Category Archives: Economy

House Republicans oppose Obama’s method to pay for jobs plan

By doris | Published: September 14, 2011

Full Story atCNN.com Washington (CNN) — President Barack Obama said Monday his $447 billion jobs plan is a common-sense approach needed right away, but House Republican leaders said they opposed Obama’s intention to pay for it by ending tax relief for corporations and the wealthy. In a message accompanying the legislation he sent to Congress [...]

Also posted in Congress, Government, jobs, Money, Presidental, Republican, Spending, Tax | Leave a comment

Obama: Jobs plan needed to help stalled economy

By doris | Published: September 11, 2011

Full Story at CNN.com Washington (CNN) — President Barack Obama hit the road Friday to rally public support for his new job creation plan, calling it critical to efforts to invigorate an ailing economy and avert a new downturn. “This has been a terrible recession,” the president told an enthusiastic crowd at the University of [...]

Also posted in jobs, Presidental, Recession | Leave a comment

Washington’s gridlock tax in full effect

By doris | Published: September 10, 2011

Full Story at cnn.com NEW YORK (CNNMoney) — Washington is not helping the economy. In fact, the opposite. The economy is in the dumps and job creation has dried up. The best data indicates there is a significant risk of the economy falling into a second recession. And what has the 112th Congress done about [...]

Also posted in Congress, jobs, Law, Recession | Leave a comment

Obama preparing $300 billion jobs package

By doris | Published: September 7, 2011

Full Story at CNN.com Washington (CNN) — President Barack Obama is preparing to roll out a roughly $300 billion plan to strengthen the shaky economy and stimulate new job growth, Democratic sources said Wednesday. The plan would be paid for partly by closing corporate loopholes and raising taxes on the wealthiest Americans in the future, [...]

Also posted in Congress, Democrat, jobs, Tax | Leave a comment

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

By james | 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 Budget, Businesses, Debt, Economic, Government, jobs, Money, Presidental, Recession, Unemployment | Leave a comment

Romney says his plan ‘radically restructures the American economy’

By doris | Published: September 3, 2011

Full Story at First Read.msnbc.msn.com TAMPA — On a morning where job creation — or the lack of it — was the primary issue on the political spectrum, former Massachusetts Gov. Mitt Romney promised that his plan — not President Obama’s — would be the one to get Americans back to work. “My plan radically [...]

Also posted in American, Government, Nomination, Presidental, Recovery, Republican, Statements | Leave a comment

Obama halts tighter smog rule, citing ‘regulatory burdens’

By doris | Published: September 2, 2011

Full Story at msnbc.com WASHINGTON — Citing the financial burden in a struggling economy and after Republican protests, President Barack Obama on Friday ordered the Environmental Protection Agency to shelve a proposal to tighten smog standards. “I have continued to underscore the importance of reducing regulatory burdens and regulatory uncertainty, particularly as our economy continues [...]

Also posted in Environmental, Lawmakers, Presidental, Republican, technology | Leave a comment

First Thoughts: Dog days

By doris | Published: August 20, 2011

Full Story at FirstRead.msnbc.msn.com Another “dog days” of August for Obama… The good news: He has time to heal his wounds; the bad news: he has yet another hole to climb out of… Obama again talks about the economy and political brinksmanship… S&P is back in the spotlight (and not in a favorable way)… Vacation [...]

Also posted in Blame, Broken, Debate, Government, jobs, Lawmakers, Presidental | Leave a comment

China tells US to ‘cure its addiction to debt’

By doris | Published: August 7, 2011

Full Story at msnbc.com SHANGHAI — China, the largest foreign holder of United States debt, said Saturday that Washington needed to “cure its addiction to debts” and “live within its means,” just hours after the rating agency Standard & Poor’s downgraded America’s long-term debt. The harshly worded commentary, which was released by China’s official Xinhua [...]

Also posted in American, China, Debt, Money | Leave a comment

Obama signs bill ending partial FAA shutdown

By doris | Published: August 5, 2011

Full Story at CNN.com Washington (CNN) — President Barack Obama signed legislation Friday temporarily restoring full funding to the Federal Aviation Administration, breaking a political impasse and allowing roughly 4,000 furloughed federal employees to return to work. The measure also promises to restore tens of thousands of jobs in the construction industry and elsewhere tied [...]

Also posted in Airplane, Bill, FAA, Government, jobs, Money, Presidental | Leave a comment

Students to feel pinch in debt deal

By doris | Published: August 2, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — The deal to raise the debt ceiling may remove the risk of a 2008-like meltdown in financial markets that had made employers very nervous in recent months. But even if the debt deal is passed by Congress, labor market experts don’t expect it to jumpstart hiring growth. [...]

Also posted in Congress, Debt, Government | Leave a comment

Washington strikes deal on debt ceiling

By doris | Published: August 1, 2011

Full Story at msnbc.com WASHINGTON — Ending a perilous stalemate, President Barack Obama and congressional leaders announced a historic agreement Sunday night on emergency legislation to avert the nation’s first-ever financial default. The dramatic resolution lifted a cloud that had threatened the still-fragile economic recovery at home — and it instantly powered a rise in [...]

Also posted in Congress, Federal, Government, Lawmakers, Presidental | Leave a comment