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Video: Obama Weekly Address (1-24-09) January 25, 2009

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In his first weekly address since being sworn in as the 44th president of the United States, President Barack Obama discusses how the American Recovery and Reinvestment Plan will jump-start the economy.

“This is not just a short-term program to boost employment,” he said. “It’s one that will invest in our most important priorities like energy and education; health care and a new infrastructure that are necessary to keep us strong and competitive in the 21st century.”

The Administration is still working with Congress to refine the plan, but in the address, President Obama lays out the key priorities. He goes into detail, noting that the plan will update our electric grid by laying more than 3,000 miles of transmission lines; weatherize 2.5 million homes; protect health insurance for more than 8 million Americans in danger of losing their coverage; secure 90 major ports; renovate 10,000 schools; and triple the number of science fellowships.


Courtesy Whitehouse.gov


Another blow for Republicans as senator announces retirement January 13, 2009

Posted by trouble97018 in Economy, News, Politics, Repiglicans.
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Courtesy Rawsstory/AFP:

The beleaguered US Republican Party, reeling from big losses to Democrats and about to relinquish the White House, took another blow on Monday, when a key Ohio senator announced his retirement.

Veteran Senator George Voinovich said he would not run for a third term when his seat comes up for reelection in 2010, leaving Republicans another tricky race in a state which voted for Democrat Barack Obama for president.

Given the fierce challenges facing the United States, including the deep economic crisis, Voinovich said he could best serve his state by devoting himself to the Senate rather than campaigning and fundraising.

“In my lifetime of public service, I have never seen the country in such perilous circumstances, Voinovich said in a statement.

“Not since the Great Depression and the Second World War have we been confronted with such challenges, as a nation and as a world.

“These next two years in office, for me, will be the most important years that I have served in my entire political career,” said Voinovich, a former mayor of Cleveland and Governor of Ohio.

-Article Continued @ Sourced Site.

President-Elect Obama’s weekly Video Address (11-22-08) November 23, 2008

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Your Weekly Address from the President-Elect November 15, 2008

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McCain calls liberals a threat to economy October 28, 2008

Posted by trouble97018 in Democrats, Economy, McCain, News, Obama, Politics, Repiglicans.
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Courtesy of The Boston Globe/ boston.com


CLEVELAND – Republican John McCain, casting next week’s presidential election along partisan and ideological lines, yesterday portrayed Democrat Barack Obama as an old-fashioned liberal who would govern as a dangerous extension of his party’s congressional leadership.

“Now this election comes down to how you want your hard-earned money spent,” McCain told an audience in a Cleveland hotel ballroom after a meeting with political and business figures he considers his economic advisers, including former Massachusetts governor Mitt Romney.

“Do you want to keep it and invest it in your future, or have it taken by the most liberal person to ever run for the presidency and the Democratic leaders – the most liberal, who have been running Congress for the past two years, Nancy Pelosi and Harry Reid?” McCain went on, to boos. “You know, my friends, this is a dangerous threesome.”

As he shapes his concluding argument to voters with just a week until Election Day, McCain’s campaign has worked furiously to exploit distrust of incumbent Washington – South Carolina Senator Lindsey Graham has been exhorting supporters to “take your country back.” And McCain has continued to distance himself from the Republican administration, while Obama has sought to blur any distinction, referring Sunday to a “Bush-McCain philosophy.”

“We both disagree with President Bush on economic policy,” McCain said. “The difference is that he thinks taxes have been too low, and I think that spending has been too high.”

The remarks inaugurated a final phase in the campaign in which advisers said McCain – implicitly acknowledging that Democrats are likely to strengthen their hold on both chambers of Congress – would offer himself up as a bulwark against the hazards of single-party dominance of the legislative and executive branches.

“We’re going to take a beating in the House and Senate. We’re big boys and girls and frankly we deserve it,” said Michael Steele, the chairman of GOPAC, a conservative group, and one of those who appeared with McCain yesterday.

“The last two or three years, the American people have gotten into a comfort zone of having divided government,” he said. “It’s part and parcel of this campaign: Tell voters what the consequences are.”

Delivered with little advance warning to the media as Obama prepared to present his own “closing argument” at his own event 60 miles away, McCain’s address offered no new policy details or prescriptions. Instead, McCain articulated in his most dire terms yet what has become the dominant theme of his campaign in the last two weeks: that Obama’s plans to raise income taxes and fine companies that do not provide employee health insurance would be obstacles to small-business growth, and kill jobs just when new ones are needed most. “It’s a difference of millions of jobs in America, and Americans are beginning to figure that out,” he said. “With one week left in this campaign, the choice facing Americans is stark.”

