Tag Archives: Economic Recovery
President Signs Hiring Incentives to Restore Employment (HIRE) Act
04/26/2010 Measure Will Provide Tax Credits For Hiring Unemployed Workers On March 18, President Barack obama signed into law the Hiring Incentives to Restore Employment (HIRE) Act. The bill contains approximately $17.6 billion in tax credits to stimulate employment and contributes about $20 billion toward highway and transit infrastructure programs. The President stated that while … Continue reading
U.s. in Store for Trillion-dollar Deficits, Says President-elect Barack Obama
Herbert/AP President-elect Barack Obama speaks to reporters after a meeting with his top economic advisers Tuesday. WASHINGTON-President-elect Barack Obama forecast trillion-dollar deficits for “years to come” on Tuesday,arguing that the government has no choice but busting the federalbudget to rescue a precarious economy. “We’re already looking at a trillion-dollar budget deficit or closeto a trillion-dollar … Continue reading
How can Obama argue with a straight face that health care reform is essential to economic recovery?
Using better-than-expected jobs numbers to press his top domestic priority, President Barack Obama is arguing that overhauling the health care system is essential to the country’s economic well-being. Republicans countered that the high unemployment rate — 9.4 percent in July — shows how families and businesses are struggling and that obama‘s reliance on a large … Continue reading