Prescient

Below is a skit Saturday Night Live did in 2000 about the future of the Bush Presidency. The one thing that is so interesting about it is how accurate it is.

President Obama Speaks

President-elect Obama gave a weekly address yesterday highlighting the nation's economic difficulties, embedded above. It rings with his typical confidence, but also with a realization of the great challenges faced by the American economy.

As Juan Cole points out, we are still in the rough as long as President Bush is in office. There is always the possibility that he could further screw things up, creating a bank collapse as happened at the end of the Hoover Administration.

It is also worth noting that although President-elect Obama has a general idea of what needs to be done, he does not give much in the way of specifics. We will need to learn more before we can assess his economic plan in detail.

Last Minute War?

The following is a disturbing video I found on Wonkette featuring an interview with New Yorker reporter Seymour Hersh about the possibility of President Bush starting a war with Iran. Apparently, there is a real possibility that our fearless leader will launch strikes at the very end of his term if Sen. Obama is elected.



As mentioned above, I found this video on Wonkette, who in turn found it on the Informed Comment blog.

The Stimulus Package, Explained

Brendan Calling has another great entry, this one about the new stimulus package being sent out as we speak.

Although I would not endorse most of Brendan's suggestions for spending the money, I have my own suggestion: Don't spend it at all. America needs to up its savings rate. This is a great opportunity to do so.