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Keyword: kingofthedeficit

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  • Obama accuses Congress of holding back recovery

    08/20/2011 3:58:40 AM PDT · by Sub-Driver · 81 replies
    Obama accuses Congress of holding back recovery Photo 6:04am EDT By Laura MacInnis VINEYARD HAVEN, Massachusetts (Reuters) - A vacationing President Barack Obama accused Congress on Saturday of holding back the U.S. economic recovery by blocking "common sense" measures he said would create jobs and help growth. In remarks recorded on Wednesday on his campaign-style bus tour in Illinois and aired during his holiday in Martha's Vineyard, Massachusetts, Obama said the stalled construction, trade and payroll tax bills could give a boost to the economy. "The only thing preventing us from passing these bills is the refusal by some in...
  • Obama increases his personal debt ceiling -- his-and-hers jets for vacation

    08/19/2011 9:55:09 PM PDT · by garjog · 18 replies
    Daily Mail ^ | 19th August 2011 | Daily Mail Reporter
    Before it had even started in earnest, the much-maligned vacation became a PR nightmare, after it emerged this morning that he and his wife took separate government jets to Martha's Vineyard just hours apart. Michelle Obama​ was revealed to have arrived at the Massachusetts retreat, only 500 miles from Washington, four hours before her husband yesterday. ... The extra transport to get the the First Lady to the island for only a few more hours of vacation time will have cost taxpayers thousands in additional expenses. The costs related to Mrs Obama’s solo trip mainly include the flight on the...
  • Sarah Palin: Obama will come back early from vacation

    08/19/2011 8:41:34 AM PDT · by Responsibility2nd · 63 replies
    CBS News ^ | 08/19/2011 | Lucy Madison
    Sarah Palin has yet to make clear her intentions for the 2012 presidential elections, but she remains vocal in the debate over President Obama's performance. In a Fox News appearance on Thursday, Palin blasted President Obama for taking a vacation on Martha's Vineyard - and predicted that "he will come back early" after hearing from disgruntled Americans. Palin, a paid Fox News contributor, called Mr. Obama's vacation "very, very tone deaf" considering the nation's current economic woes, and said she would have acted differently. "I wouldn't if I were he, especially to Martha's Vineyard," she said. "I think he will...
  • And he's off! Obama all smiles as he jets to Martha's Vineyard - as approval plummets

    08/18/2011 6:26:36 PM PDT · by Nachum · 40 replies
    Daily Mail ^ | 8/18/11 | Staff
    With his approval rating dropping to historic lows, unemployment at an epic high and the Dow closing in the gutter, President Barack Obama is cutting his losses and taking a few days off. The president will be staying with his family at the Blue Heron Farm, a sprawling, $50,000-per-week estate with plenty of room for staff and Secret Service agents accompanying him on the trip. Mr Obama boarded Air Force One with First Dog Bo on Thursday as a new poll showed a startling loss in the commander-in-chief's favourability before he heads to Martha's Vineyard.
  • The Presidential Planner: Obama Heads to Martha's Vineyard

    08/18/2011 7:17:17 AM PDT · by Oldeconomybuyer · 48 replies
    ABC News ^ | August 18, 2011 | Devin Dwyer
    Fresh off three days of barnstorming in the Midwest, President Obama will spend the morning at the White House in two closed-door meetings, first with his senior economic advisors in the Oval Office then with his national security team in the Situation Room. In the afternoon, Obama heads to the island oasis of Marthas Vineyard off the coast of Massachusetts, where hes expected to spend the next 10 days vacationing with his family.
  • Obama's Shameful Photo-Op

    08/15/2011 4:52:08 PM PDT · by Kaslin · 40 replies
    IBD Editorials ^ | August 15, 2011 | Staff
    Leadership: Disrespecting grieving families, the president sneaks a photographer into the ceremony honoring the SEALs who died in Afghanistan. The presidential scrapbook and campaign are more important. We thought perhaps the White House had received a sufficient dose of condemnation as well as some sensitivity training over a planned Sony film hyping President Obama's "gutsy call" regarding the successful Navy SEAL mission that killed Osama bin Laden. The film was to be released three weeks before the 2012 vote. We were wrong. When 30 U.S. Special Operations forces, including Navy SEALs from SEAL Team 6, the unit that got the...
  • Obama's Vineyard Vacation Will Cost Taxpayers Millions

