HEADLINE: Obama ties political fate to the economy CAPTION: As the Senate passed its version of the economic stimulus bill and the Treasury Department unveiled new plans to help banks, President Obama tied his political fate to the economy. The AP's Julie Pace reports. (Feb. 10) [Notes:ANCHOR VOICE] With President Barack Obama warning of a full-blown financial crisis, the federal government took extraordinary action Tuesday to rescue the U-S economy. On Capitol Hill, the Senate passed its 838-billion-dollar version of Obama's stimulus plan. SOT Chuck Schumer/D-New York ''Jobs, tax cuts for the middle class, rebuilding our infrastructure. Most every provision in this bill does one of those 3 things now. But with just three Republicans voting in favor of the bill, the GOP failed to give Obama the bipartisan support he's been calling for. SOT Mitch McConnell/R-Kentucky "This bill misses the mark. Its full of waste. we have no assurance it will create jobs or revive the economy." Meanwhile Treasury Secretary Timothy Geithner unveiled a complex plan for rescuing the nation's ailing banks and financial systems. SOT Timothy Geithner/Treasury Secretary "The financial system is working against recovery and that's the dangerous dynamic we need to change." The new plan grows out of the controversial 700 billion dollar bailout passed under the Bush administrion. It calls for a one-trillion dollar public-private partnership to strengthen banks.... ...And at least 50-billion-dollars to help homeowners deal with rising foreclosures. As Washington marshalled huge sums of money to revive the economy, the president kept up his efforts to sell the plan to the American people. Obama held his second town hall meeting in two days, this time traveling to Fort Myers, Florida, a city hard hit by foreclosures. After less than a month in office, the president is already tying his political fate to the success or failure of the economy. SOT Barack Obama "I won't lie to you. If in a few years from now this hasn't worked and people don't feel like I've led the country in the right direction, then you'll have a new president." Stand-Up Julie Pace/The Associated Press "Obama is asking lawmakers to get the stimulus bill on his desk by President's Day weekend. While Tuesday's Senate vote is a big step in that direction, contentious negotiations could lie ahead as lawmakers try to reconcile the House and the Senate versions of the bill. Julie Pace, The Associated Press, The White House." You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/e1cb9a7661ebdb030aaf6b874c778c1d Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 13 AP Archive
House Republicans, as a group, may take great pride in the goose egg they offered President Obama's stimulus package. But now the unanimous opposition is struggling to bring that money home. Republicans will be working hard to make sure the money they opposed ends up benefiting their home districts, highlighting the political tightrope they walk in this economic crisis. The Democratic Congressional Campaign Committee is watching House Republicans -- and reading local media -- closely and is only too happy to highlight any happy talk about a stimulus Republicans voted against. Back in his home district, Rep. Blaine Luetkemeyer (R-MO) found some nice things to say about the plan. "Within the stimulus package there is some Pell Grant money, which is a good thing. It helps students be able to pay for their education and that's kind of a long term stimulus effect there. I mean obviously that's not gonna provide a job in the next 120, 180 days, but the ability of someone to get an education is an economic development tool," Luetkemeyer said at a local college. He was there, in another inside-outside Washington twist, to celebrate an earmark for a college building. He lamented that there would be far fewer such earmarks in the future. "If they go back to the rules, it will make it very difficult to get earmarks through the next two years because number one we don't have any more money, we just blew it all on this stimulus package. Although, we're gonna have to print some more in order to be able to bail out the financial institutes and the automobile manufacturers," said Luetkemeyer. Ken Spain, a spokesman for the National Republican Congressional Committee, said that the quotes aren't hypocritical, but rather demonstrate that Republicans did support a stimulus in general, just not the one Democrats presented to them. "We would like to thank the DCCC for circulating these comments. They are proof-positive that Republicans stood willing and ready to support commonsense measures in the stimulus package until Nancy Pelosi unfortunately chose to undercut President Obama's message of bipartisanship by including absurd pork-barrel spending projects such as millions to protect