Posts tagged as:

Bush

Bush May Be Warming to the Idea of a Second Stimulus Package

20 October 2008

Even though many politicians – including President Bush – are still reticent to use the “R” word (recession), economic pundits, including those in the Bush administration are using it. Ed Lazear, President Bush’s chief economic adviser, has been quoted as saying that “parts of the country” are in a recession. With the threat (or reality, [...]

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Pelosi Confirms Tax Rebates “Unlikely” Before New Year

18 October 2008

In a move that should surprise very few, House Speaker Nancy Pelosi confirmed yesterday that Congress is “unlikely” to approve an economic stimulus package that included tax rebate checks during this calendar year. The Democrats are, however, still pressing for approval on their $61 billion “economic stimulus package” which includes relief for the jobless and [...]

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Update on the Federal Deficit

4 August 2008

John McCain and Barack Obama both promise to be fiscally responsible and not raise taxes on the middle class if elected president. It’s a tall order no matter who wins… the current White House has released information about the country’s economic status and it’s not good news. Last week, the White House estimated that the [...]

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House Passes Tax Bill to Repeal AMT; White House Threatens Veto

26 June 2008

Defying the White House, Representatives in the US House voted to prevent about 22 million taxpayers from being hit by the alternative minimum tax (AMT). What? Oh yeah, just like with any headline, there’s more. The idea of AMT relief was originally endorsed by the GOP (such as Senator McCain). The problem with AMT relief? [...]

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Bush Urges Congress to Make Tax Cuts Permanent

2 June 2008

As his popularity continues to decline, President Bush has re-introduced legislation to extend his 2001 and 2003 or risk what he is calling “the largest tax increase in history.” Realistically, some of the cuts will likely be extended or made permanent – but not all. Bush claims, for example, that allowing the tax cuts to [...]

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McClellan Tells All in “What Happened” – Is This A First?

30 May 2008

Scott McClellan has tongues wagging with the release of his book, What Happened: Inside the Bush White House and Washington’s Culture of Deception. It has already hit the number 1 spot on Amazon.com’s best seller list. The book suggests that Bush lied to the American people to promote his agenda for a war in Iraq. [...]

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Farm Bill: Really Green Acres? Democrats Vow to Fix Bill

22 May 2008

Oh politics. It’s all about being right, isn’t it? You know, rather than doing the right thing? President Bush vetoed the farm bill (the 190th veto of his presidency) claiming, rightfully so, that it was too expensive and would send too much in the way of subsidy to rich farmers. The House voted 316-108 to [...]

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Bush to Veto Tax Cut Repeal for Big Oil

26 February 2008

On Wednesday, Congress will consider rolling back nearly $18 billion in tax breaks for large oil companies pushed through in 2005. The White House has already voiced its intention to veto such a bill if it passes. Democrats are hopeful that the bill will pass. Last year, a similar bill languished in the Senate when [...]

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Costly Immigration Bill Dies

28 June 2007

And just like that, the Senate voted no on the controversial immigration bill. Even worse, there were signals that the bill would not be revived again until 2008 – not coincidentally after the next round of elections. This was a major blow to President Bush, who had made this a priority. In response, Bush said, [...]

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Whatcha Gonna Do When They Come For You?

26 June 2007

I read with unlimited glee and profound satisfaction the US Department of Justice press release of the nineteen count indictment of Steve Yagman. As a retired Los Angeles Police detective and a proud past member [sic] the Special lnvestigations Section (The “Death Squad” as referenced by Mr. Yagman), I would like to wish Mr. Yagman [...]

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