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POPSThe Bailout: Obama's Turn This is going to grow into a much larger story in the coming months. The original $700 billion in TARP money is not nearly enough to grease the credit markets, buy up bad assets and provide foreclosure relief to millions of homeowners. After the inaugural parties, are over, the Obama administration deals with the task of remedying the country's economic hangover. First step: spending the remaining $350 billion in TARP money (actually a little less, because some of it is already spoken for). Why should the Bush administration have all the spending fun?
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POPSObama, Daschle, and Blagojevich Questions about Obama's (and his staff's) interactions with Blagojevich dominate the news conference. Not surprising. But why did Obama wait so long to officially nominate Daschle, one of the first names floated in the Cabinet-naming process?
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POPSThe Best and the Brightest at DOE This pick would certainly fit in with Obama's pattern of hiring extraordinarily smart people: Chu won the Nobel Prize in Physics in 1997. But can he manage the Department of Energy?
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POPSNot Rubinomics Part II Nice take from NYT's Jackie Calmes on the influence of Bob Rubin on Obama's economic team. But don't expect the Obama era to be a reprise of Rubinomics, which focused on balanced budgets and deregulation. There's going to be much deficit spending and a shift towards regulation in the next few years.
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POPSNapolitano to DHS Obama's selection of Napolitano as Homeland Security Secretary shows that he's thinking about immigration policy. But DHS encompasses a lot more than just immigration--including cyber security, transportation security and disaster relief. What are your thoughts on Napolitano and Obama's other reported Cabinet picks--Eric Holder as Attorney General and Tom Daschle as HHS Secretary? And what of Hillary Clinton as a potential Secretary of State?
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POPSOrszag As Budget Chief? A good choice for Obama, if this report is true. Orszag is one of the top budget experts in Washington, and he'd be a young face in the next administration.
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POPSLarry Summers for Treasury Secretary Of course he's not the only one being mentioned to replace Hank Paulson if Obama wins on Tuesday. Other notables: FDIC Chairwoman Sheila Bair and former Treasury Secretary Robert Rubin. Here's a comprehensive list from Politico on what an Obama administration might look like.
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POPSObama's VP Pick Friday? This might lend credence to the possibility that he'll pick Friday, and use the momentum to carry him into the Democratic convention next week.
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POPSCrude Political Ads Who likes crude? It appears that both presidential candidates have received quite a bit of funding from the oil industry, though McCain far more than Obama, according to the Center for Responsive Politics
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POPSObama: Getting Closer to an Energy Policy Obama suggests tapping the Strategic Petroleum Reserve. So far, he hasn't outlined a comprehensive energy policy. Expect him to pay closer attention to this issue as a response to McCain's ad campaigns
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POPSGoing Ba(ra)ck On His Word? Obama opts to pursue private financing, resulting in a blitz of protest from McCain's camp. This was expected as Obama raised an unprecedented level of cash during the primaries. It also invites more scrutiny of his donors.
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