a mouse in the San Francisco Bay, golf carts for government bureaucrats, and STD prevention funds. Republicans said 'yes' to a true stimulus package, but unanimously said 'no' to putting the politics of pork before the needs of the middle class," said Spain. Rep. Don Young (R-AK) put out a press release saying that he "won a victory for the Alaska Native contracting program and other Alaska small business owners last night in H.R. 1, the American Recovery and Reinvestment Act." In California's Inland Empire, battered by the economic downturn, the mostly Republican delegation is happy the stimulus passed, too, according to local news reports. "Even the Republican lawmakers who oppose the bill say such projects are needed in the region," the local paper reports. "All along he has believed infrastructure spending, in particular, should provide a boost to the Inland Empire's economy," a spokesman to Rep. Jerry Lewis (R-CA) said. "While we philosophically have different opinions, we're obligated to make sure this money is spent properly," said Rep. Ken Calvert (R-CA). "All of us in the Inland Empire will do what we can to direct as much money as we can." UPDATE: Think Progress finds a press release from Sen. Kit Bond (R-Mo.) along the same lines: Last week, Bond led a bipartisan group of Senators in introducing an amendment to help provide needy families affordable housing. Bond's amendment provides $2 billion to fund low-income housing tax credit (LIHTC) projects that have been stalled by the financial credit crisis. As part of the Democrats' spending bill now signed into law, the Senate unanimously accepted Bond's provision. [...] This provision will have a real impact in Missouri, especially for low-income, working families in need of safe and affordable housing. ... Bond's amendment will save more than 700 housing units and create 3,000 new jobs in Missouri. http://www.huffingtonpost.com/2009/02/18/gop-fighting-for-money-fr_n_167914.html
Views: 6126 AntiConformist911
Economists do not have an accurate or agreed-upon model of the short-run economy, and their advice is often in error. Politicians should be more humble about their ability to control short-term economic ups and downs. Legislative action based on incomplete information risks destabilizing the economy further. Efforts to fix short-term problems often create long-term damage ‹ such as by putting the nation further into debt. Chris Edwards appeared on C-SPAN's Washington Journal recently to discuss the "stimulus package" proposed by President-elect Obama.
Views: 1824 The Cato Institute
"I was told by democratic officials in that meeting, that we were going to get billions of dollars that was gonna come down the pike our way, and we're gonna build an army (bigger than the US army) of democratic patronage jobs, that is going to completely freeze off the republicans for ever and ever" 2/6/09 - This was a live caller to the Savage Nation - Michael Savage, Host #28 - Top Favorited (This Week) - News & Politics
Views: 36681 martysoffice
This webinar discussed the Great Recession, looking at its effects upon employment, household wealth, access to health care, and more. We examined efforts by the federal government to reduce poverty during this period, evaluated its success, and talked about whether the causes of poverty today are different than the causes during "normal times."
Views: 2387 Service Resources
Congressman Jack Kingston was featured in a segment on Lou Dobbs Tonight in regards to his efforts to protect American workers in the economic "stimulus" package proposed by House Democrats. Congressman Kingston was successful in adding a provision that would prevent any illegal immigrant from being employed as a result of the bill.
Views: 358 JackKingston
Amgen is the worlds largest biotech & pharmaceutical firm that lobbies Congress heavily and gets laws passed in their favor at the expense of the American People, Kyle breaks it down. Clip from the Monday, January 21st edition of The Kyle Kulinski Show, which airs live on Blog Talk Radio and Secular Talk Radio monday - friday 5-7pm Eastern.
Views: 1444 Secular Talk
Leading Economist Sean M. Snaith, Ph.D., director of the Institute for Economic Competitiveness, presents his economic forecast to the Sarasota County Commission on May 25, 2018.
Views: 49 Sarasota County Government (Official)
Obama lays out economic 'rescue' plan Government for the people by the people
Views: 303 Russell Mae
Congressman Jack Kingston appeared on Lou Dobbs tonight to discuss Democrats' failure to provide protection to American workers in the economic "stimulus" package. When the final package was unveiled in the dark of the night, Democrats stripped a provision added by Congressman Kingston which would've ensured that anyone employed as a result of the is a legal American worker.
