Sep 28

Will Obama jobs plan prevent new recession?

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President Barack Obama’s jobs plan could help prevent a 2012 recession, economists said in a new survey. Obama’s $447 billion American Jobs Act would create thousands of jobs and would expand the economy, economists surveyed by Bloomberg News found, in a report released Wednesday. The plan, they said, would push down the jobless rate in 2012, ...

Sep 24

Obama Education reform

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President Obama on Saturday touted a new waiver program giving states more flexibility in circumventing the Bush-era No Child Left Behind education reforms. "While the goals behind No Child Left Behind were admirable, experience has taught us that the law has some serious flaws that are hurting our children instead of helping them," Obama said in ...

Sep 21

Obama lost Jewish vote?

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Jewish voters, a typically reliable bloc for the Democratic Party, are now the focus of Democrats intent on keeping their support and Republicans who see an opportunity to pull them in after New York's recent special congressional election. Longtime New York Democratic strategist Hank Sheinkopf said the election, in which a Republican won the historically Democratic ...

Sep 17

Obama’s approval rating drops to all-time low; Public split on jobs plan

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As concerns about the struggling U.S. economy grow, a new CBS News/New York poll finds that President Obama's overall approval rating has dropped to 43 percent, the lowest so far of his presidency in CBS News polling. In addition, his disapproval rating has reached an all-time high of 50 percent. Views of the president's job performance ...

Sep 13

Obama says U.S. has no time to play games over $447-billion jobs plan

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President Barack Obama bluntly challenged Congress on Monday to act immediately on his new jobs plan, brandishing a copy of the legislation in the Rose Garden and demanding, "No games, no politics, no delays." Surrounded by police officers, firefighters, teachers, construction workers and others he said would be helped by the $447-billion package, the president said ...

Sep 10

Obama declares state of emergency in wildfire-ravaged Texas

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President Barack Obama has declared a state of emergency in Texas, making federal funding available to those affected by wildfires in Bastrop County. "Assistance can include grants for temporary housing and home repairs, low-cost loans to cover uninsured property losses, and other programs to help individuals and business owners recover from the effects of the disaster," ...

Sep 09

Obama Proposes $447 Billion Jobs Stimulus Plan

President Barack Obama addresses a joint session of the United States Congress on the subject of job creation on Capitol Hill in Washington

President Barack Obama channeled the national frustration with the economy that threatens his political standing and challenged the U.S. Congress to pass a $447 billion jobs plan tilted heavily toward the Republican prescription of tax cuts. The president, speaking before a joint session of Congress, demanded six times that lawmakers act “right away” on a plan ...

Sep 07

Obama to propose $300 billion to jump-start jobs

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With the economy weak and the public seething, President Barack Obama is expected to propose $300 billion in tax cuts and federal spending Thursday night to get Americans working again. Republicans offered Tuesday to compromise with him on jobs — but also assailed his plans in advance of his prime-time speech. According to people familiar with ...