Tag Archives: Economy

West Wing Week ~ Dispatches from Iraq ~ August 20 – August 26, 2010

Posted by: Audiegrl

Vice President Joe Biden shakes hands after addressing the 111th Veterans of Foreign Wars Convention in Indianapolis, Indiana. August 23, 2010. (Official White House Photo by David Lienemann)

Welcome to the West Wing Week, your guide to everything that’s happening at 1600 Pennsylvania Ave. This week, watch a sneak preview of next Friday’s “Dispatches from Iraq” and join our brave men and women, both troops and civilians, on the ground in Iraq as combat operations end. Go behind the scenes with Provisional Reconstruction Teams, train with the Iraqi Federal Police, learn how millions of tons of equipment gets redeployed or sent home and much more.

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West Wing Week ~ Turkey Turkey and a Jammer ~ August 14 – August 19, 2010

Posted by: Audiegrl

President Barack Obama helps spell out Ohio with the Weithman family, Rachel, 9, Josh, 11, and mom Rhonda, in their home in Columbus, Ohio, Aug. 18, 2010. (Official White House Photo by Pete Souza)

This week, travel with the First Family to Panama City Beach, Florida for a weekend of swimming, mini-golf, and meeting with local business owners. Next up, the President hits the road traveling to Milwaukee, Seattle and Columbus to talk to business owners and families about the economy.

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President Barack Obama greets 103-year-old Milwaukee veteran James Edwards backstage at ZBB Energy Corporation in Menomonee Falls, Wis., Aug. 16, 2010. (Official White House Photo by Pete Souza)


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President Obama Makes Statement on Economy and Oil Spill

Posted by: Audiegrl
Written by: Jessie Lee

REUTERS: ANOTHER OIL RIG OVERTURNS IN GULF COAST… DEVELOPING…

That Economic Heartbeat is Growing Stronger

President Obama comments on the first quarter 2010 GDP numbers in the Rose Garden of the White House, April, 30, 2010. President Obama is joined by representatives and workers from two U.S. manufacturers, Itron, a Washington state based manufacturer of smart energy meters, and A123 Systems, a Massachusetts based advanced battery manufacturer, that are expanding production and hiring as a result of Recovery Act investments in innovation and technology. (Official White House Photo by Chuck Kennedy)

Earlier today, President Obama delivered remarks on the oil spill in the Gulf of Mexico before talking about the economy. He explained that while BP is ultimately responsible for the costs of cleanup operations, the government has been discussing the response effort with BP and is prepared to help affected communities.

He announced that there are now five staging areas to protect sensitive shorelines along with federal response personnel in the area and response vessels and aircraft on the scene. The President also said that Secretary Salazar will conduct a thorough review of the oil spill and report on additional precautions and technologies that should be required to prevent future accidents.

So, let me be clear.  I continue to believe that domestic oil production is an important part of our overall strategy for energy security, but I’ve always said it must be done responsibly, for the safety of our workers and our environment.  The local economies and livelihoods of the people of the Gulf Coast as well as the ecology of the region are at stake.  And we’re going to continue to update the American people on the situation in the Gulf going forward.

The President then discussed the GDP report released today, which shows that the economy grew at a rate of 3.2 percent as opposed to last year during the quarter when it shrank at a rate of 6.4 percent. He explained that the number shows that the “economic heartbeat is growing stronger,” but that he measures progress by a different pulse – “the progress the American people feel in their own lives day in, day out.” The President stated that “the work of moving the economy forward remains our focus every single day.”

Now, government can’t replace every job that has been lost. That’s not government’s role.  It is America’s business all across the country — the private sector, businesses — that have always been and will always be the engines of our job creation.  Our task, then, is to create the conditions necessary for those businesses to open their doors, expand their operations, and ultimately hire more workers.

That’s precisely what we’ve tried to do by cutting taxes for small businesses; by backing thousands of loans supporting billions of dollars in lending; and by making targeted investments in the areas of our economy where the potential for job growth is greatest -– areas like clean energy.

