Poster’s Note: So you’re going to let this guy make you reschedule on the opening night of the football season at that? Of course we know the corporations and wealthy really run it, but other than that who is really running the country? Sometimes I wonder….
President Barack Obama will deliver an address to Congress outlining his new jobs agenda on Sept. 8 instead of the original date the White House requested on Wednesday.
White House Adviser Dan Pfeiffer announced Wednesday morning that the president requested to speak to a joint session of Congress on Sept. 7, which would have conflicted with a Republican presidential debate planned at the same time. House Speaker John Boehner rejected the request and suggested the president deliver his speech a day later. A Boehner spokesman said Boehner’s office had never been consulted about the president’s plans.
White House Press Secretary Jay Carney announced the change, but challenged Boehner’s claim that Republicans did not know about the original date. (more…)
According to The New York Times, last year General Electric (GE) made over $14.2 billion in profit, but paid NO federal tax. None. In fact, thanks to the millions GE spent lobbying Congress, we American taxpayers actually owed GE $3.2 billion in tax credits.
Now GE is slashing health benefits and retirement benefits for new employees among non-union workers and is expected to push unions to accept similar cutbacks, while its CEO, Jeff Immelt, gets a 100% pay raise.
What’s worse? Immelt now sits as chair of the President’s Council on Jobs and Competitiveness (Jobs Council), representing corporate America to the President on matters like job creation and corporate taxation. That’s a slap in the face to every hardworking, tax-paying American—especially GE employees.
CNN’s Candy Crowley sat down with the AFL-CIO’s Richard Trumka and the National Small Business Association President Todd McCracken to discuss jobs and the economy. Trumka reminded the viewers just who put the economy into the ditch in the first place, that everyone knew the stimulus bill was too small but it was all that could get passed due to the Republican obstruction in the Senate and that there are 400 bills sitting on the doorstep of the Senate that also have not been passed because of Republican obstruction. Most have not even been allowed to come up for a vote. As Trumka notes much of what’s in those bills would be helping our economy now.
Republicans seem determined to take this country into a ditch if it means them winning the mid-term elections. They’d be less likely to be rewarded for it if we had a few more like Trumka on the television not allowing our media to give them a pass for their behavior and having Republicans come on the air day after day and claim that the stimulus failed completely and we just need more tax cuts to revive the economy without being challenged.
Ryan Grim went on MSNBC this afternoon to discuss the Obama administration’s fiscal policy and deficit fears.
Grim appeared to discuss his latest piece, Mayberry Machiavellis: Obama Political Team Handcuffing Recovery, in which he reports on the group of advisers “counseling President Obama to ignore the advice of his economic team and press forward with deficit reduction ahead of job creation.”
Cenk Uygur, guest hosting for Dylan Ratigan, asked Grim why he thought the Obama administration seemed to be adopting a more Republican stance toward the deficit. “It seems like the administration’s political team has bought into the idea that deficit concerns are going to really damage Democrats in the midterm,” Grim said. “That’s the only explanation that I can come up with.” He went on to point that after analyzing the polling data, it’s clear that the American public’s deficit fears don’t translate into a desire for massive cuts of programs like social security, but are merely a “proxy for general anxiety.”
Despite House Passage, Feingold Maintains Opposition to Financial Reform Bill as “Too Weak” in Face of Wall St. Recklessness Democrats may still be one vote short of approving an overhaul of financial regulation with Senator Russ Feingold vowing to vote against the measure again. The House approved the measure this week following over three weeks of conference committee negotiations. We speak to former investment banker turned journalist Nomi Prins, author of several books including “It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street.”
Nomi Prins, former investment banker turned journalist. She worked at Goldman Sachs and Bear Stearns. She is the author of several books including “It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street.