Views: 246 JackKingston
HEADLINE: Bush signs economic stimulus package -------------------------------------- CAPTION: President Bush signed legislation on Wednesday to send $300 to $1,200 rebate checks to millions of Americans as a 'booster shot' for the economy. Rebates are to go out beginning in May to taxpayers and low-income people. (Feb. 13) ---------------------------------------- [Notes:ANCHOR VOICE] [Notes:Signing, applause] It was a shining -- and rare -- moment of bipartisanship. But then nothing concentrates Washington minds like fear of an election-year recession. And President Bush says the stimulus plan he and Congress have agreed on is the ideal "booster shot" to prevent one. BUSH SOT: (Approx 3:15 in) "I thank the members for acting quickly. I thank 'em for acting to provide immediate tax relief the American people. " [Notes:File footage rebates -- or dollars on presses or some such] The measure's headline provision: tax rebate checks for most American families. [Notes:Street scenes] It's hoped those families will quickly turn around and SPEND the cash. MOS SOT: (JOSEPH PRATT) "i can go on vacations! (hahaha)" (LARKIN BOGAN) i'd spend it on her and buy her shoes and clothes...." (KELLY FELTHOUS)"i would start paying off my student loans i have 80 thousand dollars in student loans" Well, spending it's the idea, anyhow. [Notes:File footage housing. Detroit?] And there are yet more signs the stimulus is badly needed. Detroit has become the leading edge of America's mortgage crisis -- with new figures showing one in every 20 households in foreclosure. Another recession alarm bell? PAULSON SOT: (Approx 10:26 a.m.) "I see growth at a slower rate for a quarter or two and the housing is what we need to watch closely cause that's the biggest risk.'" FONT: Treasury Secretary Henry Paulson [Notes:Standup close] Meantime, the ink is hardly dry on THIS stimulus plan and Democrats are looking at ANOTHER one -- to include extra jobless benefits and infrastructure spending. Their election-year challenge to Republicans will be: we dare you to vote against this one. MS, The Associated Press, the White House You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/e93123bc0d484afda92fa4264ca7c872 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 30 AP Archive
The President commits to helping small businesses through the economic recovery, and condemns the AIG bonuses recently reported as violating fundamental American principles, pledging to do all he can to ensure taxpayers do not have to pay for them. (this video is public domain)
Views: 27727 The Obama White House
Between 1965 and 2010, welfare policy changed drastically in the unitedthe modern system was created under president johnson rolled back as a result of 1996 reform legislation The law. Robert is a leading authority on poverty, welfare programs and immigration in america. The impact of welfare reform 20 years later what worked, didn't usa today. Million children a whopping decline of 75 percent from 1996. The 1996 personal responsibility and work opportunity 20 years since welfare 'reform' how has america fared? the end of as we know it atlantic. Pdf] a url? Q royce. 1996 welfare reform law . A new era of welfare benefits and provisions was on the horizon, reform act catalyst needed to begin these much changes. Twenty years after welfare reform the system remains in major changes and public opinion xavier university. Social security 1 jun 2016 twenty years ago, the federal government took a pretty simple cash welfare system if you were poor and had children, guaranteed check replaced it with program called temporary assistance to needy families. One of the just what are differences between clinton vetoed and he signed, were compromises on which gop congress refused to budge. Legal immigrants that have not become u. What it did in reality was essentially kill the u. How welfare reform changed american poverty, in 9 charts the was successful? Usi. 22, 1996, he declared at a ceremony in the white house's rose garden that it would 'end welfare as we know it. Current law remains in force for other child welfare and protection programs. Meanwhile, many on the left hoped that change would come in form of more support for families, not a system they saw as, words 1996, welfare reform act was passed into law with promise by leaders country to end as it had existed since its inception. Why bill clinton signed the welfare reform bill, as explained in 19961996 facts. Citizens may not get federal welfare benefits and social services during their first five years in the u. Today the impact of welfare reform. The result was welfare reform that was, and still is, confusing 19 aug 2016 the others varied but ones in play were largely focused on making sure people couldn't make an active choice to be rather than working. July 9, 2006 23 min readsenior research fellow. 104 193), signed on august 22, 1996, dramatically reshaped cash and food welfare programs and helped reduce federal welfare spending. 104 193),' a comprehensive bipartisan welfare reform plan that will dramatically change the nation's welfare system into one that requires work in exchange for time limited assistance with its emphasis on work, time limits, and sanctions against states that did not place a large fraction of its caseload in work programs and against individuals who refused to meet state work requirements, tanf was a historic reversal of the entitlement welfare represented by afdc. The personal responsibility and work opportunity reconciliation the outcomes of 1996 welfare reform brookings
Views: 14 Clix Clix
03/31/09 - The Obama Administration plans to shift immigration enforcement from workers to employers, but the whole policy of "internal enforcement" of immigration law is the problem. Aligning legal immigration rates with the demand for new workers in the country is the only solution to the problem of illegal immigration.
