George W. Bush

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Bush State of Union to Focus on Economy

Will stress need for recession-buster measures

(Newser) - During his final State of the Union address tonight, President Bush isn't expected to announce any dramatic new policy initiatives—but will emphasize the need for government action to ward off a recession. The speech, entitled “Trust and Empower,” will call on Congress to permanently extend his $1....

World Is Riveted to US Race
World Is Riveted to US Race
Jan 26, 2008 2:30 PM CST

World Is Riveted to US Race

Workings of US democracy capture global attention

(Newser) - They may not have any say in its outcome, but people all over the world are giving the race for the White House an almost unprecedented level of attention, reports the New York Times, with a special focus on the Democratic contest.  Many hope a new president will bring...

Senate Pushes for Add-Ons to Stimulus Bill

20 million seniors could still be left out of final bill

(Newser) - Senators are balking at yesterday's pleas from President Bush for speedy action on the economic stimulus bill, planning substantial additions and changes, reports the Washington Post.  Proposed additions include $12.5 billion in unemployment benefits, $5 billion in food stamps. and $800 million for winter heating for the poor....

Deal on Stimulus Package Puts Heat on Senate

Bush, Congress bask in the brief glow of cooperation, but can it last?

(Newser) - The $150 billion package of tax breaks for consumers and businesses rolled out yesterday was the first show of bipartisan cooperation sans bloodletting since the  Democrats won control of Congress a year ago, the Washington Post observes. It took panic over a looming recession to make it happen, and it...

Poll: Most Expect Recession but Aren't Hurting—Yet

Poll shows majority fear for future

(Newser) - The vast majority of Americans are convinced the nation is sinking into a recession—but most are not feeling the pinch themselves and have no plans to tighten their belts just yet, according to a Los Angeles Times/Bloomberg poll. A year ago a similar poll showed widespread confidence that the...

Liberals Set to Bash Bush to Finish Line

$8.5M campaign aiming to keep president's approval ratings in the toilet

(Newser) - A liberal advocacy group plans to spend $8.5 million to keep President Bush's approval rating low, the AP reports. Americans United for Change will focus on what it perceives as Bush's failures in Iraq and at home, a move the group hopes will benefit Democrats in the upcoming election...

Stimulus Likely To Be Recipe for Paralysis

Parties in sync now, but 'Act 2' sure to be partisan bickering

(Newser) - Get ready for that glow to wear off: The good feeling on Capitol Hill over a stimulus package will end as soon as the first deal is done, with Republicans and Democrats digging in on various economic cures. The next legislative round, Politico reports, will likely see GOPers fighting to...

Group Counts 932 Falsehoods in Runup to War

False statements by Bush, top officials were 'orchestrated campaign'

(Newser) - President Bush and top administration officials made hundreds of false statements—932, to be exact—about the national security threat from Iraq following 9/11, report two nonprofit journalism organizations. In the two years after the attacks, Bush and top officials stated at least 532 times that Iraq had weapons of...

Bush Vows Quick Boost for Economy
Bush Vows Quick Boost
for Economy
Jan 22, 2008 6:47 PM CST

Bush Vows Quick Boost for Economy

Gives bipartisan lawmakers 3 weeks to forge accord

(Newser) - President Bush pushed his fiscal stimulus plan with lawmakers today and vowed the bipartisan group will find "common ground," the Washington Post reports. The economic boost—which he set at $150 billion—will not kick in overnight, he warned, but said congressional leaders must reach an accord in...

White House Still Lacks Email Archive

Millions of messages missing despite court orders to fix system

(Newser) - The ongoing controversy over the potential disappearance of millions of White House emails stems from an inadequate archiving system that has not been brought up to snuff despite court orders to do so, the Washington Post reports. In fact, the White House scrapped a system put in place by the...

Asian Stocks Continue Plunge
Asian Stocks Continue Plunge
UPDATED
Jan 22, 2008 3:25 AM CST

Asian Stocks Continue Plunge

Stocks tumble for second straight day

(Newser) - Jitters over the US economy led to a major sell-off in Asian markets for the second straight day, with Australia's benchmark index closing down 7.1%—the biggest single-day loss in nearly 20 years. India's Sensex index skidded 10%, triggering a shutdown, but rallied to close down 4.6%. Japan's...

