Archive for September 18th, 2008
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Kucinich, lawmakers blast Yankee Stadium deal
A congressional panel has taken tough swings at the New York Yankees and New York City government over a new stadium for the Yankees. But neither the team nor the city budged from their positions on the $1.3 billion structure.
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Just the Facts: The Administration’s Unheeded Warnings About the Systemic Risk Posed by the GSEs
For many years the President and his Administration have not only warned of the systemic consequences of financial turmoil at a housing government-sponsored enterprise (GSE) but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. President Bush publicly called for GSE reform 17 times in 2008 alone before Congress acted. Unfortunately, these warnings went unheeded, as the President’s repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems.
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Fact Sheet: Confronting Economic Challenges Head On
Today, President Bush outlined decisive government action to preserve and sustain America’s financial system and economy. This is a pivotal moment for America’s economy. Problems that originated in the credit markets – and first showed up in the area of subprime mortgages – have spread throughout our financial system. As a result, the government is acting now to protect our Nation’s economic health from serious risk.
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President Bush Welcomes NBA Champion Boston Celtics to the White House
President Bush on Friday said, “I’m proud of your character. I want to thank the Celtic organization for what you do off the court as well. I believe there is a huge responsibility not only to try to win on the court but to be responsible citizens in the community in which you live. The Shamrock Foundation, for example, helps disadvantaged children during the season and after the season. I appreciate the fact that during the second quarter of every home game, the Celtics honor some caring citizen; someone who I said is a soldier in the army of compassion. With the “Hero Among Us” program, that’s a really good idea, and I thank you for doing that. I want to congratulate you for worrying about children and literacy and using your special status in society to set a good example.”
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Family Day, 2008
Strong families are essential to the well-being of our Nation. On Family Day, we celebrate the relationship between parents and their children, and we recognize the importance of families spending time together.
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National Farm Safety and Health Week, 2008
Agriculture has always been a vital part of America’s economy and culture, and our farmers and ranchers are among the best stewards of our land. During National Farm Safety and Health Week, we recognize those working in agriculture for their contributions to our Nation’s prosperity, security, and health, and we also seek to raise awareness about the occupational hazards of this industry.
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President Bush Meets with Prime Minister Nasser Al-Sabah of Kuwait
President Bush on Friday said, “Kuwait is a strategic partner of the United States. And our discussion today was befitting of our strategic partnership.”
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President Bush Discusses Economy
President Bush on Friday said, “In the long run, Americans have good reason to be confident in our economic strength. America has the most talented, productive, and entrepreneurial workers in the world. This country is the best place in the world to invest and do business. Consumers around the world continue to seek out American products, as evidenced by record-high exports. We have a flexible and resilient system that absorbs challenges and makes corrections and bounces back.”
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Memorandum for the Secretary of the Treasury
Pursuant to section 10(b) of the Gold Reserve Act of 1934, as amended, 31 U.S.C. 5302(b), I approve the use of funds from the Exchange Stabilization Fund to provide up to $50 billion as a guaranty facility for certain money market mutual funds, consistent with your recommendation to me and the terms and conditions set out in your memorandum to me dated September 18, 2008.
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McCain Effort to Tie Obama to Fannie Mae Woes Sets off Political Brawl (CQPolitics.com)
CQPolitics.com – Republican presidential nominee John McCain sparked a furious exchange of campaign attacks Thursday night with the release of a television ad linking Democratic nominee Barack Obama to a former Fannie Mae chief who was forced out by an accounting scandal.
