Archives for White House

Did NASCAR drivers diss President Obama?

Four NASCAR stars will take a pass on meeting President Obama at the White House. It doesn’t have anything to do with politics. When word got out that Tony Stewart, Greg Biffle, Kevin Harvick and Carl Edwards wouldn’t be going to the White House next Wednesday, it sparked plenty of chatter on talk shows and social media networks. There was speculation the four were making some sort of protest about Obama’s policies on behalf of a generally conservative sport. Nonsense, insisted Biffle, who said he has to go to a two-day retreat in Minnesota for 3M, the major sponsor of
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Obama readies another mortgage bailout

The Obama administration is considering unveiling new plans next week to revive the ailing housing market and reduce foreclosures, including an effort to help troubled borrowers refinance their mortgages. The administration has been working for weeks on how to implement a mortgage relief program. President Barack Obama could include a nod to the plan in a speech on job creation next week, sources familiar with the administration’s plans said. The refinancing initiative would allow certain borrowers to refinance loans that are backed by government-owned Fannie Mae and Freddie Mac or the Federal Housing Administration, the sources said. A broad-based effort
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Barack Obama is a complete, utter failure

Barack Obama is a failed President. His legacy — such as it is — will be a failed economic recovery, double-dip recession and devastated American morale. The president of hope and change has destroyed hope and delivered nation-ruining change. His failed policies have left America economically devastated. He can’t deliver on his campaign promises because he has broken or forgotten them. He can’t lead the nation out of its morass because he is not a leader. Business Executive John Mariotti, writing in Forbes, says it best: There will be no significant recovery in the United States of America while Barack
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Obama will push for payroll tax cut extension

President Barack Obama will continue to push for an extension of the payroll tax cut despite that not being part of a deficit-cutting deal reached by lawmakers, the White House said on Monday. Lawmakers vote later on Monday on measures to raise the country’s $14.3 trillion debt limit and cut the deficit by at least $2.4 trillion, but these steps include no specific policies designed to spur growth and job creation. “There is no question that he will continue to push for this. And he will make the argument that it is absolutely essential to continue to put extra money
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Obama’s shifts complicate debt limit negotiations

The roller-coaster debate over raising the nation’s debt limit has forced the White House to explain away, brush aside or even ignore declarations by President Barack Obama and his top aides that no longer served much purpose in the unpredictable negotiations. First, the White House wanted the debt ceiling vote separated from spending cuts. Now the administration likes them linked. Then, Obama adamantly vowed to reject any short-term deal to raise the borrowing limit. Now the White House says he could make an exception. And Obama pledged to meet with congressional leaders every day until a deal was reached. But
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Obama open to stopgap debt deal

Running out of time, President Barack Obama softened his stand and signaled Wednesday he would back a short-term deal to prevent a disastrous financial default on Aug. 2, but only if a larger and still elusive deficit-cutting agreement was essentially in place. He called lawmakers to the White House in a scramble to find enough votes from both Republicans and his own party. Obama met with the Democratic leaders of the House and Senate, and then separately with House Speaker John Boehner and his deputy, Majority Leader Eric Cantor, in hopes of cobbling together a big compromise. All signs pointed
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Obama’s double whammy: High debt, low jobs

Immersed in an intense struggle to cut the national debt, President Barack Obama faces a dilemma that will stay with him even if he succeeds in striking a grand deal with Congress: convincing Americans that the entire effort will do anything to create desperately needed jobs. Obama ties deficit reduction to jobs, on the basis that trying to balance the nation’s books will promote economic stability and give businesses more confidence to hire. But that’s a tough sell to the millions of Americans out of work right now. And the communications problem just got harder. The latest snapshot of the
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Obama plans Afghan troop cuts

Facing a war-weary public, President Barack Obama is expected to call for a major withdrawal of American troops from Afghanistan Wednesday night, with roughly 10,000 coming home to the U.S. in less than a year. The phased drawdown is likely to start with 5,000 troops recalled this summer and an additional 5,000 by winter or spring 2012, according to a senior U.S. defense official. Obama is also weighing a timetable for bringing home the 20,000 other troops he ordered to Afghanistan as part of his December 2009 decision to send reinforcements to reverse the Taliban’s battlefield momentum. The withdrawals would
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Is Obama up to a new state of the union?

His poll numbers are on the rise after a tough year, he has recaptured some of his old oratorical magic and a few pundits are even debating whether he’s becoming the new “comeback kid.” But the stakes will be high on Tuesday when President Barack Obama tries to convince Americans he has a plan to tackle the economy, joblessness and deficits all at once — a daunting challenge crucial to his 2012 re-election chances. Obama’s State of the Union address will be a chance not only to set the tone for the second half of his term but also to
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White House needs to do more to prevent future oil spills

A presidential panel investigating the Gulf oil spill says that the oil industry, Congress and the Obama administration need to do more to reduce the chances of another large-scale disaster. That’s the primary conclusion of the independent panel assembled by President Barack Obama, which released its final report Tuesday. The commission recommends increasing budgets and training for the federal agency that regulates offshore drilling; increasing the liability cap for damages when companies drill offshore; dedicating 80 percent of fines and penalties from the BP spill to restoration of the Gulf; and lending more weight to scientific opinions by other federal
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