Nero errr..... Obama Fiddles While Rome Burns

http://biz.yahoo.com/ap/090305/wall_street.html?.v=26

Investors fled Wall Street as fear grew about the stability of the nation's largest banks and worries mounted about General Motors Corp. The major market indicators resumed their slide Thursday after a one-day rally, falling to levels not seen in more than a decade as investors contended with more disheartening economic data, new concerns about the stability of GM and ongoing uncertainty about the financial system.

The Dow Jones industrial average fell more than 250 points, and the big indexes were all down more than 3 percent.

In the mean time, back a the White House..... H/T Tammy Bruce: http://tammybruce.com/

http://www.boston.com/news/politics/politicalintelligence/2009/03/guess_who_came.html

In his latest outreach to the legislative branch, President Obama had the leaders of congressional committee and their spouses over for dinner Wednesday night.

The menu: celery soup, mushroom crisps, steelhead salmon, saffron couscous, crispy spinach and greens, and milk chocolate velvet cake.

"We just want to say welcome on behalf of Michelle and myself. We're so glad all of you could join us," Obama told his guests.

Yea, Well. It's all on our dime, so what the hell.

Oh and while I'm at it, let's bring this up:

US Treasury secretary attacks oil, gas tax breaks

http://in.reuters.com/article/oilRpt/idINN0454844120090304

WASHINGTON, March 4 (Reuters) - U.S. oil and natural gas producing companies should not receive federal subsidies in the form of tax breaks because their businesses contribute to global warming, U.S. Treasury Secretary Timothy Geithner told Congress on Wednesday.
It was one of the sharpest attacks yet on the oil and gas industry by a top Obama administration official, reinforcing the White House stance that new U.S. energy policy will focus on promoting renewable energy sources like wind and solar power and rely less on traditional fossil fuels like oil as America tackles climate change.

"We don't believe it makes sense to significantly subsidize the production and use of sources of energy (like oil and gas) that are dramatically going to add to our climate change (problem). We don't think that's good economic policy and we think changing those incentives is good for the country," Geithner told the Senate Finance Committee at a hearing on the White House's proposed budget for the 2010 spending year.

Because in the middle of a global economic crisis, with our own economy tanking, and the DOW falling to levels that we haven't seen since I was in high school, 25 FREAKING YEARS AGO! we have to do something about those 'greenhouse gases' that might (or might not), perhaps, maybe (or not) raise our average global temperature by one degree over the next 100 years. and THAT is WAAAAAAYYYYYY more important than average, everyday people being able to buy a tank of gas to... oh I don't know..... GO TO WORK!