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Keyword: presidentdowngrade

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  • Obama loses his mind for 800k government workers ignoring the other 15 million unemployed citizens.

    10/03/2013 2:14:04 PM PDT · by jilliane · 50 replies
    CBC News ^ | 10/3/2013 | AP
    President Barack Obama laid the blame for the U.S. government's partial shutdown at the feet of House of Representatives Speaker John Boehner on Thursday...With 800,000 federal government employees forced into taking leave, some agencies have almost entirely shuttered, including NASA, the Commerce Department and the Environmental Protection Agency.
  • BREAKING: Egan Jones Downgrades US From AA To AA-

    09/14/2012 12:32:42 PM PDT · by tcrlaf · 46 replies
    Zerohedge ^ | 10-14-12 | Egan-Jones via Zerohedge
    From Egan Jones: Synopsis: UNITED STATES (GOVT OF) EJR Sen Rating(Curr/Prj) AA-/ N/A Rating Analysis - 9/14/12 EJR CP Rating: A1+ Debt: $15.2B EJR's 1 yr. Default Probability: 1.2% Up, up, and away - the FED's QE3 will stoke the stock market and commodity prices, but in our opinion will hurt the US economy and, by extension, credit quality. Issuing additional currency and depressing interest rates via the purchasing of MBS does little to raise the real GDP of the US, but does reduce the value of the dollar (because of the increase in money supply), and in turn increase...
  • Bernanke Echoes CBO's Report of "Massive Fiscal Cliff"

    09/12/2012 11:54:37 AM PDT · by 92nina · 4 replies
    ATR ^ | 2012-09-10 | Rhett Brooks
    At the Federal Reserve’s last conference meeting in Jackson Hole, Wyoming, Federal Reserve Chairman Ben Bernanke gave the Fed’s outlook for the U.S. economy. Taxmageddon was one of Bernanke’s biggest concerns, as he warned of a “massive fiscal cliff.” Bernanke suggested that Congress “figure out ways to achieve the same long-run fiscal improvement without having it all happen at one date.” Bernanke’s statements echoed the CBO’s latest report on the economy that also warned of a “massive fiscal cliff”, one that would undoubtedly lead to a recession in 2013. Bernanke has made it clear in his past warnings to Congress...
  • Pelosi: Obama Should Raise Debt Limit Directly, Go Around Congress

    06/20/2012 10:10:19 PM PDT · by tcrlaf · 79 replies
    TPM ^ | 6-20-12 | Brian Beutler
    House Minority Leader Nancy Pelosi has changed her public position on an issue that divided Democrats during the fight over raising the debt ceiling last summer. She now says that President Obama should use the 14th Amendment to raise the debt ceiling by fiat — to preserve the country’s credit rating and avoid another economically harmful brinksmanship over the country’s borrowing limit. “I would like to see the constitution used to protect the country’s full faith and credit,” she told a handful of columnists at a roundtable. According to Matt Yglesias, “She didn’t offer a legal argument in favor of...
  • Sen. Tom Coburn: 'No doubt' US credit rating will be downgraded again

    05/24/2012 2:34:20 PM PDT · by SeekAndFind · 3 replies
    The Hill ^ | 05/23/2012 | Geneva Sands
    Sen. Tom Coburn (R-Okla.), a staunch fiscal conservative and Tea Party favorite, said he is certain that the United States will face another credit downgrade. "S&P's downgrade on us was right, matter of fact we're going to get another downgrade. I can tell you right now, you can have a great legal case for suing the rating agencies for not downgrading us again because we have not demonstrated the political will to solve the problems," said Coburn on CBS's midweek show "Face to Face," posted online Wednesday. The Oklahoma senator told CBS that he has "no doubt" that there will...
  • Vacation backlash: Blue collar Dems jealous, angry at Obamas

    04/26/2012 1:39:25 PM PDT · by MissesBush · 29 replies
    Washington Examiner ^ | 04/26/2011 | Paul Bedard
    Blue collar Democratic voters, stuck taking depressing “staycations” because they can’t afford gas and hotels, are resentful of the first family’s 17 lavish vacations around the world and don’t want their tax dollars paying for the Obamas’ holidays, according to a new analysis of swing voters. “They view everything through their own personal situation and if they can’t afford to do it, they can’t enjoy it, they don’t like Obama using their tax dollars to benefit himself,” said pollster John McLaughlin. “In this case, they see him as out of touch. While they are struggling he’s not sharing in that...
  • Egan-Jones cuts U.S. rating (based) on debt burden (AA -- now only 3rd highest rating)

