Entries from » 2011 » August

People still love me! Obama: My low approval ratings reflect public unhappiness with… Congress

From RedWhiteBlueNews.com: Barack Obama told CBS yesterday that his low approval numbers are a result of weather…Europe… an earthquake… bad luck… the tea party… the internet… public unhappiness with Congress. President Barack Obama prepares to putt while playing golf as a photographer, left, looks on at the Vineyard Golf Club, in Edgartown, Mass., on the island of Martha’s Vineyard, Sunday, [...]

Obama Agriculture Secretary: Food Stamps Create Jobs

From CNS News: Agriculture Secretary Tom Vilsack repeated the White House claim that food stamps and other forms of government welfare are stimulus programs in disguise, stating that when government gives out money, it is creating jobs. “But I should point out that when you talk about the SNAP program or the food stamp program, [...]

United States loses prized AAA credit rating from S&P

From Reuters.com: The United States lost its top-tier AAA credit rating from Standard & Poor’s on Friday in an unprecedented blow to the world’s largest economyin the wake of a political battle that took the country to the brink of default. S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about [...]

U.S. eats up most of debt limit in one day

From The Washington Times: U.S. debt shot up $239 billion on Tuesday — the largest one-day bump in history — as the government flexed the new borrowing room it earned in this week’s debt-limit increase deal. The debt subject to the statutory limit shot way past the old cap of $14.294 trillion to hit $14.532 [...]