Oil Spill Timeline from RightChange on Vimeo.
Volunteers ready but left out of spill cleanup (AP)
AP - BP and the Obama administration face mounting complaints that they are ignoring foreign offers of equipment and making little use of the fishing boats and volunteers available to help clean up what may now be the biggest spill ever in the Gulf of MexicoJune Job Losses at 125,000, But Jobless Rate Falls to 9.5%
Published: Friday, 2 Jul 2010 | 10:11 AM ET
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By: CNBC.com with Reuters
The US economy lost 125,000 jobs in June, more than economists had forecast, as thousands of temporary census jobs ended and private hiring grew less than expected.
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And though the unemployment rate unexpectedly fell to 9.5% from 9.7%, the lowest in a year, it was largely due to more people dropping out of the labor force.
Jobs Market Barely Budges in June as Hiring Stays Weak
CNBC.Published: Wednesday, 30 Jun 2010 | 10:21 AM ET
Text Size By: Reuters
U.S. private employers added just 13,000 jobs in June, according to a report published Wednesday that suggested expectations of a big drop in the government's upcoming nonfarm payrolls report were on target.
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The ADP Employer Services report also said May's gain was revised marginally higher to 57,000 from the original estimate of 55,000.
That revision was basically the only good news, however, in a report that under-shot expectations of a rise of 60,000 private-sector jobs in June.
USA TODAY
The federal debt will represent 62% of the nation's economy by the end of this year, the highest percentage since just after World War II, according to a long-term budget outlook released today by the non-partisan Congressional Budget Office.
For more detail on the report, check out this post in USA TODAY's The Oval.Jobless Claims Show American Job Machine Sputtering in Recovery
Bloomberg.com By - Jun 30, 2010
Almost a year ago, chief economic strategist Dan Greenhaus of Miller Tabak & Co. told his clients the U.S. economy would recover while jobs would be scarce. It would follow the pattern of the two prior so-called jobless rebounds, with unemployment climbing after the slumps ended.
Dow Loses 10% in Q2; S&P Ends Below 1,040
Published: Wednesday, 30 Jun 2010 | 5:03 PM ET
Text Size By: Cindy Perman
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Stocks ended their worst quarter in over a year with a selloff Wednesday after a disappointing report on private-sector employment in the U.S.
cnbc.comFed Officials Avoid Talk of Further Stimulus to Stoke Growth
By - Jun 30, 2010
Federal Reserve policy makers expressed caution about the outlook for the U.S. recovery and bank lending without backing any new steps by the central bank to stimulate growth.
Atlanta Fed President Dennis Lockhart said today that while the recovery isn’t sustainable enough yet to warrant raising interest rates, he doesn’t see a need for additional asset purchases to aid the economy. Fed Governor Elizabeth Duke said it may take years to return to pre-recession credit levels and that there’s “no single step” to unclog lending markets.
U.S. central bankers are sticking to their 18-month policy of leaving their benchmark interest rate near zero with the European debt crisis sapping investor confidence and U.S. stocks plunging to their lowest close since October. Last week Fed officials renewed a pledge to keep the rate at a record low for an “extended period.”
bloomberg.comFaced With The Blagojevich Scandal, Did Barack Obama Tell The Whole Truth?
Just weeks after President Obama won the 2008 election, the governor of Illinois was charged with trying to sell Obama's old Senate seat. It was an early challenge for the then president-elect, and he responded in a grand gesture of transparency. He asked Greg Craig, his future White House Counsel, to investigate “any staff contacts or communications” with Governor Rod Blagojevich's office. Less than two weeks later, Craig released a public report, which purported to remove any lingering doubt about the President's involvement in the matter. It read in part:
The President-Elect had no contact or communication with Governor Blagojevich or members of his staff about the Senate seat. In various conversations with transition staff and others, the President-Elect expressed his preference that Valerie Jarrett work with him in the White House. He also stated that he would neither stand in her way if she wanted to pursue the Senate seat nor actively seek to have her or any other particular candidate appointed to the vacancy.
