Va. produces $545 million budget surplus | Liz Essley | Virginia | Washington Examiner

Va. produces $545 million budget surplus | Liz Essley | Virginia | Washington Examiner: Virginia is more than half a billion dollars in the black this fiscal year, Gov. Bob McDonnell announced Thursday, marking the second straight year the state has posted a surplus.

Obama Immediately Goes Golfing | The Blog on Obama: White House Dossier

Obama Immediately Goes Golfing | The Blog on Obama: White House Dossier: Less than 24 hours after landing on the shores of Martha’s Vineyard, President Obama is on one of its golf courses. Obama is out with his friend Eric Whitaker, White House trip director Miarvin Nicholson – one of his regular partners – and Michael Brush, who is in charge of advance work on trips.

Fannie Mae: No Hope or Change | Downsizing the Federal Government

Fannie Mae: No Hope or Change | Downsizing the Federal Government: The Washington Post is reporting that President Obama has assigned his staff with the task of designing a new set of government guarantees behind the U.S. mortgage market. Although as the Post also reports the “approach could even preserve Fannie Mae and Freddie Mac.” That’s correct. Despite their role in driving the housing bubble and the already $160 billion in taxpayer losses, President Obama appears to be considering just putting the same failed system in place. Of course, we’ll be promised that it will all work better this time.