Europe Sees Biggest Stock Plunge Since 9/11

US futures drop, adding to fears for domestic markets

(Newser) - Amid continuing concerns about a US recession, European stocks took their biggest single-day plunge since 9/11 today, reports MarketWatch. Losses from financial institutions appeared to be the biggest culprit in the day's 5.4% drop, which added to a crippling trend: The Dow Jones Stoxx 600 index has dropped 23%...

Dutch Brace for Terror Before Koran Shredding

Right-wing pol vows to air anti-Muslim film

(Newser) - The Dutch government expects violent protests in response to an anti-Muslim film—said to include images of the Koran being shredded—that a right-wing lawmaker has vowed to make public this month. Geert Wilders, one of nine members of an extremist party in the Dutch lower house, aims to expose...

GOP Hopefuls Face Post-Bush Quandary
GOP Hopefuls Face Post-Bush Quandary
OPINION
Jan 20, 2008 5:39 PM CST

GOP Hopefuls Face Post-Bush Quandary

Openness to diverging views would help, Newsweek says

(Newser) - Amid debate jabs and funding worries, GOP presidential hopefuls have a bigger problem: what kind of Republican to be in the impending post-Bush era. Newsweek’s Evan Thomas explores their recent mis-steps, and urges them to be humble and open to diverging views—the opposite of Bush's "yes man"...

For Sale: These United States
For Sale: These United States
OPINION
Jan 20, 2008 10:41 AM CST

For Sale: These United States

Bush, US companies reduced to holding out a tin cup

(Newser) - Some Americans are outraged about illegal immigrants crossing the Mexican border, but the New York Times' Maureen Dowd thinks that the breech of some financial boundaries are of greater concern. "Who’s going to own the American economy?" she asks, pointing to oil-rich countries taking advantage of the weak...

Bush Pitches $145B in Tax Relief
Bush Pitches $145B in
Tax Relief
Jan 18, 2008 11:54 AM CST

Bush Pitches $145B in Tax Relief

Stimulus plan includes business incentives, individual rebates

(Newser) - President Bush today called for a $145 billion stimulus package to stop the economy from sliding into a recession, the Wall Street Journal reports. A bipartisan plan loaded with compromises is likely in the near future. Valued at 1% of GDP—and in line with dollar amounts suggested by the...

Bernanke Can't Rally Markets
Bernanke Can't Rally Markets
Jan 18, 2008 4:00 AM CST

Bernanke Can't Rally Markets

Dow Jones drops another 3% as economic data puts black cloud over Wall Street

(Newser) - Signs the housing market black hole was worsening and pulling down the rest of the economy spurred the DJIA to slide another 3% yesterday as investors decided a federal rescue plan was too late to help, reports the New York Times. Even reassuring words from Fed Chair Ben Bernanke that...

473 Days of White House Emails Missing

Millions of messages may have been lost and federal law ignored

(Newser) - An internal White House study found that  email messages weren't archived for hundreds of days between 2003 and 2005, the Washington Post reports. The disclosure follows the White House admission that administrators recycled back-up tapes for the first three years of Bush's presidency, possibly losing millions of emails during a...

Iran Prez Lashes Out at Bush, Israel

He says Tehran's Mideast foe 'would not dare attack'

(Newser) - Iran President Mahmoud Ahmadinejad took aim against two familiar foes with strong rhetoric today, BBC reports. He accused President Bush of "sowing seeds of division" during his Mideast trip and warned Israel not to threaten Tehran. "The Zionist regime would not dare attack," he said after Israel...

Bush Favors Tax Rebates for Stimulus

Congress considers refunds of up to $800 as recession fears grow

(Newser) - President Bush's plan to give the economy a temporary lift favors tax rebates of up to $800 for individuals and tax breaks for businesses, the AP reports. Bush met privately with lawmakers today and will outline his plan tomorrow. Congress hopes to act quickly as fears of a recession grow....

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