Archives for White House

Obama will hedge on economic realities

President Barack Obama is trying to strike a careful balance between highlighting economic progress and underscoring continued challenges as he seeks to reverse the recession he inherited but now owns.

The president was slated to give an economic speech Tuesday at Georgetown University as his administration nears its symbolic 100-day mark. Aides billed the address as major but acknowledged that it was expected to contain no significant policy announcements.

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Obama passes first national security test

The U.S. economy is showing only glimmers of life and two costly wars remain in the balance, but President Barack Obama's "no drama" handling of the Indian Ocean hostage crisis proved a big win for his administration in its first critical national security test.

Obama's quiet backstage decision to authorize the Defense Department to take necessary action if Capt. Richard Phillips' life was in imminent danger gave a Navy commander the go-ahead to order snipers to fire on the pirates holding the cargo ship captain at gunpoint.

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Obama abandons assault weapons ban

A new ban on assault-style weapons was part of Presidential candidate Barack Obama's platform.

Fear of such a ban sent gun sales skyrocketing and the propaganda machine of the giant National Rife Association went into overdrive flooding its membership is "legislative alerts" about such a ban.

That was then, this is now.

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Obama claims ‘glimmer of hope’ on economy

President Barack Obama said Friday he saw "glimmers of hope" that the US economy may be wrestling free of a paralyzing recession but warned of "a lot of work" ahead to nurse it back to health.

"We're starting to see progress, and if we stick with it, if we don't flinch in the face of some difficulties, then I feel absolutely convinced that we are going to get this economy back on track," Obama said.

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Obama to Congress: ‘Show me the money’

President Barack Obama wants Congress to act quickly on his $83.4 billion request for U.S. military and diplomatic operations in Iraq and Afghanistan, an appeal that's disappointing the most liberal, anti-war wing of his party.

But with the president promising to remove all combat troops from Iraq by the end of August 2010, his Democratic allies in control of Congress are sure to pass his request without the type of tortuous battle that characterized their dealings with former President George W. Bush.

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Obama to banks: Don’t talk about stress tests

The U.S. Treasury Department is asking banks not to mention the regulatory "stress tests" as part of their first-quarter earnings results, according to a source familiar with government discussions.

Many of the top 19 U.S. banks who are undergoing regulatory stress tests have already completed internal versions of the examinations, which are designed to determine their capital needs under more adverse economic conditions.

However, the banks do not yet know the results of the government's version of the assessment, the source said.

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Barack Obama: Our national life skills coach

There he was, our president, on TV as usual, urging millions of Americans to refinance their homes by clicking on But wait! The first two hits on Google are for commercial sites and have nothing to do with his plan. Its best to go to to get to the government's site.

So President Obama has been adding a warning against scams in the home refinancing push, saying that anyone who wants money up front is not legitimate.

Its not easy being our national life-skills coach.

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Not really a new idea

It has been almost four decades since Spiro Agnew warned us to beware of "nattering nabobs of negativism" (an oratorical gem that proved to be a genuine Safire). Yet we are just wising up to the greater peril we face now that the nabobs are aiming their nonstop natter at us via 24/7 cable news and an unfiltered world-wide web.

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