    04/06/2012 9:16:39 AM PDT · by xzins · 41 replies
    Reuters ^ | Apr 6 | Richard Leong
    NEW YORK, April 6 (Reuters) - Egan-Jones Ratings downgraded the credit level of the United States as Washington has struggled to reduce the federal debt burden, which is projected to surpass the size of the country's economy. The independent rating firm, which issued the downgrade late Thursday, said its senior debt rating on the United States is now AA, its third highest rating, down one notch from AA-plus. It also maintained a negative watch on the world's biggest economy as the federal debt load could rise to $16.7 trillion at the end of 2012. U.S. gross domestic product, in the...
  • Obama’s war on liberty

    03/20/2012 7:32:40 AM PDT · by StaffiT · 11 replies
    Canada Free Press ^ | March 19, 2012 | Joan R. Neubauer
    That agenda is to lead us to European-style socialism. Despite the fact that socialism has caused the European economy to tank. Despite the fact its results have fomented rioting in the streets. Despite the fact that it has failed miserably. But Obama and his cohorts have an agenda, the agenda of the elites who feel they know better than the rest of us. In addition, they have the mistaken impression that any rights We the People may have, derive from government. They, as the ruling class will decide what rights we may or may not enjoy, a concept anathema to...
  • [READ!] HE PROMISED CHANGE IN WASHINGTON. THEN THE DEBT DEAL COLLAPSED. SO OBAMA CHANGED COURSE.

    03/19/2012 11:17:21 AM PDT · by Lazamataz · 56 replies · 1+ views
    Washington Post ^ | Mar 18 2012 | BY PETER WALLSTEN, LORI MONTGOMERY AND SCOTT WILSON
    What happened? Obama and his advisers have cast the collapse of the talks as a republican failure. Boehner, unable to deliver, stepped away from the deal, simple as that. But interviews with most of the central players in those talks— some ofwhomwere granted anonymity to speak about the secret negotiations — as well as a review of meeting notes, e-mails and the negotiating proposals that changed hands, offer a more complicated picture of the collapse. Obama, nervous about how to defend the emerging agreement to his own democratic base, upped the ante in a way that made it more difficult...
  • S&P Threatens US With Another Downgrade In As Little As 6 Months

    02/08/2012 11:58:13 AM PST · by Qbert · 11 replies
    Zero Hedge ^ | 02/08/2012 | Tyler Durden
    <p>Will A be the new AA+? Perhaps, if the S&P follows through with its latest threat. Bloomberg reports that [Bloomberg material cannot be posted here] . . . .</p>
  • Fitch Ratings: ‘Negative’ outlook for U.S. credit rating

    11/28/2011 4:30:49 PM PST · by ColdOne · 5 replies
    Politico ^ | 11/28/11 | JOSH BOAK
    Following the failure of the supercommittee, the U.S. government’s AAA credit rating was placed on a “negative outlook” Monday by Fitch Ratings, indicating a more than 50 percent chance the country gets slapped with another downgrade in the next two years. “By postponing the difficult decisions on tax and spending until after forthcoming congressional and presidential elections, the scale and pace of required deficit reduction will consequently be greater,” Fitch said in a statement. “Conversely, failure to reach agreement in 2013 on a credible deficit reduction plan and a worsening of the economic and fiscal outlook would likely result in...
  • President Downgrade lectures Europe on austerity

    11/11/2011 7:54:03 AM PST · by Engraved-on-His-hands · 11 replies
    The Daily Mail [Charleston, WV] ^ | November 11, 2011 | Don Surber
    The president who is well on his way toward borrowing more money than any other president — the first president to downgrade the nation’s credit — had a late-night conference call with European leaders to chew them out for not meeting his standards when it comes to managing a nation’s money. From the London Daily Mail: “Barack Obama has read the riot act to the leaders of several European countries — saying more dramatic action is needed to avert a eurozone meltdown. The U.S. President made telephone calls to German Chancellor Angela Merkel, French President Nicolas Sarkozy and Italian President...
  • Barack Obama: Let's Reclaim the Post-9/11 Unity (by Community Organizing!)

