The headline on this story in the WSJ is, “Obama Seeking Fresh Thinking”.
“Sometimes policy making in Washington can become a little bit too ingrown, a little bit too insular,” Mr. Obama told reporters in Chicago. “The walls of the echo chamber can sometimes keep out fresh voices and new ways of thinking.”
The story is about [...]
According to the Bureau of Economic Analysis and its monthly report on Personal Income/Spending, in the past few months, US consumers have cut back on big-ticket purchases and expenses and started saving for a change. Nominal consumer spending decreased 1.0% for the month of October, the largets decline since September 2001, after a 0.3% decline in last month. [...]
At his news conference yesterday to introduce Peter Orszag as his budget director, President elect Obama singled out some waste in farm subsidies as an example of the kind of government waste he wants Orszag to find and eliminate:
Obama cited a GAO report out yesterday that said from 2003 to 2006, “millionaire farmers” got $49 [...]
The Big Dig continues to wreak havoc with the Mass. state budget (via the WSJ):
The financial crisis is causing a big row in Massachusetts over tolls.
The Massachusetts Turnpike Authority, already the object of local scorn for cost overruns incurred in the infamous Big Dig road project, faced further public wrath in recent weeks when it [...]
