Banner day for Obama, he's showing that Democrats and Republicans really can find common ground.
Automakers, Obama announce mileage, pollution plan. Associated Press
A real feather in the cap of both the most popular Democrat (Obama) and arguably the most popular Republican (Schwarzenegger). It's truly amazing that he was able to get Democrats, Republicans, and even automakers on board for this plan. The only real losers are the oil companies and I'm sure everyone will feel very sorry for them.
Senate passes bill to restrict credit card practices. By David Stout, NYT
The bill passed 90-5, meaning almost universal approval across both parties. Definitely a big victory for Obama, but also for the Republican Party showing that they aren't just a "no" machine. the bill itself is a no-brainer, with even the downside (a possible decrease in the availability of consumer credit) being a probable upside by controlling inflation following the deflation we're experiencing with the bursting of the credit bubble.
Obama, Netanyahu discuss U.S.-Israeli disagreements. CNN
It's nearling impossible for Irael to negotiate a two-state solution with the Palestinians when they are in conflict regarding their own leadership. Israel and the U.S. could support the Palestinian Authority in their struggle for power against Hamas in exchange for a two-state agreement. But Hamas is very popular with Palestinians in Gaza, so the destruction of Hamas is not a likely solution. Regardless, Obama seems to strike a nice even tone of supporting Israel withough giving away the store.
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Not too jazzed about the mileage plan, but I think the credit card thing is WAY overdue. Those companies have been getting away with alot for a long time.
ReplyDeleteAs for the car stuff at least we'll still be able to buy fun cars like the mini cooper S. I can still tear up some twisties with that. Although a V8 is quite fun too. I probably won't sell mine. But who knows...