Archives for White House

Obama sends 17,000 more troops to Afghanistan

President Barack Obama, in his first major military decision as commander-in-chief, has ordered 17,000 more troops to Afghanistan to tackle an intensifying insurgency, the White House said on Tuesday.

But in an interview with Canadian Broadcasting Corporation (CBC), Obama also said military means alone would not solve the problem.


Read More

Obama heads west to sell stimulus

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.


Read More

Full steam ahead on bank bailout plan

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.


Read More

Obama set to sign stimulus bill Tuesday

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."


Read More

When in doubt, invoke Abe Lincoln

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.


Read More

Bailout program due for overhaul

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.


Read More