Friday, January 29, 2010

Economy grows at 5.7 pct pace, fastest since 2003

WASHINGTON (AP) - The economy's faster-than-expected growth at the end of last year, fueled by companies boosting output to keep stockpiles up, is likely to weaken as consumers keep a lid on spending.

The 5.7 percent annual growth rate in the fourth quarter was the fastest pace since 2003. It marked two straight quarters of growth after four quarters of decline. Growth exceeded expectations mainly because business spending on equipment and software jumped much more than forecast.

Still, economists expect growth to slow this year as companies finish restocking inventories and as government stimulus efforts fade. Many estimate the nation's gross domestic product will grow 2.5 percent to 3 percent in the current quarter and about 2.5 percent or less for the full year.

That won't be fast enough to significantly reduce the unemployment rate, now 10 percent. Most analysts expect the rate to keep rising for several months and remain close to 10 percent through the end of the year.

High unemployment and stagnant wage growth will likely keep consumers cautious about spending. Wages and benefits paid to U.S. workers posted a scant gain in the fourth quarter. And for all of last year, workers' compensation rose by the smallest amount on records going back more than a quarter-century.

The economic recovery could falter if consumers, who account for 70 percent of economic activity, lack the income to ramp up spending.

"That's why there's so much hand-wringing right now," said Brian Bethune, chief U.S. financial economist for IHS Global Insight. "Can the economy really sustain this? That's the big question mark sitting out there."

With hiring still weak, President Barack Obama has stepped up his focus on job creation. On Friday, he will outline the specifics of a proposal to provide tax cuts to small businesses that hire new workers. He touted the plan in his State of the Union address earlier this week.

The goal is "to encourage businesses to respond to rising demand and output by taking the plunge and hiring new workers again," said Christina Romer, Obama's top economic advisor.

About 60 percent of the fourth quarter's growth resulted from a sharp slowdown in the reduction of inventories as firms began to rebuild stockpiles depleted by the recession.

Changes to inventories added 3.4 percentage points to the fourth-quarter growth, the Commerce Department said in its report Friday. Excluding inventories, the economy would have grown at a 2.2 percent clip, the government said. That's an improvement from 1.5 percent in the third quarter.

Consumer spending rose 2 percent, down from a 2.8 percent rise in the third quarter. It added 1.4 percentage points to GDP growth.

A steep increase in exports also helped boost growth last quarter. The shipment of goods overseas rose 18.1 percent, far outpacing a 10.5 percent rise in imports. Net exports added 0.5 percentage point to GDP.

Government spending was actually a slight drag on growth in the fourth quarter: A small increase in federal spending was outweighed by a drop in state and local spending.

Still, federal government spending is likely to pick up and add to growth in the first quarter, Bethune said.

Business spending will likely boost economic growth for several quarters, Bethune said, though not likely enough to make up for sluggish consumer spending. Many companies are upgrading computers, cell phones and machinery as their equipment needs to be replaced just to maintain current levels of production.

In addition, many businesses have healthy balance sheets and don't need to pay off the large debts that households are struggling with, Bethune added.

For now, the growing economy is benefiting companies up and down the supply chain. Ford Motor Co. this week reported higher fourth-quarter sales and its first annual profit in four years, as it recovers from the devastating downturn the auto industry.

Ford's "recent success has benefited us," said Tom Schumann, general manager of EC Kitzel & Sons Inc., a small cutting tool fabricator based in Cleveland, Ohio.

The company, which has 30 employees, bought a new machine tool in December and hired a new worker to run it, the company's first hire since last spring. Still, many of the company's suppliers are struggling.

"I'm not totally convinced we're out of the woods yet," Schumann said, referring to the economy.

Friday's report is the first of the government's three estimates of gross domestic product and is likely to be revised. The government initially estimated third quarter growth was 3.5 percent, which was later revised down to 2.2 percent. The next estimate will be released Feb. 26.

The report provided an upbeat end to an otherwise dismal year: The nation's economy declined 2.4 percent in 2009, the largest drop since 1946. That's the first annual decline since 1991.

Thursday, January 28, 2010

State of the Union address: Putting Washington at the Service of the Middle Class

Message from the President: WE DON'T QUIT


(Thu, Jan 28, 2010 12:44 am)

I just finished delivering my first State of the Union, and I wanted to send you a quick note.

