Category Archives: Economic

The New Revolutionaries

Full Story at Newsweek.com It’s not just the 4th of July holiday that’s raising memories of revolution. The idea of active anti-government resistance, once the province of the fringe or a mere historical parable, is now a common component of the national discourse. If all the voices actively calling for or raising the specter of [...]

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Obama tours, praises ethanol plant

Full Story atpoliticalticker.CNN.com Macon, Missouri (CNN) – President Barack Obama donned a hard hat and goggles Wednesday to tour an ethanol plant in Missouri, then touted biofuel production and other alternative energy sources to free the United States from dependence on foreign oil. On the second day of his two-day swing through Iowa, Missouri and [...]

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Senate dispute endangers climate bill

Full Story at msnbc.com WASHINGTON – Long-awaited climate change legislation was put on hold by its authors Saturday when a dispute over immigration politics and Senate priorities threatened to unravel a bipartisan effort that took months of work. Voicing regrets, Sen. John Kerry said Saturday he is postponing the much anticipated unveiling of comprehensive energy [...]

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Poll: Tea Party backers wealthier, educated

Full Story at msnbc.com NEW YORK – Tea party supporters are wealthier and more well-educated than the general public, tend to be Republican, white, male, and married, and their strong opposition to the Obama administration is more rooted in political ideology than anxiety about their personal economic situation, according to the latest New York Times/CBS [...]

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Unemployment benefits expire for thousands

Full Story at CNN.com (CNN) — Extended unemployment benefits will temporarily expire for thousands of Americans on Monday because the Senate went on its spring recess without approving a one-month deadline extension. The extension, which had bipartisan support, would have cost about $10 billion, but a lone Republican, Sen. Tom Coburn, said no until the [...]

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As banks repay bailout cash, U.S. sees a profit

Full Story at msnbc.com Nearly a year after the federal rescue of the nation’s biggest banks, taxpayers have begun seeing profits from the hundreds of billions of dollars in aid that many critics thought might never be seen again. The profits, collected from eight of the biggest banks that have fully repaid their obligations to [...]

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TEA Party activists rally at Capitol

Full Story at CNN.com Activists said the TEA Party Day — an acronym for “Taxed Enough Already” — was in response to what they called runaway government spending. They are taking to task the Obama administration’s stimulus program and health care initiative, and say Congress is not giving constituents enough information about where their tax [...]

Also posted in Budget, Congress, Democrat, Government, Health Care, Politcal, Presidental, Republican, Stimulus, Tax, White House | Leave a comment

White House focuses on stimulating the stimulus

Full Story At CNN.com Vice President Joe Biden on Monday is presenting to President Obama the “Roadmap to Recovery,” a plan to accelerate the implementation of the $787 billion stimulus plan in its second 100 days. Obama signed into law the American Recovery and Reinvestment Act in February, vowing the program would create or save [...]

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Bank CEOs: We’ll work with Obama on crisis

Full Story At msnbc.com WASHINGTON – Top executives of the nation’s biggest banks said Friday after meeting with President Barack Obama that they will work with the administration on its economic recovery plans, but want more specifics from the White House. Bankers said an administration proposal to jump-start lending, a problem at the heart of [...]

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