The new unemployment numbers are out:
*January job losses: 598,000
*Job losses from Nov-Jan: 1.8 million
*Unemployment rate: 7.6%
*Unemployed workers: 11.6 million
A Senate vote on the stimulus bill could come as early as today — and if not today, then Sunday. That and the day’s other political news in the TPMDC Morning Roundup.
Laura Rozen has been doing some bang-up reporting from her new perch at The Cable. Check out her latest on L’Affaire Zinni.
TPM Reader BW has had it with Mitch McConnell’s new gag line that if you spent $1 million every day since the day Jesus was born, you still wouldn’t have spent $1 trillion:
This may be maddening and juvenile but Democratic lawmakers have to knock these sound bytes down with their own.
Please, anyone:
“Senator McConnell is flaunting his economic ignorance because if you started the day Jesus was born and created TWENTY million dollars in wealth every day you would have the wealth created in the US economy each year. AND if you flushed TWO million dollars down the toilet every day since Jesus was born you would have the credit losses in the US economy just last year. AND if you flushed THREE million a day, you would have lost less than the money that this recession is projected to cost by the end of next year. We no longer measure boats by cubits and we should not design economic stimulus based on a Jesus’ birthday, so will the Minority Leader please either engage in a serious talk about economic policy or step aside and let the adults handle it?”
I haven’t checked BW‘s math, but I think we can safely assume that the numbers are out there to support a riff along these lines, if not this precise one.
Elana Schor gives us the state of play on the Senate’s stimulus bill.
Of all the places you’d be most concerned about Bush political appointees burrowing into career positions, the Pentagon’s Office of Detainee Affairs (the folks who oversee Gitmo) would have to be near the top of the list, right?
The good stuff starts at about the 4:30 mark here.
The ongoing financial crisis has done a pretty good job of demonstrating the outright moral decay of much of the financial sector. But sometimes, it’s the small-scale, personal stories that are better at conveying that reality. TPMmuckraker’s Zack Roth relates one man’s horrifying experience with Bank of America.
New polling shows why Obama is happy to make Rush Limbaugh the face of the GOP.