Krugman: $10 trillion available for economic rescue

Princeton economic professor Paul Krugman told ABC’s Good Morning America that the U.S. economy could afford up to $10 trillion in stimulus programs.

“How much money can the government spend in rescuing the economy? The answer is alot. It’s not unlimited. You know, a trillion here, a trillion there and soon you’re talking about real money. Advanced countries with stable governments — which is us — can borrow up to 100% more than that of GDP and you work that out and we probably have $10 trillion of running room if we have to use it. I don’t want to get there but we’ve got a long ways to go.”

This video is from ABC’s Good Morning America, broadcast Dec. 2, 2008.

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Joan Walsh calls out ‘condescending’ Christopher Hitchens

Salon Editor in Chief Joan Walsh faced of against British author Christopher Hitchens over Barack Obama’s nomination of Hillary Clinton as Secretary of State.

Hitchens argued that Obama has chosen Clinton for political reasons and that Clinton is not qualified to be Secretary of State. “This woman doesn’t have foreign policy experience and the experience she has claimed — such as in Bosnia — was fabricated and fake,” he said.

Walsh countered that Clinton’s selection wasn’t about domestic politics. “I genuinely think if [Obama’s] got an eye toward politics, it’s global politics. He wants the strength of the Clinton name, the Clinton brand,” said Walsh.

“She’s always thinking first about herself, second about her husband,” said Hitchens.

“I prefer barack obama’s opinion. His opinion matters,” quipped Walsh.

Chris Matthews asked Hitchens if Bill Clinton could be used to help negotiate peace in world hot spots like the dispute between Pakistan and India.

Hitchens responded, “Someone who’s main clientele is the Saudi royal family of Saudi Arabia who have paid for the people who just blew up Bombay, I don’t think would be an idea mediation. No. But that’s just my opinion, as Mrs. Walsh would say.”

Walsh seemed to take offense. “Christopher, you can call me Joan. I’ve had dinner at your house. That seems condescending to call me Joan.”

“If I had said ‘Joan’ you would have said I was being condescending,” replied Hitchens.

“Hardly. Not at all. We’ve had drinks together,” replied Walsh.

This video is from MSNBC’s Hardball, broadcast Dec. 1, 2008.

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Stewart: Fox becoming ‘panic room’ for conservatives

Jon Stewart looks at MSNBC’s political leanings and compares MSNBC anchors with their apparent counterparts on Fox News.

This video is from Comedy Central’s The Daily Show, broadcast Dec. 1, 2008.

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Jeb Bush: GOP should create ‘a shadow government’

Former Florida Governor Jeb Bush told Newsmax correspondent Ashley Martella that Republicans should create “a shadow government” to challenge Democrats.

“In Washington we need to show humility and be the loyal opposition. I actually think we need to organize ourselves the form of a shadow government and make it based on policy and not on partisanship,” he said.

Bush believes that the Republican Party needed to broaden is appeal and avoid being “the old white-guy party.”

“It means recruiting candidates that look like the population we are trying to attract to our cause,” said Bush.

Newsmax has more details here.

This video is from Newsmax.com, broadcast Dec. 1, 2008.

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Caught on video: Police beat Mumbai suspect

Grainy cell-phone video obtained exclusively by CBS News allegedly shows police beating the only suspect to be caught alive in the Mumbai, India terror attacks.

This video is from CBSNews.com, broadcast Dec. 1, 2008.

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Obama announces Clinton, Gates for his cabinet

The Associated Press reported:

“President-elect Barack Obama on Monday announced a foreign policy team led by former campaign rival Hillary Rodham Clinton and President Bush’s defense secretary, Robert Gates — both early supporters of a war in Iraq that he opposed and will be seeking to wind down.”

“At a news conference, Obama also introduced retired Marine Gen. James Jones as White House national security adviser, former Justice Department official Eric Holder as attorney general and Arizona Gov. Janet Napolitano as secretary of homeland security.”

