A new plan for the banking crisis? Plus: economic stimulus, bipartisanship and child care

February 10, 2009 | Alex Stone

Geithner pledges forceful attack on banking crisis: Treasury Secretary Timothy Geithner says the new administration will wage an aggressive two-front battle against the worst financial crisis in seven decades, while the Federal Reserve expands a key lending program to up to $1 trillion.

Pass stimulus, Obama urges, to avoid ‘catastrophe’: President Obama declared in his first prime-time news conference Monday night that the task of saving and creating jobs is more important than cultivating the bipartisan cooperation he promised to bring to Washington and pressed his case for the massive economic stimulus plan working its way through Congress.

Paul Krugman: Destroying the country from the center: What do you call someone who eliminates hundreds of thousands of American jobs, deprives millions of adequate health care and nutrition, undermines schools, but offers a $15,000 bonus to affluent people who flip their houses? A proud centrist. For that is what the senators who ended up calling the tune on the stimulus bill just accomplished.

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Posted in Health Care, State Economy, Tax and Budget, Work & Family

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