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Middle class in the U.S. can mean something very different depending on where you call your home state.
Census bureau numbers show a shocking disparity in the definition of ‘middle income’ – with Maryland boasting an average of $67,469 and Mississippi posting an appallingly low $39,078, a difference of $28,391.
Debate over the definition of middle class comes after President Obama’s State of the Union address this week. He detailed his plan [...]
From Bloomberg:
Election campaigns are about promises: the more grandiose, the better.
Who can forget President Barack Obama’s June 2008 speech, telling a rapt audience that future generations would look back at his victory in the Democratic primaries as “the moment when the rise of the oceans began to slow, and our planet began to heal”?
If only he had substituted “deficit” for “oceans.”
Candidates love to promise the moon — at minimum, a [...]
The Republican side of the Senate Budget Committee will later today release the following chart, detailing the rising projected cost of President Obama’s signature legislation, Obamacare: The latest estimate, as the chart details, is that Obamacare will cost $2.6 trillion dollars in its first real decade. The bill does not fully go into effect until 2014, therefore the estimate begins with that year. “President Obama promised a joint session of [...]
About 37.75 million viewers watched President Obama’s 2012 State of the Union address, which featured a farewell appearance by Rep. Gabrielle Giffords and aired live across 14 broadcast and cable networks. That was down 12% from last year’s speech, which was watched by 42.79 million people and down 21% from Obama’s first State of the Union in 2010 (48 million). Like his approval ratings, Obama’s TV ratings have been sliding [...]
By Stephen Dinan
The White House told Congress on Monday that its budget will be late this year, meaning President Obama once again will miss the deadline set in law.
Congressional officials said the president now will send up his budget on Feb. 13, which is a week later than the usual date. The law requires the budget be sent by the first Monday in February.
Late budgets are common in the first year [...]
House Republicans have called Secretary of State Hillary Clinton to testify as early as next week on the Obama administration’s decision to reject the Keystone XL pipeline.
Energy and Commerce Committee Chairman Fred Upton formally sent a request to Clinton to come and testify at a hearing as early as next Wednesday, the day after President Barack Obama gives his State of the Union address before a joint session of Congress.
Upton is required to give members of [...]
DES MOINES — Talking about race in American politics is uncomfortable and awkward. But it has to be said: There has been a racist undertone to many of the Republican attacks leveled against President Obama for the last three years, and in this dawning presidential campaign.
You can detect this undertone in the level of disrespect for this president that would be unthinkable were he not an African-American. Some earlier examples [...]
Remember when Barack Obama addressed a joint session of Congress to introduce his American Jobs Act, exhorting them on national television to “pass this bill immediately”? Obama used that phrase in various forms 17 times despite the fact that he didn’t actually have a bill to present to Congress until a week later. And as far as all but two members of Congress are concerned, [...]
By Stephen Dinan – The Washington Times
** FILE ** President Obama delivers a speech to a joint session of Congress at the Capitol in Washington on Thursday, Sept. 8, 2011. (AP Photo/Kevin Lamarque, Pool)
President Obama on Monday will propose a deficit plan that calls for about three dollars in new tax increases for every dollar in additional spending cuts as he seeks to [...]
LA Times
Everybody remembers the urgency of President Obama’s attitude toward the awful jobs situation.
Back in early August, Obama said the jobs situation was so urgent that he was going to give another speech about it — in a month or so, in September after his vacation on Martha’s Vineyard.
And then in September the president announced he would give his major jobs speech to a joint session of [...]
President Barack Obama plans to send the text of his jobs bill to Congress on Monday night, a White House official said Sunday.
At a Rose Garden ceremony Monday, the president plans to announce that he will send the American Jobs Act to Congress at the end of the day, after both houses come back into session.
“He will call on Congress to pass the bill, which [...]
The Ticker:
The White House really wants you to know that the $447 billion jobs plan that President Obama outlined in a speech to a joint session of Congress Thursday night has support–that is, from unions, liberal groups and other Democrats.
The White House Press Office sent nearly 50 e-mails to reporters overnight with statements of support from the president’s allies, including The International Brotherhood of Teamsters, Democratic lawmakers, [...]
LA Times
Speaking on behalf of millions of Americans who’ve grown angry and frustrated over the president’s 32-month ineffective inactivity on the job creation front, President Obama on Thursday told members of Congress they really have to do something about the crummy employment situation — and do it quickly.
Citing the plight of millions of struggling Americans whose wishes for jobs Obama ignored for most of the [...]
Pass this jobs bill, and we can put people to work. Pass this jobs bill, and thousands of teachers in every state will go back to work. Pass this job bill, and we’ll cure cancer, sprout wings, and fly.
OK, that last quote wasn’t really Obama’s. But the first two promises—and many more poll-tested pledges—adorned his address to a joint session of Congress [...]
Earlier today we observed that absent immediate action by the House and Senate to enact the critical $500 billion debt ceiling expansion, the US would run out of Keynesian dry powder as soon as Monday. There is no longer a need to worry. According to the Hill, an attempt to sabotage the bankruptcy of America has failed after a Senate resolution to disapprove the $500 [...]
http://www.bloomberg.com/news/2011-0…memo-says.html
President Barack Obama will propose cutting payroll taxes for small businesses as part of a more than $300 billion plan to re-ignite the economy and spur hiring, according to an administration memo obtained by Bloomberg News.
