House GOP whip argues $787B stimulus law a disappointment, says too many still out of workAugust 18th, 2009 Cantor: Stimulus not working as well as advertisedWASHINGTON — A member of the House Republican leadership says he doesn't think the $787 billion economic stimulus program the Obama administration pushed through Congress earlier this year has worked as advertised. House GOP Whip Eric Cantor of Richmond said Tuesday that no one should be touting the benefits of stimulus — as Vice President Joe Biden has — at a time when national unemployment is at 9.4 percent.
Facing questions on cost, Obama defends push for health care overhaulAugust 14th, 2009 Obama defends health care plan amid cost questionsBELGRADE, Mont. — At a town hall style meeting, a Montana man bluntly challenged President Barack Obama's contention that he can overhaul health care without raising Americans' taxes to pay for it.
Obama: Canada trade unhurt by 'Buy American' law, restates opposition to stimulus provisionAugust 10th, 2009 Obama: Canada trade unhurt by 'Buy American' lawGUADALAJARA, Mexico —President Barack Obama says controversial "buy American" provisions in the U.S. stimulus package have not endangered trade with Canada.
Summers: Obama administration didn't fully understand the economic challenges they inheritedAugust 2nd, 2009 Summers defends Obama economic recordWASHINGTON — A top White House adviser is defending President Barack Obama's approach to reviving the economy and says the new administration inherited a situation far worse than anyone understood. Economic adviser Larry Summers said Sunday that "we didn't know how bad it was last winter" when the new administration took over.
Obama says $787 billion stimulus program is reason economy beginning to turn itself aroundJuly 31st, 2009 Obama credits stimulus for economy's progressWASHINGTON — President Barack Obama says the $787 billion economic stimulus program he enacted within weeks of taking office is helping the economy begin to pull itself out of the recession. The Commerce Department reported Friday that the economy contracted at a pace of just 1 percent in the second quarter.
Obama budget director defends $787B stimulus, says unemployment to stay 'stubbornly high'July 22nd, 2009 Budget boss defends stimulus, sees joblessness upNEW YORK — The Obama administration's budget director defended its $787 billion stimulus package, saying the heavy spending was necessary to rescue the economy and that the plan is "on schedule" to produce the intended results. In prepared remarks to the Council of Foreign Relations in New York, Peter Orszag said it was "misleading" to judge the effectiveness of the stimulus package based on the rise in unemployment — which hit a 26-year high of 9.5 percent in June — and which he expects will stay high for the "next few quarters."
"Only a very small part of the total job creation expected from the Recovery Act would take place by the end of the second quarter," Orszag said.
Hoped-for education boost takes back seat as states use stimulus money to stay afloatJuly 8th, 2009 Audit: States using stimulus just to stay afloatWASHINGTON — Projects in some of the nation's poorest areas don't appear to be getting a fair shake in the spending of $787 billion in stimulus funds, the chairman of the House oversight committee said Wednesday. Rep. Edolphus Towns, D-N.Y., chairman of the panel, said he was particularly concerned that transportation projects in economically distressed areas were being left out — even though they are supposed to be a priority.
Obama says he will hold off on seeking a second stimulus program for beleaguered economyJune 23rd, 2009 Obama: No new stimulus needed, but quicker resultsWASHINGTON — President Barack Obama says he is not ready to offer a second stimulus plan even though the economy continues to struggle. The president said Tuesday that more time is needed to assess the effectiveness of the $787 billion economic stimulus plan enacted early this year.
Obama defends his Iran policy against growing criticism by RepublicansJune 23rd, 2009 Obama defends Iran policy against GOP criticsWASHINGTON — President Barack Obama is answering Republican critics of his cautious response to the violence following the disputed election in Iran. Obama told reporters at the White House that he believes all Americans, including his critics on Capitol Hill, want justice to prevail in Iran.
Obama promises more than 600,000 stimulus jobs; Cabinet questions spending and job creationJune 8th, 2009 Obama promises more than 600,000 stimulus jobsWASHINGTON — President Barack Obama says the United States remains in a deep recession that will take considerable time to escape. Obama met at the White House with his top administration officials on Monday to hear an update on his $787 billion spending plan.
White House defends stimulus model that proved overly optimistic, says jobs goal remains solidJune 8th, 2009 White House defends optimistic stimulus modelWASHINGTON — The White House is defending the overly optimistic economic models it used to justify the historic stimulus plan. Four months after the stimulus was passed, unemployment is far higher than expected and continuing to rise.
Obama: Without stimulus package, economy would have gone into tailspinMay 14th, 2009 Obama defends his stimulus packageRIO RANCHO, N.M. — President Barack Obama says if the government hadn't stepped in to help, the economy would have gone into a tailspin.
Japanese minister defends stimulus package against criticism it's loaded with porkMay 10th, 2009 Japan minister defends stimulus spending packageTOKYO — A Japanese minister defended his government's $150 billion stimulus package Sunday against criticism it allocates too much money to wasteful pet projects meant to woo voters. Minister of Finance Kaoru Yosano said the stimulus measures, which won legislative approval recently, would encourage gradual but basic structural changes to the economy to boost growth and steer it away from export dependence.
Obama defends support for abortion rights, says issue both moral and ethicalApril 30th, 2009 Obama defends support for abortion rightsWASHINGTON — President Barack Obama says abortion is both a moral and ethical issue, and abortion rights backers make a mistake when they consider it solely a matter of women's freedom. Obama told a prime-time news conference Wednesday that he supports abortion rights because he thinks a woman is in a better position to make a very personal choice than a member of Congress or the president.
Obama defends foreign aid, says such spending can help US make friends, advance its interestsApril 29th, 2009 Obama defends US spending on foreign countriesARNOLD, Mo. — President Barack Obama says U.S.
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