Reuters - Tackling the housing market's woes is a "high priority" for President Barack Obama, a White House official said on Monday, but the aide would not say whether housing-related measures would be in Obama's jobs speech later this week.
So how much trouble is Barack Obama in? Well, it doesn’t get much worse.His approval rating is hovering just above 40 per cent. Unemployment is stuck at 9.1 per cent; the White House forecast that it would be about 6.5 per cent by now if its economic stimulus plan was passed. Essentially, the American economy is grinding to a halt.More importantly, what is Obama going to do about it? In terms of policy, the White House has run out of whatever ideas it ever had.
August brought no increase in the number of jobs in the United States, a signal that the economy has stalled and that inaction by policy makers carries substantial risk.The government report on hiring, released on Friday, prompted another round in a relentless diminution of economic expectations. The unemployment rate, at 9.1 percent, did not change last month, and the White House said it was expected to stay that high through at least 2012.
In a shift sure to raise the ire of environmentalists, the White House is scuttling proposed regulation updating government smog standards. The withdrawal comes two days after the administration identified seven proposed regulations that would cost the economy at least $1 billion each.
Here was the headline on Yahoo News tonight: "Obama bows to Boehner on jobs speech." Bows to Boehner: I can tell you what any progressive who has been paying attention thought, "Oh boy, here we go again."President Obama has now changed the day of his address to Congress to accommodate the Republicans. They were having a GOP presidential debate on the original date he picked. So, Boehner told him to move his speech. He is the president for Christ's sake. Of course, they should have accommodated him, not the other way around. But as usual, President Obama bowed.So, this...
President Obama is going to give yet another Big Speech next week. Who among us can contain his excitement?
The White House insists this address will have nothing to do with partisan politics and everything to do with getting Americans back to work. Well, suspend your own disbelief as best you can. But one thing is certain: The president will enter the chamber “shovel ready,” as it were.
Keep reading this post . . .
AP - The tiff over the timing of President Barack Obama's jobs speech to Congress offers little hope that Republicans and the White House will now find common ground on how to reduce the nation's painfully high unemployment. In fact, some Democrats say it's time Obama stopped trying so hard to negotiate.
The prospect of a giant oil pipeline running from Canada to Texas has activists up in arms. About 800 people have been arrested in ongoing protests at the White House. The Obama administration says it will decide by the end of the year whether to approve the 1,700-mile-long Keystone pipeline.
The Republican White House hopeful is campaigning this week in New Hampshire, a state that has a history of welcoming independent-minded candidates. Huntsman, who's polling at just 3 percent in the state, has a delicate task there: He's trying to set himself apart from the crowded field of GOP candidates — but not too far apart.