He talked about Itron and A123 Systems, both companies that were able to capitalize their growth by taking advantage of the Advanced Manufacturing Tax Credit in the Recovery Act, which helped several companies hire more workers, add equipment, boost output, and promote American business in the clean energy industry.

In fact, this program was so successful that it was oversubscribed by a ratio of three to one.  That’s why I’ve called for an additional $5 billion in investment into these projects to accelerate the creation of clean-energy jobs in America’s factories.  Because every time a new factory or plant opens or expands in America, it becomes important to more people than the workers it employs; it becomes an economic lifeline to a community, capable of supporting dozens, or hundreds, or even thousands of jobs indirectly.

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President Obama in Iowa: Investing in America’s Energy Security

Posted by: Audiegrl

Written by Jessie Lee

President Barack Obama tours the Siemens Wind Turbine Blade Manufacturing Plant in Fort Madison, Ia., April 27, 2010. (Official White House Photo by Lawrence Jackson)

Today President Obama travelled to Iowa and visited Siemens Energy, Inc., where he received a tour of the facility and saw the creation of blades that are capable of generating enough power for hundreds of homes. The President said that each employee of Siemens “Is helping stake America’s claim on a clean-energy future.”

The President discussed the future of clean energy in America, calling energy security “a top priority for my administration since the day I took office.” He explained that the Recovery Act made the largest investment in clean energy in the nation’s history- an investment expected to create or save 700,000 jobs by the end of 2012 and double America’s capacity to generate renewable electricity from sources like the sun and the wind:

So in the midst of the economic turmoil, the Recovery Act helped make it possible for America to install nearly 10 gigawatts of new wind-generating capacity last year alone -– and that’s enough to power more than 2.4 million American homes.  So when people ask you what was the Recovery Act about, what was the stimulus about, it was about this — this plant.

The President praised Iowa for already generating a higher percentage of electricity from wind than any other state because of facilities like Siemens Energy:

And as extraordinary as this facility is, here’s the thing  — wind power isn’t a silver bullet, it’s not going to solve all our energy challenges.  There’s no single energy source.  The key is to understand that this is a key component, a key part of a comprehensive strategy to move us from an economy that just runs on fossil fuels to one that relies on more homegrown fuels and clean energy.  I believe that we can come together around this issue and pass comprehensive energy and climate legislation that will ignite new industries, spark new jobs in towns just like Fort Madison, make America more energy-independent.  Our security, our economy, the future of our planet all depend on it.

The President continued his series of White House to Main Street tours with stops through Iowa, Illinois and Missouri. After touring Siemens Energy, Inc. in Fort Madison, Iowa, the President made an impromptu visit to Jerry’s Family Restaurant in Mt. Pleasant where he greeted Iowans and wished 107-year-old Frances Asher a happy birthday. Watch some raw footage from the visit:.

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President Obama’s Saturday YouTube Address 02/20/10

white house gov logoWhiteHouse.govPremiums, Profits, and the Need for Health Reform ~ The President points to outrageous premium hikes from health insurance companies, especially those already making massive profits, as further proof of the need for reform. Looking ahead to the coming bipartisan meeting on reform, the President urges members of Congress to come to the table in good faith to address the issue.

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President Obama’s Saturday YouTube Address 02/13/10

white house gov logoWhiteHouse.gov—The President, having just signed the “Pay As You Go” law, discusses the importance of this fundamental rule to getting budget deficits in check. Ensuring that new spending and tax cuts are offset was a important factor in creating the budget surplus of the late 1990’s.
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The Rachel Maddow Show: White House Explains Spending Freeze

Rachel Maddow ShowRachel Maddow talks with White House economic adviser Jared Bernstein about the breaking news that President Barack Obama will announce a “non-security” spending freeze in his State of the Union address on Wednesday evening.
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