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 By on November 28th, 2012 GOP divide over Obama tax plan goes public
STORY HIGHLIGHTS
Treasury Secretary Tim Geithner will meet with congressional leaders
Republican Rep. Tom Cole says the House should pass President Obama’s tax plan
Obama is making his case directly to the American people this week
Republicans complain Obama refuses to provide a detailed deficit plan
Washington (CNN) — An angry warning by President Barack Obama delivered well over a year ago foreshadowed his campaign-style approach on Wednesday aimed at pressuring Republicans to compromise and reach a deal to avoid the fiscal cliff.
In remarks at the White House, Obama urged Americans to call, e-mail and tweet their members of Congress to urge immediate passage of his proposal to extend tax cuts for most Americans while allowing rates on the wealthiest 2% to increase to 1990s levels.
“Let’s begin our work with where we agree,” the president said, noting the Senate has passed the measure and that both parties agree on holding down rates for the majority of taxpayers. “If we can get a few House Republicans to agree as well, I’ll sign this bill as soon as the House sends it my way.”
To applause from the White House audience that included those described by organizers as middle-class Americans, the president held up a pen to demonstrate his willingness to sign the law as soon as it reaches his desk.
Meanwhile, a rift among House Republicans on whether to give Obama what the wants became public Wednesday, with two conservatives saying the tax proposal would likely pass if [read more]
By on September 5th, 2011
The Economic Collapse Blog
September 5, 2011
If you still have a good job, you certainly have something to celebrate on Labor Day 2011. So far you have survived the decline of the U.S. economy. But your day may be coming soon.
This weekend, there will be millions of Americans that will not be doing any celebrating. They are not enjoying a break from their jobs because they don’t have any jobs.
In fact, it seems kind of heartless for the rest of us to be celebrating while so many of our countrymen are destitute. What are we celebrating on Labor Day 2011? The lack of jobs in America?
At this point, the U.S. economy closely resembles a gigantic game of musical chairs. Every time the music stops, even more good jobs are pulled out of the game and even more workers are added.
Once upon a time, if you really wanted a job in America you could get one. But now the competition for even the most basic jobs is absolutely brutal. If you gathered together all of the unemployed people in the United States, they would constitute the 68th largest country in the world. It would be a nation larger than Greece.
All of those unemployed people are not going to be taking trips with their families this holiday weekend. Instead, most of them are going to be trying to figure out what to do with their shattered lives.
With the economy in such a [read more]
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