    08/14/2011 2:49:41 PM PDT · by IbJensen · 45 replies
    US News ^ | 8/11/2011 | Paul Bedard
    At a time when many more cash-strapped Americans are stuck at home instead of vacationing at the beach, President Obama next week will lead an entourage of several dozens to exclusive Martha's Vineyard island at a cost of millions to taxpayers. While technically he is paying for his estimated $50,000 a week rental of the 28-acre beachfront Blue Heron Farm in woodsy Chilmark, the dozens of U.S. Secret Service agents, communications officials, top aides, drivers, and U.S. Coast Guard personnel with him will be covered by taxpayers as with every other presidentialvacations. His 11-day stay will require the Coast Guard...
  • Live Thread: POTUS to speak to country at 1730 ZULU concerning S&P downgrade

    08/08/2011 8:31:48 AM PDT · by DCBryan1 · 794 replies · 2+ views
    08 AUG 11 | dcbryan1
    CNBC just broke in and told the audience that the President has requested airtime and will speak to the nation at 1300hrs EST (12 noon central, 10 AM PST) on the US national debt downgrade.Developing...
  • Obama Makes History (of Our AAA Credit)

    08/08/2011 6:03:28 AM PDT · by markomalley · 15 replies
    The Obama administration and congressional Democrats are betting their political futures on the hope that the American electorate is ignorant and forgetful, and hence the memo has gone out to functionaries hither and yon, from David Axelrod to John Kerry: This is to be called the tea-party downgrade. That this is said with straight faces bespeaks either an unshakable contempt for the mind of the American voter or an as-yet unplumbed capacity for Democratic self-delusion. Let us revisit the facts. The original debt-ceiling deal put forward by the Democrats totaled $0.00 in debt reduction. This would have fallen approximately $4...
  • Dollar to Be 'Discarded' by World: China Rating Agency

    08/07/2011 9:08:35 AM PDT · by barmag25 · 166 replies
    CNBC ^ | 7 Aug 2011 | Ee Sing Wong
    The man who leads one of Chinas top rating agencies says the greenbacks status as the worlds reserve currency is set to wane as the worlds most powerful policy makers convene to examine the implication of S&Ps decision to strip the United States of its triple A rating. In comments emailed to CNBC, Guan Jianzhong, chairman of Dagong Global Credit Rating, said the currency is gradually discarded by the world, and the process will be irreversible. Dagong made headlines last week when it became the first rating agency to cut its U.S. credit rating from A+ to A after policymakers...
  • S&P warns of a second downgrade

    08/06/2011 2:11:26 PM PDT · by Clairity · 158 replies
    Politico ^ | August 6, 2011 | Josh Boak
    One day after lowering the nation’s platinum triple-A credit rating, Standard & Poor’s analysts warned Saturday that the U.S. government could face a second downgrade if the economy continues to struggle and the government fails to make the cuts outlined in the debt ceiling agreement. The ratings agency on Friday downgraded the nation to AA+ for the first time in history, saying partisanship in Washington is preventing dramatic deficit reduction.
  • US Loses AAA Credit Rating for First Time (Obama's the only one with $1.6 trillion deficits yearly)

    08/06/2011 5:28:58 AM PDT · by tobyhill · 36 replies
    voice of america ^ | 8/6/2011 | voa
    Credit rating agency Standard & Poor's has downgraded the U.S. credit rating for the first time ever, from the top rank of AAA to AA+. S&P said it lowered the rating because the deficit reduction plan Congress passed on Tuesday did not go far enough to stabilize the country's debt situation. The agency said Friday's downgrade reflects its view that the "effectiveness, stability and predictability of American policymaking and political institutions have weakened" to a greater degree than it envisioned several months ago. It said this weakening has taken place at a time of "ongoing fiscal and economic challenges." S&P...
  • FLASHBACK: Obama Wins on the Economy, McCain on Terrorism

    08/06/2011 5:12:09 AM PDT · by Oldeconomybuyer · 4 replies · 1+ views ^ | October 14, 2008 | by Lydia Saad
    PRINCETON, NJ (Gallup) -- Barack Obama enjoys a solid advantage over John McCain -- 53% to 39% -- in U.S. public perceptions of which of the two candidates would better handle the economy as president. The weekend poll shows, additionally, that Obama is preferred over McCain by 12-point margins on the issues of taxes and energy. Obama's lead on these issues is particularly notable because McCain and his running mate, Sarah Palin, have strived to capture the political upper hand on both issues. The Democratic nominee has an even bigger advantage on healthcare, on which 61% of Americans say Obama...
  • Obama says debt ceiling crisis hurt economy

