence will be commuted to life imprisonment. Now, don't get me wrong, I am not all for making corruption over here a capital offense, but it really does beg the question regarding those so-called public servants who set the current economic crisis in motion, prevented anything from stopping it over the years and are now using it to lionize themselves, push pork and hammer John McCain, the one person on record in this mess to have actually tried to solve the problems while they... [Read Full Article]

China to Save Capitalism? They're kidding, aren't they?

The cartoon, in the tradition of all good political cartoons, gets right to the point: My question is this: Is this offering from The Australian newspaper right? I mean, about the part where Communist China saves capitalism. We already know they are loving this. Leaving off the bits about human rights, tainted baby formula, lead paint on kid's toys and the undeniable link with that all American bugaboo, Wal-Mart, when it comes to supporting business, the Chinese seem to have seen the light. Yep, after decades of a backward, appallingly inefficient centralized economy that turned things like food into luxury items, the Chinese seem to have discovered some things that Western capitalist societies have known about for years—money, trade, international relations and respect.... [Read Full Article]