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Keyword: failure

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  • Katrina vanden Heuvel: How Romney’s extreme policies insult us all

    10/15/2012 10:52:13 AM PDT · by Oldeconomybuyer · 120 replies
    Washington Post ^ | October 15, 2012 | By Katrina vanden Heuvel
    At first glance, it might seem as if Mitt Romney’s path — from voting in the 1992 Democratic presidential primary to being the 2012 Republican presidential nominee — was linear. But over the past, winding, 20 years, Romney has held every possible view on every possible issue — often at the same time. When it comes to policy, he’s been downright promiscuous. Jolted with a fresh shot of post-debate energy, Romney is just doing more of what he’s always done — whatever it takes to get elected. This comes naturally because he is, fundamentally, a cipher. The only thing he...
  • In second debate, Obama faces challenges on key issues

    10/14/2012 4:06:30 PM PDT · by Oldeconomybuyer · 5 replies
    Reuters ^ | October 14, 2012 | By John Whitesides
    Losing ground to Republican Mitt Romney on a host of issues, President Barack Obama faces a serious challenge to put his re-election bid back on track when the two men face off on Tuesday in their second debate. With Romney having virtually erased Obama's lead in national polls just three weeks before the November 6 election, Obama is hoping to take advantage of the town hall-style format in Tuesday's debate to make a direct pitch to voters. On Sunday, Reuters/Ipsos surveys of likely voters indicated Romney had closed the gap or overtaken Obama in the past two weeks on a...
  • Obama is best choice for president

    10/14/2012 9:03:45 AM PDT · by Oldeconomybuyer · 55 replies
    Winston-Salem Journal ^ | October 14, 2012 | Editorial
    Americans have a clear choice between two presidential candidates with starkly different ideas for spurring the economy, providing for the health of our people, defending our interests abroad, educating our children and protecting our environment. We believe that President Barack Obama’s progress on these issues merits him a second term in the White House. Four years ago on this page, we endorsed Republican U.S. Sen. John McCain of Arizona over Obama. We wrote that we were impressed with Obama, but McCain would “bring the Iraq war to a successful conclusion, work to end American dependence on foreign oil, reduce America's...
  • Few young illegal immigrants take advantage of Obama's deferred action plan

    10/14/2012 7:21:13 AM PDT · by Oldeconomybuyer · 16 replies
    Tampa Bay Times ^ | October 14, 2012 | By Laura C. Morel
    Less than 15 percent of eligible young immigrants have applied for a program that would allow them to remain in the country for two years, with the possibility of getting a work permit. Why the tepid response from 1.3 million people, about 100,000 of them in Florida? Fear and politics, say immigration attorneys. Under deferred action — a program of the Obama administration that took effect in August — immigrants who arrived in the United States before age 16, graduated from high school or served in the military and do not have an extensive criminal record can stay for two...
  • Food fight in the school lunchroom

    10/14/2012 7:15:24 AM PDT · by Oldeconomybuyer · 28 replies
    Minneapolis Star-Tribune ^ | October 14, 2012 | by: MARIA ELENA BACA and HERON MARQUEZ
    They may be good for you, but some students are having a tough time swallowing the new, healthier school lunches. Across the United States, students are protesting new federal guidelines that have school lunches packing more fruits and vegetables, fewer carbohydrates and less meat. About 120 students at Jordan Middle School boycotted the lunch program to show their distaste, as did students in Wisconsin, New Jersey and Michigan. "The federal government is trying to solve a problem that every kid doesn't have," said Jacob Taxdahl, an eighth-grade football player at Jordan Middle School who started the three-day boycott via a...
  • Endorsements: Barack Obama for president

    10/14/2012 5:55:08 AM PDT · by Oldeconomybuyer · 31 replies
    The Sacramento Bee ^ | October 14, 2012 | Editorial
    Voters often say they want their elected leaders to keep their promises and, at crucial moments, show real political backbone. President Barack Obama deserves a second term largely because he has delivered on both of these fronts. ... Obama – unruffled by Looney Tunes claims that he is a "socialist" and a "Marxist" – has pursued a consistent, moderate path that has pulled this country back from the brink and put it on a path toward recovery. In a second term, with just a little help from Congress, he could finish the job and pursue other priorities, including upgrading transportation...
  • Inquirer Editorial: Obama will do a better job

