Obama forecasts $1,750bn deficit By Edward Luce and Krishna Guha in Washington Published: February 26 2009 11:24 | Last updated: February 26 2009 13:55 Barack Obama’s headline budget, that will be released later on Thursday morning, includes a $250bn item for future bailout funds which implies the White House could be planning to ask Congress for up to $1,000bn more…Read More »
The unhappy class warriors are already aiming at remarks made by Fidelity’s chief Ned Johnson. The chairman of the mutual fund giant praised Obama for putting the economy front and center but questioned his policies. Johnson, like most libertarian and conservative economists, believes that FDR’s policies prolonged the depression.
But Johnson, sounding like he’s never been a big fan of…
“We need earmark reform,” Obama said in September during a presidential debate in Oxford, Miss. “And when I’m president, I will go line by line to make sure that we are not spending money unwisely.” So Mr. President, are you going to sign the Omnibus Spending Bill about to hit your desk? The $410 billion bill contains over 9,000 earmarks.…Read More »
( – promoted by EaBo Clipper) The stock market reached twelve year lows today showing a complete lack of confidence by investors. Not surprisingly, Investor's Business Daily had predicted this reaction back in October. Last Oct. 13, in trying to explain why the market had sold off 30% in six weeks, we acknowledged that the freeze-up of the financial system…Read More »
( – promoted by DD4RP) While the focus of many of us has been the economic crisis and the new administration’s commitment to tackle the problem through Socialism, somewhat forgotten has been the amateur hour foreign policy being pursued by President Obama. This past week Hugo Chavez secured a referendum vote which gives him the real possibility of being…Read More »
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Associated Press Carter voices confidence in Obama stimulus plan ATLANTA (AP) — Former President Jimmy Carter has voiced support for President Barack Obama's plan to stimulate the economy. Carter says he has "full confidence" in Obama's proposal and expects it will take about six months for the economy to begin improving. I feel so much better now.…
GOP Governors to Reject Obama’s Big Spending?
…the governors of Alaska, Idaho, Louisiana, Mississippi, South Carolina, and Texas have all questioned whether the $787 billion bill signed into law this week will help the economy. http://www.boston.com/news/nat… $8 Billion in Fraud, $31,750 Gift to Obama
Stanford’s political action committee gave $31,750 to President Obama’s campaign, the third biggest donation for the…