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Written by Stephen Collinson, AFP
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Dec 08, 2009 at 10:40 AM |
WASHINGTON (AFP) – President Barack Obama will Tuesday lay out three new approaches to battling the US jobs crisis, in a major speech intended to ensure employment returns along with slowly building economic growth. But Obama, saddled with huge government deficits which rule out lavish spending to get millions of people back to work, will warn that there is "no silver bullet" available to trim 10 percent unemployment, an official said. In his speech at the Brookings Institution think-tank in Washington, Obama will announce a set of steps to help small businesses grow and hire new staff, and lay out rebates for homeowners who make their dwellings energy efficient. He will also announce a boost for spending on infrastructure to modernize highways, railways, bridges and airports which will require the creation of new jobs, the official said on condition of anonymity. Obama is also expected to say he is looking at the possibility of using at least some of the unspent or repaid funds from a financial industry bailout to make it easier for small businesses to create jobs. But critics say that unused Troubled Asset Relief Program (TARP) funds should be funneled toward a deficit of well over a trillion dollars, and rules governing the bailout could restrict its use in a different guise. |
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Written by Brett Michael Dykes, Yahoo News Blog Contributor
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Dec 08, 2009 at 10:34 AM |
A new Rasmussen poll finds that the tea party movement's popularity is growing, so much so that it garners more support than the Republican party on a generic Congressional ballot. The poll hints that the burgeoning discontent among conservatives within the GOP threatens to splinter the party at a time when the popularity of President Obama and the Democratic-controlled Congress are waning as we head into an election year. The tea party movement was conceived out of antipathy for President Obama's economic stimulus plan and cultivated by groups like Freedom Works and conservative commentators such as Glenn Beck. Its guiding principals are centered around opposition to tax increases and the expansion of federal government spending. The movement rose to prominence when it organized highly-publicized protest gatherings across the country on April 15th of this year. |
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Written by Associated Press
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Dec 08, 2009 at 10:30 AM |
CARACAS, Venezuela – President Hugo Chavez said Monday that Venezuela has received thousands of Russian-made missiles and rocket launchers as part of his government's military preparations for a possible armed conflict with neighboring Colombia. "They are preparing a war against us," Chavez said during a televised address, repeating a charge he has been making for months. "Preparing is one of the best ways to neutralize it." Both Colombia and Washington deny having any plans to attack Venezuela, but Chavez argues they are plotting together a military offensive against Venezuela. Chavez says his government is acquiring more weapons as a precaution. "Thousands of missiles are arriving," Chavez said. The former paratrooper-turned-president did not specify what type of missiles, but said Venezuela's growing arsenal includes Russian-made Igla-1S surface-to-air missiles and rocket-propelled grenades. |
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Written by SHARON THEIMER, Associated Press Writer
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Dec 06, 2009 at 03:43 PM |
WASHINGTON – It's hardly the image of transparency the Obama administration wants to project: A workshop on government openness is closed to the public. The event Monday for federal employees is a fitting symbol of President Barack Obama's uneven record so far on the Freedom of Information Act, a big part of keeping his campaign promise to make his administration the most transparent ever. As Obama's first year in office ends, the government's actions when the public and press seek information are not yet matching up with the president's words. "The Freedom of Information Act should be administered with a clear presumption: In the face of doubt, openness prevails," Obama told government offices on his first full day as president. "The government should not keep information confidential merely because public officials might be embarrassed by disclosure, because errors and failures might be revealed, or because of speculative or abstract fears." |
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Written by Associated Press
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Dec 06, 2009 at 03:39 PM |
RIO DE JANEIRO – A top Brazilian official has signaled that Latin America's largest nation may recognize the Honduran candidate who won last weekend's post-coup presidential election. Dilma Rousseff is chief of staff for Brazilian President Luiz Inacio Lula da Silva. Rousseff says the Central American country's Nov. 29 election should be considered separately from the June 28 coup that ousted ex-President Manuel Zelaya. Previously, the government had said it would not recognize the election unless Zelaya was returned to office and allowed to serve out his term, which ends Jan. 27. Rousseff told Brazilian television late Friday from Germany that the coup "is one thing" and "discussing the election" another. She says "this new process" — the election — "has to be considered." |
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Written by PHILIP ELLIOTT and ANDREW TAYLOR, Associated Press Writers
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Dec 04, 2009 at 08:57 PM |
ALLENTOWN, Pa. – Even as he heralded the first unemployment drop in months, President Barack Obama began putting the finishing touches Friday on a fresh job creation proposal he's planning to send to Congress next week. "I still consider one job lost one job too many," Obama told a community college crowd in Allentown. "Good trends don't pay the rent." The president plans to outline his list of ideas for a new jobs bill in a speech from Washington on Tuesday. Among the plans he's likely to endorse is an expansion of a program that gives people cash incentives to fix up their homes with energy-saving materials, senior administration officials said. |
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Written by DAVID ESPO, AP Special Correspondent
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Dec 03, 2009 at 08:06 PM |
WASHINGTON – Unflinching on a critical first test, Senate Democrats closed ranks Thursday behind $460 billion in politically risky Medicare cuts at the heart of health care legislation, thwarting a Republican attempt to doom President Barack Obama's sweeping overhaul. The bid by the bill's critics to reverse cuts to the popular Medicare program failed on a vote of 58-42, drawing the support of two Democratic defectors. Approval would have stripped out money needed to pay for expanding coverage to tens of millions of uninsured Americans. The broader legislation aims to extend health coverage to 31 million who now lack it, while barring insurance industry practices such as denying coverage on the basis of pre-existing medical conditions. Though the overhaul is estimated to cost about $1 trillion over a decade, the Congressional Budget Office has said it would cut federal deficits by $130 billion over that period, and probably reduce them further in the 10 years beyond that. |
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Written by TOM RAUM, Associated Press Writer
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Dec 03, 2009 at 08:03 PM |
WASHINGTON – President Barack Obama promised at a White House jobs forum on Thursday to take "every responsible step to accelerate job creation," including some ideas he said could be put into action quickly. He cited an expanded program to help make more U.S. homes energy-efficient as an example. He also mentioned trade measures and possible new tax incentives among ways to stop job losses that are the worst since the 1930s. "This has been a tough year, with a lot of uncertainty," Obama said as he wrapped up the half-day brainstorming session with more than 100 CEOs, academics, small business and union leaders and local officials. "There's no question that it's difficult out there right now," The president said there were some ideas that could be put to work almost immediately and other ideas that will become part of legislation for Congress to consider. He listed "moving forward on an aggressive agenda for energy efficiency and weatherization" as a prime candidate for quick action. |
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