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Aug 10, 2011

USA News, Aug 10, 2011


Obama: 2012 will be clash of visions
USA Today (blog)
By David Jackson, USA TODAY President Obama is casting next year's election as a clash of very different visions about government. "The Republican Party has been presenting its vision quite vividly over the last six months," Obama told a group of ...
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USA Today (blog)
Oprah Shills for Obama; Jerry Lewis Dissed
NewsMax.com
... as leading to the election of, in his words, "Republican extremists," according to an email he sent to USA Today. The DreamWorks exec blamed the same "extremists" for taking the nation close to a US default in the recent debt ceiling negotiations. ...
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Poll: 24% say most members of Congress deserve reelection
The Hill (blog)
Just 34 percent each said they approve of the way Obama is handling the economy and the federal budget deficit; 37 percent approve of the way the president is handling unemployment. The new USA Today/Gallup poll was conducted Aug. ...
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Bill O'Reilly: Saving the Folks From Economic Hardship
Fox News
... in the United States Senate who were prepared to do a bigger deal. DAVID AXELROD, OBAMACAMPAIGN ADVISER: The fact of the matter is that this is essentially a Tea Party downgrade. The Tea Party brought us to the brink of -- of a default. ...
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US economy no longer seen as strongest
The Voice of Russia
It is an event of major symbolic importance by itself – the slight changes, the probability of default is not something absolutely major, but the fact that the US is losing its status, whereas it was considered the world's supplier of safe assets. ...
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The Voice of Russia
Taxpayers Stuck With Unsold Ferries in Loan Default
Bloomberg
The loan guarantees helped the firm finance the ferry purchases from shipbuilder Austal USA, based in Mobile, Alabama. The Superferry's default occurred because a Hawaii court ruled the state shouldn't have let the company skip an environmental impact ...
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Curtain falls on US debt ceiling drama only to roil global markets
Financial Express Bangladesh
The long protracted bickering barely over, the US Congress passed into law a compromise bill to raise the debt ceiling by some $2.3 trillion dollars on August 02, 2011 thus averting the possibility of an imponderable default by the most trusted ...
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Was the debt-ceiling deal good for the country?
Bangor Daily News
Did he not threaten default by threatening to veto the bill? The debt ceiling deal was no deal for this country. It shows how partisan politics has become and how out of touch politicians are with their constituents. The USA is basically leaderless and ...
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Bird's Eye View of the US Debt Debacle
The Epoch Times
“According to media reports (which has now become the accepted and conventional belief), this will be the first time the USA has ever defaulted on its debt obligations,” opined an article on the Chartlines website, a blog that brings the latest news ...
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The Debt Deal is done, but Solving Our Debt Problems is just starting
Planet Weekly (blog)
While a default could have occurred and would have been disastrous, a serious element of the Debt Debate relates to the country's credit rating. Standard and Poor's, the credit rating leader for the world, has told America's leaders the USA's financial ...
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Sen. McCaskill: Jobs bill unlikely this year
The Hill (blog)
... House Republicans have put our economy at risk by threatening a first-ever default on our debt and refusing to propose legislation to create jobs,” House Minority Leader Nancy Pelosi (D-Calif.) wrote in a column for USA Today last week. ...
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US Feeds the World, While Russia and China Criticize Our Debt
Fox News
They need pressure from the rest of the world to buck up and help out. The USA need not be the most generous country, time for the these almost Super-powers to contribute. In the last two weeks America has gotten close to a default on our credit. ...
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Bank of America death-watch
Salon
An even more troubling sign is that its credit default swaps, which strongly influence the bank's cost of raising new funds in the bond market, have also shown considerable decay. Yet officials at the Financial Stability Oversight Council, ...
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Salon
Reality Check: Reader's Responses
Aquarian Weekly
They are playing with our nation's integrity here, and to use this “crisis” or looming deadline to default as a hammer to make a point is the kind of thing that exposes pure capitalists for what they are; tools of the rich. Hmmmm….interesting theory. ...
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Aquarian Weekly
Obama: 2012 will be clash of visions
Tucson Citizen
by USA Today Feed on Aug. 09, 2011, under USA Today News President Obama is casting next year's election as a clash of very different visions about government. “The Republican Party has been presenting its vision quite vividly over the last six months ...
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Committee, Obama offer hope for debt-reduction plan
Arizona Daily Star
Instead, Wall Street assumed that because default was unthinkable, it did not have to price that possibility into its risk assessment. Did any of these wizards ever listen to a speech by Michele Bachmann or her fellow tea partyers? ...
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Obama says US is still a AAA country
Daily Press
A joint bipartisan congressional committee, to be formed under the legislation passed last week that averted a government default, is to report its recommendations in late November on how to cut $1.5 trillion in spending over a decade. Obama said he ...
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Ex-Obama aide confesses: 'We are pretty darn f**ked' — RT
By RT
Everyone's thinking it, but few are saying it. For former Obama aide Dr Christina Romer, however, she didn't see any reason to censor herself Friday night on the Real Time with Bill Maher television program. ... After billionaire Warren Buffet had some negative words for Standard & Poor's on Friday, the credit ratings agency got a little pessimistic themselves by offering up some bad news for Buffet's Berkshire Hathaway. US debt crisis ...
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