:: Obama expected to name Mary Schapiro as the SEC chairman tomorrow.
Schapiro is currently the CEO of the Financial Industry Regulatory Authority. Politically, she is an Independent.
“If confirmed by the U.S. Senate, Schapiro will take over an agency whose reputation has been tarnished by its failure to detect Bernard Madoff’s alleged $50 billion fraud and to prevent the collapse of investment banks Bear Stearns Cos. and Lehman Brothers Holdings Inc. The SEC’s relevance and competence will be scrutinized as Congress weighs overhauling market regulation.
“The agency is at a critical juncture in its history,” said William McLucas, a former SEC enforcement director. “What the agency needs right now, more than ever, is leadership. She is going to be exactly what the agency needs.””
Bloomberg.com
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:: Bush to put 110,000 acres of wild lands in Utah on the auction block, to be sold to the highest bidders in the oil and gas industry.
Robert Redford is making an appeal to the public to stand up and be counted. To deny Bush this last effort to enrich his friends, and save this land for future generations.
“You can't put a price on silence or solitude. You can't quantify the beauty of wilderness. And yet that's not going to stop the Bush administration from trying to sell off what should be the birthright of future generations.
In three days, this Friday, 110,000 acres of majestic Utah wild lands go on the auction block, to be sold to the highest bidders in the oil and gas industry. It's a last-ditch effort by a corrupt administration to further enrich its friends in the dirty fuels business. If they succeed, they'll leave a wasteland behind them.
Never mind that we the People of the United States just rejected the failed energy policy of "drill, baby, drill!" Never mind that once industrialized, these precious lands will be marred for centuries. Ravaging these places will put cash in the pockets of greedy speculators, even if it won't solve our energy problems.” Robert Redford
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:: Calls for Cheney to be prosecuted gaining ground after he confessed to the authorization of waterboarding on Monday.
According to international law, waterboarding is defined as a form of torture, and it is illegal. Cheney's admittance to the authorization of waterboarding during his interview with Jonathan Earl on ABC News on Monday, has put him ever more at risk of prosecution as a war criminal. Indeed, he will not be able to leave the country without the risk of being arrested as a war criminal.
“Here's the thing: If members of the Bush administration would have at least acted like they might have done something wrong, a truth-and-reconciliation-type Congressional commission like the one currently under consideration could have found out what happened, and we could have learned our lesson and moved on. At least maybe. But if Cheney is going to go on national television and endorse torture, I feel like he has tied the hands of the country. How can we change our image, both to the rest of the world and to our own citizens, if we allow a sitting vice president to confess to supporting a policy of torture and do nothing about it?” HUFFPO
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:: Republican Roy LaHood reported to be Obama's choice for transportation secretary.
According to the Chicago Tribune, Peoria, Illinois congressman Ray LaHood, who is a moderate Republican with an excellent rep on Capitol Hill, has been asked to take a cabinet position in the Obama administration.
“LaHood, a long-time staff aide to the affable then-House Minority Leader Bob Michel (R-Ill.) who took his boss's seat when Michel retired, was elected along with a tide of Republicans led by Newt Gingrich. But he did not follow the same highly partisan path that characterized the class elected with him.
Among those LaHood maintained a friendly relationship with over the years is White House chief of staff- designate Rep. Rahm Emanuel (D-Ill.), whose aggressive style infuriated many Republicans but whom LaHood praised publicly for competence and pragmatism.” Chicago Tribune
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:: Liz Moynihan endorses Caroline Kennedy.
“No one in New York politics knows more about the state than Liz Moynihan. No New Yorker knows more about how to do the job of senator than Liz does, especially after living through the day-to-day duties of Pat Moynihan's years as chairman of two committees including Finance, the senate's most important committee. And no one else can tell us what Pat Moynihan would think about who should be the next person to take his old seat in the Senate. Liz Moynihan has just released this statement about Caroline Kennedy:
“Caroline is a very intelligent, serious person with a long interest in government and the Constitution. As a US Senator she could be a great help to New York. I'm sure Pat would be thrilled to see her in that seat.”” HUFFPO
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:: TIME names Obama "Person of the Year".
“In one of the craziest elections in American history, he overcame a lack of experience, a funny name, two candidates who are political institutions and the racial divide to become the 44th President of the United States.” TIME
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:: Tom Vilsack will be Obama's nominee for Secretary of Agriculture, and Ken Salazar the nominee for Secretary of the Interior.
“Mr. Vilsack, who has spent the fall semester as a political fellow at the Kennedy School of Government at Harvard University, works as a lawyer in Des Moines. Four years ago, he was among those who were considered to be a running mate for Senator John Kerry. He was not on the short list of candidates to join Mr. Obama’s ticket this year, but agreed to join the Obama-Biden cabinet as Agriculture Secretary.
