Arhive etichete: republicans

AP: Obama says GOP must back US first, create jobs


President Barack Obama used a boisterous Labor Day rally to put congressional Republicans on the spot, challenging them to place the country’s interests above all else and vote to create jobs and put the economy back on a path toward growth. „Show us what you’ve got,” he said. In a partial preview of the jobs […]

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WSJ: Why would anyone want to weaken the economy? The Fed is not playing politics with the economy


    WASHINGTON (MarketWatch) — Texas Gov. Rick Perry got a lot of blowback for his threat to get “ugly” on Federal Reserve Chairman Ben Bernanke, but the Republican presidential front-runner largely got away with his more serious charge that the Fed was “playing politics” with the economy. Perry insinuated that by “printing money,” Bernanke […]

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Worst. Congress. Ever.


  Dana Carvey had a character during his years on Saturday Night Live who was a crotchety old man complaining about how much better everything was „in my day,” the imagined halcyon times of his past. After almost 42 years immersed in the politics of Congress, I have to check myself regularly to avoid falling into the same trap. […]

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AP: House votes for huge deficit-cutting bill


WASHINGTON (AP) — The Republican-controlled House of Representatives passed legislation Tuesday night to cut federal spending by $6 trillion and require congressional approval of a constitutional balanced budget amendment in exchange for raising the federal debt ceiling and averting a threatened government default. The 234-190 vote marked the power of deeply conservative first-term Republicans, and […]

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Financial Times: From Italy to the US, Utopia vs Reality


In the euro zone, the fiscal crisis is lapping on Italy’s shores. In the US, the administration declares it will run out of funding early next month if the debt ceiling is not raised. Far fewer Europeans than Americans believe public sector defaults are beneficial. But important Europeans share with Republicans the view that there […]

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