Views: 740 The Cato Institute
President Obama spoke for a full hour on Wednesday about the economy and jobs during a town-hall-style meeting hosted by twitter. Neal Hannon (@nealhannon) asked President Obama, "Small biz create jobs. What incentives are you willing to support to improve small biz growth? #AskObama." President Obama said, "We have tried to get the Small Business Administration to step in and provide more financing, waiving fees, lowering interest rates, making sure the threshold for companies that qualify for loans are more generous. And that has helped a lot of small business across the country. This is another example of working with congress, my hope is to continue these tax incentives and maybe do a little bit more."
Views: 577 Joseph Coleman
The bipartisan National Commission on Fiscal Responsibility and Reform holds a meeting in the Hart Senate Office Building to address our nation's mid- and long-term fiscal challenges. December 1, 2010.
Views: 10240 The Obama White House
Obama's Press Conference "could turn a crisis into a catastrophe." http://apnews.myway.com/article/20090210/D968ER280.html Some Senate Republicans vow opposition to stimulus plan -smart move for the GOP; There's no incentive to help Obama $153.2 billion: Subsidize health care coverage for jobless, help states with Medicaid, other health programs. $159 billion: Provide school grants, aid to states, other school programs; boost Pell Grants by $500, to $5,350. $23 billion: Expand $1,000-per-child tax credit and earned-income tax credit to more working poor. $145 billion: Enact $500-per-worker, $1,000-per-couple tax cuts for two years. $103 billion: Fund construction projects and repairs: highways, bridges, mass transit, federal buildings, water. http://www.usatoday.com/news/washington/2009-01-29-stimulus-senate-thursday_N.htm -CREATES NEW AGENCY (National Coordinator of Health Information Technology) which will track your medical treatment electronically, but also dictate what your doctors does. (442, 446). -Daschle's provision (he owes 140,000 in taxes) Federal Coordinating Council for Comparative Clinical Effectiveness Research (190-192) -Daschle wants us to adopt a more European style -Medicare changes too. Now it covers treatments are considered to be effective and safe, The stimulus bill will create a cost-effectiveness standard set by the Federal Council (464) http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_mccaughey&sid=aLzfDxfbwhzs http://thomas.loc.gov/cgi-bin/query/F?c111:5:./temp/~c111GFUXTL:e152273: Obama says that he will create 4 million jobs Obama's economist said, "It should be understood that that all of the estimates presented in this memo are subject to significant margins of error." http://www.google.com/hostednews/ap/article/ALeqM5jrrMd3vVQOVz3VkZpCTUA_B45z3gD968JDG00 Schwarzenegger sues to furlough more Calif workers -sued the state's Democratic controller to force 15,000 more workers to accept furloughs -ordered more than 200,000 state government workers to take two days off each month without pay http://www.iht.com/articles/ap/2009/02/10/america/California-Furloughs.php FedEx Freight to cut about 900 jobs http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSN0953317920090209 Switzerland's biggest bank UBS cut 2,000 jobs, $7 billion loss in 4Q http://news.yahoo.com/s/afp/20090210/bs_afp/switzerlandbankingcompanyearningscutsubs_20090210080224 AngloPlatinum, the world's largest producer of the metal, cut 10,000 jobs http://news.yahoo.com/s/afp/20090209/wl_africa_afp/safricaeconomycutscompanyangloplatinum_20090209143627 GM Cutting 10,000 Jobs, Reducing Pay as Much as 10% -trying to cut cost http://www.bloomberg.com/apps/news?pid=20601087&sid=a28RUb3_ZvJE&refer=home Qwest 4Q Net Drops 50% On Voice Unit Woes, Cuts 1,700 Jobs http://money.cnn.com/news/newsfeeds/articles/djf500/200902100800DOWJONESDJONLINE000379_FORTUNE5.htm GOOD NEWS Intel Set to Spend $7 Billion to Upgrade US Factories -more jobs http://www.cnbc.com/id/29118522 Sheriff called to stop scuffle at Tenn. job center Two immigrants where fighting with waiting to apply for a job at a poultry plant http://www.google.com/hostednews/ap/article/ALeqM5jXKfBQ__9csEwRPw2ZgVD8RF9AJgD968DEJ80 Court Orders California to Cut Prison Population -The California prison system must reduce overcrowding by as many as 55,000 inmates within three years to provide a constitutional level of medical and mental health care -California attorney general, Jerry Brown, vowed to appeal the ruling -system has 150,000 inmates http://www.nytimes.com/2009/02/10/us/10prison.html?ref=us
Views: 2190 DEMCAD
Congressman Jack Kingston today took to the floor during debate on the economic "stimulus" discussing some of the more outrageous provisions and the fact that the House Republican alternative would create nearly two times as many jobs at half the price tag.
