Day: December 7, 2008

Barack Obama said that the economy seems likely to get worse before it gets better, but pledged to pursue a recovery plan “equal to the task ahead.”

Celebrities came to Washington to pay tribute to Barbra Streisand, Morgan Freeman, George Jones, Twyla Tharp and Pete Townshend and Roger Daltrey of the Who.

A comprehensive bailout could cost as much as $125 billion, and even the auto companies themselves are hard pressed to dispute that figure.

Obama’s kept quiet on the three congressional races that have been decided since Nov. 4.

Supporters of the Big Three bailout contend that Lehman Brothers’ failure shows that there can be unanticipated consequences of allowing a major company to go under.

An inquiry would examine evidence that the National Security Agency illegally wiretapped a Muslim scholar.

Detroit could exhaust the $15B loan package by the end of Feb. See also: Execs should adapt or go

Dems pick up a final house seat in Ohio, and they end the cycle having picked up 21 seats.

Senate Dems are expected to shy away from deciding the fate of the Minn. Senate race. See also: Kilroy wins

Debunked claims about Obama’s citizenship are still spreading. See also: Ideas: Obama derangement syndrome