Government Efficiency
The problem with having the government involved in so many aspects of the economy is that it just isn’t very efficient (via the WaPo): Seven weeks after the Treasury Department announced that it was ousting General Motors chief G. Richard Wagoner Jr. in the federal bailout of the company, he is still technically on GM’s .. read more
Market Week in Review
In a week where change was the word on everyone’s lips, not a lot changed in the economic data. Jobless claims are still rising, housing is still in the dumps and the big financial insitutions are still struggling. With the economic dreariness as a backdrop, the stock market fell again, although only about 2%. Earnings .. read more
Obama’s Staff and Cabinet Picks
Via CBS News: Obama Cabinet Posts Commerce – Sen. Judd Gregg, R-N.H. Treasury – Timothy Geithner Labor – Rep. Hilda Solis, D-Calif. State – Sen. Hillary Clinton, D-N.Y. See All Picks