Views: 101 JackKingston
The Health Information Technology for Economic and Clinical Health Act, abbreviated HITECH Act, was enacted under Title XIII of the American Recovery and Reinvestment Act of 2009 (Pub.L. 111–5). Under the HITECH Act, the United States Department of Health and Human Services is spending $25.9 billion to promote and expand the adoption of health information technology. The Washington Post reported the inclusion of "as much as $36.5 billion in spending to create a nationwide network of electronic health records." At the time it was enacted, it was considered "the most important piece of health care legislation to be passed in the last 20 to 30 years" and the "foundation for health care reform." The former National Coordinator for Health Information Technology, Dr. Farzad Mostashari, has explained: "You need information to be able to do population health management. You can serve an individual quite well; you can deliver excellent customer service if you wait for someone to walk through the door and then you go and pull their chart. What you can't do with paper charts is ask the question, 'Who didn't walk in the door?'" This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 282 Audiopedia
Press CC button for the SUBTITLES (bottom right of the video). Time Stamps: LEAD-IN TO PILLAR ONE: The Resource Oriented Economy to Peg our Currencies with; and the Supply-Demand-Resupply Inventory Network as the Job Creator = (34:51) PILLAR TWO: The People’s Power over Money and Credit—using Public Banks along with the Universal Single Payer system to Compensate Us All = (1:23:20) PILLAR THREE: The Culture of Transparency and Sharing—Open Patents, Sources, Information…Open Everything…along with the Free Public Neutral Internet = (2:37:23) DESCRIPTION: Details to Change Our Global Economic and Political Corporatocracy Culture; so that we reasonably transition the power and the levers of control from the Establishment to the hands of the People! READ THIS ARTICLE: Ascending The Globe Series Part 1: A Revelation for Mankind By Edward D.R. James / http://ascendingtheglobe.com PLEASE TRANSLATE THIS VIDEO TO OTHER LANGUAGES; and Let's Ascend the Global Economic and Political Culture...Together!!! FOLLOW ME: Twitter: https://twitter.com/edwarddrjames Facebook: https://www.facebook.com/EdwardD.R.James Instagram: https://www.instagram.com/edwarddrjames Google+: https://plus.google.com/102613747434654135198
Views: 110 Edward D. R. James
President Trump was elected in part because of some disquieting economic trends. N. Gregory Mankiw, professor of economics at Harvard University, discusses those trends, their causes and origins, and how they can be changed. Filmed February 22, 2018 See more Ath videos: http://tinyurl.com/MMCAth ► Like this video? SUBSCRIBE: http://tinyurl.com/CMCchannel ► Visit our website: http://www.cmc.edu/ ► Follow CMC: https://www.facebook.com/ClaremontMcKennaCollege https://twitter.com/cmcnews https://www.instagram.com/cmcnews/
Views: 468 Claremont McKenna College
He says to put a fine on the employers who hire illegals. 50th District Congressman Brian Bilbray takes an impassioned stand against the bi-partisan immigration deal reached in the Senate. A major deal on immigration reform still has a lot of hurdles to clear before becoming law. The compromise would give millions of illegal immigrants -- a chance to become citizens. Conservatives say that's amnesty, they're lining up against the measure. Even House Speaker Nancy Pelosi (D) Calif., has some reservations about bringing the law to the floor of the house for a vote. According to the bill, more border patrol agents and fencing would be added -- before new workers would be allowed in. http://www.borderguards.org/forums
Views: 502 BorderGuards
When talking about infrastructure banks Monday, President Barack Obama sounded a lot like he did when promoting the Recovery act in 2009.
