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 [...]
Obama Says Massachusetts Loss Proves Dems Have Failed ‘Middle Class’ (Washington Post)
President Obama on Wednesday blamed the Democrat’s stunning loss of their filibuster-proof majority in the Senate on his administration’s failure to give voice to the economic frustrations of the middle class, a disconnect that White House aides vowed to quickly address as they continue to work to advance the president’s agenda.
Obama said the relentless pursuit [...]
Labor Leaders Upset With Health Care Bill Meet With Obama (The Washington Post)
President Obama sought on Monday evening to assuage organized labor’s misgivings about the health-care overhaul, even as several key union leaders warned that the bill’s final outlines could severely dampen their enthusiasm for the Democratic ticket in this year’s elections.
Obama invited 10 labor leaders to the White House to discuss the negotiations aimed at reconciling [...]
MAN IN THE MIDDLE – POV: POTUS Shuns Fox News On Media Blitzkrieg. What Is He Afraid Of?
Fox News does not need me to defend them, they’re doing just fine on their own. The ratings are up beating CNN in the key demos and MSNBC is a distant 3rd. Over the past couple of weeks, they have scored significant victories to further their political agenda.
With more Americans watching Fox, you’d think POTUS [...]
White House Denying Its Own Health Care Concession: AP Fact Check
President Barack Obama has indicated a willingness to drop a government-run health care plan from any overhaul. The White House says that’s not a shift. Actually, it is.
Fierce proponents of a government-run health plan for months, Obama and senior administration officials, bowing to pressure from Republicans and skeptical voters, suggested that such a public option [...]
POTUS Poll Numbers Slip: Americans Mixed On Health Care Plan
Americans are divided over how they want health care fixed and whom they trust most to do it, refusing to forge a consensus for or against President Barack Obama as he and Congress march toward a historic overhaul.
A new McClatchy-Ipsos poll released Wednesday found people torn over several key questions that are likely to dominate [...]
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 [...]
Obama Makes Push For Credit Card Legislation
Putting himself on the side of fuming consumers, President Obama is pushing Congress to send him legislation by Memorial Day that would put a tighter rein on the credit card industry.
“Americans know that they have a responsibility to live within their means and pay what they owe,” Obama said in his weekly radio and Internet [...]
Obama & Geithner Want The FED To Be Financial ‘Supercop’
The White House told industry officials on Friday that it is leaning toward recommending that the Federal Reserve become the supercop for “too big to fail” companies capable of causing another financial meltdown.
According to officials who attended a private one-hour meeting between President Barack Obama’s economic advisers and representatives from about a dozen banks, hedge [...]
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 [...]