“The announcements rounded out the top tier of the team that will advise the incoming chief executive on foreign and national security issues in an era marked by wars in Iraq and Afghanistan and terrorism around the globe.”

RAW STORY has more details here.

This video is from MSNBC’s News Live, broadcast Dec. 1, 2008.

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Bush: I want to withdraw from the limelight

President George W. Bush told ABC’s Charlie Gibson that he wanted to keep a low profile for a while after leaving office. “I would like to live life without the limelight for a while. I think it’s going to be real important for me to get off the stage. We got a new man coming on the stage. I wish him all the very best and I don’t want to be out there critiquing him.”

Bush also told Gibson that his biggest regret was the intelligence failure about weapons of mass destruction in Iraq. “I think I was unprepared for war,” said Bush.

ABC News has more details here.

This video is from ABC’s Good Morning America, broadcast Dec. 1, 2008.

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Palin campaigns for Chambliss in Georgia

Gov. Sarah Palin was in Georgia today to campaign on behalf of Sen. Saxby Chambliss. Chambliss is in a Dec. 2 runoff election with Democrat Jim Martin.

Palin asked Georgia Republicans to start the process of rebuilding the party by reelecting Chambliss. According to Palin, a Chambliss victory would mean that the Democrats agenda would not pass unchallenged. “We need Saxby because we need checks and balances in Washington and we will not have that if Saxby is not reelected,” she said.

“Senator Chambliss, he has such a strong, independent spirit. That is another reason why I really like him. See, I really like John McCain and he with that independent spirit. The two of them are very much alike in that way. Saxby doesn’t just run with the Washington herd and with one party in control of the House and Senate and White House right now, we need now more than ever, public servants who will think for themselves.”

This video is from MSNBC’s News Live, broadcast Dec. 1, 2008.

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Little relief for vets with Gulf War illnesses

Ground combat in the 1991 Persian Gulf War lasted just 100 hours, but it’s meant 17 years of pain and anguish for hundreds of thousands of veterans who went. Recently, though, many of the sufferers have been given a new reason to hope.

The Associated Press has more details here.

This video is from The Associated Press, broadcast Dec. 1, 2008.

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Impeachment spot to run in California

The National Impeachment Network is planning to run an advertisement on California television during the month of December, and January 2009 which advocates for the impeachment of George W. Bush.

Headed by Ralph Lopez, diarist at the left-leaning <i>Daily Kos</i>, the National Impeachment Network is supported by grassroots groups such as Code Pink, Veterans for Peace, and Republicans for Impeachment.

From the network’s website:

“Ralph Lopez at the National Impeachment Network has created this ad for television, a version of which has already run in Vermont on Fox News, MSNBC, CNN Headlines, and other stations. We are going over the heads of congressmen and appealing directly to their constituents in order to generate pressure for impeachment. Impeachment can be accomplished in three days with single article like refusing to obey congressional subpoenas. In an up-or-down vote before the entire Congress, even Republicans who are not part of the rabid right will start hearing from their constituents to impeach. Bush has no friends left, and he shouldn’t. They can do it. And the future of democracy will be that much more secure, with his unprecedented law-breaking firmly punished.”

The ad features images of flag-draped caskets, grieving military families, along with George W. Bush addressing the crown before an annual Correspondent’s Club dinner with now infamous jokes about not being able to find weapons of mass destruction, and a clip of author and former Deputy District Attorney of Los Angeles County, California Vincent Bugliosi’s congressional testimony regarding the absence of weapons of mass destruction in Iraq.

The ad encourages California citizens to contact their representatives in Washington to demand impeachment of the President.

The ad as prepared for broadcast follows.

This video is from YouTube / National Impeachment Network, broadcast Nov. 28, 2008.

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AP: Obama to announce Hillary nomination today; Gates as Defense Secretary

OBAMA PLANS 10:40 AM PRESS CONFERENCE, AIDE SAYS…

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