White House

Will a leaking economy sink Obama?

Will a leaking economy sink Obama?

President Barack Obama faces a long re-election campaign having all but given up on the economy rebounding in any meaningful way before November 2012. His own budget office predicts unemployment will stay at about 9 percent, a frightening number for any president seeking a second term. Obama’s prospects aren’t entirely grim, however. The GOP, heavily […]

Labor faces new reality with little help from Obama

Labor faces new reality with little help from Obama

In the early days of the Obama administration, organized labor had grand visions of pushing through a sweeping agenda that would help boost sagging membership and help revive union strength. Now labor faces this reality: Public employee unions are in a drawn-out fight for their very survival in Wisconsin, Ohio and other states where GOP […]

Obama caves in to Republicans on clean air regs

Obama caves in to Republicans on clean air regs

In a dramatic reversal, President Barack Obama on Friday scrubbed a clean-air regulation that aimed to reduce health-threatening smog, yielding to bitterly protesting businesses and congressional Republicans who complained the rule would kill jobs in America’s ailing economy. Withdrawal of the proposed regulation marked the latest in a string of retreats by the president in […]

Obama readies another mortgage bailout

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 […]

Barack Obama is a complete, utter failure

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 […]

Obama will push for payroll tax cut extension

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 […]

Obama open to stopgap debt deal

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 […]

Obama’s double whammy: High debt, low jobs

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 […]