Top Newstories — March 17, 2009
Happy Saint Patricks Day — wishing you the best and hope you receive the luck of the Irish.
The morning papers are filled with one company — AIG. Under the auspices of Bipartisan support several members of congress are outraged over the bonuses being paid out to the near bankrupt and mostly taxpayer owned firm. This has created panic within the Obama administration, which began to reverse course on Monday with Press Secretary Gibbs revealing, ”the administraiton is taking the steps today to go back and see what can be done!”
These recent events have eroded some of the political capital that President Obama received when he won a landslide victory over John McCain, and many pundits are curious over whether this will eventually erode a high favorable rating for the President. Others, on the other hand, are afraid of what this public outrage might mean for other programs that Obama wishes to press including health care, climate change, and education.
Morning Headlines:
Bonus Furor May Prompt Limits on AIG Bailout Money — Phillip Elliot
Washington Still Writing Stimulus Rules — Matt A. Puzzo and Brett J. Blackedge
The Case For Paying Out Bonuses at AIG — Andrew Ross Sorkin
Firm’s Turmoil Depletes Obama’s Political Capital — Michael D. Shear and Paul Kane
Clinton,Obama Honor Women At State Department — Washington Post
China Gains Key Assets In Spate of Purchases — Ariana Cha
Stimulus Plans Face Local Road Blocks — Michael M. Phillips
Gates Readies Big Cuts In Weapons — Bryan Bender
Obama Acts To Boost Small Business Lending — Maura Reynolds
10 Winners In Recession — US News
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