Military contractors are crying crocodile tears right now about the "fragility" of their industry. But in fact that industry is flush with cash, and will do or say anything to protect the one thing they care about above all else: profit.
Panetta and his counterparts in the war industry can play Chicken Little all they want about war budget spending cuts, but they can't change the simple fact that military spending is terrible at creating jobs.
As budget cuts come to the fore, military contractors will undoubtedly try to obscure the fact that every $1 billion of military spending costs anywhere between 3,200 and 11,700 jobs or more when compared to other ways of spending the money.
The energy industry is out for blood once again. Over a decade ago, it went after POGO for revealing that the largest oil companies were underpaying royalties to the government. And now it appears they've found a new target.
Using rarely seen footage from the Russian State Film Archives, documentarian Kevin McNeer has produced a fascinating documentary about the late Soviet political cartoonist and propaganda artist Boris Efimov.
What puts this first year in perspective for me is that: Obama may not be smarter than all of us, but he sure is smarter by a long shot than McCain would have been. And that, for now, is enough for me.