We face big and difficult challenges. Change on the scale we seek does not come easily. But I will never accept second place for the United States of America.

That is why I called for a robust jobs bill without delay. It's why I proposed a small businesses tax credit, new investments in infrastructure, and pushed for climate legislation to create a clean energy economy.

It's why we're taking on big banks, reforming Wall Street, revitalizing our education system, increasing transparency -- and finishing the job on health insurance reform.

It's why I need your help -- because I am determined to fight to defend the middle class, and special interest lobbyists will go all out to fight us.

Help me show that the American people are ready to join this fight for the middle class -- add your name to a letter to Congress today:

http://my.barackobama.com/SOTU

We have finished a difficult year. We have come through a difficult decade. But we don't quit. I don't quit.

Let's seize this moment -- to start anew, to carry the dream forward, and to strengthen our union once more.

President Barack Obama


Donate





Paid for by Organizing for America, a project of the Democratic National Committee -- 430 South Capitol Street SE, Washington, D.C. 20003. This communication is not authorized by any candidate or candidate's committee.

Tuesday, January 26, 2010

Watch: The President's Cabinet Reporting to You

The White House, Washington

Good Afternoon,

Tomorrow evening, President Obama will stand before a joint session of Congress and deliver his first State of the Union address outlining where we are and where we’re going as a Nation. In preparation for this annual address, he asked his Cabinet to take a moment to prepare a similar report for the American people.

In short videos, members of the President’s Cabinet report back to you on their progress this first year and outline what lies ahead for their departments and agencies to keep America moving forward. Secretary Sebelius talks about the Department of Health and Human Services' successes helping to prevent the spread of the H1N1 virus; Department of Energy Secretary Chu highlights the thousands of green jobs they’ve created using Recovery Act dollars; and Secretary Clinton details the Department of State’s efforts to restore global partnerships.

Take a look and get a sense of what’s to come in tomorrow’s State of the Union address:

Watch the Videos

When President Obama took office a year ago, we faced an array of historic challenges: an economy in freefall, job losses averaging almost 700,000 a month, a middle class under assault, two wars and badly frayed global alliances.

Faced with these unparalleled challenges, the President and his Cabinet got to work. The Administration took bold steps to rescue the country from a potential second Great Depression; to rebuild the economy for the long-term, so businesses can thrive, the middle class can grow and all our families can be more secure; and to restore America’s leadership in the world as we wrestle with the global challenges of the 21st Century.

Check out the Cabinet’s reports and learn more about what we’ve done this past year and how we plan to keep our Nation moving forward in the next.

Thank you,

Valerie Jarrett
Senior Advisor to the President

P.S. Tomorrow at 9 p.m. EST, remember to watch the President’s State of the Union address live at WhiteHouse.gov.



Visit WhiteHouse.gov

Monday, January 25, 2010

State of the Union

Organizing for America
On Wednesday evening, President Obama will deliver his first State of the Union address. It comes at a critical moment.

We must regroup, refocus, and re-engage on the vital work ahead. So let's watch it together at a State of the Union Watch Party in your neighborhood.

Find and RSVP for a Watch Party

We've hit some serious bumps in the road recently in our march toward change. We always knew it would be difficult, but this past week has definitely been a hard one, for all of us.

But this movement didn't come so far without making it through some challenging times. It's at moments like these when we need you most. People are hurting. Our country is at a crossroads, and in communities like yours all across America we must all fight for the progress our families and businesses need to thrive.

The President's resolve has never been stronger to keep fighting for health insurance reform, for lasting job creation, and to rein in the big banks and fight the undue influence of lobbyists. Wednesday's speech will be a pivotal moment for us all to get on the same page and continue the fight together.

In just two days, OFA supporters like you will be gathering at State of the Union Watch Parties in living rooms and community centers across the country. You can share ideas and experiences -- and I'll be joining on the phone for a special strategy huddle before the speech.

