CATEGORY: January 2010

Remarks by The President at Opening Session of the Forum on Modernizing Government

South Court Auditorium Eisenhower Executive Office Building 2:03 P.M. EST THE PRESIDENT: Thank you. Please have a seat, everybody. Thank you so much. Well, good afternoon, everyone, and thanks for all of you for being here today. I’d like to recognize the Deputy Cabinet Secretaries who are with us for their leadership at our agencies. And it’s exciting to see the leaders of some of... [Read more]

Obama Unveils Broad Banking Industry Reforms

The Obama administration is doing everything it can to counter adverse sentiments in a bid to avoid catastrophes like the Massachusetts Senate race. President Obama has announced plans for banking and financial industry reforms and so far, plans are leaning towards the left. Billed as the “biggest overhaul of Wall Street in recent times”, the new regulations prohibit banks from “owning,... [Read more]

Obama vows to stand up against special interest groups

President Obama is outraged over a recent Supreme Court ruling. The ruling allows corporations to use their financial might to influence elections directly. “By a five-four vote, the Court overturned more than a century old law – including a bipartisan campaign finance law written by Senators John McCain and Russ Feingold that had barred corporations from using their financial clout to... [Read more]

Obama’s slip in the polls is not hard to explain

Many people seem to be surprised at the slide in President Obama’s approval ratings. From the time of the oath, Obama has fallen down from 65 % to 50 % making him the recipient of the lowest approval rating of all time for any president at this stage of their presidency. If you think about it, the slide is understandable. Obama’s message of Hope and Change were interpreted and read in numerous... [Read more]

Harry Reid taking heat for Obama remarks

Harry Reid and trouble are words that go hand in hand, and the comments he made about Obama during the 2008 Presidential Campaign have now come back to haunt him. Reid has been in trouble numerous times before due to his self-enriching tactics. He was accused of pushing the construction of a bridge between Nevada and Arizona, purely because he owned 160 acres of land located close to the construction... [Read more]

Tax on Health Plans Splits Obama and Labor Leaders

At last, a final version of the healthcare bill is within reach and President Barack Obama can finally breathe a sigh of relief… or can he? The tax that the President backs is still a sore point among many and it is unlikely that he can get it through without a bitter fight. Nicknamed “The Cadillac Tax”, the tax aims to target any family health-insurance plans which are valued at more than $23,000... [Read more]

Obama Uses New Tactic to Ignore Laws

The easiest way for a U.S. President to object laws passed by Congress is to veto it. Another method the President can consider is called a Signing Statement. This allows laws to be ignored if they are considered to be unconstitutional or if they “interfere with his ability to conduct foreign policy.” The Signing Statement can be issued at the time the President signs a bill or within a short period... [Read more]

Obama Awards $2.3 Billion Clean Energy Tax Credits

In a bid to combat the unemployment problem, President Barack Obama announced his $2.3 billion tax credit aimed at promoting clean energy. Unemployment firmly stayed in the double digits at 10 %, even though positive signs started emerging in the last quarter of 2009. Obama claims that the tax credit will see the creation of at least 17,000 jobs. It is part of the stimulus package that was signed by... [Read more]

Obama Admin Threatens to Withhold Aid to Israel

Comments made by Obama’s special envoy to the Middle East have not gone down well with many people. In response to a question about the level of leverage the U.S. has in getting Israel to “toe the line”, George Mitchell said “Under American law, the United States can withhold support on loan guarantees to Israel.” This apparent threat has ruffled feathers in Israel as well as the... [Read more]

Will Obama omit climate change from State of the Union speech?

There are mounting fears for environmental groups that President Barack Obama could sideline global warming issues in his State of the Union address. Environmentalists are lobbying hard for the President to send out a strong signal about his commitment to addressing climate change. However, the recent loss experienced by the Democrats in Massachusetts could be a deciding factor. Republican Scott Brown’s... [Read more]

Next Page »