President Obama: “Omg, wtf?”

• Secretary of Health and Human Services nominee Tom Daschle withdrew his nomination yesterday as a firestorm erupted over his “inadvertent” failure to pay $128,000 in taxes.

• Two hours before Daschle’s withdrawal, Nancy Killefer, Obama’s nominee for chief White House performance officer, withdrew from consideration because of her own unpaid payroll taxes.

• Today Obama announced a $500,000 cap on compensation for executives who receive federal bailout funds. JP Morgan Chase CEO Jamie Dimon: “It’s unfair.”

• House Republican Mike Pence urged Republican colleagues in the Senate to oppose President Obama’s stimulus bill, helpfully explaining that there aren’t just specific provisions they disagree with – they are opposed to the entire thing. “There’s nothing modest about the differences House Republicans have with House Democrats over this bill,” he said. “House Republicans don’t believe you can borrow and spend your way out.”

• New Republican National Committee chairman Michael Steele, the party’s first black chairman ever, actually had these words for Obama: “How ya like me now?” Of the failure of Obama’s stimulus bill to garner a single Republican vote in the House, Steele congratulated his party with, “The goose egg you laid on the president’s desk was just beautiful.”

• European Union has warned the US that if they adopt President Obama’s “Buy American” policy, they will retaliate. A trade war could sink the world into a global depression.

At a press conference today the president is expected to recommend that everyone “simmer the f-ck down, you f-cking ingrates. Do you want Bush back? DO YOU???”

Source: NYT, Times Online, NYT, Bloomberg

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