President Barack Obama heads west Tuesday to sign his huge stimulus bill with a flourish meant to be a rare bright moment for the US economy, and to confront a punishing wave of home foreclosures.
After less than a day back in Washington following a weekend home in Chicago, Obama will head to the Rocky Mountain state of Colorado, then set course for Arizona to mine a new seam of heartland support for his economic rescue plans.
The Obama administration is not letting widespread criticism of the rollout of its revamped bank bailout plan slow down its efforts to address the worst financial crisis in seven decades.
Treasury Secretary Timothy Geithner spent the weekend explaining the plan to America’s allies at a meeting of the Group of Seven major industrial countries, where he got a much better response than the initial reaction on Wall Street.
Savoring his first big victory in Congress, President Barack Obama on Saturday celebrated the newly passed $787 billion economic stimulus bill as a "major milestone on our road to recovery."
Speaking in his weekly radio and Internet address, Obama said, "I will sign this legislation into law shortly, and we’ll begin making the immediate investments necessary to put people back to work doing the work America needs done."
President Barack Obama has the first major victory in Congress of his young administration, a $787 billion stimulus bill that includes tax cuts and federal spending aimed at easing the worst economic crisis in decades.
When Barack Obama launched his presidential campaign, he did it in Abraham Lincoln’s hometown. When he arrived in Washington, he followed the train route Lincoln used in 1861. When he needed a Bible for his swearing-in, Obama picked Lincoln’s.
Heck, even Obama’s lunch on Inauguration Day was modeled after Lincoln’s favorites, right down to the seafood stew.
Clearly, the 44th president wants Americans to know how much he admires the 16th.
A quick learner can soak up a lot in four years in the U.S. Senate, but to master the way games are played and won in the sandboxes beneath the Capitol Dome, President Obama could have learned a lot from Lyndon B. Johnson.
The Obama administration, seeking to deal with the political outrage over the handling of the government’s $700 billion financial rescue program, plans to impose tough new standards on future payments to banks. It is also greatly expanding an effort to unclog credit markets to provide loans to consumers and businesses.
President Barack Obama looked comfortable enough at his first White House news conference, but he sounded like a man fed up with one thing: Republicans lecturing him about his $820 billion economic stimulus plan.
Obama repeatedly reminded a national television audience that federal spending and deficits soared under George W. Bush’s presidency. He used the point to undermine GOP lawmakers opposing his plan and calling it too costly and wasteful.
At least Route 31 is a road to somewhere. President Barack Obama had it both ways when he promoted his stimulus plan in Indiana and later at a prime-time news conference. He bragged in Indiana about getting Congress to produce a package with no pork, yet boasted it will do good things for a Hoosier highway and a downtown overpass, just the kind of local projects lawmakers lard into big spending bills.
It is obvious that tens of millions of Americans thought naively that Barack Obama’s election would usher in a new era of civility and bipartisanship, a chance for a divided nation to come together in a spirit of political cooperation to deal with the nation’s pressing needs. They now know better.