At a press conference here on Wednesday, Mr. Obama is set to name Senator Ken Salazar, a Colorado Democrat, as his Interior secretary and Mr. Vilsack to lead the Department of Agriculture.” NYT
Image credits: Wikimedia Commons
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:: Obama charms Republicans.
In an outreach heretofore unseen from an incoming president, Obama is reaching out to GOP members of the House and Senate with personal phone calls.
““It appears to me that he has made a very genuine and aggressive attempt to reach out,” said Sen. Judd Gregg (N.H.), ranking Republican on the Senate Budget Committee, who received what he described as “a very nice courtesy call” from Obama.
“He said he wanted to work with me and I said that I wanted to be as constructive as possible,” said Gregg, describing the conversation. “I very much appreciate it. I think there’s not any question it makes a difference. It sets the right tone and it’s the way to get things done.”
Rep. Pete King (N.Y.), the top Republican on the House Homeland Security Committee, said that Obama’s earliest calls to Republicans with power over economic and security issues shed light on his priorities for the 111th Congress.
“It shows that he’s focusing on security and the economy,” said King. “I welcome the outreach.”” TheHill.com
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:: The Republican revolt against the RNC's attempts to falsely tie Obama to the Blagojevich scandal continues.
In the IPD daily summary yesterday, we told you that former Speaker of the House, Newt Gingrich, had ripped in to RNC chairman, Mike Duncan, for his blatant attempts to tie Obama to the disgraced governor. Today, more Republican voices have joined with Gingrich in their condemnation of the RNC tactic. A wise, self-preservational move if you look at the poll numbers detailed in an article from the Washington Post.
“The sentiments expressed publicly by Gingrich and Ruffini are echoed privately by a number of Republican strategists who view the attempts to link Blagojevich and Obama as nothing more than a fool's errand given the lack of evidence that the public sees any real connection between the two men.”
“Calling the video a "destructive distraction," Gingrich added: "This ad is a terrible signal to be sending about both the goals of the Republican Party in the midst of the nation's troubled economic times and about whether we have actually learned anything from the defeats of 2006 and 2008."
His chorus of dissent was joined later in the day by Patrick Ruffini, a prominent online voice for Republicans. (Ruffini was the e-campaign director for the RNC during the 2006 election cycle and did the same for former New York City Mayor Rudy Giuliani's presidential campaign.)
In a post on post on The Next Right (a new-ish online gathering place for conservatives), Ruffini wrote:
"It's fair to say that any residual connections Obama may have with Gov. Blagojevich as a result of being an Illinois Senator are not the strongest part of our argument. I can understand the desire to go at Obama. But with Obama at 76% approval for the transition, our hits against him have to be clean hits, or they will blow up in our face."
The sentiments expressed publicly by Gingrich and Ruffini are echoed privately by a number of Republican strategists who view the attempts to link Blagojevich and Obama as nothing more than a fool's errand given the lack of evidence that the public sees any real connection between the two men.
As we wrote earlier this week, the strategy adopted by the RNC poses a real risk to the party because of Obama's strength and Republicans' weakness in the eyes of voters.
A new Washington Post/ABC News poll more than three in four voters approve of the way Obama has handled the transition and a majority (51 percent) of of independents said he had done enough to explain any conversations his aides had with Blagojevich.
Compare those solid numbers to a new national poll from Gallup that shows just one in four adults approving of the way Republicans in Congress are doing their job while 69 percent disapprove. (In fairness, congressional Democrats' numbers weren't much better: 37 approve/55 disapprove.)
So, what should Republicans do -- given that they are out of power at the executive and legislative level?
Gingrich boils it down to a single sentence: "Republicans should be eager to work with [Obama] when he is right, and, when he is wrong, offer a better solution, instead of just opposing him."
Ruffini is more expansive -- offering three solutions, the savviest of which is to push the idea that Democrats are seeking to rob voters of a say in Illinois by refusing to pass legislation that would create a special election to fill Obama's Senate seat.
The RNC may be listening. Duncan released a statement Tuesday evening on the need for a special election. "We agree with President-elect Barack Obama that his Senate seat belongs to the people of Illinois," said Duncan. "The only way the people's voice will be heard and Illinois can end the taint of the Blagojevich scandal is to have a special election."” Washington Post
The slide show Goldman used to pitch Abacus
Goldman Sachs
Goldman Sachs
:: Citigroup agreed to exchange up to $25 billion in emergency bailout money that the government provided Citigroup Inc. for as much as a 36 percent equity stake in the bank. The reasoning behing it:
:: Over the past few days, there has been a lot of noise bandied about re nationalization of the banks. One entity has been noticeably silent, however. From 
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