The Obama administration estimates that almost all of the $700 Billion bailout will be recovered from the banks, the auto companies, the insurance company AIG, and mortgage giants Fannie Mae and Freddie Mac. A year ago the administration estimated that the bailout would cost almost $500 Billion. Part of the bailout purchased bank stocks, which [...]
A new BBC poll shows that the rest of the world is viewing the U.S. much more favorably since Barack Obama became president. Under George Bush Russia and China had better positive ratings from the rest of the world than the U.S. Now 40% of those polled had a positive view of the U.S., up from 28% [...]
Obama has been criticized by Republicans for attempting to renew a new nuclear arms treaty with Russia. The new START treaty would limit the number of nuclear warheads to 1,550, a two-thirds reduction from the original START treaty. The number of nuclear missile launchers will be reduced by half. It’s seen by the international community as a break through to stop [...]
The Obama administration set its target for reducing the energy used by the federal government by “28 percent by 2020.” The U.S. government is the largest energy consumer in the United States and this reductions will not only help to reduce the countries contribution to climate change, but will also result in “$8 to $11 [...]
The Obama administration met with the Secular Coalition for America in Washington, DC on Friday February 26. The Secular Coalition for America represents a broad coalition of Atheist, Freethought, and Humanist organizations such as the American Atheists. Dr. Ed Buckner, President of American Atheists, said “We are delighted that we will get the chance to [...]
There have been many indicators that the U.S. is slowly pulling out of the current recession. December 2009 was the first month since December 2007 that more jobs were added to the economy than lost. Unemployment went down last month from 10 to 9.7 percent, and jobs were added in the health, education and professional [...]
The Whitehouse.gov website reports the “nation’s fleet of wind plants grew by 39% last year alone.” The industry was expected to lose approximately 50% of its plants and jobs during the year of 2008. Because of stimulus spending the industry was able avoid a 50% decline. They instead grew the green wind energy sector by [...]
The use of private contractors has surged under the Obama administration. Private military contractors now account for between 22% and 30% of the total U.S. forces in Afghanistan. Military contractors are often paid 4 to 5 times what the U.S. pays its own military, which dramatically increases the cost of the war in Afghanistan and Iraq. [...]
Bill Clinton signed the largest deficit-cutting plan in history saving more than $1 trillion over a seven year period. Bill Clinton’s economic plan passed in August of 1993 was designed to return the country back to fiscal responsibility and balanced budgets. Not one Republican voted to support the balanced budget package in the Senate. The [...]
