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Republicans needn't trouble themselves to nominate a presidential candidate in 2012. No matter what, President Barack Obama will run against George W. Bush. Bush will be Obama's eternal foil. At this rate, when Obama writes his post-presidential memoir, it will be titled "An Audacious Presidency, or How I Saved America From That Bastard Bush." ...more
October 24, 2009
The chairman of AIG has told Congress he's asked executives to give back their bonuses. The chief executive officer of the failed insurance conglomerate acknowledged Wednesday that the company's multimillion-dollar bonuses were "distasteful" to many and had provoked a firestorm of wrath. "I share that anger," Edward Liddy, chairman and CEO of the American International Group Inc., said in testimony prepared for Congress. ...more
March 18, 2009
Bill Clinton set a stellar example for Barack Obama. Neither of them understands the difference between campaigning and governing. ...more
March 11, 2009
Chinese officials and U.S. Secretary of State Hillary Rodham Clinton agreed Saturday to step up their cooperation on the global economic crisis and climate change, while treading carefully around the human rights issues that often have strained the U.S. relationship with Beijing. ...more
February 22, 2009
Well now, how about the bailout of all these banks, folks? Seems as though the Republicans would like you to blame President Barack Obama for the way the initial monies sent to the banks (under the administration of George W. Bush and controlled, almost exclusively, by former Secretary Treasurer Henry Paulson) were spent. ...more
February 5, 2009
Are you one of the workers recently laid off? ...more
February 5, 2009
Last September, after meeting with Federal Reserve Board Chairman Ben Bernacke and Treasury Secretary Henry Paulson concerning the "need" for the $700 billion bailout, President Bush reportedly remarked to a White House aide, "I am not going to be another Herbert Hoover." ...more
January 21, 2009
The day before President-elect Barack Obama takes office, the escalating troubles facing major banks around the world couldn't be clearer. ...more
January 20, 2009
President-elect Barack Obama wants more transparency and strict guidelines for using the second $350 billion of the bailout fund Congress approved last fall to stabilize the nation's financial system. ...more
January 11, 2009
It was the year the U.S. government pledged more than $8.5 trillion in loans and guarantees to bail out struggling companies. U.S. Treasury Secretary Henry Paulson appeared on the cover of the New York Post more than celebrity heiress Paris Hilton. Stockholders lost more than $30 trillion in market value. Here's a look at 2008 through the numbers: ...more
January 2, 2009
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