    09/11/2011 10:00:17 AM PDT · by mojito · 29 replies
    White House ^ | 9/9/2011 | Barack Hussein Obama
    Ten Septembers have come and gone since that awful morning. But on this 10th anniversary of the 9/11 attacks, we are summoned once more to honor those we lost by keeping our country strong and true to their memory. Over the coming days, we will remember nearly 3,000 innocent victims — fathers and mothers, sisters and brothers, sons and daughters who were simply going about their daily lives on a beautiful Tuesday morning. And we'll talk to our children about what happened on that day, and what's happened since. Like every American, I'll never forget how I heard the terrible...
  • Krauthammer: People finally realizing Obama ‘is a mortal who is in over his head’

    09/11/2011 6:25:49 AM PDT · by Hotlanta Mike · 65 replies
    The Daily Caller ^ | Updated: 6:35 PM 09/10/2011
    As President Barack Obama’s approval rating reaches new lows with seemingly every tracking poll, the question of how he is going to win re-election is a high priority for the president and his administration. However, based on Thursday night’s address to a joint session of Congress, it appears Obama could be attempting to mimic former President Harry Truman’s 1948 campaign against a “do-nothing Congress.”
  • Obama TV ratings drop for joint session speech - lowest ever.

    09/09/2011 2:04:19 PM PDT · by sunmars · 55 replies
    washington examiner ^ | washington examiner
    President Obama’s jobs speech represented the lowest ratings he’s received for any address to a joint session of Congress of his presidency. The speech garnered 31.5 million viewers, according to the website TVbythenumbers, which was slightly lower than his Sept. 2009 health care speech to Congress, which drew 32.1 million viewers and is probably the fairest comparison. But viewed against other addresses to Congress, it looks worse, and is part of a broader downward trend. During his first speech to a joint session of Congress in February 2009, Obama drew 52.4 million viewers. His first official State of the Union...
  • To Heck with "tweeting" Obama, Let's Just Impeach Him !

    09/09/2011 2:49:09 PM PDT · by Graewoulf · 40 replies
    Vanity/Civic Duty | September 9, 2011 | Graewoulf
    Obama got his 500,000,000,000.00 dollars today from the US Senate, thanks in no small part to Senator Son-of-a-Mitch McConnell, and Robo-Senator Reid-in-the-Wind. Obama had asked last night in his unfinished Jobs give-away bill , (i.e. "targeted") , for only 450,000,000,000.00 dollars. This is an obvious attempt to avoid a financial deadline. This timing of the speech, Joint Session, amount transferred, suggest a pattern of a sudden increase in spending by the Executive Branch of the US Government. It is now time to begin The Articles of Impeachment against President Obama to prevent further dereliction of financial duty and other neglected...
  • Obama TV ratings drop for jobs speech

    09/09/2011 2:51:17 PM PDT · by bronxville · 12 replies
    theexaminer ^ | 09-09-2011 | Philip Klein
    President Obama’s jobs speech represented the lowest ratings he’s received for any address to a joint session of Congress of his presidency. The speech garnered 31.5 million viewers, according to the website TVbythenumbers, which was slightly lower than his Sept. 2009 health care speech to Congress, which drew 32.1 million viewers and is probably the fairest comparison. But viewed against other addresses to Congress, it looks worse, and is part of a broader downward trend. During his first speech to a joint session of Congress in February 2009, Obama drew 52.4 million viewers. His first official State of the Union...
  • Twelve Words to Describe Obama's Jobs Speech

    09/09/2011 2:47:26 PM PDT · by rawhide · 14 replies
    foxnrews.com ^ | 9-8-11 | Karl rove
    Presumptuous: He demanded – 17 times – that Congress immediately pass a bill no one has seen. Tired: The speech contained little new, just mostly recycled ideas or extensions of current programs that haven’t worked. Small: Its proposals, while expensive, offer little hope of really jump-starting the economy. Mind-boggling: Mr. Obama wants to drains hundreds of billions from Social Security for another stimulus. Slippery: It will all be paid for, the president said, but it’s up to a Congressional committee to figure out how. Misleading: These were just GOP ideas. Really? Republicans have proposed another $450 billion stimulus bill, Mr....
  • Obama Is Downgraded From Messiah To Moses

