Archives for White House

White House negotiating with Fox News

Fox News Channel and the Obama administration are talking. The network confirmed a Politico report that Fox news executive Michael Clemente met at the White House on Wednesday with Robert Gibbs, President Barack Obama's press secretary. There were no details given about the meeting. Fox has been battling with the administration, which contends the network operates more like a wing of the Republican Party than a news organization.
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Obama wants power to dismantle non-banks

A year after Lehman Brothers collapsed, helping to trigger the worst financial crisis in seven decades, the Obama administration is pressing Congress for the power to dismantle other nonbank firms considered so large and influential that they could bring down the entire economy. Treasury Secretary Timothy Geithner was asking a House panel on Thursday to pass legislation that would enable federal regulators to identify and monitor big financial firms and step in to wind them down before they collapse.
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What if Bush had pulled some of Obama’s stunts?

Even though more and more Americans question the increasingly political actions of President Barack Obama, the mainstream media continues -- for the most part -- to give him a pass on actions that would have drawn harsh criticism if his predecessor has pulled the same stunts. If George W. Bush had pulled some of the same stunts, the pundits would be howling with self-righteous protest and the liberal blogs and discussion forums would be screaming in anquish. Let's face it. Most of the mainstream media loves Obama. They hated Bush.
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Liberals to Obama: Time to put up or shut up

With public option plans now a part of health care reform bills in both the House and Senate, liberals want to know when President Barack Obama is going to grow a spine and start acting like a leader. And they're patience is wearing thin. "I hope the President speaks out strongly for the public option - this health care bill really becomes his at this point," Ohio Democratic Sen. Sherrod Brown tells Politico, which is reporting that Democratic Senators and House members have been "grumbling for weeks" that the President lacks leadership on the issue. Now they want action.
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Obama plays a split media strategy

The same president who aggressively harnesses the power of the press to promote his agenda has taken to lacing his comments with criticisms of the media, with no bigger target than the gabby culture of cable television. President Barack Obama's critique is biting: The media prefer conflict over cooperation, encourage bad behavior and weaken the ability of leaders to help the nation. The White House's attempt to discredit Fox News as an arm of the Republican Party may have been getting the headlines, but it is only one recent window into Obama's already complex and crafty relationship with those who cover him.
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Obama set to unveil ‘too big to fail’ plans

The Obama administration plans to unveil on Monday a new plan for dealing with troubled financial giants, said a senior U.S. lawmaker, who also mentioned potentially big changes for the insurance industry. Barney Frank, chairman of the House Financial Services Committee and a chief architect of the financial regulation overhaul, declined on Friday to give details on the administration's new bill, which would give the government the power to dismantle large financial companies that get into crises. The new draft bill is expected to take a tougher stance toward troubled financial firms than the administration's original plan, and may take out some language that would allow for temporary bailouts.
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Chamber of Commerce hits back at Obama attacks

The U.S. Chamber of Commerce is fighting back against what it calls a carefully-orchestrated campaign by President Barack Obama to undermine the organization and its goals. Tom Donahue, CEO and President of the Chamber, tells Politico that the White House and its allies are "trying to marginalize the Chamber as well as the people who work here." Donahue's comments show the Chamber is not backing away from a fight with the President of the United States. In fact, the business groups seems to relish the fight because it says Obama's attacks are helping them raise more money.
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Obama declares swine flu a ‘national emergency’

President Barack Obama declared the swine flu outbreak a national emergency, giving his health chief the power to let hospitals move emergency rooms offsite to speed treatment and protect noninfected patients. The declaration, signed Friday night and announced Saturday, comes with the disease more prevalent than ever in the country and production delays undercutting the government's initial, optimistic estimates that as many as 120 million doses of the vaccine could be available by mid-October.
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Obama to banks: Help small businesses

Banks should return the favor they received in their recent taxpayer-financed bailout by lending more money to small businesses, President Barack Obama said Saturday. In his weekly radio and Internet address, Obama said too many small business owners remain unable to get credit despite administration steps to jump-start lending, which was virtually frozen when the financial crisis took hold last year. "These are the very taxpayers who stood by America's banks in a crisis, and now it's time for our banks to stand by creditworthy small businesses and make the loans they need to open their doors, grow their operations and create new jobs," Obama said.
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Obama’s consumer protection plan faces long fight

Take a hard look now. A new agency that consumers were promised would make bankers, credit card companies and mortgage lenders treat them fairly will never look as strong again. Legislation to establish President Barack Obama's proposed Consumer Financial Protection Agency cleared a key hurdle this week. But it's already been watered down from what Obama proposed and will likely become even weaker when it comes up against higher hurdles on the House floor and in the Senate. It may even die along the way.
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