Posts tagged Obamnomics

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PROMISES, PROMISES: Obama’s IOUs start coming due

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1 month ago
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PROMISES, PROMISES: Obama’s IOUs start coming due By CALVIN WOODWARD Associated Press WASHINGTON (AP) — Presidential campaigns are long in the making, quick to be forgotten. But one part of them lives on for years: the victor’s promises. President Barack Obama paved his path to re-election with [...]
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Phil Mickelson says changes coming because of taxes

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4 months ago
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Phil Mickelson says changes coming because of taxes By Kyle Porter | Blogger January 20, 2013 7:32 pm ET Phil Mickelson says changes are coming because of taxes and how they affect his family. Is Lefty considering retiring? He won’t turn 43 until June. Scott Michaux first reported that Mickelson [...]
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Biggest growth story is outside the US

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4 months ago
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Biggest growth story is outside the US By Russ Koesterich With bad news priced in to risk assets, havens look expensive The market had hoped for a “Grand Bargain”. Instead, it got a small, ultimately insufficient fiscal deal. The best to be said of the agreement hammered out on New Year’s eve is [...]
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Fed’s Plosser Says Stimulus May Backfire, Fuel Inflation

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4 months ago
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Fed’s Plosser Says Stimulus May Backfire, Fuel Inflation By Steve Matthews & Caroline Salas Gage – Jan 11, 2013 12:09 PM ET Federal Reserve Bank of Philadelphia President Charles Plosser said the central bank’s record stimulus risks a surge in inflation and may impair efforts by households to [...]
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Why the U.S. Won’t Lose its ‘AAA’ Rating…Yet

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4 months ago
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Why the U.S. Won’t Lose its ‘AAA’ Rating…Yet Published December 21, 2012 Reuters The stalled progress in the Washington budget battle may be rattling markets but the gridlock among policymakers will not move the rating agencies to downgrade the United States – yet. The U.S. credit rating is far [...]
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Lawmakers: We’re Likely to Go Over the ‘Fiscal Cliff’

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4 months ago
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Lawmakers: We’re Likely to Go Over the ‘Fiscal Cliff’ Top U.S. lawmakers voiced rising fear on Sunday that the country would go over “the fiscal cliff” in nine days, triggering harsh spending cuts and tax hikes, and some Republicans charged that was President Barack Obama’s goal. “It’s the first [...]
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Fiscal Cliff solution up to Democrats

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5 months ago
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Fiscal Cliff solution up to Democrats By Russell Berman – 12/20/12 09:51 PM ET Short of votes, House Republicans pulled Speaker John Boehner’s “Plan B” tax bill from the floor late Thursday, testing the Ohio Republican’s hold on his conference and throwing year-end efforts to avoid the fiscal [...]
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Obama, Boehner move closer to ‘cliff’ deal : More debt more taxes

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5 months ago
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Obama, Boehner move closer to ‘cliff’ deal : More debt more taxes  By Lori Montgomery and Paul Kane, Published: December 17 President Obama and House Speaker John A. Boehner moved close to agreement Monday on a plan to avert the year-end “fiscal cliff,” but they had yet to clear several critical [...]
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Any deal on the deficit will hurt North Jersey households and businesses

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5 months ago
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file photo of Village Home Any deal on the deficit will hurt North Jersey households and businesses SATURDAY DECEMBER 8, 2012, 11:51 PM BY JOHN REITMEYER, KATHLEEN LYNN AND DAVE SHEINGOLD STAFF WRITERS THE RECORD A payroll tax hike looms. Unemployment benefits could be cut. Medicare and Social [...]
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IRS finalizes new tax for medical devices in healthcare law

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5 months ago
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IRS finalizes new tax for medical devices in healthcare law WASHINGTON | Wed Dec 5, 2012 5:18pm EST (Reuters) – The U.S. Internal Revenue Service on Wednesday released final rules for a new tax on medical devices, products ranging from surgical sutures to knee replacement implants, that starts [...]
barack_obama_progress_theridgewoodblog.net

IRS aims to Clarify Obamacare Surtax

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5 months ago
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IRS aims to Clarify Obamacare Surtax WASHINGTON | Mon Dec 3, 2012 6:14pm EST (Reuters) – The Internal Revenue Service has released new rules for investment income taxes on capital gains and dividends earned by high-income individuals that passed Congress as part of the 2010 healthcare reform [...]
Tim_Geithner_theridgewoodblog.net

Nothing but Tax Increases , no Spending cuts offered

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5 months ago
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Nothing but Tax Increases , no Spending cuts offered McConnell ‘Burst Into Laughter’ as Geithner Outlined Obama’s Plan 6:14 PM, NOV 29, 2012 • BY FRED BARNES Mitch McConnell, the Senate Republican leader, says he “burst into laughter” Thursday when Treasury Secretary Tim Geithner outlined the [...]
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U.S. Birth Rate Hits Record Low

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5 months ago
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U.S. Birth Rate Hits Record Low Decline Greatest Among Immigrants. Recession a Likely Factor, Report Says By Stephanie Czekalinski Updated: November 29, 2012 | 4:05 p.m. November 29, 2012 | 2:09 p.m. The U.S. birth rate dropped to its lowest level since the beginning of the Great Depression, led [...]
barack_obama_progress_theridgewoodblog.net

Obama faces huge challenge in setting up health insurance exchanges

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5 months ago
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Obama faces huge challenge in setting up health insurance exchanges By Elise Viebeck – 11/25/12 02:45 PM ET The Obama administration faces major logistical and financial challenges in creating health insurance exchanges for states that have declined to set up their own systems. The exchanges were [...]
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Why Is The Latino Poverty Rate So High?

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5 months ago
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Why Is The Latino Poverty Rate So High? Rachel Sheffield November 24, 2012 at 10:00 am It has been reported recently that the poverty rate among Latinos has reached 28 percent. The number, based on a new poverty measure by the Obama Administration, should be interpreted with caution, as explained [...]
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Examiner Editorial: If top 5% paid 40% of taxes, what is their ‘fair’ share?

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5 months ago
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Examiner Editorial: If top 5% paid 40% of taxes, what is their ‘fair’ share? November 22, 2012 | 8:00 pm Riding a wave of confidence after his re-election victory, President Obama is eager to collect scalps from the class war he appears to have won. Americans, Obama said in his postelection news [...]
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What does Wall Street know that Washington lawmakers fail to see?

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6 months ago
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Big Charts.com What does Wall Street know that Washington lawmakers fail to see? By Erik Wasson and Bernie Becker – 11/19/12 08:23 PM ET Wall Street is signaling confidence that lawmakers will strike a deal to avoid the “fiscal cliff,” baffling Washington insiders, who see less reason for [...]
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