Help The Middle ClassNews and Information For The Heart Of America
Unemployment Holds Steady At 9.7%. Temp. Hirings Up March Job Figures (Politico)
President Barack Obama got the first unequivocally good news on the nation’s employment picture Friday, as new government figures showed the nation gained 162,000 jobs in the month of March.
The unemployment rate held steady at 9.7 percent. That’s the first time the nation has gained, rather than lost, in jobs since late 2007, with the [...]
SENATOR EVAN BAYN / OPINION: Why I’m Leaving the Senate (The New York Times)
BASEBALL may be our national pastime, but the age-old tradition of taking a swing at Congress is a sport with even deeper historical roots in the American experience. Since the founding of our country, citizens from Ben Franklin to David Letterman have made fun of their elected officials. Milton Berle famously joked: “You can lead [...]
Robert Reich/Opinion: The Year Wall Street Bounced Back and Main Street Got Shafted (Huffington Post)
In September 2008, as the worst of the financial crisis engulfed Wall Street, George W. Bush issued a warning: “This sucker could go down.” Around the same time, as Congress hashed out a bailout bill, New Hampshire Sen. Judd Gregg, the leading Republican negotiator of the bill, warned that “if we do not do this, [...]
Obama Implores Bankers To Help Out (USA Today)
President Obama said today that taxpayers provided “extraordinary assistance” last year to save bankers from the financial crisis, and “now that they’re back on their feet, we expect an extraordinary commitment from them to rebuild our economy.”
After urging bank executives at a White House meeting to provide more loans to potential employers, Obama said, “I’m [...]
The Plight Of Small Business Owners
If the senior Wall Street bankers and Washington decision makers who can move billions of dollars with a single conference call want to understand what is truly happening in the economy, they should sit down with small business people like Peter Elliot, the owner of a clothing store in New York City for the past [...]
OPINION-NEW YORK TIMES: One Day, Obama Pitches Stimulus Spending. The Next, He Urges Saving Money. What Gives?
During the first four months of his administration, President Obama has committed roughly $1 trillion in federal spending – a $787 billion economic recovery package, and $350 billion in money to bail out the nation’s banks. But on Tuesday, Mr. Obama was talking about saving money, not spending it.
Speaking from the East Room of the [...]
SAVING MONEY: Untold Secrets To Online Bargin Hunting
The Internet can serve as an excellent source for bargains, from heavily discounted designer shoes to free shipping on best-selling books. And right now, the timing couldn’t be better.
“This is an excellent time to (find online bargains) because of the economy,” says Barb Webb, author of “The Mom’s Guide to Earning and Saving Thousands on [...]
Obama: Encouraging Signs, But Jobless Rate Is ‘Sobering Toll’
President Barack Obama said Friday there have been “somewhat encouraging” improvements in the country’s stricken labor markets, but the rate of joblessness is “still a sobering toll.”
The president spoke shortly after the government reported that the jobless rate rose to 8.9 percent in April, although the pace of layoffs slowed to 539,000 from well over [...]
Job Losses Lowest Level In 6 Months, But Unemployment Is At 25-Year High
The unemployment rate hit a 25-year high in April, but there were signs of hope as the monthly job loss total fell to the lowest level in six months.
The Labor Department reported Friday that employers cut 539,000 jobs from payrolls in the month. That’s an improvement from the revised reading of 699,000 that were lost [...]
Dana Bash/CNN: Bipartisanship Didn’t Last Long In Obama’s First 100 Days
By Dana Bash, CNN Senior Congressional Correspondent.
Editor’s note: How would you rate the new Congress in President Obama’s first 100 days? You’ll get a chance to make your opinion known on at 7 p.m. ET Wednesday on the CNN National Report Card.
WASHINGTON (CNN) — There’s little debate that Democrats who run Congress mark President Obama’s [...]