Views: 900 CNSNews
(20 Dec 2017) Gleeful Republicans on Tuesday muscled the most sweeping rewrite of the nation's tax laws in more than three decades through the House, as Senate Democrats, once again, took them head-on, calling the tax bill "a victory for the Koch brothers" and the wealthy. The vote, largely along party lines, was 227-203 and capped a GOP sprint to deliver a major legislative accomplishment to President Donald Trump after a year of congressional stumbles and non-starters. Senate Majority Leader Mitch McConnell, R-Ky., said the Senate would vote Tuesday evening, sending the legislation to Trump for his signature. But in a last-minute glitch, however, Democrats said three provisions in the bill, including one that would allow parents to use college savings accounts for home-schooling expenses for young children, violate Senate budget rules. House Majority Leader Kevin McCarthy, R-Calif., said the House would vote on the package again on Wednesday, after the Senate removes the problematic provisions and passes the bill. The massive $1.5 trillion package would touch every American taxpayer and every corner of the U.S. economy, providing steep tax cuts for businesses and the wealthy, and more modest tax cuts for middle- and low-income families. It would push the national debt ever higher. The standard deduction used by most families would be nearly doubled, to $24,000 for a married couple, while those who itemize would lose some deductions. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/ef87f63739d032943b036ba5392e8c28 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 70 AP Archive
In a Senate floor speech on February 13, Senator Murkowski spoke about the energy provisions of the stimulus bill, saying they were not timely, targeted or temporary. Senator Murkowski opposes the legislation.
Views: 448 senatormurkowski
Moderator: Ricardo Caballero PhD '88, Ford International Professor of Economics and Department Head. MIT Panel: Pedro Aspe PhD '78, Co-Chairman, Evercore Partners and Chairman and CEO, Protego Robert Gordon PhD '67, Stanley G. Harris Professor of Social Sciences, Northwestern University Olivier Blanchard PhD '77, Class of 1941 Professor of Economics, MIT and Chief Economist, International Monetary Fund Paul Krugman PhD '77, Professor of Economics and International Affairs, Princeton University N. Gregory Mankiw PhD '84, Robert M. Beren Professor of Economics, Harvard University Christina Romer PhD '85, Class of 1957–Garff B. Wilson Professor of Economics, University of California, Berkeley.
Views: 5206 InfiniteHistoryProject MIT
(8 Dec 2003) APTN Washington, DC - December 8, 2003 1. Close-up as President Bush walks towards toward table, sits and signs bill 2. Wide view of President Bush speaking 3. SOUNDBITE: (English) George W. Bush, US President: "I am pleased that all of you are here to witness the greatest advance in health care coverage for America's seniors since the founding of Medicare." 4. Side view Bush speaking 5. SOUNBDITE: (English) George W. Bush, US President: "With this law, we're giving older Americans better choices and more control over their health care, so they can receive the modern medical care they deserve. With this law, we are providing more access to comprehensive exams, disease screenings, and other preventative care, so that seniors across this land can live better and healthier lives." 6. Wide view of President Bush speaking 7. SOUNDBITE: (English) George W. Bush, US President: "The challenges facing seniors on Medicare were apparent for many years. And those years passed with much debate and a lot of politics, and little reform to show for it. And that changed with the 108th Congress. This year we met our challenge with focus and perseverance. We confronted problems, instead of passing them along to future administrations and future Congresses. We overcame old partisan differences. We kept our promise, and found a way to get the job done. This legislation is the achievement of members in both political parties. And this legislation is a victory for all of America's seniors." 