Barack Obama

Volcker ending term on Obama’s economic planel

Volcker ending term on Obama’s economic planel

Former Federal Reserve Chairman Paul Volcker is ending his term as chairman of President Barack Obama‘s economic advisory panel next month, a person familiar with the situation said Wednesday. Volcker is a highly regarded voice on financial policy and has been an occasional outside counselor to the White House both as head of the recovery […]

Republicans already breaking their promises

Republicans already breaking their promises

Republicans have already violated some of the vows they made in taking stewardship of the House. Their pledge to cut $100 billion from the budget in one year won’t be kept. And for a coming vote seeking to repeal the health care overhaul, the first major initiative of the new Congress, lawmakers won’t be allowed […]

Another 1,400 troops headed for Afghanistan

Another 1,400 troops headed for Afghanistan

The United States plans to send 1,400 additional Marines to Afghanistan to boost its combat forces ahead of the spring fighting season, the Wall Street Journal reported on Thursday. The United States, which led a 2001 invasion of Afghanistan that toppled the Taliban, has about 100,000 troops in the country, and President Barack Obama is […]

Republicans ready for showdown with more glitter than reality

Republicans ready for showdown with more glitter than reality

Spouting more philosoply than reality, House Republicans brag they are ready for a fight with President Barack Obama over health care and other issues but hill watchers admit the GOP posturing is more grandstanding than anything else. “It’s new energy,” incoming House Speaker John Boehner told reporters on the eve of his swearing-in. The oath-taking […]

Pelosi has no regrets but some Democrats may disagree

Pelosi has no regrets but some Democrats may disagree

Democrat Nancy Pelosi said she had no regrets on her last day as House speaker Tuesday, a reign that lasted four years and is ending after the November elections. Many of her Democrats who are still licking their wounds from the midterm massacre might disagree. Pelosi said Tuesday she looks forward to leading a loyal […]

New Obama, new team, same old problems

New Obama, new team, same old problems

Retooling for a re-election run, President Barack Obama is shaking up his senior leadership team to deal with the new realities of his term: The era of big legislation is over, a massive campaign effort needs energy and people, and the White House is taking a toll on those who run it. Obama’s press secretary, […]

Boehner to Obama: We’re in charge now

Boehner to Obama: We’re in charge now

Eager to show who’s now in charge, the House’s new Republican majority plans to vote to repeal President Barack Obama‘s landmark health care overhaul before he even shows up in their chamber to give his State of the Union address. Dramatic as that early showdown promises to be — the vote will be Jan. 12, […]

Republicans plan to move quickly on healh care repeal

Republicans plan to move quickly on healh care repeal

Republicans in the House of Representatives plan to hold a vote in January to repeal President Barack Obama‘s healthcare overhaul and say they have nearly enough support to override a presidential veto of the repeal, a top lawmaker said on Sunday. “Unpopularity numbers are as high as 60 percent across the country,” Fred Upton, the […]

The media has failed us

The media has failed us

Financial media is not helping us become better informed or better investors. These outlets devote too much of their airtime to forwarding partisan propaganda rather than informing or entertaining us. The numbers suggest media is actually misinforming us and turning us into bad investors. The findings of a recent study, Misinformation and the 2010 Election […]

Obama’s New Year’s resolution? Fix the economy, stupid

Obama’s New Year’s resolution? Fix the economy, stupid

President Barack Obama has set his New Year‘s resolution high for 2011: repair the struggling economy. In his weekly radio and Internet address on Saturday, the vacationing president said recent data showed the economic recovery was gaining traction even as millions of Americans are still out of work. “Our most important task now is to […]