    10/14/2012 5:34:41 AM PDT · by Oldeconomybuyer · 31 replies
    Philadelphia Inquirer ^ | October 14, 2012 | Editorial
    Like a carnival barker cajoling a mark into spending the last bills in his wallet, the Republican Party is counting on Americans' not remembering that they've seen this trick before. GOP presidential nominee Mitt Romney wants voters to forget their familiarity with the prize he's dangling before their eyes - a return to the disastrous economic policies that preceded the recession. Given that context, Romney's prize is no better than a fake pearl. ... Obama deserves more than the grudging credit Republicans are giving him for being the commander in chief who finally got Osama bin Laden. America is safer...
  • Obama touts benefits of auto bailout as debate looms

    10/13/2012 8:09:28 AM PDT · by Oldeconomybuyer · 22 replies
    Reuters ^ | October 13, 2012 | By Mark Felsenthal
    President Barack Obama sought on Saturday to sustain momentum from Vice President Joe Biden's strong debate showing by touting the benefits of one of his signature actions, the rescue of the U.S. auto industry, as he prepared for his next debate with Republican Mitt Romney. "We refused to let Detroit go bankrupt," Obama said in his weekly radio address. "We bet on American workers and American ingenuity, and three years later, that bet is paying off in a big way."
  • White House clarifies Biden on Libya security

    10/12/2012 1:53:19 PM PDT · by Oldeconomybuyer · 20 replies
    CNN ^ | October 12, 2012 | by Jessica Yellin
    ... A senior White House official, speaking anonymously, told CNN they recognize the president is responsible for the security of all U.S. personnel around the world. But their intent here is to make clear that the vice president was not misspeaking when he said that he and the president were not personally briefed on the security requests. The senior White House official also argued that while there were specific requests for additional security in Tripoli, there were none in Benghazi.
  • Axelrod: Romney does not have "big momentum"

    10/11/2012 5:34:35 AM PDT · by Oldeconomybuyer · 32 replies
    CBS News ^ | October 11, 2012
    President Obama's senior adviser, David Axelrod, denied on "CBS This Morning" that Mr. Obama is sliding in the polls and that Mitt Romney is gaining momentum. "I don't think there's a slide in the polls; I think there was a bump after the debate," Axelrod said Thursday. "I don't think there's big momentum" for Romney, he said, allowing that the Republican challenger "collected a couple of points." On the morning of the first and only vice presidential debate, Axelrod said Vice President Joe Biden's challenge "is going to be to pin Congressman Ryan down." "The Romney campaign is running away...
  • California's renewable-energy plans may hinge on presidential race

    10/11/2012 5:27:04 AM PDT · by Oldeconomybuyer · 18 replies
    Los Angeles Times ^ | October 10, 2012 | By Evan Halper
    Players big and small in the state's rapidly growing industry worry a Romney win will strip them of federal subsidies they say are key to clean energy's future. SACRAMENTO — On 7,300 isolated acres in eastern Kern County, a plan for dozens of wind turbines 20 stories high to generate enough electricity for tens of thousands of homes may hinge on who is elected president. Millions of dollars have been spent laying the groundwork. Permits are in order, contractors are lined up, government planners are on board. But like many other green energy efforts in California, the Avalon Wind Project...
  • Barack Obama Tiptoes Around the Threat of Terrorism

    10/11/2012 5:15:35 AM PDT · by Oldeconomybuyer · 11 replies
    US News & World Report ^ | October 11, 2012 | By Mary Kate Cary
    "I've come here to Cairo to seek a new beginning between the United States and Muslims around the world," President Barack Obama said in 2009, "one based on mutual interest and mutual respect." He went on to list the tensions between America and the Muslim world he sought to relieve—yet at the latest meeting of the U.N. General Assembly, he skipped meeting with any of his fellow world leaders for a taping of The View. It's hard to believe those snubbed leaders, who included Israeli prime minister Binyamin Netanyahu, think the president is actually relieving any tensions in the Middle...
  • IRS says ‘tax avoidance’ at heart of Solyndra bankruptcy plan

    10/10/2012 4:49:21 PM PDT · by Oldeconomybuyer · 16 replies
    Washington Times ^ | October 10, 2012 | By Jim McElhatton
    The Internal Revenue Service urged a bankruptcy judge to reject solar panel maker Solyndra LLC’s bankruptcy plan Wednesday, saying it amounts to little more than an avenue for owners of an empty corporate shell to avoid paying taxes. “The undeniable conclusion is that tax benefits drive this plan,” attorneys for the IRS wrote in a bankruptcy pleading. What’s more, government attorneys said that as far back as 2010, owners had “planned meticulously” to be able to use Solyndra’s net operating losses to offset future tax liabilities. “The only reason for the shell corporation to exist post-confirmation is to enable its...
  • U.S. official says superiors worked against effort to boost Benghazi security