    09/08/2011 4:44:50 PM PDT · by The Looking Spoon · 11 replies
    The Looking Spoon ^ | 9-8-11 | Jared H. McAndersen
  • FBI Issues Search Warrants at California Solar Firm Touted by Obama

    09/08/2011 2:07:10 PM PDT · by lbryce · 22 replies
    Fox News ^ | September 8, 2011 | Staff
    FBI Issues Search Warrants at California Solar Firm headquarters in Fremont as part of a joint operation by the Federal Bureau of Investigation, Department of Energy and the Office of Inspector General, FBI spokesman Peter Lee said. Lee told FoxNews.com that "multiple search warrants" were executed but said he could not provide details on what prompted the investigation. "Everything’s under seal," he said. The investigation comes one week after the company laid off 1,100 workers and filed for bankruptcy. The solar-panel manufacturer is now being sued by workers who abruptly lost their jobs. Solyndra LLC was once touted by President...
  • Hey Obama? Best Stimulus is to Stop Killing Jobs

    09/08/2011 2:49:37 PM PDT · by Kaslin · 11 replies
    Townhall.com ^ | September 8, 2011 | Marita Noon
    A study released today by Wood Mackenzie told you everything you needed to know about what’s wrong with Obama on jobs. The report estimates that across the country 1.4 million jobs could be created if the federal government would stop delaying the development of existing energy resources in the country. “U.S. oil and natural gas policy changes could generate more than 1.4 million new jobs,” said a statement with the report, “$800 billion in additional government revenue, and 10 million barrels worth of added daily oil and natural gas production by 2030, according to a study by Wood Mackenzie released today...
  • FBI raids solar panel company hailed by Obama Firm got $500,000 in stimulus funds

    09/08/2011 11:59:56 AM PDT · by bestintxas · 41 replies
    washtimes ^ | 9/8/11 | By Jim McElhatton and Jerry Seper
    FBI agents on Thursday executed search warrants at the headquarters of Solyndra LLC, which was awarded more than $500,000 in federal stimulus loans in 2009 to make solar panels in what the Obama administration called part of an aggressive effort to put more Americans to work and end U.S. dependence on foreign oil. But the company filed a bankruptcy petition Tuesday in Delaware, asking a court to bar phone, electricity and water and sewer service providers from “altering, refusing or discontinuing service,” and now is the focus of an investigation by the FBI and the Energy Department's Office of Inspector...
  • Obama's Guest List Offers Clues To His Themes [jobs speech]

    09/08/2011 12:01:03 PM PDT · by smokingfrog · 21 replies
    NPR.org ^ | 8 Sept 2011 | Mark Memmot
    The White House just put out the list for President Obama's jobs-focused address this evening. Those who will be in the gallery with first lady Michelle Obama include: — Jeffrey Immelt, CEO of General Electric. He's chairman of the President's Council on Jobs and Competitiveness. So look for Obama to again stress the importance of technology, research and development. — Steve Case, who co-founded America Online and is, the White House says, "one of America's most accomplished entrepreneurs and philanthropists." He fills the "American can-do/entrepreneurial spirit" slot. — Darline Miller, CEO of Permac Industries, a Minnesota company that makes "precision...
  • Appeals Court Dismisses VA Challenge to Obama HC Law

    09/08/2011 12:13:39 PM PDT · by CitizenM · 61 replies
    Fox News ^ | 9/8/11
    Federal appeals court on Thursday rejected Virginia's challenge to President Obama's health care law, saying in a ruling that the state doesn't have a right to bring a lawsuit. The unanimous decision from the three-judge panel of the 4th U.S. Circuit Court of Appeals overturns a lower court's decision to declare the law unconstitutional and is the second appellate court ruling in favor of the government's right to require individuals to buy health insurance or pay a penalty. But the court on Thursday stopped short of ruling whether the individual mandate in the health care law is constitutional; it strictly...
  • European Stocks Fall Sharply as Debt Fears Hit Banks

    09/05/2011 7:38:59 AM PDT · by P.O.E. · 6 replies
    CNBC ^ | 09/04/11 | Patrick Allen
    <p>European shares fell sharply on Monday amid renewed fears over the euro zone debt crisis and a warning from Deutsche Bank’s CEO on the outlook for banks.</p> <p>The DAX [.GDAXI 5232.69 -305.64 (-5.52%) ] led the losers, falling by nearly 4 percent, while stocks in London and Paris also fell sharply.</p>
  • Obama to Nominate Princeton Professor as Head of Economic Advisers Team

