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Obama Administration

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The Onion

DETROIT—As community leaders and members of the press looked on, Detroit mayor David Bing proudly hurled the first brick this week in a window-shattering ceremony for the city's newest dilapidated slum. The result of three years of construction work and more than $24,000 in public funds, the rat-infested and crime-ridden development was unveiled to the public on Tuesday. "It is my great honor to introduce to you the brand new Baneberry Heights," announced Bing, gesturing to the ramshackle subdivision behind him. "Filthy, dangerous, filled with violence and blight: It's all here, and it's all completely falling apart." Enlarge Image Slum "This is what the people of Detroit have been waiting for," Bing continued before walking to a nearby trash can, setting its contents on fire, and heaving the flaming receptacle through a corner storefront. "Baneberry Heights is a nightmare come true."

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NPR

Timothy Geithner's first trip to China as treasury secretary comes at a vulnerable time for the Obama administration. Mired in a brutal recession, the United States needs Beijing to buy more American goods, allow its currency rise and make other moves to narrow an enormous trade gap. The U.S. also needs China's help to confront any military threat from North Korea. Yet Washington's leverage has waned just as China's power over the U.S. has grown. China is now America's biggest creditor. As of March, it held $768 billion of Treasury securities — about 10 percent of publicly traded debt. The U.S. needs China's money to finance U.S. budget deficits, which are soaring as Washington tries to end the recession and bolster the banking system. The administration estimates the budget deficit will hit $1.84 trillion this year. That's four times last year's deficit.

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Politico

[it's good to be king] President Barack Obama and Michelle Obama landed in New York Saturday afternoon, and after taking a helicopter from JFK into Manhattan, drove up the West Side Highway, where the northbound lanes were shut down by police for their visit, past Ground Zero, into the Village for dinner at the Village's Blue Hill restaurant. From there, they went north to Times Square, where they went to to see a production of "Joe Turner's Come and Gone" at the Belasco Theater on West 44 Street.

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Just a Girl in Short Shorts

When the day arrives that America is in the depths of an economic and social malaise—consisting of ineffective and expensive government sponsored safety nets, a stagnant nonproductive economy, riskless non-innovation, government funded zombie companies, labor union operated industries, a general sense of mediocrity and awash in an increasingly worthless currency-- they will turn to America's version of Margaret Thatcher--a libertarian dominatrix

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