Monday, November 17, 2008

The LuLac Edition #641, Nov. 17th, 2008



Once campaign foes, President-elect Barack Obama and Sen. John McCain met to talk about how they can collaborate on issues facing the United States. "We're going to have a good conversation about how we can do some work together to fix up the country," Obama commented to the press at the beginning of his meeting with the Arizona senator. The president-elect went on to thank his former opponent for his "outstanding service." The private meeting at Obama's transition office in Chicago was the first since Obama beat McCain, the Republican candidate, in the Nov. 4 election. Obama, has been interviewing some of his one-time political opponents to help him run the country, but advisers to the former candidate have said they don't expect Obama to consider McCain for an administration job when the new president takes office on Jan. 20. In a way, that's a real shame because McCain can contribute a lot to any administration and really has no place to go within the GOP. Hey, take both Lieberman and McCain and put them somewhere. That would show bipartisanship. The two were joined by Republican Sen. Lindsey Graham, a McCain confidant, and Rep. Rahm Emanuel, a Democrat Obama has chosen as his White House chief of staff.
Emanuel and Graham have worked together before on issues in Congress, and Graham jumped to Emanuel's defense when Republicans criticized his appointment as Obama's chief of staff.


Citigroup Inc. getting rid of 53,000 more employees in the coming quarters as the banking giant struggles to steady itself after suffering massive losses from deteriorating debt. The New York-based bank, which has already reduced its assets by about 20 percent since the first quarter of the year, also plans to trim expenses by 19 percent in 2009 from third-quarter levels, to $50 billion. The plans, posted on the company’s Web site, were discussed by the CEO at the company’s town hall meeting in New York Monday with employees. The Citi sizedown is just another sympton of how bad this economy is. Still, administration and economic officials refuse to use the word "recession'. And just to show you how "out of whack" and how "concerned" big business pigs like CitiCorp are today, the company still plans to contribute 120 million dollars in naming rights for the Mets new ballpark in 2009, the old Shea Stadium. Yeah, bail them out while they screw employees out of jobs but still keep the old corporate banner hanging high. Can anyone say Enron?


At 3:56 PM, Anonymous Anonymous said...

I see where a South Carolina priest (catholic) is asking his parishoners who voted for Obama to repent! The far right religious cults just never give up! Gotta wonder sometimes what good old Jesus would think of some of this crap. Bishop Martino you aint alone, just wrong!

At 1:12 AM, Anonymous Anonymous said...

Bailing out corporations and leaving overpaid CEOs and Presidents in charge of operations makes no sense. These are the same people who ran their respective companies into the ground. A bail-
out should include a change in management and the complete elimination of absurd bonuses. I resent my tax dollars going to incompetent execs in the way of salary or a bonus! I do not resent money spent to save our economy, but common sense dictates changes at the top management levels. When coaches at any level in sports dont win, they lose their jobs and that includes High School!Lets get real. This country is in two wars
and the economy is in a recession and heading for a depression.The current CEO at GM sees no reason to step down. Just give him the money and let GM continue its failed policies seems to be his attitude.This mess didnt happen overnight and nothing changes without leadership changes! We finally got rid of a dud in the country's top job. Lets follow it on down the line.


At 8:06 AM, Anonymous Anonymous said...

Sorta like leaving the fox in charge of the hen house!!!!!!

At 12:39 PM, Blogger Coal Region Voice said...

I like the way the brought up about CEO experience during the campaign. Could it be overated?

Like Archie Bunker used to say, "God doesn's giva damn."


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