Wednesday, February 25, 2009

What You Need to Know: 02.25.09

Obama Vows, ‘We Will Rebuild’ and ‘Recover’
"President Obama urged the nation on Tuesday to see the economic crisis as reason to raise its ambitions, calling for expensive new efforts to address energy, health care and education even as he warned that government bailouts have not come to an end.

In his first address to a joint session of Congress, Mr. Obama mixed an acknowledgment of the depth of the economic problems with a Reaganesque exhortation to American resilience. He offered an expansive agenda followed by a pledge to begin paring an ever-climbing budget deficit."

In GOP Response, Jindal Blasts Stimulus
"Louisiana Gov. Bobby Jindal (R) continued his sharp criticism of the stimulus signed into law last week, as the man some Republicans view as the potential savior of their party used his response to President Obama's address to a joint session of Congress last night to challenge the vision laid out in the recovery package.

Delivering the official GOP response to Obama from the governor's mansion in Baton Rouge, Jindal defended the virtues of small government that he said even his own party had abandoned in recent years."

Obama Favoring Mid-2010 Pullout in Iraq, Aides Say
"President Obama is nearing a decision that would order American combat forces out of Iraq by August 2010 as he seeks to finally end a war that has consumed and polarized the United States for nearly six years, senior administration officials said Tuesday.

The timetable would give the military three months more to withdraw than the 16-month pullout Mr. Obama promised last year on the campaign trail. Officials said he was prepared to make that shift because he agreed with the concerns of ground commanders who wanted more time to cement security gains, strengthen political institutions and make sure Iraq did not become more unstable again."

One Illinois Senator Tells the Other to Step Down
"Richard J. Durbin of Illinois, the Senate’s No. 2 Democrat, met privately Tuesday with the state’s junior senator, Roland W. Burris, to suggest that he resign but was rebuffed, Mr. Durbin said.

“He said he would not resign, and that was his conclusion,” Mr. Durbin said. He said Mr. Burris, who recently acknowledged that he had tried to raise money for former Gov. Rod R. Blagojevich before being appointed to fill the seat vacated by President Obama, also said he had not made up his mind about seeking election in 2010. Mr. Durbin told him it would be “extremely difficult for him to be successful in a primary or general election under the circumstances.”"

Obama hopes its 3rd time lucky for Commerce
"Maybe the third time will be the charm. President Barack Obama can only hope.

On Wednesday, he named former Washington Gov. Gary Locke as his commerce secretary on Wednesday after his top two choices for the post fell through."

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