Archive for April 20th, 2009

Obama First 100 Days In Office

obamaWhat Obama has done approaching his 100 days in office. How do you grade his performance?

Day 84: Allison to Head TARP, Obama Eases Travel Limit to Cuba (Apr. 13) Obama will tap Fannie Mae Chief Executive Herb Allison to head the government’s $700 billion Troubled Asset Relief Program. King Abdullah II will meet Obama on 21 April in DC. The meeting will focus on efforts to reach a two-state solution to the Israeli-Palestinian conflict. Talk Day

83: Obamas Celebrate Easter (Apr. 12) Obama and his family took communion as they celebrated Easter at St. John’s Church in their first public worship service since the inauguration. Talk

Day 82: (Apr. 11) The President discusses the multitude of problems and opportunities before the world through the prism of Passover and Easter. Talk

Day 80: Feds to Buy 17,600 Fuel-Efficient Cars (Apr. 9) Obama, saying that the government would purchase 17,600 new fuel-efficient vehicles from American automakers by June 1. Obama said millions of Americans can save money by refinancing their homes and taking advantage of record low rates on fixed mortgages. Talk

Day 79: Obama Returns Home. The president returned to Washington. Obama didn’t get European nations to step up with the kind of immediate stimulus spending that might quickly jump-start their economies. Failed

Day 78: Obama Makes Surprise Visit to Iraq (Apr. 7) Obama made an unannounced visit to Iraq. Talk

Day 77: Obama Visits Turkey (Apr. 6) President Barack Obama sought to rebuild ties with Turkey. Obama’s two-day visit was a bashing of America.

Day 76: EU and US Join Forces (Apr. 5) The European Union said that it has joined forces with the U.S. to tackle a “severe and global” economic crisis. Talk

Day 75: Financial Industry Paid Millions to Obama Aide (Apr. 4) Lawrence Summers, the top economic adviser to Obama, earned more than $5 million last year from the hedge fund D. E. Shaw and collected $2.7 million in speaking fees from Wall Street companies that received government bailout money. Shame

Day 74: Congress Approves Budget Plans (Apr. 3) Congress approved budget blueprints embracing Obama’s agenda. The new chief executive of General Motors has embraced a change of direction for the automaker. Obama bow to Saudi King, King Abdullah bin Abdul Aziz Al Saud. Shame

Day 73: McCain Blasts Obama’s Plan and the G20 Goes On (Apr. 2) Sen. John McCain blasted the Obama administration’s budget proposal. Talk

Day 72: Obama Plays Down G20 Splits (Apr. 1) Obama said there was “enormous consensus” between the world’s largest developed and emerging economies.Obama strongly supports legislation that would give the U.S. Food and Drug Administration the power to regulate cigarettes. Talk

Day 71: Obama’s Auto Stance May Include Bankruptcy (Mar. 31) Obama ordered General Motors and Chrysler to accelerate their survival efforts. Talk

Day 70: GM, Chrysler Get Ultimatum From Obama on Turnaround (Mar. 30) Obama asserted unprecedented government control over the auto industry. Government Takeover

Day 68: Obama Announces 3 Treasury Dept. Nominees (Mar. 28) Obama nominated Helen Elizabeth Garrett as assistant secretary for tax policy, Michael S. Barr as assistant secretary for financial institutions and George W. Madison as general counsel. Shame

Day 67: Overhaul of Financial Markets Facing a Bumpy Road (Mar. 27) The Obama administration’s proposed overhaul of US financial market regulations. The government imposed mileage standards for passenger cars and boosted the floor for sport utilities and pickups beginning with model year 2011 vehicles. Government Takeover

Day 66: US Planning Expansion Of Financial Market Oversight (Mar. 26) Obama hold a town hall meeting—online. Obama is taking questions in the East Room from the general public. Talk

Day 65: Geithner: Economic Deterioration Starting to Slow (Mar. 25) A panel led by former Federal Reserve Chairman Paul Volcker will study options for U.S. tax reform and report back to Obama by Dec. 4. Talk

Day 64: Obama Sees ‘Signs of Progress’ on Crisis (Mar. 24) Obama said he hopes “it doesn’t take too long to convince Congress” to approve new authority to oversee big, tottering financial firms. Obama will meet with about a dozen top bank chief executives from JPMorgan, Goldman Sachs and Citigroup, according to sources. Talk

