J.P. Morgan loss shows Wall Street’s need for rules passed by Congress, Obama says

WASHINGTON –  President Barack Obama states JPMorgan Chase’s $2 billion loss in high-risk trading demonstrates the need for the Wall Street rules that Congress passed two years ago. Many of the rules are still being written and have not taken effect. Obama states the bank’s loss also illustrates the sharp differences between his view of government and that of Republican challenger Mitt Romney, who has called for less stringent regulations than those contained in the new law. Obama made his ...

Submited at Tuesday, May 15th, 2012 at 12:59 am by Alina

Obama, touting gay marriage stance, calls for repeal of Defense of Marriage Act

President Obama openly spoke of repealing the Defense of Marriage Act at a fundraiser Monday, as he defended his personal view that gay couples should have the right to marry. While his administration has put out statements on the idea of repealing the 1996 federal law defining marriage as between a man and a woman, it’s uncommon for Obama to call for its repeal. He did so Monday as one of a list of policy goals for what he hopes ...

Submited at Monday, May 14th, 2012 at 10:59 pm by jessica

Obama Attacks on Romney Business Record Come With Risks

“It was like a vampire. They came in and sucked the life out of us.” Jack Cobb, formerly a worker at GST Steel, speaking about Bain Capital in a new campaign ad for President Obama. The 2minute ad, running in Florida, Missouri, Iowa, Nevada and North Carolina, tells the story of the unionized steel mill that Bain, under Romney’s leadership, failed to turn around but still profited from. President Obama finds himself in the same place, at the same time ...

Submited at Monday, May 14th, 2012 at 2:59 pm by hilman

Newsweek calls Obama ‘The First Gay President’ on cover

WASHINGTON –  Following President Barack Obama’s public announcement backing gay marriage last week, Newsweek magazine has featured him on its front cover with the headline, “The First Gay President.” With Obama’s face pictured looking skyward and a rainbow-colored halo above his head, the controversial cover leads to a story written by gay writer Andrew Sullivan — a self-described political conservative — who analyzes the president’s backing of gay marriage. Obama stated Wednesday he supported gay marriage, reversing his position on ...

Submited at Monday, May 14th, 2012 at 6:59 am by Gillan

Internet bowled over by Obama email hoax

A picture of the “Obama bowl” featuring Barack Obama’s face at the end of each lane with the pins as his teeth has been revealed as a fake. Picture: FunnyObamas.com Source: Supplied Have you gotten an email with a photograph of bowling lanes with President Barack Obama’s face at the end, where the pins are set up to look like his teeth? It was supposedly taken at a bowling alley in Clearwater, Florida in the US and it shows the ...

Submited at Saturday, January 28th, 2012 at 7:00 am by jessica

Obama to Issue Order Cutting Down on Promotional Goodies

President Barack Obama is coming out against swag. That’s swag, as in the coffee mugs, pens, T-shirts and other public relations articles that federal government agencies buy with taxpayer money to promote their work. The swag ban is part of an executive order the president will sign on Wednesday to cut waste and make government more efficient. Obama has been using his executive powers on modest proposals to promote job creation, assist home owners and consumers, or alleviate spending.

Submited at Wednesday, November 9th, 2011 at 3:00 pm by sofia

Can Obama Do Stimulus by Decree?

Can Obama Do Stimulus by Decree?; Iran on a Roll Obama Campaign Rolls Out Next Phase of Jobs Pitch “The only way we can truly attack our economic challenges is with bold, bipartisan action in Congress. The president will continue to pressure Congressional Republicans to put country before party and pass the American Jobs Act, but he believes we can’t wait, so he will act where they won’t.” – White House Communications Director Dan Pfeiffer speaking to the New York ...

Submited at Monday, October 24th, 2011 at 2:00 pm by ethan

Obama: Qaddafi, Iraq Show Renewed U.S. Leadership

President Obama states the death of Libya’s Muammar Qaddafi and the end of the Iraq war are powerful reminders of America’s renewed leadership in the world. At the same time, Obama stated Saturday that the U.S. now must tackle its “greatest challenge as a nation” — rebuilding a weak economy and creating jobs — with the “same urgency and unity that our troops brought to their fight.” Obama informed the nation on Friday that the long and pricey war in ...

Submited at Saturday, October 22nd, 2011 at 2:00 pm by hilman

Obama Jobs Council Calls for Sweeping Changes in Federal Policies

Decrying the human toll of the nation’s economic and financial crisis, a group of corporate and labor leaders advising President Obama is calling for sweeping and urgent changes in government policies, from liberalized immigration and less restrictive regulations to a more business friendly tax system and greater spending on infrastructure. In tackling the nation’s economic crisis and its stubborn 9.1 percent unemployment rate, the president’s Council on Jobs and Competitiveness is putting the names of some of the country’s top ...

Submited at Tuesday, October 11th, 2011 at 2:00 pm by robert

Baptist Pastor Defends ‘Cult’ Description of Mormonism, Still Backs Romney Over Obama

The pastor of a Baptist church who suggested Mitt Romney’s Mormon faith is a “cult” on Sunday defended his description of the religion, but stated he had still pick the former Massachusetts governor to be in the White House over the current Christian occupant, President Obama. Robert Jeffress, a senior pastor at First Baptist Church in Dallas, ignited a new fire over Romney’s religion — a hot topic in the 2008 Republican primary race — when he attended the Values ...

Submited at Sunday, October 9th, 2011 at 2:00 pm by chuck