I’m getting sick and tired of everyone talking about how much worse shape we would be in, but for (fill in the blank: TARP , stimulus, auto bail outs…) Even if it’s true, it doesn’t make anyone feel better. That’s what I keep thinking when Obama Administration officials sound like cheerleaders claiming victory over job creation that occurred as a result of the $787 billion stimulus. A White House report will be released later today and it’s expected to show that the stimulus plan helped create or save 650,000 jobs through September 30th


 
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 U.S. stocks were headed for a modest decline Friday, erasing some of the big gains racked up a day earlier after the government said the economy grew more than expected in the third quarter. Overseas markets were mixed.

Verizon is among several telecom giants launching a new advocacy group purported to be a lobby for sports fans — pressing lawmakers on issues such as game blackouts, high ticket prices and lack of college football playoff broadcasts. But some believe the new Sports Fans Coalition may really be entering the lobbying fray between cable and satellite providers over the right to carry regional sports games, reports The Hill .

Harpers : If you want to understand why Congress seems completely incapable of checking the power of Wall Street, look back to a hearing on the Hill last October 7, and the subsequent events surrounding it. On that day, the House Financial Services Committee hosted a panel on reform of the market for derivatives, the financial instrument which played such a notable role in the country’s economic meltdown. Read the whole story: Harpers

Nissan has announced a US national tour of their new pure EV, Leaf, beginning with a first American public showing on November 13th in Los Angeles. Though not yet officially announced, the first public sighting of Leaf at a major auto show will be at the 2010 Los Angeles Auto Show which runs from December 4th through 13th.