Day 63: Geithner: New Plan Will Help Credit Flow (Mar. 23) The Treasury revealed details of a highly-anticipated plan to set up public-private investment funds that will buy up to $1 trillion in troubled loans and securities at the heart of the financial crisis. Talk

Day 62: Economy to Rebound Within a Year? (Mar. 22) Obama said the financial system could still implode if a large bank were to fail, and “big problems” could result if the government does not try to lessen the risk. Punch Drunk

Day 61: Ready to Unveil a Toxic Asset Plan (Mar. 21) Obama vowed to stick to the big-ticket items in his budget proposal but acknowledged that dollar amounts would “undoubtedly change” as Congress prepared to take up his record spending plan. Government Takeover

Day 60: Reaching Out to Iran & a “Tonight Show” Appearance (Mar. 20) Obama was somber and light-hearted in an unusual appearance on “The Tonight Show with Jay Leno,”. Insult Special Olympics

Day 59: Schwarzenegger Helps Obama (Mar. 19) Obama pit his Republican critics in Washington against GOP governors and mayors eager for the federal money that his hard-fought stimulus plan will bring.

Day 58: Obama Officials Sought to Keep AIG Bonuses (Mar. 18) In a new Web video, Obama is asked Americans to help him pass his $3.6 trillion budget. “I’m asking you to head outside this Saturday to knock on some doors, talk to some neighbors, and let them know how important this budget is to our future,” Begging for support

Day 57: Strict Limits on AIG? (Mar. 17) The Obama administration says it’s trying to put strict limits on the next $30 billion installment in taxpayers’ money. Talk

Day 56: Obama Gives Boost To Small Businesses and attacks AIG Bonuses (Mar. 16) Obama said all legal measures will be taken to stop AIG execs from receiving bonuses that come from government money. Shame, Get Tape from Osama bin Laden

Day 53: Obama Speaks To Business Roundtable about Banks (Mar. 15) Obama said the true status of bank balance sheets was not known, and he would act decisively to make sure major banks have enough money to operate. Talk

Day 52: Geithner: Spending Hikes are Short-Term (Mar. 12) Geithner defended it in testimony before the Senate Budget Committee, saying current increases in spending are short term and will have to be substantially reduced to get the country back into fiscal shape. Shame

Day 51: Obama Targets ‘Earmarks’ in New Spending Bill (Mar. 11) Obama agreed to sign an “imperfect” spending bill to keep the government running. Sign Bill Restricting Federal Funds for Stem Cell. Shame

Day 50: The Halfway Point (Mar. 10) Three Cabinet nominees who withdrew, the criticism that Obama is turning his back on his proposal for more bipartisanship. Talk

Day 49: Obama OKs Stem Cell Research (Mar. 9) Obama lifted some restrictions on federal funding of human embryonic stem cell research. Shame

Day 48: More Appointed to Treasury Department. Obama nominated David S. Cohen to be assistant secretary; Alan B. Krueger for assistant secretary for economic policy; and Kim N. Wallace as assistant secretary for legislative affairs. Shame

Day 47: Discovering Opportunity in the Crisis (Mar. 7) Obama challenged the nation Saturday to not just hang in there but rather to see the hard times as a chance. Talk

Day 46: Obama Touts Economic Gains (Mar. 6) Obama tried to highlight some good news and tout his economic plan. Talk

Day 45: Obama Team Working ‘Around the Clock’ (Mar. 5) Obama invited more than 120 people to the White House to discuss how to fix the world’s costliest health care system. Talk

Day 44: New Housing Plan Launched (Mar. 4) The Obama administration launched a $75 billion foreclosure relief plan. Flop

Day 43: Stimulus Package Looking Hopeful? (Mar. 3) The Senate voted to preserve thousands of earmarks in a $410 billion spending bill. McCain attempted to strip out an estimated 8,500 earmarks failed on a vote of 63-32. Shame

Day 42: Health Reform Positions Nominated (Mar. 2) Obama named Kansas Governor Kathleen Sebelius to lead his health reform effort. He also named former Clinton administration health official Nancy-Ann DeParle to serve as head of the newly created White House Office for Health Reform. Shame

