Help The Middle ClassNews and Information For The Heart Of America
Obama Tells Banks: ‘We Want Our Money Back’ (Atlanta Business News)
President Barack Obama told banks Thursday they should pay a new tax to recoup the cost of bailing out foundering firms at the height of the financial crisis. “We want our money back,” he said.
In a brief appearance with advisers at the White House, Obama branded the latest round of bank bonuses as “obscene.” But [...]
THE RECESSION HITTING THE MIDDLE-AGED THE HARDEST
IN this recession, it is better to be old. Being young has some advantages, too.
But being in the middle of the spectrum — in your 30s or 40s — seems to be the worst place to be.
The Pew Research Center released a poll of Americans this week that found people over 65 were generally suffering [...]
DEATH OF A POLITICAL HEAVYWEIGHT: Socks Clinton dies; ex-First Cat Known For Sleeping Was 20
Word tonight that Socks Clinton, the one-time Arkansas stray adopted by the Clintons who rose to international prominence and literary fame as sole feline inhabitant of the White House, died today.
Throat cancer and a euthanasia shot were given as the cause. The cat who lived a Horatio Alger life was believed to be about 20.
Upon [...]
OVERLOOKED STORY OF THE DAY: White House Forecasts Higher Budget Deficit
The White House on Monday raised its forecast for this year’s U.S. budget deficit by $89 billion due to the recession, millions of new unemployment claims and corporate bailouts.
The new estimate predicted a deficit of $1.84 trillion, or 12.9 percent of gross domestic product, for the fiscal year ending September 30. It updated the White [...]
Obama Fires Top General In Afghanistan As Situation Worsens
President Barack Obama fired the top U.S. general in Afghanistan on Monday, replacing him with a former special forces commander in a quest for a more agile, unconventional approach in a war that has gone quickly downhill. With the Taliban resurgent, Obama’s switch from Gen. David McKiernan to Lt. Gen. Stanley McChrystal suggests the new [...]
As Obama’s TV Rating Fall, Networks Are Not Eager To Carry Primetime News Conferences
By and large, they personally forked out for his campaign, they voted for him, and they know he is capable of boosting TV ratings just by making an appearance.
But executives at the Big Four broadcast networks are seething behind the scenes that President Obama has cost them about $30 million in cumulative ad revenue this [...]
Sallie Mae Tries To Save Its Student Loan Business By Adopting Obama Plan
For the past two decades, every attempt to overhaul the $85-billion-a-year student loan industry by eliminating subsidies to lenders has faced insurmountable opposition from one of the most powerful institutions in the business: Sallie Mae, the world’s largest student loan company.
But in a dramatic reversal, the lending behemoth now supports President Obama’s efforts to kill [...]
Republicans in Distress: Is the Party Over?
These days, Republicans have the desperate aura of an endangered species. They lost Congress, then the White House; more recently, they lost a slam-dunk House election in a conservative New York district, then Senator Arlen Specter. Polls suggest that only one-fourth of the electorate considers itself Republican, that independents are trending Democratic and that as [...]
Republicans rip Obama for insufficient budget cuts – Republicans Call Obama Budget ‘Insufficient’
Republican congressional leaders tore into President Obama’s proposed 2010 budget Thursday, arguing that his spending cuts will do little to stem a rising tide of red ink.
The White House released details earlier in the day outlining $17 billion in cuts from 121 federal programs. The total savings amounts to roughly 0.5 percent of the more [...]
Barack Obama, Off Limits To Late Night Comics
On his HBO show, “Real Time With Bill Maher,” the comedian routinely makes vicious fun of celebrities, politicians, presidents and even God. But he’s learned that, for much of his audience, Barack Obama is off limits. Not long after the historic presidential election, Maher joked that Republicans were feeling particularly superstitious: “They say the [...]
