Tuesday, February 24, 2009
The dinner wasn’t all glamor and charisma – the President also unveiled a plan to reduce the US national debt with higher taxes on the wealtlhy, and cutting back on war spending. Who says the glamour and the glitz is all owned and revered by the Hollywood only. The new story has it that the [...]
Sunday, February 22, 2009
After a string of costly bailout and stimulus measures, President Obama will set a goal this week of cutting the annual deficit at least in half by the end of his term, administration officials said. The reduction would come in large part through Iraq troop withdrawals and higher taxes on the wealthy. Story on NYTimes
Wednesday, February 18, 2009
All that starts well doesn’t necessarily end well, it seems. Even as it pulls back from harsh interrogations and other sharply debated aspects of George W. Bush ’s “war on terrorism,” the Obama administration is quietly signaling continued support for other major elements of its predecessor’s approach to fighting Al Qaeda. In little-noticed confirmation testimony [...]
Tuesday, February 17, 2009
Swedish newspaper E24 ran a story yesterday with the headline “Made in Sweden is hot again”. Not since prime minister Olof Palme compared the bombings of Hanoi with Treblinka has Sweden been so debated on the other side of the Atlantic. In the times of financial crisis and regressing export markets the panicked Americans doesn’t [...]
Tuesday, February 17, 2009
Several sources seem to have sources that claim Obama is about to decide when/how many troops will be added to the war in Afghanistan, something that have been anxiously expected but delayed. Yesterday the White House promised he would make a decision “shortly” – whatever that means in politi-speak. Story on Google News In other [...]
Saturday, February 14, 2009
Savoring his first big victory in Congress, President Barack Obama on Saturday celebrated the newly passed $787 billion economic stimulus bill as a “major milestone on our road to recovery.” Speaking in his weekly radio and Internet address, Obama said, “I will sign this legislation into law shortly, and we’ll begin making the immediate investments [...]
Friday, February 13, 2009
The House has passed the $787 billion plan to resuscitate the economy, handing President Barack Obama a big victory. It’s an imposing eight inch thick mass of tax cuts and government spendings. Obama wasn’t completely overjoyed though, as it seems he had to make some actual diplomatic compromises, and the opposition is fierce; calling it [...]
Wednesday, February 11, 2009
Yesterday, lawmakers approved $838 billion plan on 61-37 vote, setting stage for what could be difficult negotiations to reconcile House and Senate versions. Story on MSNBC
Tuesday, February 10, 2009
President Barack Obama pressed Congress Monday night to urgently approve a massive economic recovery bill, using the first prime-time news conference of his presidency to warn that a failure to act; “could turn a crisis into a catastrophe.” He took his case for an $800 billion economic recovery package to one of the most distressed [...]
Saturday, February 7, 2009
Vote looms on $827 billion proposal after three Republicans break ranks. With job losses soaring nationwide, Senate Democrats reached agreement with a small group of Republicans Friday night on an economic stimulus measure at the heart of President Barack Obama’s plan for combatting the worst recession in decades. “The American people want us to work [...]