The business tax cut will be part of a package of measures Obama will lay out in a speech to Congress tonight, along with assistance for the long-term unemployed, spending [...]
US News
Two new polls today find that just one third of the public feels President Obama deserves re-election while five times more Americans think Obama has done a worse job fixing the economy than Jimmy Carter, the modern era’s Herbert Hoover.
Washington Whispers contributor John Zogby tells us that his new polling is spirit-crushing for the depressed White House. “It was a very [...]
Several Senate and House Republicans are planning to skip President Obama’s address to a joint session of Congress Thursday night, in part because they don’t believe the jobs proposal he will unveil offers anything new.
But Senate Majority Leader Harry Reid, D-Nev., has found a way to keep those pesky Republicans in the building, or at least in his chamber.
Reid on Thursday scheduled a vote immediately [...]
The teleprompter script for tonight’s speech by President Barack Obama is still a secret, but the White House’s script for spinning reporters, bloggers, and their audiences has been leaked to The Daily Caller.
White House officials distributed a set of talking points early Thursday to guide Democratic legislators and advocacy groups who will be filling up the airwaves, Internet message boards and printing presses before [...]
House Democratic leaders are calling on President Obama to forget about trying to persuade Republican lawmakers to back the party’s job message.
The pleas come from some Democrats who were frustrated with the president’s agreement on the debt-limit debate earlier this summer, and are looking to change the political dynamic on both ends of Pennsylvania Avenue.
With Obama poised to address a joint session of Congress [...]
by ZH
In a move that will surprise exactly nobody, the Senate Budget Committee ranking member Jeff Sessions has signaled that “Republicans would oppose the jobs plan President Obama is expected to announce Thursday, saying it would only put the United States further in debt at a time when the debt is already weighing on the economy.” So while nobody even knows yet just what the full [...]
When President Obama delivers his address on a new job-creation plan to a joint session of Congress on Thursday, he won’t be speaking to a sold-out crowd. Several lawmakers are still determining whether it is worth their time to stay in Washington to hear the president, and some are already planning to skip it.
Republican Rep. Paul Broun of Georgia is the latest to announce that [...]
Public pessimism about the direction of the country has jumped to its highest level in nearly three years, erasing the sense of hope that followed President Obama’s inauguration and pushing his approval ratings to a record low, according to a new Washington Post-ABC News poll.
More than 60 percent of those surveyed say they disapprove of the way the president is handling the economy and, what has [...]
Rep. Nancy Pelosi (D-Calif.) and House Democrats have dropped the word “stimulus” from their vocabulary.
Though the House minority leader and her caucus are still pushing an economic stimulus agenda to save the economy, they’ve radically changed their rhetoric with the hope of winning over voters who saw “stimulus” as close to a dirty word.
Democrats are now being careful to frame their job-creation agenda in language [...]
Every re-election race — from city council to president — ultimately comes down to a simple question: Are you better off than you were (fill-in-the-blank) years ago?
To win, the incumbent has to convince a majority of voters that the answer to that question is “yes” (or that it will be “yes” in the not-too-distant future).
…according to new polling conducted by the Washington Post/ABC News, nearly [...]
When Barack Obama unveils his jobs and economic plan to a joint session of Congress on Thursday, he’ll do so at the lowest point of his presidency, according to a new NBC News/Wall Street Journal poll.
After the bruising debt-ceiling fight — as well as Standard & Poor’s subsequent downgrade of the nation’s credit rating — Obama’s job approval rating has sunk to a low of [...]
September 7: The German Federal Constitutional Court is set to rule whether of recent bond purchasing actions by the European Central Bank are in violation of euro zone rules. If the bailouts are determined to be illegal, this has the potential to seal the fate of the monetary union.
September 8: Two important speeches come on Thursday. The most notable of the [...]
In agreeing Wednesday to reschedule his planned address to a joint session of Congress, President Obama might have placated House Speaker John Boehner at the expense of the nation’s football fans.
Boehner, R-Ohio, balked at the president’s original request to appear before Congress to discuss the nation’s chronic unemployment problem on Wednesday, Sept. 7. That’s the same day as a Republican presidential debate in Simi [...]
By GLENN THRUSH & JONATHAN ALLEN
A presidential address to a joint session of Congress is usually one of Washington’s more dignified and predictable events — but President Barack Obama’s request to deliver a Sept. 7 speech quickly devolved into just another partisan pie fight.
Oval Office requests for a prime-time slot in the well of the House — whatever the motivation, topic or tenor of the times — [...]
In his State of the Union address on Jan. 25, 2011, President Barack Obama suggested that the economy is in recovery mode.
“We are poised for progress,” the president told a joint session of Congress. “Two years after the worst recession most of us have ever known, the stock market has come roaring back. Corporate profits are up. The economy is growing again.”
We decided to see if corporate [...]
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