News Roundup

Moderate Democrate John Dingell’s out as Chairman of the House Energy and Commerce Committee. Henry Waxman’s in, which doesn’t bode well for the business community.

John McCain and Barack Obama met earlier this week. I was thinking “Now McCain can go back to being a Democrat.” Apparently, I wasn’t the only one thinking that.

Barack Obama has named Tim Geithner as his pick for Treasury Secretary and Bill Richardson for Commerce. The market reacted positively. Whether that holds up next week is unknown. Didn’t Geithner have a hand in the bailout of AIG?

There may be a rift between Nancy Pelosi and the new adminstration. It’s been reported that Obama supports a pre-packaged bankruptcy for the US automakers (who reject the idea), while Pelosi says bankruptcy should be taken off the table. This could be interesting.

It’s almost official, Hillary Clinton will be our next Secretary of State. I wonder who will take her place in the Senate. I need a Tagamet.

Sarah Palin pardoned a turkey and during a post-pardon interview another turkey met his maker. I don’t understand the big deal. Where do people thing their Thanksgiving turkeys come from?

Five million people are expected to descend on Washington DC for Barack Obama’s inauguration. Why does the thought of 5 Million people in one place conjure up images of the Super Dome after Hurricane Katrina? All I can say is “Good luck, folks.”