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Monday, November 7, 2011

Obama (2-1/2 years) better for Wall Street than Bush (8 years)more money under Obama..

http://dailycaller.com/2011/11/07/wall-street-firms-earned-more-under-obama-than-8-years-of-bush/

 Obama (2-1/2 years) better for Wall Street than Bush (8 years)more money under Obama..


President Barack Obama will fly to Denver, the place where he accepted the Democratic Party's nomination last summer, to sign the "American Recovery and Reinvestment Act'' into law on Tuesday.
It's "as good'' a place "as any" to sign the $787-billion measure into law, White House Press Secretary Robert Gibbs said on CBS News' Face the Nation this morning.
Watch for a lot of Obama's biggest initiatives in the War on Recession to carry datelines outside of Washington. And this one is big - with the signing, the White House spokesman noting, arriving in "just his fourth week in office.'' Even while Obama was campaigning for the measure last week, he conceded that it was imperfect -- even joking at one point on the road: What is one to expect? It's coming from Washington.
With the same alacrity, the president will turn his attention to the housing crisis, planning to announce his intentions the next day in Phoenix - with an overnight journey to two Western centers central to his party's campaign for broader appeal.
Of course, the bipartisan push that the president has made since inauguration is not going that well - only three Republicans in the entire Congress voted for the stimulus, CBS News' Bob Schieffer reminded Gibbs this morning. But the White House could not have passed the bill without the three Republican senators - Olympia Snowe and Susan Collins of Maine and Arlen Specter of Pennsylvania -- who backed it, Gibbs noted.
Asked if this measure will avert an increase in unemployment to 10 percent this year, the White House spokesman said they count on it to help avoid "double-digit'' joblessness.
The White House suffered a setback last week with the withdrawal of Sen. Judd Gregg of New Hampshire from nomination as Commerce secretary, with the Republican explaining that he had had an "unresolvable'' political conflict with the new administration, starting with the stimulus, which he oppsed Friday. Gibbs made it fairly clear that the search for a new nominee probably won' result in another Republican candidate.
It "is what it is,'' Gibbs said of the Gregg withdrawal -- a change of heart, nothing more to it. 'He changed his mind."
The White House also appears to have some reservations about the tougher caps on executive compensation for banks participating in the federal bailout than what the president had ordered. Pressed on the question of whether the White House will enforce the regulations - they are in the bill, and the president plans to sign it, Gibbs said, the press secretary would only say: "He will sign this bill Tuesday.''



 Obama after dinner.jpg

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