Posts Tagged “AIG”

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Thank you all for being here and for your warm welcome. It’s a privilege to be in historic Federal Hall. It was here more than two centuries ago that our first Congress served and our first President was inaugurated. It was here, in the early days of our Republic, that Hamilton and Jefferson debated how best to administer a young economy and to ensure that our nation rewarded the talents and drive of its people. Two centuries later, we still grapple with these questions – questions made more acute in moments of crisis.
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The Latest from Iran (23 June): Preparing for Thursday

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Two Iran-related clips from today’s Presidential press conference, which we live-blogged earlier — 1) Obama’s opening statement and, on the jump page, 2) Obama’s response to a set-up question from Nico Putney of The Huffington Post — followed by the full transcript of the conference.:

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Via Media Matters:

Our favourite delusional paranoid and/or talk-show shyster, Glenn Beck, reworks the poem about the Jews, leaping from the AIG financial services group to the auto industry, to prove that Obama/Hitler is “coming after you”:


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Days after their meetings with US officials, including President Obama, Pakistani President Asif Ali Zardari and Afghan President Hamid Karzai went through individual examinations on NBC’s Meet the Press, hosted by David Gregory. We’ll have analysis on Monday.

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DAVID GREGORY: First, the presidents of Pakistan and Afghanistan.  I sat down with both leaders earlier this week after their White House meetings.  Pakistan’s President Zardari, in office for the last eight months, is the widower of slain Prime Minister Benazir Bhutto.  I began by asking about the Taliban and whether he agrees with the Obama administration that the group represents an existential threat to his country.

MR. ASIF ALI ZARDARI:  No, I consider the philosophy of Taliban as threat to the world, not just to Pakistan and your country, but I feel it’s a larger threat.
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See Also: John Matlin on “Obama and the US Economy”

“If the Washington press corps successfully links Obama with the privileged in American society and nails him as unable to curb the worst excesses of Wall Street, his Presidency may descend into the disaster that few predicted and fewer, except died-in-the-wool Republicans, wanted.”

CNN Summary: “Obama defends his budget as essential to recovery”

PRESIDENT OBAMA: Hello, everybody. Please have a seat.

Good evening. Now, before I take questions from the correspondents, I want to give everyone who’s watching tonight an update on the steps we’re taking to move this economy from recession to recovery, and ultimately to prosperity.
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obama-nyt2In mid-1960s Britain, the New Christy Minstrels had a huge hit with “Three Wheels on My Wagon”, a song about a US pioneer family attacked by Cherokee Indians. As each verse begins, another wheel on the wagon goes missing. By the last verse, all the wheels are off the wagon, which is forced to stop. Regardless, the pioneers face death while “still singing a happy song”.

What if one substituted the Obama family for the pioneers and the Washington press corps for the Cherokees? Last week was a public relations disaster for Obama. The faux pas on the Tonight Show with Jay Leno about bowling and Special Olympians might appear small beer, even if it raises the uncomfortable question: could it be that Obama has a discriminatory bone in his body?

More significant is the furour over the bonuses for executives at the troubled financial company AIG.
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Frustratingly, CBS News has not yet posted a transcript of last night’s broadcast interview with President Obama. However, it has posted a lengthy summary, which we’ve posted below the two-part video. Unsurprisingly, the discussion was dominated by the US economy; however, in the second half (before puff-piece questioning about Obama’s daily routine, life in the White House, etc.), the conversation moved to Afghanistan. We’ll have more on that later today, but you might also enjoy the President’s point-scoring against former Vice President Dick Cheney:

OBAMA INTERVIEW, PART ONE:


Watch CBS Videos Online
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