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President Obama Takes His Message to the Presses

Posted by admin On March - 24 - 2009

 

The President takes his message coast to coast in an op-ed that went out to more than twenty different newspapers.

The President takes his message coast to coast in an op-ed that went out to more than twenty different newspapers.

 

 

A time for global action

By Barack Obama
Monday, March 23, 2009

WASHINGTON: We are living through a time of global economic challenges that cannot be met by half measures or the isolated efforts of any nation. Now, the leaders of the Group of 20 have a responsibility to take bold, comprehensive and coordinated action that not only jump-starts recovery, but also launches a new era of economic engagement to prevent a crisis like this from ever happening again. Read the rest of this entry »

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Toxic Asset Plan Foresees Big Subsidies for Investors

Posted by Justin Newman On March - 21 - 2009

 

 

Geithner hard at work to fix the mistakes of the previous administration.

Geithner hard at work to fix the mistakes of the previous administration.

 

 

 

 

 

 

 

 

 

WASHINGTON —     The Treasury Department is expected to unveil early next week its long-delayed plan to buy as much as $1 trillion in troubled mortgages and related assets from financial institutions, according to people close to the talks.

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GOP Congressman Calls For Geithner Resignation

Posted by Justin Newman On March - 18 - 2009

s-timmy-large1USA Today-
Rep. Connie Mack, R-Fla., called today for Treasury Secretary Tim
Geithner to resign or be fired. His spokeswoman, Stephanie DuBois, says that “to the best of my knowledge” Mack is the first member of Congress to do so.

“This week’s news on the AIG bonus scandal is but the latest fiasco under his watch and he has lost the confidence of the American people,” Mack said in a statement this morning. “Quite simply, the Timothy Geithner experience has been a disaster … Timothy Geithner should either resign or be fired for the good of the country.”

Yesterday Sen. Richard Shelby, R-Ala., said Geithner seems to be “out of the loop” but said he did not know if Geithner should resign.

In other political news today, Sen. Arlen Specter, R-Pa., tells The Hill he won’t become a Democrat but would consider running as an independent as a last resort. Specter, a moderate who supported President Obama’s stimulus plan, faces primary challenges next year from conservatives.

And Politico previews the March 31 contest to succeed Democratic Sen. Kirsten Gillibrand in New York’s 20th congressional district:

The stakes are especially high for new Republican National Committee Chairman Michael Steele and the GOP, since a win would provide the embattled chairman with some much-needed breathing room, and a loss would enable Democrats to frame the race as a validation of President Barack Obama’s stimulus package.

With 71,000 more registered Republicans than Democrats in the Hudson Valley-based 20th District, the contest between state Assembly Minority Leader James Tedisco (R) and Democratic businessman Scott Murphy offers Republicans a prime opportunity to pick up a Democrat-held seat.

But despite the district’s Republican lean, Obama narrowly carried it and Gillibrand easily won reelection in 2008 with 62 percent of the vote.

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Obama: Crisis A Time Of “Great Opportunity”

Posted by admin On March - 7 - 2009

r-barack-obama-huge WASHINGTON — President Barack Obama on Saturday challenged his country to see its hard times as a chance to “discover great opportunity in the midst of great crisis.”

“That is what we can do and must do today. And I am absolutely confident that is what we will do,” Obama said in his weekly radio and video address, taped a day earlier at the White House.
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