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Daily Reads

3 is the Magic Number

Politics

Harry Reid has gotten his last three holdout Democrats. His healthcare bill, which seeks to destroy what is currently the world’s best healthcare system, has enough votes to make it to the floor. Nelson, Landrieu and Lincoln were all compensated for their support.

Attacks on Federal Reserve and Treasury Roil Markets

Politics

Today will be an interesting one: “Political frustration over the rescue of Wall Street and high unemployment erupted in the House Thursday, with one committee threatening to impose tighter scrutiny on the Federal Reserve and another trading verbal insults with Treasury Secretary Timothy Geithner.”

Showdown Set for Health Care Bill as Reid Slogs On

Politics

“The Senate bill needs sixty votes to proceed to a floor debate, and Mr. Reid is expected to call a vote later this week, perhaps Saturday if not sooner. If the tally gets to sixty, that would open perhaps the most critical period of legislative action on American health care since Congress created Medicare.”

Obama’s Guarantee: Khalid Sheikh Mohammed Will Be Convicted and Executed

Obama: “I don’t think it will be offensive at all when he’s convicted and when the death penalty is applied to him.” But it’s hard for the Feds to make death penalties like these stick, if history is any guide. Will the White House play a role in the trial to ensure it?

Diplomacy Failures Dog Nobel Peace Prize Winning President

Politics

“If Mr. Obama hoped that his week-long four-country visit to Asia, his first as president, would yield concrete accomplishments that might silence critics skeptical that he deserves that prize, he might be disappointed.” Hu Jintao shows the upper hand in every area, even Iran policy, and POTUS bows to his wishes.

Is This the New Standard? Earnings High, But Revenue Low

Market

Welcome to the new reality: “A record number of U.S. companies beat earnings expectations in the third quarter, but a big portion of their profits came from cost-cutting, disappointing investors who were hoping for boosts in revenue.” Will this hold through Christmas? We’ll see.

Welcome to New York, Khalid Sheikh Mohammed and Pals

Politics

Get ready for a whole host of legal issues and challenges now that these terrorists are on US soil. “Khalid Sheikh Mohammed, alleged mastermind of the Sept. 11, 2001, terrorist attacks, and four others accused in the attacks will be put on criminal trial in New York, Attorney General Eric Holder is expected to announce.”

Obama Rejects All War Options, Afghan Ambassador Disapproves of More Troops

Politics

They give a Nobel Prize for inability to make a command decision, right? “President Barack Obama does not plan to accept any of the Afghanistan war options presented by his national security team, pushing instead for revisions to clarify how and when U.S. troops would turn over responsibility to the Afghan government.”

Obama Considers “Hybrid” Afghanistan Solution, Compromise Would Combine Troops, Trainers to Boost Local Military

Politics

“President Barack Obama on Wednesday will consider a new compromise plan for adding troops to Afghanistan that would deploy 30,000 to 35,000 new forces, including as many as 10,000 military trainers, over the next year or more.” The amount of time that has passed since this decision needed to be made is astounding.

Obama Speaks Out on Jobs, Health Care and More — but Not Afghanistan

Politics

White House denies decision has been made. “I’ve been asking not only Gen. McChrystal, but all our commanders who are familiar with the situation, as well as our civilian folks on the ground, a lot of questions that, until they’re answered, may create a situation in which we resource something based on faulty premises.”

- November 21, 2009 -

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