Day 40: Big Budget Fight Ahead (Feb. 28) Obama warned he was bracing for a fight against powerful lobbyists and special interests who sought to pick apart the $3.55 trillion budget. Shame

Day 39: Obama’s Tax Breaks Applauded (Feb. 27) The Obama administration’s autos task force demonstrated a “genuine willingness” to understand the plight of GM and the restructuring plan. Obama nominated Jon Leibowitz to be chairman of the Federal Trade Commission. Shame

Day 38: Additional $250 Billion Needed to Help Financial System? (Feb. 26) Obama has forecast a 2009 deficit of $1.75 trillion in a budget proposal. Obama is sending Congress a budget that would boost taxes on the wealthy and curtail Medicare payments to insurance companies and hospitals to make way for a $634 billion down payment on universal health care. Shame

Day 37: Obama Lays Out Reform Plans, House Approves $410 Billion Legislation (Feb. 25) Democrats in Congress are moving to give domestic government agencies 8 percent more money. Obama nominated Gary Locke to be U.S. commerce secretary. Obama and Geithner plan to lay out broad principles for Wall Street regulatory reform. Talk

Day 36: Obama’s Speech & A New Commerce Secretary (Feb. 24) Obama will tell Americans in his first major speech that “we will rebuild, we will recover” from the worst economic crisis in decades. Talk

Day 35: Obama’s Economic Summit (Feb. 23) President Obama pledged to dramatically slash the annual budget deficit and announced $15 billion in Medicaid money to states from his $787 billion economic stimulus package. Talk

Day 34: Obama to Set Big Goals in First Budget (Feb. 22) Obama budget will set out big goals: to rescue the economy from freefall, expand U.S. health care coverage and move within a few years to slash huge deficits. Talk

Day 33: Obama Begins Tax Cuts (Feb. 21) Obama ordered the Treasury to implement tax cuts for 95 percent of Americans. Talk

Day 32: Obama’s Adviser: Crisis May be Worse than Depression (Feb. 20) The White House is trying to help people who have been “victims of the unforeseen circumstance” with their mortgages. Talk

Day 30: Obama Unveils $275 Billion Housing Plan (Feb. 18) Obama unveiled his plan to fight the housing crisis, pledging up to $275 billion to help stem a wave of foreclosures sweeping the country. Shame

Day 29: Stimulus Signed into Law (Feb. 17) Obama signed a $787 billion economic stimulus bill into law. Government Spending

Day 28: White House Wants Changes in Exec. Pay Rules (Feb. 16) Obama administration wants to revise that part of the stimulus package. Talk

Day 26: Your Weekly Address (Feb. 14) Obama celebrates the passage of the American Recovery and Reinvestment Act. Talk

Day 25: House Approves Stimulus Package (Feb. 13) The U.S. House of Representatives approved a $787 billion package of spending and tax cuts aimed at rescuing the struggling economy. Talk

Day 24: Key Stimulus Dispute Settled…Sen. Gregg Withdraws (Feb. 12) The Obama administration is hammering out a program to subsidize mortgages. Talk

Day 23: Stimulus Pact Reached (Feb. 11) Congressional negotiators reached agreement on a $789 billion package of spending and tax cuts. Lawmakers urged Geithner to provide more details on how much taxpayer money the Obama administration’s bank rescue plan ultimately will cost. Shame

Day 22: A New Bank Bailout Plan (Feb. 10) The US Treasury Department unveiled a revamped financial rescue plan to cleanse up to $500 billion in spoiled assets from banks’ books and support $1 trillion in new lending through an expanded Federal Reserve program. Shame

Day 21: Stimulus Bill Passes Crucial Senate Test (Feb. 9) An $838 billion economic stimulus bill backed by the White House survived. Obama insisted that only government can jolt the economy out of deep recession. Talk

Day 20: Stimulus Package This Week? Top aides to Obama urged Democratic and Republican lawmakers to set aside political differences and give final approval this week to a massive economic stimulus package this week. Talk

Day 19: Obama Demands Speed on Stimulus (Feb. 7) Obama commends the progress the Senate has made on moving the recovery plan forward, and urged its completion. Talk

Day 18: Strengthening the Economic Stimulus Plan (Feb. 6) Obama named former Federal Reserve Chairman Paul Volcker to help guide his efforts to rescue the economy. Obama plans to participate in town hall-style meetings next week. Talk