8. Pull back view of Democratic leader Nancy Pelosi 9. SOUNDBITE: (English) Nancy Pelosi, House Democratic Leader: "Today the President signed a Trojan horse, a deceptive gift intended to win the Republican's forty year war against Medicare. And you know what I say to seniors ... seniors beware of Republicans bearing gifts." 10. Close-up audience applauding STORYLINE: President George Bush on Monday signed into law the most far-reaching changes in Medicare in nearly four decades, an overhaul that includes for the first time a prescription-drug benefit for seniors. Bush said the measure, estimated to cost 400 (b) billion dollars (US) over the next 10 years, would give older Americans "better choices and more control over their health care, so they can receive the modern medical care they deserve." He signed the bill, which has come under harsh criticism from many Democrats, amid great fanfare in front of an audience of seniors (pensioners) and congressional leaders. The president declared that "our government is finally bringing prescription drug coverage to the seniors of America." Overall, the new law will carry out the most extensive changes since Medicare's creation in 1965. It adds a prescription drug benefit beginning in 2006. At the same time, it encourages insurance companies to offer private plans to millions of older Americans who now receive health care benefits under terms fixed by the federal government. Leading Democrats have charged this would lead to the destruction of the Medicare program as it was designed at its inception during the Lyndon Johnson administration. Bush had promised such a measure as part of his 2000 presidential campaign, seeking to capitalize on an issue usually associated with Democrats. However, the GOP-written legislation has come under fire from all nine Democratic presidential candidates, a host of Democratic lawmakers and some fiscal conservatives opposed to its price tag. Bush spoke in front of a large blue banner with a prescription sign and the words: "Keeping Our Promise to Seniors." The president said, "I'm pleased that all of you are here to witness the greatest advance in health care coverage for America's seniors since the founding of Medicare." You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/084de64fa44181484c194936e60252e0 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 271 AP Archive
Sen. Jim DeMint tells Neil Cavuto that he stands by comments made that failure of President Obama's health care reform plan will be his "waterloo". This on the day President Obama said his health care reform bill will pass as long as some people try not to "score political points." "He's been on a rampage to take over various parts of our economy," DeMint said. "We've got to stop him... I'm serious." He adds Obama has "played right into my hands" as far as the urgency to get this done. DeMint also says he has no plans to reun for President in 2012 "for now."
Views: 4159 PoliticsNewsPolitics
So much for the Tea Party guys...
Views: 846 peltecs
Schumer says pay no attnetion to Wall Street ... and no, he says, investors are not reacting to Obama's Budget or stimulus. Well yes they are. I also like Schumer's hat tip to Graham on how long this crisis has been building ... Is it 8 or is it 20 ... depends on if you are political.
Views: 164 Jim Vicevich
Yesterday, Ranking Member Issa went to the House floor to protest House and Senate Democrats' removal of data transparency provisions in the "financial reform" bill. How can finance be more transparent if the data isn't? 6-30-10: Oversight Productions
Views: 41 oversightandreform
Sen. Orrin Hatch, (R-Utah), on the tax reform legislation, the budget and the future of NAFTA.
Views: 830 Fox Business
Constitutional Questions - GOP Upset W/ Pres Obama's Executive Orders Obamacare Patients With Serious Conditions Could Face Expensive Drug Cost - Fox Report =========================================== **Please Click Below to SUBSCRIBE for More "Mass Tea Party" Videos: http://goo.gl/Z5ShLs ===========================================
Views: 571 Mass Tea Party - Wake Up America!
Sen. Bill Cassidy (R-La.) discusses whether Democrats and Republicans will be able to reach a bipartisan deal on border security and the Deferred Action for Childhood Arrivals initiative in 2018.
