Daily Archives: December 1, 2008

>Statement: Statement of Former President Bill Clinton on the Nomination of Senator Hillary Clinton as Secretary of State

>December 01, 2008 | New York | Bill Clinton | Statements

As an American, I am thankful that President-elect Barack Obama has asked Hillary to be Secretary of State and that she has accepted. As her husband, I am deeply proud.
She is the right person for the job of helping to restore America’s image abroad, end the war in Iraq, advance peace and increase our security, by building a future for our children with more partners and fewer adversaries, one of shared responsibilities and opportunities.
She has already earned the respect of foreign leaders and diplomats through her work to promote human rights and the empowerment of women through access to education, healthcare and economic opportunity. And Americans know, from her leadership in the Senate on national security, that she will always put the security, values and the interests of our people first.
In her service to the people of New York and our nation, Hillary has demonstrated the knowledge, passion, resilience, and capacity to learn that our country needs at this critical time. She loves being a Senator from New York, but as she has in all the thirty-seven years I’ve known her, she answered the call to serve. I commend President-Elect Obama for asking her to be a part of a great national security team. America will be well-served.

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Filed under America, Barack Obama, Bill Clinton, Hillary Clinton, National Security Team, press release, Secretary of State

Statement: Statement of Former President Bill Clinton on the Nomination of Senator Hillary Clinton as Secretary of State

December 01, 2008 | New York | Bill Clinton | Statements

As an American, I am thankful that President-elect Barack Obama has asked Hillary to be Secretary of State and that she has accepted. As her husband, I am deeply proud.
She is the right person for the job of helping to restore America’s image abroad, end the war in Iraq, advance peace and increase our security, by building a future for our children with more partners and fewer adversaries, one of shared responsibilities and opportunities.
She has already earned the respect of foreign leaders and diplomats through her work to promote human rights and the empowerment of women through access to education, healthcare and economic opportunity. And Americans know, from her leadership in the Senate on national security, that she will always put the security, values and the interests of our people first.
In her service to the people of New York and our nation, Hillary has demonstrated the knowledge, passion, resilience, and capacity to learn that our country needs at this critical time. She loves being a Senator from New York, but as she has in all the thirty-seven years I’ve known her, she answered the call to serve. I commend President-Elect Obama for asking her to be a part of a great national security team. America will be well-served.

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Filed under America, Barack Obama, Bill Clinton, Hillary Clinton, National Security Team, press release, Secretary of State

>Obama’s Press Conference To Announce National Security Team

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President- Elect Obama announced his national Security Team earlier today as expected his team includes: Sen. Hillary Clinton as secretary of State; Robert Gates to remain secretary of Defense; Eric Holder as attorney general; Arizona Gov. Janet Napolitano for secretary of Homeland Security; Susan Rice as U.S. ambassador to the United Nations; and retired Gen. James Jones as national security adviser.  
Watch the press conference

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Filed under Barack Obama, Eric Holder, Gen. James Jones, Hillary Clinton, Janet Napolitano, Joe Biden, MSNBC, National Security Team, press conference, Robert Gates, Susan Rice

Obama’s Press Conference To Announce National Security Team

President- Elect Obama announced his national Security Team earlier today as expected his team includes: Sen. Hillary Clinton as secretary of State; Robert Gates to remain secretary of Defense; Eric Holder as attorney general; Arizona Gov. Janet Napolitano for secretary of Homeland Security; Susan Rice as U.S. ambassador to the United Nations; and retired Gen. James Jones as national security adviser.  
Watch the press conference

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Filed under Barack Obama, Eric Holder, Gen. James Jones, Hillary Clinton, Janet Napolitano, Joe Biden, MSNBC, National Security Team, press conference, Robert Gates, Susan Rice

Today in History for December 1st

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Filed under Associated Press, News, Today in History

Today in History for December 1st

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>Deficits and the Future

>Nobel Laureate and NY Times columnist Paul Krugam makes the case  this morning for the US government to spend  its way out of this economic  free fall. He argues that by aggressively expanding our economy, it will prevent it’s free fall and that we shouldn’t worry about large budget deficits at this time:

“Right now there’s intense debate about how aggressive the United States government should be in its attempts to turn the economy around. Many economists, myself included, are calling for a very large fiscal expansion to keep the economy from going into free fall. Others, however, worry about the burden that large budget deficits will place on future generations.

But the deficit worriers have it all wrong. Under current conditions, there’s no trade-off between what’s good in the short run and what’s good for the long run; strong fiscal expansion would actually enhance the economy’s long-run prospects.

The claim that budget deficits make the economy poorer in the long run is based on the belief that government borrowing “crowds out” private investment — that the government, by issuing lots of debt, drives up interest rates, which makes businesses unwilling to spend on new plant and equipment, and that this in turn reduces the economy’s long-run rate of growth. Under normal circumstances there’s a lot to this argument.

But circumstances right now are anything but normal. Consider what would happen next year if the Obama administration gave in to the deficit hawks and scaled back its fiscal plans.

Would this lead to lower interest rates? It certainly wouldn’t lead to a reduction in short-term interest rates, which are more or less controlled by the Federal Reserve. The Fed is already keeping those rates as low as it can — virtually at zero — and won’t change that policy unless it sees signs that the economy is threatening to overheat. And that doesn’t seem like a realistic prospect any time soon…”

Read more of what Paul Krugman has to say HERE about the economy.

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Filed under Barack Obama, Economic Crisis, economy, Financial crisis, Frederal Reserve, Free Fall, Nobel Laureate, NY Times, Paul Krugman