In a Time of Universal Deceit, Telling the Truth is Revolutionary.
Tuesday, December 7, 2021

Is Obama playing politics with his State Dinner?

Like just about everything else these days, President Barack Obama’s first State Dinner is generating controversy from the rabid right.

MSNBC’s Keith Olbermann examines politics and State Dinners with Congressional Quarterly’s Craig Crawford. From Tuesday’s “Countdown”

Read More »

Fed turns optimistic for 2010

The Federal Reserve on Tuesday raised its outlook for US economic growth in 2010 to a range of 2.5 to 3.5 percent, and said the troubles in unemployment appeared to be near a peak.

In a new forecast accompanying minutes from the Fed’s policy meeting November 3-4, the central bank said participants “anticipated that economic recovery would be gradual, with real gross domestic product (GDP) growing at a moderate pace and the unemployment rate declining slowly over the next few years.”

The range for 2010 growth was boosted slightly from a July projection of between 2.1 and 3.3 percent.

The new forecast also suggests that unemployment, which hit 10.2 percent in October, could ease in early 2010.

Read More »

Americans consider economy in Thanksgiving travel plans

The Miles family is changing it up this year in the annual American race to make it to the table for Thanksgiving dinner. Instead of booking plane tickets, they opted to take the 1,100-mile trip by train.

Airline tickets seemed too pricey, so they paid $800 for the five of them to travel roundtrip by train from their Syracuse, N.Y., home to Omaha, Neb. to see family. Airfare would have totaled more than $2,500, the family said.

“Economic considerations topped the list for us,” Maureen Miles, 44, a doctor’s office receptionist, said sitting with her husband and three kids at a crowded Union Station in Chicago before their train departed Tuesday afternoon.

“If the price was right, we would have considered flying,” she said.

Read More »

Obama expects support for more troops

President Barack Obama expects Americans to support more U.S. troops in Afghanistan once they understand the perils of losing, and he is preparing to make his case to the nation next week.

Eight years after the Sept. 11 attacks led the U.S. into Afghanistan, Obama said it is still in America’s vital national interest to “dismantle and destroy” al-Qaida terrorists and extremist allies. “I intend to finish the job,” he said.

Obama said he would announce after Thanksgiving his decision on additional troops, and military, congressional and other sources said the occasion would be a Tuesday night televised speech laying out his plans for expanding the Afghan conflict — and then ultimately ending America’s military role.

Read More »

Growing impatience with Obama’s trade policies

The third anniversary of the signing of the U.S.-Colombia free trade pact came and went this month with the Obama administration still negotiating the fine print, Congress showing little interest and business groups frustrated by the lack of action on trade deals.

“For most of 2009 we were willing to sit on our hands” as the new president struggled with the recession and health care, said Bill Lane, a government affairs official for Caterpillar Inc.

“We can’t maintain that anymore. It’s time we started moving forward,” said Lane, who is also corporate co-chairman of the Latin American Trade Coalition.

Read More »

Consumer doubt, unemployment stall recovery claims

ConsumersThe economy is not growing as fast as the government first thought and the recovery still faces significant obstacles, including households nervous about spending and rising unemployment.

Economists expect new reports Wednesday to give a better picture of how things are shaping up for the final three months of the year.

New filings for unemployment benefits likely will show a slight improvement while consumer spending should post a rebound in October after an auto-related plunge in September. Sales of new homes are expected to grow, propelled by first-time buyers taking advantage of a special tax credit.

Even with signs of strength, economists worry the recovery could falter if consumer spending, which makes up 70 percent of economic activity, drops in the face of unemployment that is already at the highest point in 26 years and is expected to keep rising.

Read More »

Dems worry about keeping Obama’s old Senate seat

The White House and Illinois Democrats said Tuesday that their bid to hold on to President Barack Obama’s old Senate seat won’t be easy and their difficulties aren’t just because of the scandal that engulfed ousted Gov. Rod Blagojevich.

Next year is the first major election for Democrats since Blagojevich was arrested last year on federal corruption charges and removed from office. He has pleaded not guilty to charges that he tried to sell or trade Obama’s Senate seat.

“No one ever said it was going to be easy. There’s a dark cloud over everyone’s head,” said Alexi Giannoulias, Illinois’ treasurer who’s running for Obama’s senate seat.

Read More »

Impatience with Obama trade policy grows

WASHINGTON (AP) — The third anniversary of the signing of the U.S.-Colombia free trade pact came and went this month with the Obama administration still negotiating the fine print, Congress showing little interest and business groups frustrated by the lack of action on trade deals….

Read More »

The NY Times has a persuasive article against hysteria

Many worried that a hysterical reaction to the Fort Hood Massacre will make things worse. Unfortunately, most who commented to cool things down, look like they don’t take the deaths seriously, even seem to be making excuses for Nidal Hasan. By claiming he might have PTSD that therapists can something get a little of by listening too long to their patients.

Those who didn’t like Frank Rich in the NY Times should be spread around. It was a surprise to me that prisoner Mumia abu-Jamal phoned in a surprisingly persuasive article as well, http://www.nytimes.com/2009/11/15/opinion/15rich.html  http://www.phillyimc.org/en/carnage-fort-hood-texas

Read More »
Share on facebook
Share on twitter
Share on linkedin