January 20th, 2009

king obama

Beyond the Balls and Brouhaha

"This afternoon, White House Chief of Staff Rahm Emanuel signed a memorandum sent to all agencies and departments to stop all pending regulations until a legal and policy review can be conducted by the Obama administration," the White House said in a statement issued just hours after Obama took office.

The Bush administration regulations suspended by Obama include allowing the carrying of concealed weapons in some national parks and prohibiting medical facilities from receiving federal money for discriminating against doctors and nurses who refuse to assist with abortions or dispense contraceptives based on religious grounds.

               Media Coverage of Obama Inauguration, including FOX News

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YES we can?

Wall Street ushered in the Obama presidency with a record Inauguration Day 
slide amid fresh signs the global bank crisis was far from over.
 * An index of bank stocks lost 19.7 percent on fears
of more losses.
 * The Dow Jones industrial average fell 332.13 points, or 4.01 percent, 
to end at 7,949.09. The S&P 500 Index .SPX slid 44.90 points, or 5.28 percent, 
to finish at 805.22. The Nasdaq Composite Index
tumbled 88.47 points, or 5.78 percent, to close at 1,440.86.

New President, Same Old Street - Forbes.com