America Has Looted Beneath Its Couch Cushions And There Is No More Spare Change

  • Consumer spending, which tends not to flag even when every other area of the American economy suffers, has suddenly dropped. [New York Times]
  • Henry Paulson will be giving an update today on what effect, if any, the financial bailout has had. (This means you should get drunk before you turn on your TV this morning.) [AP]
  • A U.S. diplomat and his Pakistani driver were killed in an ambush in northwest Pakistan. [AFP]
  • Connecticut residents greet the legalization of gay marriage in their state with a collective Yankee "whatever, it's not my business anyway." [Hartford Courant]
  • The World Bank expects to triple the amount it lends to poor nations this year. [Washington Post]
  • Barack Obama acted all hopey and changey to get elected but now he is staffing up with a bunch of old Clintonites, as if he wants to run the government with people who actually know what they're doing. That is pragmatic, not hopeful! Ten demerits. [Los Angeles Times]

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