Tag Archives: Recession

Unemployed Group Blasts Geithner’s Handling of Economy

Wednesday, August 25, 2010 With reports of new jobless claims unexpectedly soaring to 500,000, UCubed, a group representing unemployed and underemployed American workers, criticized Treasury Secretary Timothy Geithner for his lackluster handling of the economy. Rick Sloan, the group’s acting … Continue reading

Posted in Larry Summers, News, Obama Administration, Recession, Tim Geithner, U.S. Economy | Tagged , , , , , | 12 Comments

From the Left New Year Edition

Friday, January 1, 2010 Happy New Year to everyone! 2009 was a year marked by renewed idealism with the election of President Obama, tempered by the realities a stubborn recession, record unemployment, and a huge setback on gay marriage in … Continue reading

Posted in 2010, Gay Marriage, Healthcare, Homophobes, Midterms, President Barack Obama, Recession | Tagged , , , , , , , , , , | 11 Comments

40 State Unemployment Funds Going ‘absolutely broke’ in Two Years

Tuesday, December 22, 2009 The recession and the jobless recovery is taking its toll on unemployment fund faster than Federal projections. 40 state programs will go broke within two years and need $90 billion in loans from Washington to keep issuing … Continue reading

Posted in Employment, News, President Barack Obama, Recession, U.S. Economy | Tagged , , , , | 3 Comments

Obama’s Approval Takes a Nose Dive

Saturday, December 5, 2009 For the first time, more Americans now disapprove of the job President Obama is doing than approve. According to a new CNN/Opinion Research survey, 48% of Americans approve of the job President Obama is doing and … Continue reading

Posted in News, President Barack Obama, Recession, U.S. Economy | Tagged , , , | 11 Comments

White House to California: Drop Dead

Monday, June 29, 2009 With California’s state government deadlocked over a $24 billion hole in its budget, the Golden State is hurtling toward financial apocalypse. And the response from the Obama White House? Deal with it yourselves. What caused California’s … Continue reading

Posted in California, Gov. Arnold Schwarzenegger, News, Obama Administration, Recession, U.S. Economy | Tagged , , , , , | 14 Comments

Senate Prepares to Loan FDIC $500 billion

Friday, March 6, 2009 Senate Banking Committee is moving to allow the Federal Deposit Insurance Corp. to temporarily borrow as much as $500 billion from the Treasury Department. The move comes in response to urging from FDIC Chairman Sheila Bair, … Continue reading

Posted in News, Recession, U.S. Economy | Tagged , , , | 3 Comments

Obama Projects $1.75 Trillion Budget Deficit

Thursday, February 26, 2009 President Barack Obama is sending Congress a budget Thursday that projects the government’s deficit for this year will soar to $1.75 trillion, reflecting efforts to pull the nation out of a deep recession and a severe … Continue reading

Posted in News, President Barack Obama, Recession, U.S. Economy | Tagged , , , | 6 Comments