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Tag Archives: economy

Fox inadvertently proves Obamas point

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 actual [...]

Obama Budget Would Take $112B From Rich

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 [...]

Obamas Jobb Loss statistics – thoughts?

I think this pretty much speaks for itself.

The Peace Prize Controversy

I know, we’re not maintaining this blog much but there’s an issue that just has to be adressed:
The Nobel Peace Prize that President Obama recently was awarded.
He’s gotten a lot of flack over this, especially in the conservative media – he even himself stated that he doesn’t really think he deserves it. And he might [...]

Day 67: Obama’s Pick for EPA Deputy Drops Out

First, we apologize for the slump in activity last few days. The recession hits everyone!
Seems Obama can’t get a break appointing his nominees:
President Obama’s nominee for the No. 2 post at the Environmental Protection Agency dropped out, saying scrutiny of a group he was affiliated with was threatening to become “a distraction” for the administration.
The [...]

Day 61: Bailout executives panic – House passes 90% tax on bonuses

As if jumping executives from the roofs of bank and wall street buildings wasn’t enough of a public sidewalk hazard, the House overwhelmingly passed a near total tax on bonuses paid to employees of AIG and other bailout biters. And to really nail the coffin – it’s retroactive.
The House vote sent some employees into a [...]

Day 60: Obama goes to California

President Obama begins a visit to southern California today where he plans to use a backdrop of job losses and home foreclosures to argue for a budget proposal he says will begin building a new economy. 
California supported Obama in last year’s election, and Republican Gov. Arnold Schwarzenegger endorsed the president’s stimulus package, which will bring [...]

Day 59: Obama Defends Budget Proposal

The White House has begun a full frontal assault to get President Obama’s first budget through Congress. During an appearance on Tuesday at the Eisenhower Executive Office Building, Mr. Obama took a swipe at Republican critics of his $3.6 trillion budget and its agenda for health care, energy, taxes and economic recovery.
“If there are members of [...]

Day 57: Obama Will Try to Block A.I.G. Bonuses

Obama on Monday vowed to try to stop the faltering insurance giant American International Group from paying out hundreds of millions of dollars in bonuses to executives, as the administration scrambled to avert a populist backlash against banks and Wall Street that could complicate Mr. Obama’s economic recovery agenda.
“In the last six months, A.I.G. has received [...]

Obama’s address to congress

Here’s the video of the entire Presidential address given February 24, 1009. Many hope this will be the first of at least eight.

ON EDIT (March 3, 2009 @ 09:45 EST): The old video player started automatically and crashed Safari browsers, so I replaced it with better-behaved YouTube code.