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President Barack Obama unveiled a $3.55 trillion spending plan Thursday that would boost taxes on the wealthy, curtail Medicare, lay the groundwork for universal health care and leave a string of deficits dwarfing any in the nation's history. ...more
February 27, 2009
The Cabinet nominated by President-elect Barack Obama is a largely centrist and pragmatic collection of politicians and technocrats without a pronounced ideological bent. Liberals are satisfied but not delighted. Conservatives say the nominees aren't as leftist as they had feared. Powerful interest groups with conflicting agendas are appeased. ...more
January 11, 2009
A top adviser to President-elect Barack Obama said Sunday that the country's slowing economy won't keep the new administration from fulfilling its plans for a middle-class tax cut. ...more
December 29, 2008
The U.S. economy's health has completely deteriorated. Our market activity and that of our major global trade partners has slowed significantly, leading to a decrease in U.S. exports and consumer expenditures. America endured negative growth in GDP down to -.03 percent in the third quarter. The unemployment rate grew at an alarmingly rapid rate in the last quarter. When the fourth quarter statistics emerge, the U.S. economy will likely be in a full blown recession. ...more
November 25, 2008
If Obama lived in number-obsessed China, he'd try to have 95 in his phone number or live at an address with 95 in it. ...more
October 25, 2008
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