    08/03/2011 12:57:00 PM PDT · by Justaham · 55 replies
    Reuters ^ | 8-3-11
    The U.S. debt ceiling crisis had an unnecessary negative impact on the economy, President Barack Obama said on Wednesday, while a congressional impasse over aviation could cost the government $1 billion in lost revenues. Obama signed legislation into law on Tuesday that would raise the U.S. debt ceiling and cut spending, averting a default hours before a deadline. "The economy is still weakened, partly because of some things we couldn't control like the Japanese earthquake and the situation in Europe as well as the Arab Spring and its effect on oil prices," Obama told reporters at the White House at...
  • US may have way to cover bills after deadline, for week (Obama lies, again!)

    07/27/2011 3:45:55 AM PDT · by tobyhill · 13 replies
    msnbc ^ | 7/26/2011 | BINYAMIN APPELBAUM/NY Times
    It turns out the federal government is sitting on some extra cash. Thanks to an inflow of tax payments and maneuvering by the Treasury Department, the government can probably continue to pay all of its bills for several days after Aug. 2, providing potentially critical breathing room for Congress to raise the debt ceiling, according to estimates by several Wall Street banks and a Washington research organization. The consensus is that the government will not run short of money until Aug. 10, when it would be unable to cut millions of Social Security checks without borrowing more money. President Obama...
  • Is the President Lying About Social Security and the Debt Ceiling?

    07/26/2011 7:48:43 AM PDT · by Kaslin · 14 replies ^ | July 25, 2011 | John C. Goodman
    Apparently he is. And its not just me saying it. From across the political spectrum, there has been widespread condemnation of the way the White House is using Social Security checks as a weapon in President Obamas budget battles with the congressional Republicans. "I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue [increasing the debt ceiling]. Because there may simply not be the money in the coffers to do it," President Obama said in a recent interview with Scott Pelley of CBS News. When I heard that, I took him at his...
  • White House stokes debt-ceiling crisis (No to new plan)

    A Republican aide e-mails me: The Speaker, Sen. Reid and Sen. McConnell all agreed on the general framework of a two-part plan. A short-term increase (with cuts greater than the increase), combined with a committee to find long-term savings before the rest of the increase would be considered. Sen. Reid took the bipartisan plan to the White House and the President said no.
  • Eight Hundred Days Without A Budget-A new milestone in Democrat Party governance is reached.

    07/25/2011 7:42:25 AM PDT · by WOBBLY BOB · 14 replies
    human events ^ | 7-8-11 | John Hayward
    Democrats have controlled the Senate and the White House since the election of 2008, and the House of Representatives up until this year. Certainly they could have passed any budget they desired, including one with tax increases and spending increases. But they chose to ignore the 800-day gorilla in the room because they don't want to be on record supporting a budget that actually does what they want. Then the public could hold them accountable for their cowardly and irresponsible behavior in the face of national fiscal calamity.
  • Obama, Dem leaders to meet as debt crisis deepens

    07/24/2011 2:31:23 PM PDT · by Free ThinkerNY · 17 replies
    Associated Press ^ | July 24, 2011
    WASHINGTON (AP) President Barack Obama will meet with the top Senate and House Democrats Sunday night amid the nation's deepening political standoff over the federal debt. The White House said late Sunday afternoon that Obama had invited Senate Majority Leader Harry Reid and House Democratic leader Nancy Pelosi to the Oval Office.
  • Obama: Stop insults and compromise over debt (Stop Lying Obama)

    07/23/2011 6:09:07 AM PDT · by tobyhill · 41 replies
    msnbc ^ | 7/23/2011 | msnbc
    Barack Obama called Saturday for an end to insults and demands in the negotiations over the debt ceiling, after they broke down Friday night. In his weekly address, ahead of an emergency meeting at the White House Saturday morning, the president said that the government had spent more money than it takes in for year and result was "a lot of debt on our nation's credit card." This debt would "weaken our economy, cause higher interest rates for families, and force us to scale back things like education and Medicare" unless action was taken, Obama said. "Now, folks in Washington...