Obama Archive

President Obama entering the fray

More of the blind leading the blind. The one thing they all agree on, at great expense to global well being, is the budget deficits are all too large and the need for shared sacrifice and all that. No chance for anything constructive to come out of any of this. And these ...Read More

WSJ- Boehner pulls out of debt talks….

As previously discussed, the President is no longer involved, and if Congress does get a bill to his desk he’ll sign it. Grand Bargain Talks Collapse By Carol E Lee and Janet Hook July 22 (WSJ) — A high-stakes effort by President Barack Obama and House Speaker John Boehner to hatch a ...Read More

more from Geithner and Obama

[Skip to the end] Geithner: Tight Lending Threatens US Recovery Dec. 22 (Reuters) —U.S. Treasury Secretary Timothy Geithner expressed confidence on Tuesday that the U.S. economy was on a solid recovery path, but said tight lending practices by banks still pose a risk. He said the Treasury “will do what is necessary” ...Read More

Latest on Obama and Chrysler

[Skip to the end] Not to bore you with this, but it’s a no win situation in that if the secured creditors lose, the entire credit structure becomes uncertain, and if the secured creditors win, the deal breaks down and Obama, an all star law graduate, loses credibility and political power as ...Read More

Chrysler related comments

[Skip to the end] The point remains that the job of the executive branch is to enforce the laws as enacted by Congress. This is not a time of war, Chrysler is not a national security or strategic issue, nor is the US automobile industry. In fact, Chrysler was already largely a ...Read More

Obama’s Chrysler speech

[Skip to the end] First impression: thoroughly depressing at all levels. Particularly the public purpose aspect. Less critical but also highly disturbing are issues like: Looks like a nearly free call for Fiat because Obama believes their technology is critical. Obama: Bankruptcy is ‘path to Chrysler’s revival’ in new partnership with Fiat ...Read More

Obama for or against unions?

[Skip to the end] Didn’t we just hear a speech from our President about the need to strengthen unions? White House to set GM, Chrysler deadlines: report Mar 27 (Reuters) — The Obama administration will set a strict deadline for General Motors Corp and Chrysler LLC to reach cost-cutting deals with creditors ...Read More

Obama on fiscal limits

[Skip to the end] This says it all. And only days after Bernanke explained how government spends by changing numbers in accounts. Obama is either ignorant or subversive: From 60 minutes last night: Obama on 60 minutes Mar 22 (CBS) — KROFT: Is there some limit to the amount of money we ...Read More

Mosler TALF Alternative

[Skip to the end] Compare the TALF concept with my proposal: The Fed can instead offer its member banks credit default insurance to support the Fed’s desire to support the lending it’s trying to support with the TALF. For example: The Fed can offer member banks default insurance on any AAA rated ...Read More

Obama on quality of US securities

[Skip to the end] Obama Says Investors Can Be Fully Confident in US by Kim Chipman and Alan Bjerga Mar 14 (Bloomberg) — President Barack Obama said investors can have “absolute confidence” in Treasury bills as he sought to assuage China’s concern about the safety of its holdings of U.S. debt. “Not ...Read More