    10/10/2012 4:27:22 PM PDT · by Oldeconomybuyer · 13 replies
    CNN ^ | October 10, 2012 | By the CNN Wire Staff
    The State Department's former point man on security in Libya told a congressional hearing Wednesday that his superiors worked against him as he tried to get more help for the U.S. diplomatic mission in Benghazi in the months before it was overrun in a deadly terror attack. Eric Nordstrom, the one-time regional security officer, told the House Oversight Committee that he had a disheartening conversation with the regional director of the agency's Bureau of Near Eastern Affairs when he requested additional manpower for the facility. "I said, 'Jim, you know what makes it most frustrating about this assignment? It's not...
  • Drop in Openings Signals Limited U.S. Job Growth: Economy

    10/10/2012 4:01:40 PM PDT · by Oldeconomybuyer · 2 replies
    Bloomberg | October 10, 2012 | By Alex Kowalski
    Link Only per FR rules:
  • Obama’s Libya statements become ludicrous

    10/10/2012 2:06:23 PM PDT · by Oldeconomybuyer · 45 replies
    Washington Post ^ | October 10, 2012 | By Jennifer Rubin
    Bring on the racks of “pants on fire” fact checks. Unload an army of Pinocchios to debunk the most egregious of the many untruths we’ve heard since the 9-11-2012 attack in Libya. In what is surely the most jaw-dropping of the many fudges, misrepresentations and outright lies by the Obama administration in handling the Libya attack that killed four Americans, we now hear from the State Department that it never linked the attack and death of four Americans in Libya to the anti-Muslim movie. I bet this comes as a bit of a surprise since you saw U.S. officials say...
  • Carlos Slim, World’s Richest Man, Gets Richer Supplying ‘Obamaphones’ to Poor

    10/10/2012 1:53:02 PM PDT · by Oldeconomybuyer · 21 replies
    FOX News ^ | October 10, 2012 | By Perry Chiaramonte
    A Mexican telecom mogul who holds the title of world's richest man, and one of President Obama's top donors are both getting even richer from the U.S. government program that supplies so-called "Obamaphones" to the poor. Carlos Slim, who has an estimated net worth of $70 billion, owns a controlling stake in TracFone, which makes $10 per phone for each device it provides to poor Americans. The company, whose president and CEO is Frederick “F.J.” Pollak, also makes money from extra minutes and data plans it sells to subscribers who get phones and service through the government's Lifeline program. The...
  • GM Picks a “Government Guy” to Run Cadillac

    10/09/2012 3:06:38 PM PDT · by Oldeconomybuyer · 17 replies
    Wall Street Journal ^ | October 9, 2012 | By Joseph B. White
    Robert Ferguson, named today by General Motors Co. to the new position of “vice president, global Cadillac,” is not a “car guy,” in the Detroit parlance. He’s a government guy, and before that, a deal guy and a phone guy. This is a sign of how things are changing at GM as it tries to rebuild itself post-bankruptcy. Mr. Ferguson, 53, joined GM in 2010 and until today was GM’s vice president for public policy, aka chief lobbyist in Washington. He led GM’s negotiations with Obama administration officials over the details of the president’s plan to nearly double the fuel...
  • Obama signals new urgency as race tightens

    10/09/2012 6:45:45 AM PDT · by Oldeconomybuyer · 15 replies
    The Los Angeles Times ^ | October 9, 2012 | By Michael A. Memoli
    <p>SAN FRANCISCO -- With each passing day, it seems that President Obama has increasingly absorbed the impact of his weak debate showing against Mitt Romney. And as he's eager for his supporters to know that he knows it's time to step up his game.</p>
  • Greece's Debt Nightmare Just Got Worse

    10/09/2012 6:38:13 AM PDT · by Oldeconomybuyer · 19 replies
    CNBC via Yahoo! News ^ | October 9, 2012 | By Holly Ellyatt
    German Chancellor Angela Merkel is landing in Greece to show her solidarity with her Greek counterpart, prime minister Antonis Samaras. Seven thousand police officers have been scrambled to clear the streets of central Athens along with rooftop snipers and commandos to protect the German leader. Greece's two largest unions threatened to defy a ban imposed on protesting in the city center, calling on their members to convene at Syntagma square. But economists told CNBC that Merkel was the least of Greece's problems. According to the latest economic forecasts from the International Monetary Fund (IMF), released on Tuesday, Greece will miss...