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Al Qaeda's number 2 leader, Zwahiri, calls Obama a house negro. Maybe liberals will finally get serious about fighting al Qaeda now.

The mortgage security problem is a $6.6 trillion problem, $4.6 trillion from Fannie and Freddie. The $700 billion bailout couldn't come close to solving it. Before this bailout bill passed, economists and business experts explained that nobody can find the bad mortgages in this mortgage security potpourri, but the geniuses (I mean the people who misled us into this mess) Paulson, Bernanke, Dodd, and Frank said they could. Paulson has finally admitted he can't, so he's using the money in different ways.

So far the overall bailout tab has topped $4.28 trillion. Thanks government.

Ford and GM say bankruptcy isn't an option. Then apparently they're not in as dire straits as they have tried to convince us they were. No bailout for you.

GM buying ads to convince people to support the bailout. Some people think they should use that money to improve their business instead, but that's not in their best interest. The reward from the potential bailout far exceeds the reward for selling a few more cars. Government has created a situation in which it behooves businesses to spend their money lobbying for federal funds instead of improving their business. That means we all lose. This is what moral hazard is all about.

The Dow hit another 5 year low below 8,000.

Here's the 9 minute documentary interview with 12 Obama supporters that I posted about yesterday. It's just amazing.

It turns out that Daschle, Obama's pick for the Health and Human Services Secretary, is a health care lobbyist. Meet the new boss. Same as the old boss. Same as the old boss before him.

More on Clinton's boondoggle offer to allow ethics reviews of his charitiable and business dealings. What a joke.

Republicans re-elect John Boehner House Minority Leader because they've been so successful with him as their leader that they don't want to change anything.