Views: 630 Fox Business
The House unanimously agreed to the amendment offered by U.S. Representative Chip Cravaack (MN) to the Department of Homeland Security Appropriations Act of 2013, which would increase funding for the Federal Flight Deck Officer (FFDO) program. Importantly, the amendment is fully offset and will not cost taxpayers any additional money. The Cravaack amendment increases current FFDO funding by $10 million to $35.5 million, while reducing the Transportation Security Administration (TSA) Screeners Payroll, Benefits, and Compensation account by $5 million and the Screening Maintenance Account by $5 million. "9/11 woke us up to the reality that we live in a dangerous world. With varied and ever-emerging threats, every effort should be made to make air travel as safe as possible. As a former FFDO, I can personally attest the sacrifices and expenses these pilots voluntarily undergo for the privilege to participate in the program and the honor to defend our country from terrorist attack," said Rep. Cravaack. "The FFDO program is the most cost-effective means to making air travel safe for Americans. Contrary to Homeland Security Secretary Napolitano's flawed logic, the last line of defense on an aircraft is not the secured cockpit door, but the armed pilot behind it," he added. Earlier this year, President Obama's planned disarming of FFDO pilots was made public. Specifically, the Obama Administration proposed halving the program from $25.5 million to $12.5 million, effectively shutting it down. At this level of funding, the FFDO program would be unable to re-certify all of the pilots in the program, maintain its current management structure, and train any additional officers. According to estimates by the Air Line Pilots Association, FFDO's only cost $15 per flight segment. Currently, FFDO's defend over 100,000 flight segments per month and 1.5 million flight segments per year. Thousands of FFDO's have been certified through the program, despite a budget that hasn't grown since the program's inception. Representative Cravaack serves on the Transportation and Infrastructure Committee -- where he is Vice Chair of the Aviation Subcommittee -- the Homeland Security Committee, and the Science, Space and Technology Committee. The 8th Congressional District covers 18 counties in Northeast Minnesota.
Views: 279 RepChipCravaack
Sen. Jim DeMint (R-S.C.) speaks on the floor about his amendment that would strike language permitting religious discrimination contained in the Democrat stimulus bill (Feb. 5, 2009).
Views: 26877 SenJimDeMint
Congressman Van Hollen joins Keith Olbermann on January 25, 2010 to discuss the Supreme Court ruling on Citizens United v. Federal Elections Commission.
Views: 215 Senator Chris Van Hollen
Nevada Senator Harry Reid today highlighted several measures he plans to include in the upcoming jobs bill that will spur job creation and help Nevadas economy recover. "The jobs bill we are working on in the Senate will include a provisions such as a jobs tax credit to provide incentives to small businesses to hire new employees. Also included in this bill is an extension of the highway bill which will provide additional funding for job-creating transportation projects throughout Nevada.
Views: 856 Nevada Senator Harry Reid
Edward Steinfeld, director of Brown's Watson Institute, queries political scientist Margaret Weir and political economist Mark Blyth about the rise of illiberalism across the globe. Recording from the new Watson Institute podcast series, Trending Globally: Politics and Policy. Trending Globally is a biweekly discussion bridging research, politics, and policy to address today's critical global challenges. Hosted by the Watson Institute at Brown University. You may listen to the full episode on; Soundcloud - https://soundcloud.com/watsoninstitute/sets/trending-globally iTunes - https://itunes.apple.com/us/podcast/trending-globally-politics/id1173544870?mt=2 Stitcher - http://www.stitcher.com/podcast/watson-institute-for-international-and-public-affairs/trending-globally-politics-and-policy
John McCain Speech Boston, MA 02/04/08 TRANSCRIPT: JOHN MCCAIN: "...We're going to have to have this stimulus package passed, and passed quickly. But we also have to put in provisions, that when we get through this, we're restraining spending and the growth and government, otherwise we will continue ... We lost the 2006 elections because of Spending, it's that simple, we dispirited our base..." LABEL: JM MA 2-4 (JR#49) AZZ-ClipI To download a high res version of this clip, VISIT: http://issuealliance.box.net/shared/nf62wtdq8o To download the full campaign event, VISIT: http://issuealliance.box.net/shared/r11uqmusc8
Views: 45 IssueAlliance
Plenary is the meeting of the whole Assembly which takes place in the Siambr, the Senedd’s debating chamber. Plenary is chaired by the Presiding Officer and is the main forum for Assembly Members to carry out their roles as democratically elected representatives. Plenary takes place twice a week on Tuesdays and Wednesdays and is open to the public, you can also watch it live or on demand here on YouTube or on Senedd.TV.
Views: 60 AssemblyCynulliad
As Chairman of the Senate Banking Committee, Chris Dodd was the lawmaker responsible for the legislation that allowed AIG to pay its bonuses. Dodd was also the biggest recipient of AIG campaign contributions during the 2008 cycle.
Views: 2714 DoddWatch