At the White House Rural Economic Forum in Peosta, Iowa, on Tuesday, President Obama unveiled new economic initiatives to help stir job growth and capital investment in rural America. "These are tough times for a lot of Americans — including those who live in our rural communities," the President said in a press release. "That’s why my administration has put a special focus on helping rural families find jobs, grow their businesses and regain a sense of economic security."
The White House announced Tuesday that Ron Bloom, Assistant to the President for Manufacturing Policy and leading engineer of the auto bailout, will be leaving the Obama administration this month. White House officials say Bloom will be replaced, but in the interim, Gene Sperling, the Director of the National Economic Council, will expand his day-to-day focus to manufacturing.
Sen. John Kerry (D-Mass.), among other prominent Democrats, blamed the Tea Party for S&P’s downgrade of the U.S. government's long-held AAA credit rating. In the aftermath of this historic U.S. fiscal shift, which arrived despite the $2.5 trillion deficit reduction plan passed last week, the congressional blame game is an inevitable outcome, and Sunday shaped the springboard for Congress to indulge the media in partisan pandering.
The Governor’s Eugenics Compensation Task Force advocates that North Carolina provide reparations to surviving victims of the state’s past sterilization program. The program, which spanned from 1929 to 1974 — most popular during the 1930s — subjected 7,600 residents to forced sterilization, of whom analysts estimate 1,500 to 2,000 are still alive today.
Another political sex scandal has surfaced, as U.S. Rep. David Wu (D-Ore., left), has been exposed for indulging in elicit relations with an unidentified 18-year-old woman, only a few weeks after Rep. Anthony Weiner was caught sending lewd photos to young women on Twitter � and only a week before the U.S. default deadline.
Over the years, the Federal Trade Commission�s promotion of "consumer protection" has escalated, and a dominant role the agency currently holds involves regulating corporate marketing strategies. The FTC�s latest victim in the arena of consumer protection is food marketing, more specifically, food marketing to children.
Legislated in 1914 by President Woodrow Wilson, the Federal Trade Commission Act was a "trust-busting" prescription of the Progressive Era, but it further evolved into a broad, regulatory regime that now envelopes the private marketplace.
Despite high unemployment and the prolonged burden of lethargic economic growth, U.S. Congressional leaders are seeing their personal wealth rise. With unemployment at 9.1 percent and the private sector short on cash, everyday Americans desperately seek work, while those fortunate to have work suffer from benefit and wage cuts.
In a 51-47 vote, the U.S. Senate nixed a Democratic proposal to confiscate billions of dollars in tax breaks from some of the largest oil companies. Sixty votes were needed to push through Sen. Robert Menendez’s (D-N.J.) bill, which would have stripped billions in tax deductions from the "big five" oil companies, which includes BP, Exxon, Shell, Chevron, and ConocoPhilips.
President Obama benefits from a fundraising advantage that Republican presidential hopefuls can’t quite match: Access to the White House. According to an investigation by The Associated Press, over 60 of the President’s top campaign donors have attended the White House more than once for state dinners, holiday events, and meetings with top administration advisers.
President Obama’s reelection campaign reported Monday that it raised more than $45 million in February, a significant boost from the $29.1 million raised in January but far behind what it collected in February of 2008. "In February, 348,000 people donated to raise over $45 million for this campaign," read a tweet posted by the campaign. "Thank you."