Obama forces GM CEO Rick Wagoner to resign
Monday, March 30. The Obama administration has forced Rick Wagoner, the chairman and CEO of General Motors, to stand down. The move has been described by pundits as
the most dramatic interference President Barack Obama… [continued]
Tim Geithner outlines plans to discipline Wall Street ![]()
The arguments against slashing interest rates and saving car plants ![]()

Obama loses cool with CNN reporter at press conference
Wednesday, March 25. In a primetime press conference at the White House yesterday, Barack Obama told America that he could see signs of economic re-growth and
promised: "We will recover from this recession." The President also used the session - which meant the hugely popular American Idol show had to… [continued]
Cockburn: the AIG bonus row is sullying Barack Obama’s good reputation ![]()
Pundits demand action on banks as Obama and Geithner 'dither' ![]()

Obama and Geithner to claw back AIG bonuses, but is it too late?
Wednesday, March 18. US Treasury Secretary Tim Geithner today announced that failing US insurer AIG would be forced to pay back bonuses it was due to award staff
courtesy of a taxpayer bailout. The announcement has mollified many pundits who had been highly critical of the Obama… [continued]
How the British taxpayer can claw back Sir Fred Goodwin's pension ![]()
Cockburn: America's empty malls speak of growing hardship ![]()
Congress eases US restrictions on Cuba
Wednesday, March 11. The Democratically controlled US House of Congress has voted to ease restrictions on US dealings with Cuba. New legislation wrapped up in a $410bn spending bill
allows Cuban-Americans to visit the island… [continued]
Obama sends open letter to Iran ![]()
Obama indicates he may be ready to talk to moderate Taliban ![]()
Obama and Clinton send envoys to Syria ![]()

Pundits demand action on banks as Obama and Geithner ‘dither’
Tuesday, March 10. They are faced with what many people have called the biggest economic crisis in history. But, according to the pundits, President Barack Obama and
his Treasury Secretary Tim Geithner are not handling it very well at all. The accusations levelled against the pair range from "dithering" to… [continued]
Obama's treasury secretary – Tim Geithner ![]()
Treasury secretary Tim Geithner fluffs his big chance ![]()
Cockburn: Can Obama really steer America off the rocks? ![]()
Obama announces the 2010 budget
Thursday, February 25. US President Barack Obama has unveiled his nation's budget for 2010 designed to haul America out of the current recession. Among the
provisions the new budget makes are a $634bn spend on healthcare reform, the release of $200bn for fighting the wars in Iraq and Afghanistan over… [continued]
Read the budget in full (pdf) ![]()
Pundits love upbeat Obama address
Wednesday, February 25. Addressing a joint session of Congress for the first time since he became President last month, Barack Obama yesterday warned that the United
States faced a "day of reckoning". He arrived in… [continued]
Read the full text of Obama’s speech ![]()
People: Bobby Jindal fluffs his lines during Republicans' response ![]()

Obama launches rescue plan for homeowners - but is it too late?
Thursday, February 19. Having already signed into law an economic stimulus bill worth $787bn, Barack Obama yesterday announced long-awaited plans to bail out as many
as nine million American families affected by the US housing crisis, at a cost of $275bn. If passed by Congress, the new measures will refinance… [continued]
Shaun Donovan: Obama’s secretary of housing and human development ![]()
Cockburn: can Obama really steer America towards a calmer economy? ![]()
Four weeks into the presidency and already the pundits are moaning
Monday, February 16. With Barack Obama now four weeks into his presidency, what has he achieved? He has already put in motion the closure of Guantanamo Bay,
made huge diplomatic progress with Iran and pushed through a near $900bn economic stimulus. His approval rating among the American public remains around… [continued]
Bill Richardson withdraws ![]()
Tim Geithner runs into tax trouble ![]()
Tom Daschle withdraws, Obama admits he ‘screwed up’ ![]()
Obama’s economic stimulus gets through Senate – just ![]()
Judd Gregg withdraws ![]()
Geithner unimpressive at $3tr bailout launch
Wednesday, February 11. US Treasury Secretary Timothy Geithner yesterday announced the provision of a possible further $3 trillion bail-out funds for the American
economy. Unfortunately for Geithner, his plans were so confusing that even experienced… [continued]
Tim Geithner runs into Senate confirmation trouble ![]()
The Senate narrowly passes Obama’s economic stimulus plan ![]()










