President Obama on Wednesday will make clear that he opposes any compromise that would extend the Bush-era tax cuts for the wealthy beyond this year, officials said, adding a populist twist to an election-season economic package that is otherwise designed to entice support from big businesses and their Republican allies. So says NY Times.
This weeks Weekly Address is of high importance to everyone disregarding of your political views, yesyou too, to watch. Believe me.
The post about what Obama has done so far from early spring is easily one of the most popular ones on this site. But a lot of time has passed since then, so here’s an updated list: The President signed the American Recovery and Reinvestment Act. The President announced the “Making Home Affordable” home refinancing […]
Barack Obama says US effort in Iraq to switch from troops to diplomats as timetable for military withdrawal is on track. In his speech yesterday he proclaimed that the seven-year conflict costing US taxpayers around $700bn and the lives of more than 4,000 American troops was coming to an end as a military operation “as […]
Unlike everyone else, the wealthiest Americans are saving money and can afford a higher rate. So says Robert Reich on Salon.com. The economy is slouching backward because consumers can’t and won’t spend enough to revive it. Congress is about to recess for the summer without doing anything to fill the gap. And it looks like […]
BBC reports from a poll that checks how people around the world views other countries, and for the first time since the Iraq war the US influence are seen as more positive than negative. What’s been called “The Obama Effect” seem to be true and holding. Just check the steep rise of this graph! And […]
So, a healthcare bill has finally passed. While it’s really a long shot from what both Obama wanted and what is really needed to truly reform the healthcare industry, it is an important first step. And it’s also an important political win, that will help the democrats in the upcoming congress elections, even though I’m […]
Fox News yesterday tried their best to spin a mistake he made at a speech the other day about the proposed savings of his health care bill, where he stated it would bring down the deficit by $ 1 trillion over the next decade. Instead they made it a point to call out that the […]
President Barack Obama’s proposed budget would shift $112 billion away from the nation’s top earners in 2012, according to the Tax Foundation, a nonprofit organization that monitors federal and state fiscal policies. The group analyzed the impact of the 10-year budget proposal on various income groups. The study, released last week, said higher-income families would […]