Read more: http://swampland.blogs.time.com/2010/06/30/faced-with-the-blagojevich-scandal-did-barack-obama-tell-the-whole-truth/?xid=rss-topstories#ixzz0sNp4bXsL
Former Justice Department Lawyer Accuses Holder of Dropping New Black Panther Case for Racial Reasons
Published June 30, 2010
| FOXNews.com
Attorney General Eric Holder speaks, Friday, June 11, 2010, at the Richard B. Russell Federal Courthouse in Atlanta. (AP)
A former Justice Department attorney who quit his job to protest the Obama administration's handling of the New Black Panther Party voter intimidation case is accusing Attorney General Eric Holder of dropping the charges for racially motivated reasons.
CREW Calls for House Investigation into Obama Staffers’ Use of Personal Email, Meetings with Lobbyists
June 30, 2010 12:44 PM
On Monday good-government group Citizens for Responsibility and Ethics in Washington (CREW) asked a House committee to look into whether the Obama White House violated federal laws regarding electronic records by using private email accounts to communicate with lobbyists and meeting with lobbyists outside the White House.
http://blogs.abcnews.com/politicalpunch/2010/06/crew-calls-for-house-investigation-into-obama-staffers-use-of-personal-email-meetings-with-lobbyists.html
Obama Mocked Commissions, Then Established Four
President Barack Obama stands with the co-chairs of the National Commission on Fiscal Responsibility and Reform, Erskine Bowles, second from right, and Alan Simpson, right, in the Diplomatic Reception Room of the White House in Washington, Thursday, Feb. 18, 2010.
(Credit: AP) President Obama's National Commission on Fiscal Responsibility and Reform is meeting today as part of its efforts to craft recommendations by December on how best to address America's red-ink problem.
Mr. Obama established the commission in February, saying debt and deficits can "hobble our economy" and "saddle every child in America with an intolerable burden."
Yet the president's decision to establish a commission to address a problem he described as potentially catastrophic seems odd in light of his earlier criticism of commissions in general. As Ari Shapiro noted on National Public Radio today, the president mocked the notion of commissions to address problems back when he was a candidate.
cbsnews.combut liberals don,t?
Unemployment has gone down because 650,000
have stopped looking for work.
Why is it no matter what Obama does or doesn't
do he can do no wrong, with some people?
They will say "Well Bush did this or Bush did that" Grow up!
Just about everyone says Ronald Reagan's tax cuts grew the economy.
But some people think Marxism
is the way to grow the economy.No need to write, just post other web sites. Many left leaning.
Mostly saying "where are the jobs, Obama?"
I have to ask, "how is the economy doing, Obama?"
You promised to fix the economy. Not blame it on someone else.
What happened to Iran and your meeting
"at the Presidential level--without preconditions--with the leaders of Iran, North Korea, Syria and Venezuela."
What happened to Gitmo?
If Obama is in favor of Nuclear power why did he stop funding Yucca Mountain?
What happened to "don't ask don't tell"? You're the commander-in-chief.
And why does Obama NOT believe in "American exceptionalism"
Oh, I forgot, it's not his fault. It's always someone else's. The Politico reported:
President Obama will tear into Republicans, specifically calling House Minority Leader John Boehner “out of touch,” in his remarks this afternoon in Racine, Wis.
Obama says he was “stunned” by Boehner’s comments Tuesday comparing Democrats’ financial regulatory reform package in the wake of the economic crisis with attacking an ant with a nuclear weapon.
“That’s right,” Obama said in excerpts released by the White House. “He compared the financial crisis to an ant. The same financial crisis that led to the loss of nearly eight million jobs. The same crisis that cost people their homes and their lives savings.”
“Well if the Republican leader is that out of touch with the struggles facing the American people, he should come here to Racine and ask people if they think the financial crisis was an ant. He should ask the men and women who’ve been out of work for months at a time. He should ask the Americans who send me letters every night that talk about how they’re barely hanging on. These Americans don’t believe the financial crisis was an ant.”
Of course, Boehner was not comparing the crisis to “an ant.” GOP leader Boehner was comparing the democrat’s response to the crisis to nuking an ant. But, since when did the truth matter to Barack Obama?
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