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Tag Archive: economy


Jindal takes on Obama at White House

AP

AP

Gov. Bobby Jindal is defending his harsh criticism of President Barack Obama within yards of the Oval Office, saying “in America we don’t have a king.”

The Republican was criticized by a Democratic governor Monday after Jindal emerged with others from a meeting with Obama and said the president “seems to be waving the white flag of surrender” on the economy.
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AP

The White House “fiscal cliff” meeting between President Barack Obama and House Speaker John Boehner has ended with no immediate indication of progress from either side.

The two leaders met at the White House Thursday night for about an hour. They made no public comments following the sit-down, their second face-to-face meeting of the week.
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AP

A scratchy-voiced President Barack Obama powered through a sleepless drive to get his supporters to vote Thursday and planned to set an example by becoming the first president to cast his own ballot ahead of time.

With a new Associated Press-GfK poll showing that Republican Mitt Romney has erased Obama’s 16-point advantage among women, the president tried to keep a GOP abortion controversy alive. The risers behind him stacked with female supporters, Obama made a veiled reference to Indiana Senate candidate Richard Mourdock’s comment that pregnancies resulting from rape are “something God intended.”
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AP

President Barack Obama is confidently predicting speedy second-term agreement with Republicans to reduce federal deficits and overhaul immigration laws, commenting before setting out Wednesday on a 40-hour campaign marathon through battleground states that could decide whether he’ll get the chance. Republican Mitt Romney looked to the Midwest for a breakthrough in a close race shadowed by a weak economy.
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AP

His re-election in doubt, President Barack Obama conceded only halting progress Thursday night toward fixing the nation’s stubborn economic woes but vowed in a Democratic National Convention finale, “Our problems can be solved, our challenges can be met.”

“Yes, our path is harder – but it leads to a better place,” he declared in a prime-time speech to convention delegates and the nation, blending resolve about rescuing the nation from near economic catastrophe with stinging criticism of Republican rival Mitt Romney’s own proposals.
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AP

Seeking to reset his economic message, Republican Mitt Romney pledged Thursday to create 3 million jobs and more than $1 trillion in revenue by ramping up offshore oil drilling and giving states more control over energy production on federal land.

Romney, reviving a long-elusive goal pushed by presidents and presidential candidates for decades, said his plans would make the U.S., along with Canada and Mexico, energy independent by 2020.

“This is not some pie in the sky kind of thing,” Romney told voters in Hobbs, the heart of New Mexico’s oil and gas industry. “This is a real achievable objective.”
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AP

More Americans will hit the road this holiday weekend than a year ago. And they’ll have a bit more money to spend thanks to lower gas prices.

Memorial Day kicks off the summer travel season, and since pump prices never reached $4 or $5 a gallon, as feared, economists says travelers are likely to dine out or shop more once they pull off the road.
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AP

President Barack Obama and other leaders of the Group of Eight industrial nations expressed hope Saturday that Greece will remain in the Eurozone, anxious to keep its economic troubles from spreading around the world. The leaders said all of the nations have an interest in the success of efforts to strengthen the eurozone and help Europe’s economy grow.

Obama said the leaders agreed that Europe’s financial crisis must be addressed with a mix of growth and austerity measures, as they huddled for a shirt-sleeve discussion that also covered world concerns about ups and downs in oil prices.
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AP

Republican presidential candidate Mitt Romney on Tuesday painted President Barack Obama as a reckless steward of the country’s economy and, as proof, pointed to “a financial crisis of debt and spending that threatens what it means to be an American.”

The likely Republican nominee offered a far-reaching indictment of Obama’s tenure and portrayed himself as a beacon of fiscal responsibility with the public and private sector experience to prove it.
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