When the GOP asked the American people, through a website, for ideas, one that drew great deal of interest is ending tax breaks for companies that ship jobs overseas. But when the administration closed one of the most egregious loopholes for companies creating jobs overseas, Republicans were almost unanimously opposed. Rather than offering a path to a better future, their plan is an echo of a disastrous decade the country cannot afford to relive.
Long before this crisis hit, she had written eloquently, passionately, forcefully, about the growing financial pressures on working families and the need to put in place stronger consumer protections. And three years ago she came up with an idea for a new independent agency that would have one simple overriding mission: standing up for consumers and middle-class families.
LiberalOC friend Morgan McKean was inspired by the social media efforts of President Barack Obama and became immersed in the world of Twitter, Facebook, LindedIn, YouTube and blogging.Â Morgan is now a part of a new reality show on MSN called the Tastemaker and we’re writing this post to ask you to take a minute…
Today, the President will speaking in the Cleveland, Ohio about his vision for the future of the American economy and about specific ways to move our economy forward. This morning White House Communications Director Dan Pfeiffer laid out the stakes on the economy ahead of the President’s remarks in Cleveland this afternoon.
In this weekâ€™s address, the President urged Republican leaders in Congress to end their obstruction of a bipartisan bill that will reduce the influence wielded by corporations and foreign entities. The President vowed to continue the fight for reform and transparency, and said elected officials who benefit from corporate or foreign-funded ads should either defend the ads or join the bipartisan effort to stop them.
“Jumpstarting job creation in the private sector and fostering a climate that encourages businesses to hire again is vitally important â€“ and Iâ€™ll continue working hard to make sure that happens. But my responsibility as President isnâ€™t just to help our economy rebound from this recession â€“ itâ€™s to make sure an economic crisis like the one that helped trigger this recession never happens again.”
As the auto industry and financial markets begin to stabilize, the President says the governmentâ€™s emergency interventions are now winding down. He pledges that real reform, particularly on Wall Street, must now begin. General Motors announced that it has repaid its loan to taxpayers with interest five years ahead of schedule, and Chrysler Financial has already fully repaid with interest its loan as well.