Loading ...
The state of Arizona has stirred up a lot of controversy this week about immigration law. Their Republican Governor, Jan Brewer, signed into law, legislation allowing police to arrest anyone believed to be an illegal immigrant. President Obama as well as Mexico’s President Calderon, were very upset about the actions the state has taken. (more…)
Yesterday, President Barack Obama made a bold move by announcing that he will allow oil speculation off the coast of the United States. This came as a huge shock considering how much opposition his administration has been getting from the Republican party. Many are saying that this move, although out of character for an environmentally aware President, has been done strategically to pave the way for other legislation he is trying to push through. (more…)
President Obama’s administration plans to make some adjustments to his $75 billion mortgage program to account for the expected growth in foreclosures. They are predicting that over the next five years, there will be millions of foreclosures due to a poor economy and high unemployment rates. They expect the revisions will push the Home Affordable Modification Program to reach its target of helping 3 million to 4 million homeowners avoid foreclosure through 2012. (more…)
Earlier today, President Barack Obama signed into law, his new health reform bill. The basis for this reform is to guarantee basic healthcare coverage for all. This controversial bill has made Republicans livid, causing them to make threats to repeal the law or take the issue to the supreme court. Due to the amount of Democrats backing the President, the Republicans were unable to kill it during the vote late Sunday. (more…)
This past Saturday, a pregnant woman working for the US consulate, was murdered along with her husband in Mexico. President Barack Obama expressed outrage against Mexican leaders today, for allowing Americans to be murdered because of their country’s drug wars. Mexican President Felipe Calderon promised a swift investigation for the killings that took place in Ciudad Juarez. There is speculation that these murders were in retaliation to the recent extradition of several Mexican drug barons to America. (more…)
From a recent interview with British media company BBC, Karl Rove said that he was “proud” of the harsh interrogation techniques used during the “War on Terror.” Former presidential adviser Rove does not believe that the act of waterboarding someone amounts to torture. The reason he accepted the interview, was to publicize his new book “Courage and Consequence,” which is a memoir based on his time working with former president Bush. (more…)
As a measure to raise money, President Obama passed a new law designed to boost the dwindling numbers of foreign tourists. He believes that by charging a $10 fee on top of the ESTA (Electronic Scheme for Travel Authorization) application will somehow raise our declining tourism numbers. If you have to read that line again, it’s not wrong. (more…)
When China first found out that Obama had planned to meet with the Dalai-Lama, they were very upset. China issued a warning to the President, insisting they would prefer the meeting not take place. Yesterday, President Barack Obama goes to the meeting with the Dalai Lama, disregarding China’s reactions, and possibly adding more strain to our country’s relationship. (more…)
The Democratic party was had to deal with some tough news today. Indiana Senator Evan Bayh has announced that he plans to retire and not seek reelection to a third term in the November 2, 2010 midterm election. The reason… He is unhappy with the way things are in congress and Washington D.C. This bad news follows last months blow, when Senators Chris Dodd and Byron Dorgan decided not to seek reelection (more…)
Yesterday was the weakest endorsement of a chairman in the central bank’s history. Although many people were unsure of his secondary term, he proved them wrong when the Senate endorsed his second term with a 70-30 vote. Ben Bernanke will play a pivotal role in bringing our economy back from the brink of failure. (more…)
Earlier today, the stock market dived 200 points due to concerns about Obama’s fight with the banks. For the last year, we’ve been hearing threats of reform and regulation coming to the financial sector. I guess the investors and bank executives didn’t care about the threats because the stock price continued to rise and as well the bonuses for the big wigs. I guess it’s time to put up or shut up for the president and he surely showed his power today when he said in public “if these folks want a fight, it’s a fight I’m ready to have.” (more…)
Follow Us