    08/29/2011 6:32:36 AM PDT · by chickadee · 48 replies
    Fox News ^ | August 29, 2011
    As President Obama prepares his jobs plan speech, he's also filling out his economics team, preparing to nominate Princeton University's Alan Krueger to be chairman of the White House Council of Economic Advisers. <----> snip Krueger, 50, a labor specialist who served in Obama's Treasury Department in the first two years of the administration, returns to Washington to succeed Austan Goolsbee, who is now back at the University of Chicago. A senior administration official told Fox News on Monday that Krueger's job will be to provide policy prescriptions on ways to spur unemployment. Obama was expected to announce his nominee,...
  • Gibson Guitar CEO: We're Under Attack By Obama Administration

    08/28/2011 5:57:32 PM PDT · by Nachum · 150 replies
    Human Events ^ | August 27, 2011 | Jim Hoft
    Henry Juszkiewicz, the CEO of Gibson Guitars, Inc. was on The Dana Loesch Show on Friday. Gibson is under attack by the the Obama Justice Department for accusations that the company broke American Indian laws. Juszkiewiz said the government suggested that the company's use of unfinished wood from India is illegal, not because of U.S. law, but because of the Justice Department's interpretation of a law in India. The Holder Justice Department raided at least two Gibson manufacturing plants this week forcing hundreds of workers off their jobs. Juszkiewiz says the company lost a million dollars this week. Finally, Henry...
  • Pollsters: Modern History Shows Obama Can't Win in 2012

    08/28/2011 5:53:47 PM PDT · by RobinMasters · 33 replies
    Newsmax ^ | August 27, 2011 | David A. Patten
    The economy is so dismal that President Barack Obama will have to re-write the political history books if he hopes to win re-election, political strategists say. The latest bad news for Team Obama: Economic growth for the second quarter was revised downward from 1.3 to a mere 1 percent on Friday -- far below the level of activity required to put a dent in the nation’s chronic, high joblessness. Those slumping GDP numbers followed an economic-outlook report by the Congressional Budget Office that likely touched off alarm bells in Obama’s campaign. Despite optimistic assumptions about GDP growth, inflation, and deficit-spending,...
  • Why Obama Can't Support A Real Jobs Program

    08/28/2011 3:24:12 PM PDT · by 2ndDivisionVet · 26 replies
    Forbes Magazine ^ | August 28, 2011 | Paul Roderick Gregory
    President Obama’s much-anticipated jobs speech will undoubtedly cover more of the same things that already haven’t not worked. He will propose an infrastructure bank, extension of unemployment and food stamps, promotion of green jobs, more government-corporate partnerships, and a one-year extension of the payroll tax reduction. He’ll advocate a second stimulus. He may be flanked by his jobs commission, headed by the CEO of General Electric, which earlier issued a lame interim jobs report. His speech will not be about jobs. Instead, it will be a campaign speech in disguise. Obama cannot propose a real jobs program. His constituents would...
  • Why Obama economy won't improve

    08/28/2011 3:20:33 PM PDT · by nandrew · 27 replies
    World Net Daily ^ | August 23, 2011 | Michael Master & Jack Tymann
    Contrary to the assertions of President Obama, the private sector has not produced 2 million jobs since January of 2009 when he was inaugurated. He lied one more time....The reality is 2.5 million jobs in the private sector have been eliminated since President Obama assumed office. When this is combined with the fact that 2 million new applicants for jobs enter the work force each year, Obama is really behind in the creation of 7.5 million jobs just to maintain the same unemployment percentage he inherited. Another 3 million will enter the work force by the end of 2012, so...
  • Fail. Yahoo Readers Not Very Impressed With Obama’s Command Center Photo-Op

    08/28/2011 9:49:52 AM PDT · by Nachum · 79 replies
    Gateway Pundit ^ | 8/28/11 | Jim Hoft
    President Downgrade cut his vacation short to make an appearance at the Hurricane Command Center for a few pictures yesterday. Apparently, not everyone was impressed with this obvious publicity stunt. Here is a sampling of the comments from the Yahoo report:
  • President Obama needs a bold jobs plan (Big Lib Robert Reich)

