Obama Defends Economic Policies Against Republican Attacks Before Election Bloomberg - Nicholas Johnston - ‎3 hours ago‎ President Barack Obama defended economic policies that have come under Republican attacks ahead of November's congressional elections, as he kicked off a three- day, cross-country trip yesterday. Obama campaigning, ties Republicans to big business Reuters President uses Milwaukee visit to highlight Democrats' campaign message Hudson Star...
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By Ed O'Keefe Washington Post Staff Writer Thursday, February 4, 2010  Senator Evan Bayh questions President Obama at a Democratic meeting on Wednesday. President Obama criticized senators Wednesday for using a legislative tactic he once practiced himself, saying that Republicans were delaying confirmation votes on several of his nominees for reasons unrelated to their qualifications. "We've got a huge backlog of folks who are unanimously viewed as well qualified -- nobody has...
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WASHINGTON (Reuters) - President Barack Obama will announce plans on Thursday to raise up to 0 billion from major U.S. financial firms to cover expected losses from a taxpayer-funded bank bailout, a senior administration official said on Tuesday.
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By Jeremy Pelofsky and Richard Cowan - April 2, 2009WASHINGTON (Reuters) - The Democratic-controlled U.S. Congress on Thursday approved budget blueprints embracing President Barack Obama's agenda but leaving many hard choices until later and a government deeply in the red.With no Republican support, the House of Representatives and Senate approved slightly different, less expensive versions of Obama's .55 trillion budget plan for fiscal 2010, which...
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Hopefully, something or someone can convince the president and Congress not to give AIG another single dime.

Leaving millions of Americans in shock, President Barack Obama and the Democrat-controlled Congress have quickly perpetrated nothing less than an economic and political coup d'etat in the once free-market United States of America. Under the guise of "stimulating" the economy, Obama has frightened and intimidated the powers-that-be into embracing European-style socialism. Americans increasingly live with constant anxiety, fearing loss of both their wealth and their personal...
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OK, I will be honest with you. In high school, I got a "C" in algebra. I admit I am not the sharpest tool in the math shed of life. However, I don't think I am the only American who is struggling with trying to get his mind around a trillion national debt, much less a trillion national...
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Joe Biden watches Barack Obama sign the 7bn bill into law in Denver, Colorado. Photograph: Jim Watson/AFP Getty Images President Barack Obama today signed into law one of the most expensive bills in US history, a 7bn (£551bn) emergency stimulus package on which he is pinning hopes of saving America's tumbling economy.Obama described it as "the most sweeping economic package in US history".The new law, which aims to save or create an estimated 3.6m jobs, puts him...
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After betting the farm, the Benz, the Rolex and the college fund, Congress is about to take another 0 billion economic stimulus gamble. But economists say it may be time for an intervention. The federal budget deficit already is projected to reach an unheard of .2 trillion this fiscal year, and President-elect Barack Obama's economic stimulus package, under review by lawmakers, would only add to the deficit.That's on top of a 0 billion financial rescue, a billion auto bailout...
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By Roger Runningen Dec. 18 (Bloomberg) -- President George W. Bush said today he is worried about the possibility of a “disorderly bankruptcy” of the U.S. auto industry. “I’m worried about a disorderly bankruptcy and what it would do to the psychology of the markets,” Bush said during a forum at the American Enterprise Institute, a research policy organization in Washington. General Motors Corp.,...
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Today, President Bush and world leaders gathered for the first in a series of meetings to discuss efforts to strengthen economic growth, deal with the financial crisis, and to lay the foundation for reform to help to ensure that a similar crisis does not happen again.  Since the outbreak of this crisis, the world's leading nations have coordinated actions more closely than ever before.  Thanks in large part to these decisive measures, once frozen global credit markets are beginning to...
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World leaders grappling with the worst financial crisis since the Great Depression of the 1930s have pledged to deliver a concrete plan to ward off recession and prevent future meltdowns.But Reuters news agency reports prospects for joint action on growth, let alone a major overhaul of the world financial system, looked slim with host President George W. Bush resisting bold moves before leaving office in two months and President-elect Barack Obama absent.French officials say the Group of 20...
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A crazy and painful day on Wall Street rippled through St. Louis on Monday, creating mixed results.   The financial industry took repeated head shots and body blows, as local financial firms shouldered what one insider called "unprecedented events."  Shares in Wachovia Corp. fell the most in more than 25 years as investors were spooked by the Charlotte, N.C., firm's exposure to adjustable-rate mortgages and the perceived risk of loan write-downs. Wachovia's stock fell...
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SAN FRANCISCO (MarketWatch) -- The dollar's drop this week was widely attributed to grim U.S. economic data and Federal Reserve Chairman Ben Bernanke's remarks suggesting more interest-rate cuts are coming.
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President Bush Meets With His Economic Team, Says Economic Growth Package Is "Part Of Our Active Plan To Help Deal With These Uncertain Times""We're optimistic about the long-term economic future of the country, but right now a lot of Americans are facing uncertain times.  And we're acting on it.  I want to thank the members of Congress for quickly passing an economic growth package.  And that means there will be 0 billion - or more - sent out to American...
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SAN FRANCISCO - California's billion citrus industry suffered a second night of record-low temperatures this weekend, and agriculture officials continued to worry about widespread crop destruction.
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Ford Motor Company continues to give money to help finance homosexual organizations pushing homosexual marriage. Chairman Bill Ford evidently is willing to take Ford into bankruptcy in order to continue support of homosexual groups and homosexual marriage. Ford's sales dropped 5% in March and 7% in April. Ford's stock has dropped more than 14% since the boycott began to the lowest price in nearly 20 years. Some feel the stock, now at .78, will be at in a matter of months and are bailing out...
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About 2,900 state workers including 94 in Austin — learned this week via e-mail that they will be laid off on or after May 1. The downsizing is part of the state's effort to replace some brick-and-mortar customer service centers, where Texans apply for food stamps and health benefits, with call centers managed by private companies.
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