Clearing Up the Bonuses Issue
We wanted to clear up some confusion about where the President stands on bonuses and excessive executive compensation. A recent headline from an interview the President did with Bloomberg yesterday inaccurately made it sound like the President brushed off the impact of bonuses and applauded the role of bankers. This naturally came as a surprise [...]
A Closer Look
This week, CNN has been taking a good, hard look at the Recovery Act and examining some of the projects being funded across the country to create jobs and drive economic growth. As they do this, they’re asking some questions about how Recovery dollars are being spent. We wanted to provide the full set of [...]
Weekly Address: Financial Reform to Protect Consumers
The President explains his plan to address one of the major causes of the current economic crisis — the breakdown of oversight leading to widespread abuses in the financial world. The new Consumer Financial Protection Agency will have the sole job of looking out for the financial interests of ordinary Americans by banning unfair practices [...]
Nominee for Army’s Top Lawyer, Tied to Fannie Mae, Withdraws
CQ’s Josh Rogin reports:
President Obama’s choice to be general counsel of the Army, Donald M. Remy, withdrew his nomination late Friday.
In a June 12 letter to the president, obtained by Congressional Quarterly, Remy gave no specific reason for his withdrawal but thanked Obama for the opportunity to serve the public and the military.
“I am honored [...]
Single Most Effective Republican Spokesperson on Stimulus: ‘You May Already Be Getting Scammed’
Well, it’s a close race with Nancy Pelosi, but Joe Biden is pulling ahead:
“We know some of this money is going to be wasted,” Biden said during a roundtable discussion in New York with business leaders aimed at promoting the two-year stimulus plan…
“There are going to be mistakes made,” said Biden. “Some people are being [...]
Reform for Our Troops
This morning the President signed legislation that seems an obvious step, and yet it is one that has not been taken despite all of the incidents that have cried out for it: reform of the defense procurement and contracting system. This accomplishment for American taxpayers ,and for our military who can now stretch every dollar that [...]