McCain has had greater difficulty sketching that choice in clear ideological terms since the emergence of a national credit crisis in September, his advisers acknowledge, given that both he and Obama voted for a $700 billion financial-services bailout.

Yesterday McCain challenged Obama for not backing a plan for the Treasury Department to use nearly half that bailout money to buy up individual mortgages. And he criticized Bush in broader terms for being passive in response to economic concerns.

“We cannot spend the next four years as we have spent much of the last eight: spending ourselves into a ditch and hoping that the consequences don’t come,” McCain said later, in an afternoon rally in Kettering, outside Dayton.


Article continues @ http://www.boston.com/news/nation/articles/2008/10/28/mccain_calls_liberals_a_threat_to_economy/

Sarah Palin’s 150,000 makeover October 23, 2008

Posted by trouble97018 in Economy, McCain, News, Politics, Repiglicans.
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Courtesy of BBC News

The life of a vice-presidential candidate may be gruelling, but it can also be glamorous – $150,000 glamorous.

The Republican National Committee has reportedly spent about that amount (roughly £92,000) on Alaska Governor Sarah Palin’s wardrobe since she was chosen as John McCain’s running mate less than two months ago.

Alaska is a state where women are more commonly seen in Mukluk boots and heavy furs than stilettos and expensive tailored suits, but thrust into the national spotlight Mrs Palin has adopted a new look.

A self-professed adorer of high heels, she has sported a number of new styles on the campaign trail.

It looks as though Mrs Palin’s “the heels are on, the gloves are off” comment was more firmly based in reality than was previously thought.


Article continues @ http://news.bbc.co.uk/2/hi/americas/7685067.stm

Biden: It’s the economy, John October 11, 2008

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Posted by Foon Rhee, deputy national political editor October 11, 2008 11:06 AM

Vice presidential nominee Joe Biden picks up the baton in today’s Democratic radio address, accusing John McCain of trying to change the subject from the economy and promoting Barack Obama’s plan to aid the middle class.

“Nothing less than our future prosperity and security are at stake in this election,” Biden says. “That’s why it’s been so disappointing that our opponents don’t seem to want to talk about the economy.”Source Article

AIG Spa Trip Fuels Fury on Hill October 8, 2008

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Washington Post Staff Writer
Wednesday, October 8, 2008; Page D01

For some people at AIG, the insurance giant rescued last month with an $85 billion federal bailout, the good times keep rolling.

Joseph Cassano, the financial products manager whose complex investments led to American International Group‘s near collapse, is receiving $1 million a month in consulting fees.

Former chief executive Martin J. Sullivan, whose three-year tenure coincided with much of the company’s ill-fated risk-taking, is receiving a $5 million performance bonus.

And just last week, about 70 of the company’s top performers were rewarded with a week-long stay at the luxury St. Regis Resort in Monarch Beach, Calif., where they ran up a tab of $440,000. Source Article

Obama Leading In Ohio, Poll Finds October 7, 2008

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Edge Is 6 Points In a State Looming Large for McCain

Brian Heath paints a Barack Obama campaign logo on Gary Lahman's garage just outside of Bowling Green, Ohio.

Brian Heath paints a Barack Obama campaign logo on Gary Lahman’s garage just outside of Bowling Green, Ohio. (By J.d. Pooley — Getty Images)

Washington Post Staff Writers
Tuesday, October 7, 2008; Page A01

Aided by the faltering economy, Democratic presidential candidate Barack Obama has the upper hand in the race for Ohio, according to a new Washington PostABC News poll, putting Republican John McCain at a disadvantage in a state considered vital to his chances of winning the White House in November.

The state’s voters, long suffering from a poor economy and newly battered by the turmoil in the financial, credit and housing markets, give Obama stronger marks on handling the economy, creating jobs and dealing with tax policy. The senator from Illinois also has a big lead as the candidate more in tune with the economic problems people are confronting, a significant benefit as more than half of all voters consider the economy and jobs the campaign’s top issue.

Overall, among likely voters in the new poll, 51 percent said they would support Obama and his running mate, Sen. Joseph R. Biden Jr. (Del.), if the election were held today, while 45 percent said they would back McCain and his vice presidential nominee, Alaska Gov. Sarah Palin. Source Article

Campaign getting personal October 6, 2008

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Posted by Foon Rhee, deputy national political editor October 6, 2008 03:53 PM

Get ready to hear a lot about Bill Ayers and Charles Keating this week, likely including Tuesday night’s second presidential debate.

Republican John McCain is trying to move the campaign off the economy — an issue on which Democratic rival Barack Obama has a clear edge and has ridden to a clear lead in national polls and surveys in a bevy of battleground states — and has apparently decided to go after Obama’s character.   Source Article