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Change That at Least Some People Can Believe In

Although he hasn't yet taken the oath of office, President-elect Barack Obama has already made appointments, offered comments about the Middle East and sketched out the elements of an economic stimulus package that he hopes to be able to sign. Predictably, some observers are already talking about the "several hits" that Obama has taken, a reference to the withdrawal of New Mexico Gov. Bill Richardson's (D) nomination for the top job at Commerce and the mishandling of the appointment of Leon Panetta to head the CIA. But these problems are minor, and the reaction to most of the incoming administration's appointments has been positive. But that doesn't mean everyone is thrilled with everything Obama has done.

Obama Shouldn't Cave to the Right on Tax Cuts
WASHINGTON -- Of all the ailments sapping the U.S. economy, failure to cut taxes isn't one of them. The Bush administration has been an extravagant orgy of tax-cutting. Taxes were cut in 2001 by $1.35 trillion over 10 years. In 2003 they were reduced by another $350 billion. Tax cuts came again in 2004 ($146 billion) and, for good measure, in 2006 ($142 billion).

The Empty Case For More Regulation
If there is anything we have learned from the crisis in the financial sector, it's the urgent need for more regulation. Had federal regulators been more vigilant or wielded greater powers, all this suffering and heartache might have been averted. That's the story we've been told, and it must bring a rare smile to the face of Bernard Madoff. Madoff was the manager of a Wall Street investment fund that he allegedly confessed to his sons was "one big lie" and "a giant Ponzi scheme." But "giant" fails to capture the scale of his fraud, which may have lost $50 billion, more than the entire gross domestic product of most of the countries on Earth.

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Partridge, pear tree, etc.: $86,609
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Original: http://money.cnn.com/rssclick/2008/12/01/news/economy/bc.na.us.twelvedays.cos.ap/index.htm?section=money_news_funny
01.12.2008

'Bailout' is 2008 word of the year
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Original: http://money.cnn.com/rssclick/2008/11/25/news/funny/bc.wordoftheyear.ap/index.htm?section=money_news_funny
25.11.2008

Bull vs. Bear smackdown
These guys know how to laugh off a bear market.
Original: http://money.cnn.com/rssclick/galleries/2008/fortune/0810/gallery.cendrowski_bear.fortune?section=money_news_funny
28.10.2008

Today is 08.01.2009.
This is 7. day 2009 year.
Hour: 18:59:09