    08/28/2011 8:34:18 AM PDT · by indianrightwinger · 23 replies
    SFGate.com ^ | Robert Reich
    President Obama needs a bold jobs plan Robert Reich Sunday, August 28, 2011 The president says he'll propose a jobs bill shortly after Labor Day. Will it do any good? That depends on how bold it is. All he's talked about so far is extending the payroll tax cut and unemployment benefits (fine, but small potatoes), ratifying the Colombia and South Korea free trade agreements (not necessarily a job-creating move) and reauthorizing the highway-building fund (a necessary but tiny step). Some of the president's political advisers are pushing these sorts of small-bore initiatives. They think these might have a chance...
  • Obama iPhone (countdown) clock application

    08/28/2011 8:28:52 AM PDT · by mathprof · 4 replies
    iTunes store ^ | 8/28/11
    "Description This app is a countdown to either Barack Obama's second inauguration or his final days as President of the United States. In addition, the application will download and update the following important voter metrics: Approval Rating Public Debt Unemployment Level Gasoline Cost Per Gallon Housing Price Index *Note: To refresh your data, simply press Obama's Trojan Tree Pin*"
  • Irene Throws Obama Another Curveball Amid Push to Refocus on Economy (More excuses)

    08/27/2011 7:15:19 PM PDT · by tobyhill · 31 replies
    Fox News ^ | 8/26/2011 | Judson Berger
    President Obama's been blaming "bad luck" lately for the state of the economy. Then along comes Hurricane Irene. The storm that already has lashed the Bahamas was making its way toward the North Carolina coast Friday. Thousands of people were under evacuation orders as governors all along the East Coast declared a state of emergency. The potential effect from natural disasters like this is a mixed bag. They can cause billions in property damage, sap up government resources, trigger a rise in gas prices and cut down on productivity in the near-term. Irene's bill may be inflated by its presumed...
  • Obama Seeks New Infrastructure For Job Creation [CBS News Reveals Obama's Job Plan Centerpiece]

    08/27/2011 5:59:42 PM PDT · by Steelfish · 62 replies
    CBSNews ^ | August 27, 2011 | Wyatt Andrews
    August 27, 2011 Obama Seeks New Infrastructure For Job Creation By Wyatt Andrews (CBS News) Hurricane Irene persuaded President Obama to cut short his vacation on Martha's Vineyard, where he worked on the job creation plan he'll unveil after Labor Day. Most of the president's plan for jobs is still being developed -- except for one idea he's been pushing hard and pushing in public, reports CBS News White House correspondent Wyatt Andrews. "Let's rebuild America," the President said in a recent speech. The President wants to spend big on the nation's roads and bridges, starting with a two-year, $109...
  • Obama takes charge at hurricane command center

    08/27/2011 1:19:01 PM PDT · by PROCON · 317 replies
    AFP ^ | Aug. 27, 2011
    WASHINGTON - US President Barack Obama on Saturday personally led his government’s response to Hurricane Irene, marshalling top officials and visiting a disaster command center as the storm roared ashore. Obama greeted officials at the National Response Coordination Center (NRCC) set up at the Federal Emergency Management Agency’s (FEMA) headquarters in Washington, and then held a video conference with federal and state officials.
  • Hurricane Irene to deliver blow to economy (It Starts)

    08/27/2011 2:43:46 PM PDT · by Typical_Whitey · 46 replies
    MSNBC ^ | 8/27/11 | ELLEN GIBSON
    NEW YORK — As Hurricane Irene roars toward the East Coast — home to some of the country's most densely populated cities and costliest waterfront real estate — experts are forecasting a multibillion-dollar disaster. Hurricane Irene is expected to make landfall in North Carolina as a Category 2 storm early Saturday, then move up the Eastern Seaboard, where more than 50 million people from the Carolinas to Massachusetts could be in the path of heavy rain and tropical-force winds. The economic impact of the hurricane largely will depend on factors that include the storm's size, where it makes landfall, and...
  • When will the Obama administration sell GM?

