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Obama, the first internet president
Just fetched this from Technology Reports. Obama's leadership on tech continues. It'll be interesting to see what happens with the Fed once he's in office.
Change (Dot Gov) Is Here
President-elect Obama's transition website launches.
Thursday, November 06, 2008
By David Talbot
Early this afternoon--barely 38 hours after Barack Obama clinched the presidency--his transition team gained a new Web footing by launching www.change.gov. The site seems to be getting massive numbers of hits, judging by the slowness of the response. The homepage includes a presidential blog and links to explanations of Obama's policy initiatives, alphabetically organized, and a prominent link to his acceptance speech in Chicago. The site projects an aura of openness: it includes a section called "Open Government" that, for now, invites visitors to click away and send thoughts and personal election-day stories. "Share your story and your ideas, and be part of bringing positive, lasting change to this country," it beckons. When you go there, you must submit your e-mail address. This will surely allow president-elect Obama to continue bolstering his already vast e-mail database, described to me yesterday as the largest ever marshaled in U.S. political history. It will be interesting to see whether he uses these lists to mobilize the masses to help in pressing for passage of his policies. The new site was built by Blue State Digital, the startup that created candidate Obama's highly effective online social-networking presence. But the "change" site is, well, more presidential-looking, coming as it does from the "Office of the President-Elect."
- David Collin's blog
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President Barack Obama said
President Barack Obama said Monday that he would "pursue every single legal avenue to block" $165 million in bonuses to American International Group Inc. employees who were in part responsible for the insurance giant's near collapse. President Obama is also not exactly thrilled with the company. A lot of people are calling for far more transparency in the use of bailout funds as well they should. Executive bonuses were handed out that added up to about $165 million, which taxpayers are not exactly enthralled with, and neither is Congress, which is why the House Financial Services Committee is holding an AIG hearing real soon.
Obama's Budget
The Obama budget is the subject of a lot of discussion. The Obama budget is already under fire for increasing spending on health care. But remember, part of his campaign promises were that he may look like he's increasing spending, but he was also going to be cutting a lot of unnecessary spending. One of the first things that have come under the ax, going along with the Obama speech on the economy, is government contract spending. Contracts had been awarded for the last few years without any bidding process; they were just handed out. The contract cuts to the <a href="http://personalmoneystore.com/moneyblog/2009/03/04/obama-pledges-cut-wasteful-spending/">Obama budget</a> are going to save almost $300 billion on defense contracts alone.