Rachel looks at the Obama administration's accomplishments:
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The President's weekly address describes "the quickest and broadest tax cut in history:" Earlier this week, I signed into law the American Recovery and Reinvestment Act -- the most sweeping economic recovery plan in history. Because of this plan, 3.5 million Americans will now go to work doing the work that America needs done.
On Friday, Gibbs smacked down the now infamous CNBC reporter Rick Santelli's rant about the housing plan. AmericaBlog's Chris in Paris says the rant "is being treated like it's a masterpiece. It's all of the normal wingnuttery that we've heard for years. Nobody likes to fund "bad behavior" and it's questionable whether the new bailout plan for homeowners will work, but even the "well behaved" will benefit from stabilization in the housing market. Maybe CNBC hasn't noticed but the markets continues to be in a free fall. Stability is what is needed both for housing and Wall Street."
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From the White House, Gibbs corrects the record on the President’s housing plan that Santelli and friend's deliberately confused.
BarbinMD: After a week that saw the President travel to Arizona and Colorado, sign the American Recovery and Reinvestment Act into law, unveil his Homeowner Affordability and Stability Plan, and make his first foreign visit, he's going to have a very quiet weekend.
In the meantime, some Republican governors apparently have decided to pander to their base instead of looking after the interests of their constituents. Steve Benen explains that they plan to limit unemployed assistance included in the stimulus bill. Jindal & Co. aren't worried about reality -- and they're certainly not worried about the unemployed -- when there's political grandstanding to be done.
UPDATE: SusanG blogs the Post's "sneak preview of the budget President Obama will unveil Tuesday ... on a first quick read, it looks mighty progressive:" President Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on business and the wealthy and by slashing spending on the wars in Iraq and Afghanistan, administration officials said.
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