    08/27/2011 2:43:02 PM PDT · by jazusamo · 24 replies
    WaPo ^ | August 27, 2011 | Editorial
    THIS IS an editorial page, not a stock tip sheet. Still, maybe the Obama administration should have paid attention when we urged it to start selling off the Treasury Department’s stake in General Motors. That was on April 25, when GM’s stock sold at about $30 per share. The administration didn’t sell then, and it’s still not selling — with GM down to about $23. So much for all those reports that Treasury wanted to exit GM by summer’s end, just as it exited its much smaller stake in Chrysler this year amid much fanfare. The government continues to hold...
  • Obama: Getting through Irene will be 'tough slog'

    08/27/2011 3:09:55 PM PDT · by Free ThinkerNY · 64 replies
    Associated Press ^ | August 27, 2011 | DARLENE SUPERVILLE
    WASHINGTON (AP) -- President Barack Obama offered moral support Saturday to federal emergency management workers hunkered down for Hurricane Irene's weekend march up the East Coast and 14,000 active-duty and National Guard troops were put on standby for post-storm relief work. "Everybody here, you guys are doing a great job," Obama told dozens of workers on a visit to the Federal Emergency Management Agency's command center. Fully activated and operating around the clock, the center helps coordinate the federal response to natural disasters.
  • Obama's Labor Pains

    08/27/2011 7:05:33 AM PDT · by Kaslin · 7 replies
    IBD Editorials ^ | August 26, 2011 | Staff
    Politics: Having seen its agenda falter, the AFL-CIO announces that in 2012 unions will scale back working in tandem with the Democratic Party and instead set up its own structures to support candidates. In politics, hell hath no fury like a union scorned, and AFL-CIO President Richard Trumka is not amused by the performance, or the lack of it, by the Democratic leadership in Washington in general and President Obama in particular in crossing items off labor's wish list. On Thursday, Trumka told reporters at a breakfast sponsored by the Christian Science Monitor that organized labor is preparing to go...
  • Will Obama Attempt A Spread the Jobs Around Scheme?

    08/26/2011 2:48:15 PM PDT · by Kaslin · 27 replies
    Townhall.com ^ | August 26, 2011 | Austin Hill
    Yes, you read correctly. “Spread the jobs around.” You’re probably familiar with Barack Obama’s well documented intentions to “spread the wealth around.” In a discussion about his vision for economic recovery back during the campaign of 2008, he expressed that intention using those precise words (do a web search with the President’s name and the phrase, and see what pops up). Today, the President struggles with the political consequences brought about by the stifled economy, which has been brought about his own “wealth spreading” ways. Yet within the Obama worldview, it makes sense that a President who has displayed no...
  • Obama Administration Allowing Mexican Police To Operate On US Soil; Wants To Apply Lessons

    08/26/2011 6:56:59 PM PDT · by Nachum · 46 replies
    Big Peace ^ | 8/26/11 | Niccolo Machiavelli
    “Mexican commandos have discreetly traveled to the United States, assembled at designated areasand dispatched helicopter missions back across the border aimed at suspected drug traffickers,” reports the New York Times. This is all part of what the Obama Administration is calling “boomerang operations” which are designed to get at Mexican drug traffickers through the back door. ”The cartels don’t expect Mexican police coming from the U.S.,” one senior military official told the Times. Clearly things are not going well in Mexico.
  • Four More Trillion | Not Change

    08/26/2011 8:33:44 PM PDT · by NaturalBornConservative · 10 replies
    Natural Born Conservatiive ^ | August 25, 2011 | Larry Walker, Jr.
    - What? Obama Borrowed $4 Trillion in 2 1/2 Years?- By: Larry Walker, Jr. –It was back on July 3, 2008 when Barack Obama exclaimed, “The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents - #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back...
  • Obama’s ineligibility: Prepare to defend America – Defeating the political-media complex

    08/27/2011 5:59:30 AM PDT · by Ordinary_American · 21 replies
    Canada Free Press ^ | August 27, 2011 | Lawrence Sellin
    The political-media complex is the operational arm of the multinational, wealthy and networked elite, who have hired Barack Hussein Obama as President of the United States. In their service, politicians have preserved the illusion of democracy for the now disenfranchised voters, and journalists, falsely proclaiming themselves as the tireless defenders of liberty, distort the news in an attempt to manipulate public opinion.
  • Obama: Recall the spirit of unity from 9/11

