Immediate government investment is needed to jump start economic recovery and speed the arrival of an economy powered with clean and secure sources of energy. The U.S. cannot count on future economic growth unless the federal government moves ahead now with the important structural transformations necessary for a low-carbon economy.
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December 2nd, 2008

Is the corporate media really working up a froth over the auto industry bailout plan because the CEO’s of the Big Three have pledged to work for a dollar a year. Seriously?!?
Big friggin’ whoop. I wanted those idiots out, like yesterday.
After all, this is the same stunted brain trust which decided to walk away from the Partnership for a New Generation of Vehicles. Oh, and one of it’s elder statesmen, GM’s Bob Lutz, continues to claim global warming is “a total crock of shit”.
Hey big time media types, this is the real deal breaker, not the dollar a year PR stunt. Either Detroit agrees to only build plug-in hybrids and/or electric cars or there will be no money.
Why? Because paying Bob Lutz a dollar a year to deny reality, is still a gigantic waste of the tax payers money.
December 2nd, 2008

No one could have predicted this:
“These mortgages have been considered more safe and sound for portfolio lenders than many fixed rate mortgages,” David Schneider, home loan president of Washington Mutual, told federal regulators in early 2006. Two years later, WaMu became the largest bank failure in U.S. history.
Would lead to this:
JPMorgan Chase is laying off 3,400 Washington Mutual employees in Seattle, according to spokesman Tom Kelly. That’s more than 80 percent of the 4,300 people it employs in the city.
And this:
As it shrinks staff, JPMorgan will empty most of the leased space in downtown Seattle used by WaMu, the biggest occupant of downtown office property. It may even empty a big piece of its 2-year-old WaMu Center headquarters tower, now owned by JPMorgan.
That’s triple, trickle-down action!
December 2nd, 2008