Category Archives: President

Obama’s Chrysler 300 on sale for $1 million

By doris | Published: January 27, 2012

Full Story atmoney.cnn.com NEW YORK (CNNMoney) — A Chrysler 300C once leased by President Barack Obama is for sale on eBay with the eye-popping “opening bid” of $1 million. The opening bid, which is dictated by the seller, means that bidding for the car must start at that price. The woman who posted the car [...]

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Jobs gains may not help Obama’s re-election bid

By doris | Published: January 15, 2012

Full Story at BottomLine.msnbc.msn.com The recent improvement in the job market comes as welcome news for President Obama as he struggles to answer GOP attacks on the campaign trail that he’s mismanaged the economic recovery. There are a lot of reasons, though, that it may be too early for the White House to start cheering [...]

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Senate GOP tries for immediate vote on Obama jobs plan

By doris | Published: October 8, 2011

Full Story at FirstRead.msnbc.msn.com Senate Republicans sought Tuesday to force an immediate vote on President Obama’s jobs plan in a ploy reacting to the President’s nationwide barnstorm to push for a vote “right away” on the measure. Holding a copy of the President’s plan on the Senate floor this afternoon, Republican Leader Mitch McConnell moved [...]

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Bill Clinton: How to fix the economy

By doris | Published: October 7, 2011

Full Story atFortune’s cnn.com First, Congress and President Obama can adopt strategies designed to unleash the massive amount of capital that is accumulated but not being invested. There’s some $2.2 trillion in cash in American banks that is not committed to loans. A couple hundred billion has to be held back for bad mortgages, but [...]

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Investors Back Obama’s Buffett Rule

By doris | Published: October 1, 2011

Full Story at Bloomberg.com Global investors overwhelmingly support President Barack Obama’s proposed tax increase for those earning annual incomes of $1 million or more in an effort to reduce the deficit. By a margin of 63 percent to 32 percent, respondents in a Bloomberg Global Poll approved of the president’s proposal, known as the “Buffett [...]

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Obama to propose new tax rate for millionaires

By doris | Published: September 18, 2011

Full Story at money.cnn.com WASHINGTON (CNN) — The White House will propose a new tax rate for people earning more than $1 million a year to ensure that they pay at least the same percentage of their earnings in taxes as middle-income Americans, administration and White House officials told CNN on Sunday. Called the Buffett [...]

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CNN Poll: 8 in 10 think we’re in a recession

By doris | Published: September 4, 2011

Full Story at PoliticalTicker.blogsCNN.com Washington (CNN) – Economic fears are not diminishing. More than eight in 10 Americans think the economy is in another recession, according to a new CNN/ORC poll. One-third of those surveyed think it’s serious. While the country isn’t technically in a recession because the economy hasn’t experienced two straight quarters of [...]

Also posted in Business, Economy, employment, Financial, Government, Jobs, Layoffs, Money, Reccession, Unemployment | Leave a comment

White House: Ax rules to save businesses cash

By doris | Published: August 24, 2011

Full Story at msnbc.com WASHINGTON — The Obama administration revealed plans Tuesday to cut or roll back hundreds of federal regulations, saying it hoped to save businesses $10 billion and spur job growth. The move, announced while President Barack Obama was on vacation in Martha’s Vineyard, was the latest White House gesture to reach out [...]

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With Gadhafi out of power, oil prices should fall

By doris | Published: August 22, 2011

Full Story at msnbc.com NEW YORK — Oil prices around the world should start falling if Libyan rebels succeed in toppling Moammar Gadhafi’s regime, though the full effect won’t be felt for months. Crude prices fell on Monday on hopes that Libya would soon resume oil output. A grim outlook for the economy also helped [...]

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Federal judge throws out Obama drilling rules

By doris | Published: August 14, 2011

Full Story at msnbc.com CHEYENNE, Wyo. — A judge on Friday threw out Obama administration rules that sought to slow down expedited environmental review of oil and gas drilling on federal land. U.S. District Judge Nancy Freudenthal ruled in favor of a petroleum industry group, the Western Energy Alliance, in its lawsuit against the federal [...]

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Seniors: We need our Social Security!

By doris | Published: July 31, 2011

Full Story at money.cnn.comSocial Security was not to be touched by the government and take money out of it. They say they borrowed from it,but they never paid it back. If they had it would not be in the shape it is in now. Why do they take from the people that really need it. [...]

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Boeing labor dispute turns into headache for Obama

By doris | Published: June 29, 2011

Full Story at msnbc.com WASHINGTON — The government’s labor dispute with Boeing Co. is turning into a political headache for President Barack Obama, giving his Republican rivals a fresh opening to bash the administration’s economic policies. From congressional hearings to presidential debates, outraged Republicans are keeping up a steady drumbeat of criticism over the National [...]

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Obama likely to cut 10K troops from Afghanistan

By doris | Published: June 21, 2011

Full Story at news.Yahoo.com WASHINGTON – President Barack Obama is expected to withdraw roughly 10,000 U.S. troops from Afghanistan this year, with about 5,000 forces leaving this summer and an additional 5,000 Americans coming home by the end of the year, a senior U.S. defense official said Tuesday. Obama is also weighing a timetable for [...]

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How Washington F@#$%! the budget

By doris | Published: April 27, 2011

Full Story at Money.cnn.com After a brief few years of budget surpluses at the end of the Clinton administration, lawmakers opened the new century by blowing a hole in the budget with major tax cuts. The Bush tax cuts carried an initial 10-year cost estimate of $1.35 trillion, according to the Congressional Budget Office. They [...]

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