    08/27/2011 6:22:47 AM PDT · by Dallas59 · 37 replies
    Yahoo News ^ | 8/27/2011 | Yahoo News
    WASHINGTON – President Barack Obama is calling on Americans to rekindle the spirit of unity that characterized the country's response to the Sept. 11 terrorist attacks. "It can be a lasting virtue," he said. "Not just on one day, but every day." The president made his appeal during his weekly radio and Internet address, two weeks before the 10th anniversary of the day al-Qaida terrorists turned commercial jetliners into deadly weapons in New York, Pennsylvania and northern Virginia. Obama plans to observe the anniversary on Sept. 11 with stops at ground zero in lower Manhattan, where the World Trade Center...
  • A former Obama donor

    08/27/2011 6:54:02 AM PDT · by Palmetto Patriot · 23 replies
    The Washington Post ^ | 8/26/2011 | Jennifer Rubin
    Over the past couple of months I’ve exchanged e-mails with a gentleman (let’s call him John) who was a bundler in 2008 for Barack Obama. He’s begged off this time around and is searching for a presidential candidate. He’s Jewish and says that over the years he has shifted back and forth between support for Republican and Democratic candidates. No longer. Now, it’s not Israel that pushed him over the edge. He told me, “Although I felt Obama has grossly mishandled Israel (perhaps more in form than actual substance), I cannot honestly say that this was a major factor.”
  • How Obama Spent His Summer Vacation The strangest PR debacle of a weird presidency.

    08/27/2011 6:59:31 AM PDT · by radioone · 33 replies
    Human Events ^ | 8-25-11 | John Hayward
    Barack Obama​’s misadventures in Martha’s Vineyard are some of the stranger unforced public-relations errors in recent memory. Spending a fortune to jet off to a fabled playground of the rich, while the country suffers from his recessionary economic policies, was a bizarre slap in the face to an electorate that has already come to view this President as arrogant and out-of-touch. “Optics” matter. Camp David is a nice vacation spot, too. Naturally, Obama played a lot of golf on vacation. Part of the problem with skipping off to the golf course so frequently is that when he plays a lot...
  • Back in Washington: Obama heeds his own advice and cuts Martha's Vineyard vacation short

    08/27/2011 7:36:44 AM PDT · by COUNTrecount · 38 replies
    Daily Mail UK ^ | Aug. 27, 2011
    Taking his own advice not to linger at the beach, President Barack Obama cut short his family's vacation on Martha's Vineyard and headed back to Washington late on Friday to await the landfall of a Hurricane Irene, which he warned could be an 'historic' storm. Joined by his wife, Michelle, and daughters Malia and Sasha, Mr Obama boarded his Marine One helicopter at the island's airport and took off for Cape Cod, where Air Force One then took them back to Washington. White House spokesman Josh Earnest said the president felt it prudent to be back in Washington when Irene...
  • Rick Perry vs. Barack Obama — not worth 1,000 words [that side-by-side really struck a nerve]

    08/25/2011 1:32:33 PM PDT · by Cincinatus' Wife · 88 replies
    Washington Post ^ | August 25, 2011 | Alexandra Petri
    ....The image of Rick Perry and Barack Obama that has been circulating is worth 300, at most. The above “side-by-side comparison,” tweeted by David Limbaugh, has torn through the Internets of late. It’s supposed to be a “side-by-side comparison.” True, Obama is not actually 22. He’s 20. From a 20-year-old’s perspective, this is a tremendous and unbridgeable gap, but to everyone else it’s a case of potato, potato. But let’s take this as a comparison. What can we learn upon analyzing this photo? Perry accessorizes with airplanes. Obama accessorizes with very, very ill-advised hats. Perry gets a cool fighter...
  • Obama Jobs Plan to Target Schools, Tax Breaks

    08/25/2011 2:13:13 PM PDT · by Qbert · 39 replies
    Reuters via CNBC ^ | 25 Aug 2011 | Reuters
    President Obama is finalizing a jobs package that could include a program to refurbish school buildings nationwide and tax breaks to encourage firms to hire workers. [Snip] But economists and advisers familiar with his strategy say Obama will argue next month that the financial crisis was worse than anyone thought at the time and say more stimulus is needed to make any real dent in the unemployment rate. The details are still being discussed during the president's annual vacation in Martha's Vineyard, White House spokesman Josh Earnest said. But the broad contours of the jobs package are quickly coming into...