Day 17: Stimulus Bill Debate Continues (Feb. 5) Obama urged action on a $900 billion stimulus bill before Congress. Geithner will convene his first meeting as Chairman of the President’s Working Group on Financial Markets. Talk

Day 16: Obama Imposes New Pay Rule (Feb. 4) Obama imposed tough new rules to rein in corporate pay, capping executive compensation at $500,000 a year for companies receiving taxpayer funds and limiting lavish severance packages paid to top officials. Talk

Day 15: Withdrawals, Withdrawals… But the Show Goes On (Feb. 3) Former Senator Tom Daschle has withdrawn his name for Secretary of Health and Human Services. Nancy Killefer, also withdrew her nomination because of tax reasons. A group of Republican senators offered a $445 billion alternative plan to boosting the ailing economy. New U.S. Attorney General Eric Holder said he would prosecute Wall Street crime. Shame

Day 14: Obama Targets CEO Pay (Feb. 2) The Obama administration indicated that it will not unveil new measures to aid the financial services industry this week, but will instead move on the issue of Wall Street bonuses and executive compensation. Shame

Day 13: Obama’s Bill ‘Wastes a Ton of Money’: Sen. Kyl (Feb. 1) Discussions between the Obama administration and financial industry representatives continued for a third day with the focus moving to new terms on lending, transparency and executive compensation for companies receiving financial aid. Talk

Day 12: Your Weekly Address (Jan. 31) Obama urged the swift passage of an American Recovery and Reinvestment Plan. Talk

Day 11: Obama Administration Meets with Wall Street Execs. (Jan. 30) Officials from the Obama administration held meetings with Wall Street executives on how to create a new government bank to buy bad assets from major financial firms. Government Takeover

Day 10: Obama: Wall Street Bonuses are ‘Outrageous’ (Jan. 29) Obama said it is “irresponsible and shameful” for Wall Street bankers to be paid huge bonuses at a time when the America is dealing with economic hardship. Talk

Day 9: Stimulus Package Passes Vote in House (Jan. 28) Democratic-controlled U.S. House of Representatives approved $819 billion in spending increases and tax cuts. Republicans in the House, however, offered an alternative proposal to boost the struggling U.S. economy. The cost of their proposal is approximately $478 billion. Shame

Day 8: The Stimulus Package Plan Moves Forward (Jan. 27) Obama said he wants the House to pass legislation that hits his goal of spending 75 percent of the $825 billion stimulus plan within 18 months. Symantec president John Thompson is Obama’s top choice for commerce secretary. Bill Richardson withdrew on Jan. 4 in the face of a legal inquiry. Shame

Day 7: Obama’s New Climate Policies (Jan. 26) Timothy Geithner won confirmation as U.S. Treasury secretary and vowed to act quickly to protect the U.S. economy.Geithner’s late payment of $34,000 in self-employment taxes questioned if he was well suited for the job. Shame

Day 5: Your Weekly Address (Jan. 24) President, Barack Obama discusses how the American Recovery and Reinvestment Plan will jump-start the economy. Talk

Day 4: Stimulus Package by President’s Day? (Jan. 23) Obama met with top Democratic and Republican leaders. He said the government needed to move “swiftly and aggressively” as the economy and the financial system struggle. Talk

Day 3: House Considers Obama’s Plan (Jan. 22) The U.S. House Ways and Means Committee began debating $20 billion in energy tax credits. House Speaker Nancy Pelosi said the house next week would consider the $825 billion economic stimulus package sought by Obama. Obama, who worried after winning office that he would have to part with his BlackBerry. Obama signed executive orders ordering the closing of the Guantánamo detention camp. Shame

Day 2: Back to Business (Jan. 21) Obama set up shop in the Oval Office, summoned advisers to begin dealing with war and recession. Obama froze salaries for top White House staff members earning $100,000 or more. He make phone calls to Israeli, Palestinian, Egyptian and Jordanian leaders. Obama imposed the New Freedom of Information Act rules.Obama also imposed tighter ethics rules governing when administration officials can work on issues on which they previously lobbied governmental agencies, and banning them from lobbying the administration after leaving government service. Talk

Day 1: Inauguration Day (Jan. 20) The first African-American U.S. president swore to preserve, protect and defend the Constitution. Talk

Follow

Get every new post delivered to your Inbox.