Today before I began my conversation about Flannery O’Connor’s wonderful short story, “A Good Man is Hard to Find” I started with a short prayer from our “Book of Prayers and Meditative Thoughts.” Since I had been charged with hating Republicans recently, it was an interesting serendipity to find this gem: “Father, I know You tell us to love everyone, but some people make themselves so easy to hate. They are rude and arrogant, prejudiced and sometimes “out loud stupid.” God, forgive me, I probably look that way to them sometimes.
SPEAKER: PRESIDENT BARACK OBAMA [*] OBAMA: We’re about — I’m about to go to California, but I wanted to make sure that I had a chance to address all of you before we leave. And we’re going to have a town hall meeting there in which we’re going to be answering questions from voters about a whol…
If not distancing itself from Treasury Secretary Timothy Geithner, the White House is placing firmly on his shoulders responsibility for how the government handled the $165 million in bonuses paid to about 400 executives and traders at American International Group Inc.
"Secretary Geithner last week engaged with the CEO of AIG to communicate what we thought were outrageous and unacceptable bonuses," White House spokesman Robert Gibbs said Tuesday.
Then he volunteered the answer to a question being asked all over Washington: Did Geithner still enjoy President Barack Obama’s confidence, given the whopping bonuses the failed insurance giant paid Friday after receiving taxpayer bailout money?
Congressional Democrats careened between the circular firing squad and the three-ring circus Tuesday as they struggled with their new reality: playing defense on the economy.
Sen. Robert Menendez (D-N.J.) blamed Treasury Secretary Timothy Geithner for letting bailed-out insurance giant American International Group pay $165 million in bonuses to its employees, saying he wrote a letter to Geithner two weeks ago warning him of just such a possibility.
Sen. Chris Dodd (D-Conn.), tagged by Republican aides for sponsoring an amendment to the stimulus bill that allowed the bonuses, shifted the blame to the Treasury Department and “the bill conferees,” saying he had no idea that the AIG bonuses were coming.
Former President George W. Bush, making his first public speech since leaving office in January, says he wants Barack Obama to succeed and that it’s "essential" to support the new leader.
Bush declined to critique the Obama administration in Tuesday’s speech, saying the new president has enough critics and that he "deserves my silence."
Former Vice President Dick Cheney has said that Obama’s decisions threatened America’s safety. Conservative talk-show host Rush Limbaugh has said he hoped Obama would fail.
"I love my country a lot more than I love politics," Bush said. "I think it is essential that he be helped in office."
More than 100 protesters chanted "war criminal" and flung shoes in Calgary on Tuesday, angry that former U.S. President George W. Bush was in the Canadian city to give his first speech since leaving the White House.
At least two demonstrators were hauled away by police after brief skirmishes, as 1,500 business people in the oil patch city waited outside a convention center for an hour to pass through tight security and enter the C$400-a-plate ($315) luncheon.
Congress should identify banks or other financial institutions that have become so large their failure poses a systemic risk and should put them under federal supervision, according to the Independent Community Bankers of America.
"Excessive concentration has led to systemic risk and the banking crisis that we now face," C.R. Cloutier, president of MidSouth Bank in Louisiana, told the U.S. House of Representatives antitrust subcommittee on Tuesday.
President Obama yesterday made his first judicial appointment, naming U.S. District Judge David F. Hamilton to the federal appeals court, a choice excoriated by some conservatives even as the White House touted him as the type of moderate who could cool the nation’s long-simmering judicial battles.
U.S. efforts to help the Mexican government battle powerful organized crime networks are falling short, and a recent sharp spike in violence south of the border poses a growing threat to U.S. citizens, senators and independent experts told officials from three federal agencies yesterday on Capitol…