Archive for the ‘Obama Administration’ Category
Unemployment rate falls below 8 percent no comments
President Obama attended a rally at George Mason University
in Fairfax, Va., on Friday. Photo: Brendan Smialowski / AFP / Getty.
The Department of Labor announced on Friday that the official unemployment rate had decreased from 8.1 percent in August to 7.8 percent in September. This is the first time in 44 months that the jobless rate has fallen below the eight-percent (8%) mark.
Obama and Clinton ads aired in Pakistan no comments
Demonstrators tried to attack the U.S. embassy in Islamabad on Thursday, Sept. 20, 2012.
The U.S. embassy in Islamabad has released a series of advertisements showing President Barack Obama and Secretary of State Hillary Clinton condemning the controversial film depicting Prophet Muhammad as a child molester, a womanizer and a ruthless killer in an attempt to placate Muslims in Pakistan. According to the embassy, the ads will be shown on seven Pakistani television stations and will cost the taxpayer $70,000 to air.
Ryan: Obama is China’s doormat no comments
Mitt Romney and Paul Ryan are promising to stop China penalizing U.S. businesses. Photo: Nelson Ching / Bloomberg.
Wisconsin Rep. Paul Ryan has criticized President Obama for letting China use him as a “doormat” and for failing to act to stop Beijing from pursuing an anti-U.S. economic policy.
Romney calls for caution following J.P. Morgan loss no comments
J.P. Morgan Chase announced an unexpected $2 billion loss last Thursday.
Republican presidential candidate Mitt Romney has warned the Obama administration that it should not rush to pass additional legislation following J.P. Morgan Chase’s heavy losses announced earlier on this week. The former governor has already criticized some of the regulations introduced under the president’s watch.
Republicans propose student loan act no comments
The interest rate charged on student loans will double
if Congress fail to act before July 1.
House Republicans have proposed their own bill to extend the low-interest rate which currently applies to government-backed student loans. Unless Congress acts before July 1, when a 2007 authorization is due to elapse, those who hold a student loan will face a 100-percent increase in the interest rate they are charged.
Senate rejects Obama’s “Buffett Rule” no comments
Billionaire investor Warren Buffett and President Barack Obama.
As expected, the Republican-led Senate rejected President Barack Obama‘s “Buffett Rule” which would have significantly increased the tax rate of those earning in excess of $1 million dollar per year. The proposal was named after billionaire investor Warren Buffet, who stated last Summer that he would be happy to pay more taxes.
Obama diverts $500 million to IRS to implement ObamaCare no comments
An article published in The Hill newspaper on Monday reports that the Obama administration will give a total of $500 million to the Internal Revenue Service (IRS) for the implementation of the individual mandate and other provisions of the Patient Protection and Affordable Care Act.
U.S. may let Israel attack Iran no comments
Walter Russell Mead, an expert in U.S. foreign policy, told the Israeli newspaper Haaretz that America may give Israel the green light to attack Iran if the Obama administration is certain the Jewish State can “get the job done”.
Ron Paul could still win Nevada caucus on Saturday no comments
Texas Congressman and Republican presidential candidate Ron Paul believes he will do well in Saturday's Nevada caucus. Photo: AP.
Despite having only four delegates under his belt, Republican presidential candidate Ron Paul is not ready to give up the fight yet. His strategy is simple: to try to collect as many delegates as possible, as opposed to coming in pole position in each of the hard fought contests.
Birth control cover: 12-month extension for some organizations no comments
New rules introduced by the Obama administration will require all employers who offer health insurance to their workers to include free birth control cover.
The Obama administration has agreed to give some religious organizations an additional 12 months to abide by new rules demanding employers who offer health insurance to their workers to include free birth control cover. The extension, which was granted in order to provide some groups extra time to abide by the new rules, will not apply to religious institutions which already offer some forms of contraception.