Obama administration

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Paralyzed Dems Ignore Slow-Burn Crises: Krugman

(Newser) - When the economic crisis turned terrifying last winter, Washington finally got its act together and passed a massive stimulus package. But now, writes New York Times columnist Paul Krugman, the US faces a slower but more dangerous "jobless recovery" over the next few years and an "utterly terrifying"...

Obama: Time to Rebuild Stronger Than Ever

President confident that nation will emerge from recession better than before

(Newser) - Fresh off a whirlwind world tour, President Obama is turning his attention once again to his domestic agenda. In a Washington Post editorial, Obama says his administration’s “swift and aggression action has helped pull our financial system and our economy back from the brink.” But the president...

Nice Trip, Now Get Back to Work, Mr. President

(Newser) - President Obama got his usual hero's welcome overseas, but this trip seemed "jarring and discordant" back in the US, writes Cynthia Tucker in the Atlanta Journal-Constitution. Our economic news keeps getting worse by the day, yet at summit after summit, “photos of the Obamas in resplendent, gold-bedecked palaces...

Kristol: Hey, Liberals, Your Bubble Is Bursting

(Newser) - With the 2006 and 2008 election victories, liberals have been cheering the end of the “ghastly interlude of conservative dominance ushered in by Ronald Reagan,” William Kristol writes in the Weekly Standard. Not so fast. “Only six months into the new administration, even a talented hot air...

Bailouts May Be Offered to Small Businesses

TARP funds, meant to save banks, could be used to save jobs

(Newser) - The Obama administration is working on a plan that would take money from the TARP—the $700 billion fund intended to rescue banks—and lend it to small businesses, the Washington Post reports. The money would come with few restrictions, and the government would pick up as much as 90%...

Five Leaders Who Liked Bush Better
Five Leaders Who Liked Bush Better
analysis
Jul 11, 2009 5:12 AM CDT

Five Leaders Who Liked Bush Better

(Newser) - Not all foreign leaders prefer Barack Obama to George W. Bush. Joshua Keating of Foreign Policy lists five heads of state who probably miss Dubya:
  • Silvio Berlusconi. "The conservative Christian from Texas and the lecherous billionaire" were good buddies; Bush hosted the Italian president often at his ranch
...

US Quashed Inquiry Into 2001 Afghan Mass Murder

(Newser) - The Bush administration stonewalled human rights organizations and branches of the US government that sought an investigation into the alleged mass murder of Taliban prisoners in Afghanistan in 2001, the New York Times reports. As many as 1,500 people may have died in the incident, under the command of...

Obama, Pope Hold 'Frank' Discussion at First Meeting

(Newser) - President Obama met with Pope Benedict for the first time today at the Vatican, the AP reports. The White House press secretary predicted a “frank discussion. I think that there's a lot that they agree on that they'll get a chance to discuss,” said Robert Gibbs. Though the...

G8 Pledges $20B for Farmers in Poor Countries

In pushing for funds, Obama cites father's experience

(Newser) - On the last day of a G8 summit stymied on climate change and trade, leaders have pledged $20 billion to farms in poor countries in the fight hunger, Reuters reports. Some $3.5 billion will come from the US, which wants to focus on farm aid instead of food aid....

Krugman to Obama: I Told You So
Krugman
to Obama:
I Told You So
OPINION
Jul 10, 2009 10:23 AM CDT

Krugman to Obama: I Told You So

Bush-style hedging on possible 2nd stimulus isn't helping anyone

(Newser) - A second economic stimulus package looks increasingly necessary, and President Obama may get "caught in a political-economic trap" if he doesn't act soon, warns Paul Krugman in the New York Times. The Fed is out of the picture, and the White House has to deal with legislators convinced that...

Slow Down, Obama: Baby Steps to Fix Health Care

'Low-hanging fruit' can save us cash with little political fallout

(Newser) - President Obama has managed to achieve an impressive amount in his first few months in office—but “even liberals” are starting to get worried about cost, writes Michael Kinsley in the Washington Post. Health care reform, while needed, is vastly expensive. Maybe now’s the time to slow things...

How Taxpayers Can Profit From the New GM
How Taxpayers Can Profit From the New GM
ANALYSIS
Jul 9, 2009 8:47 PM CDT

How Taxpayers Can Profit From the New GM

A change in the automotive paradigm would be worth more than any dividend

(Newser) - Tomorrow will see the death—and rebirth—of General Motors. And with the government taking a 60% stake, it's reasonable to wonder whether taxpayers will ever see a return on their investment, writes Matthew DeBord for the Big Money on Slate. But the focus on money might be "short-sighted,...

Calling Obama Socialist 'Won't Stick:' Jeb Bush

(Newser) - Jeb Bush has a pretty dim view of President Obama, but he wouldn’t go so far as to call him names. When Tucker Carlson asks the former Florida governor if Obama is “a socialist” in an interview for Esquire, Bush demurs. “I don't know,” he responds....

They May Love Obama, But Still Don't Like US

(Newser) - President Obama is viewed favorably around the world, but his popularity hasn't worked any magic on the image of the US, Tom Schaller writes on FiveThirtyEight. A new poll of people in 20 countries finds the average global opinion of the role the US plays in the world is 41%...

Obama Must Show Congress Who's Boss
Obama Must Show Congress Who's Boss
OPINION
Jul 9, 2009 12:48 PM CDT

Obama Must Show Congress Who's Boss

Lack of cooperation drags down domestic agenda: Klein

(Newser) - President Obama’s domestic agenda is in trouble, writes Joe Klein of Time, because of his “undue respect for the institution of Congress, a sclerotic body badly in need of creative leadership.” Obama is sitting on the sidelines while the Senate manhandles his health care and energy proposals....

A Quarter of Defaulters Are Doing It on Purpose

(Newser) - As many as 26% of mortgage defaults are deliberate moves by homeowners who owe more than their house is worth, finds a new study that asked 1000 people if they knew anyone who had defaulted even though they could still make payments. Researchers caution that the study isn’t precise,...

Obama Shares McNamara's Fatal Flaw
 Obama Shares 
 McNamara's Fatal Flaw 
OPINION
Jul 8, 2009 7:14 AM CDT

Obama Shares McNamara's Fatal Flaw

(Newser) - For some the death of Robert McNamara was the last chapter of a bygone disaster, but as George Will writes, Barack Obama and his team have more in common with the architect of Vietnam than they realize. McNamara's "eerie assuredness pervades the Washington in which he died," writes...

Detainees, Once Acquitted, May Still Die at Gitmo

Like Bush, Obama administration argues for indefinite detention

(Newser) - Detainees held at Guantanamo Bay and other military prisons may not be freed even if a US commission acquits them of all charges, an Obama administration official testified yesterday. The Defense Department rep told a Senate committee that detainees would be assessed on an individual basis and that prisoners might...

Public Option 'Negotiable' in Health Reform: Emanuel

Obama OK with trigger backup to private plans

(Newser) - President Obama wants a public health care option, but he’s not married to the idea, Rahm Emanuel tells the Wall Street Journal—as long as real competition is somehow injected into the insurance market. “The goal is to have a means and a mechanism to keep the private...

Hospitals Agree to $155B in Future Savings

Will accept lower payments for Medicaid, Medicare

(Newser) - The nation’s hospitals have struck a deal with White House and Senate negotiators that will save the government $155 billion over 10 years, the Washington Post reports. The hospitals will accept lower-than-expected Medicare and Medicaid payments, and a gradual reduction in the amount paid to help care for the...

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