Posts Tagged ‘economy’

Obama Speech to Congress Part 4/6

By: admin
Published: December 22nd, 2009

WASHINGTON – President Barack Obama struck a balance between grim economic reality and a more hopeful outlook on Tuesday to try to reassure worried Americans their country will emerge from crisis “stronger than before.”

Riding high in opinion polls, Obama was careful to include a sober assessment of the economic emergency in his first speech to Congress, seeking to temper expectations that his administration’s rescue efforts would yield quick fixes.

But the politician whose memoir was called “The Audacity of Hope” and who won the White House in last November’s election amid chants of “yes, we can” was also back in stride, telling recession-weary Americans to expect better days ahead.

“While our economy may be weakened and our confidence shaken, though we are living through difficult and uncertain times, tonight I want every American to know this: We will rebuild, we will recover,” Obama said in the televised speech.

“And the United States of America will emerge stronger than before,” he told a chamber packed with lawmakers, cabinet members and invited guests.

The Democratic president also leveled a barrage of indirect criticism at his Republican predecessor George W. Bush for the country’s economic plight and bloated debt, warning that the “day of reckoning” had arrived.

Five weeks after taking office, Obama pressed the case for his economic plans while laying out a broad agenda, including a much-anticipated push for a healthcare overhaul and energy independence, to help build momentum for his young presidency.

The primetime State of the Union-style address to a joint session of the Senate and House of Representatives came against a backdrop of growing anxiety across the country in the face of the worst financial meltdown in decades.

While his public support is strong, Wall Street remains skeptical of his economic remedies.

Jittery investors sent U.S. stocks to a 12-year low on Monday, but the markets rallied on Tuesday on Federal Reserve Chairman Ben Bernanke’s assurances that the country’s troubled banks should be able to weather the downturn without being nationalized.

Trying to show he would make good on his promise of fiscal responsibility, Obama said he had identified $2 trillion in budget cuts over the next decade.

Obama, who rolls out his first budget proposal on Thursday, has vowed to halve the annual deficit by the end of his term.

Duration : 0:9:36

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Bankers On The Hill: Execs Get Grilled By Congress

By: admin
Published: December 19th, 2009

Watch more at http://www.theyoungturks.com

Duration : 0:4:3

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US congress debates financial sector reform – 10 Dec 09

By: admin
Published: December 11th, 2009

Public anger at big banks hit a high point as the 2008 financial crisis reached its apex, but that anger has ebbed in the months since the cautious recovery of the global economy.

At the time, there were widespread calls to regulate financial institutions and protect consumers.

The US Congress is now considering some of those measures, including a proposed Consumer Financial Protection Agency to rein in banks and protect consumers.

Al Jazeera’s senior Washington correspondent Rob Reynolds reports.

Duration : 0:2:29

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“Coach” Van Hollen’s Game Plan for Dems; the Econo-Blame Game; Why Kill Trees

By: admin
Published: November 27th, 2009

Get an exclusive first-look at Whispers in our new digital weekly magazine at http://www.usnews.com/subscribe

Duration : 0:4:2

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Obama Speech to Congress Part 1/6

By: admin
Published: November 21st, 2009

WASHINGTON – President Barack Obama struck a balance between grim economic reality and a more hopeful outlook on Tuesday to try to reassure worried Americans their country will emerge from crisis “stronger than before.”

Riding high in opinion polls, Obama was careful to include a sober assessment of the economic emergency in his first speech to Congress, seeking to temper expectations that his administration’s rescue efforts would yield quick fixes.

But the politician whose memoir was called “The Audacity of Hope” and who won the White House in last November’s election amid chants of “yes, we can” was also back in stride, telling recession-weary Americans to expect better days ahead.

“While our economy may be weakened and our confidence shaken, though we are living through difficult and uncertain times, tonight I want every American to know this: We will rebuild, we will recover,” Obama said in the televised speech.

“And the United States of America will emerge stronger than before,” he told a chamber packed with lawmakers, cabinet members and invited guests.

The Democratic president also leveled a barrage of indirect criticism at his Republican predecessor George W. Bush for the country’s economic plight and bloated debt, warning that the “day of reckoning” had arrived.

Five weeks after taking office, Obama pressed the case for his economic plans while laying out a broad agenda, including a much-anticipated push for a healthcare overhaul and energy independence, to help build momentum for his young presidency.

The primetime State of the Union-style address to a joint session of the Senate and House of Representatives came against a backdrop of growing anxiety across the country in the face of the worst financial meltdown in decades.

While his public support is strong, Wall Street remains skeptical of his economic remedies.

Jittery investors sent U.S. stocks to a 12-year low on Monday, but the markets rallied on Tuesday on Federal Reserve Chairman Ben Bernanke’s assurances that the country’s troubled banks should be able to weather the downturn without being nationalized.

Trying to show he would make good on his promise of fiscal responsibility, Obama said he had identified $2 trillion in budget cuts over the next decade.

Obama, who rolls out his first budget proposal on Thursday, has vowed to halve the annual deficit by the end of his term.

Duration : 0:9:4

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Rep. Van Hollen on Whistleblower Protection

By: admin
Published: November 21st, 2009

Rep. Chris Van Hollen spoke in support of his amendment to the American Recovery and Reinvestment Act. The amendment ensures that federal employees have whistleblower protection so that if they see waste, fraud or abuse, they can report it without fear of retaliation or harm.

Duration : 0:1:4

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