Find and RSVP for a State of the Union Watch Party near you:

http://my.barackobama.com/AttendSOTU

I hope you can join us,

David Plouffe

P.S. -- Volunteers have set up hundreds of Watch Parties over the last few days. But if there isn't one yet near you, just sign up to host one yourself. It's easy and fun, local OFA organizers will help you with any questions you have, and it's an incredibly important way to let supporters near you be part of the action:

http://my.barackobama.com/HostSOTU



(Posted by Javin James)

Friday, January 22, 2010

President Obama: “I won’t stop fighting”



Earlier today, President Obama spoke at a town hall meeting in Ohio about his resolve to keep fighting for health insurance reform – and to keep fighting on all the challenges ordinary Americans face in their lives, and the challenges we all face together as a nation:

“I'm going to keep on fighting for real, meaningful health insurance reform. We expanded the Children's Health Insurance Program to include four million kids -- we already did that. But we are also going to fight to hold the insurance industry accountable, to bring more stability and security to folks who are in our health care system. And, yes, I want to make sure that people who don't have health care right now can get some. It's shameful that we don't do that.”
The President then spoke about why he’s in this fight, where we’re at after a tough week, and his determination not to back down in the face of D.C. insiders who doubt progress on reform:
“I've got to admit, we had a little bit of a buzz saw this week.... And I understand why, after the Massachusetts election, people in Washington were all in a tizzy, trying to figure out what this means for health reform, Republicans and Democrats; what does it mean for Obama? Is he weakened? Is he  -- oh, how's he going to survive this? That's what they do.
But I want you -- I want you to understand, this is not about me. This is not about me. This is about you. This is not about me; this is about you. I didn't take this up to boost my poll numbers... I didn't take this on to score political points. I know there are some folks who think if Obama loses, we win. But you know what? I think that I win when you win."

Thursday, January 21, 2010

Great first step against Wall Street, Mr President. Now you need to blunt the power and impact of the k street crowd: eliminate the spread between the interest they charge borrowers and the interest they pay their depositors. Example: if they get 22% on their credit cards 11% should go to the depositers whose money they're using. And any politician who opposes that will NOT be in public life by the end of the year. And when it works, I just want to pet Bo!

Massachusetts

Organizing for America
Wed, Jan 20, 2010 11:05 pm

Yesterday's disappointing election results show deep discontent with the pace of change. I know the OFA community and the President share that frustration.

We also saw what we knew to be true all along: Any change worth making is hard and will be fought at every turn. While it doesn't take away the sting of this loss, there is no road to real change without setbacks along the way.

We could have simply sought to do things that were easy, that wouldn't stir up controversy. But changes that aren't controversial rarely solve the problem.

Our country continues to face the same fundamental challenges it faced yesterday. Our health care system still needs reform. Wall Street still needs to be held accountable. We still need to create good jobs. And we still need to continue building a clean energy economy.

The President isn't walking away from these challenges. In fact, his determination and resolve are only stronger. We must match that commitment with our own.

But it won't be easy. Real change never is. For that reason, I am grateful you're part of this fight with us.

Thank you,

Mitch

Mitch Stewart
Director
Organizing for America
Donate




(Posted by Javin James)

Tuesday, January 19, 2010

Tonight's debacle should have been avoided. Read my December 14 post. Can you hear me now, Mr. President? Time to go to the mattresses; there is no other way.

Today is the day

Right now, the polls are open to elect a new senator to the seat that my friend Ted Kennedy held for 47 years.

The choice could not be more stark, and the result could not be of greater consequence -- for Massachusetts or the nation.

The Bay State can send progressive champion Martha Coakley to Washington to fight for everything we believe in -- health reform, getting all of our money back from Wall Street, and holding corporate interests accountable.

Or the Senate can get one more person already walking in lockstep with Washington Republicans.

The polls are still open, the choice has not been made, and you still have a crucial role to play by calling voters in Massachusetts. In a low-turnout special election like this one, every single voter counts.

Please sign up for a phone bank for Martha Coakley near you on this Election Day.

Opponents of change and progress have been pouring money and resources into the Commonwealth -- they want to keep things just as they are.

The most important thing you can do to stand up to them is call other voters and urge them to get out to vote for the leader we need representing Massachusetts.

In a race as close as this one, no matter how many voters you call, you could tip the balance.

So please make sure you do everything you can today. Click here to find an Election Day phone bank near you:

http://ma.barackobama.com/CoakleyPB

If you were fired up in the last election, I need you more fired up in this election.

Thanks for everything you've done, and for your efforts in this final push,

President Barack Obama

http://my.barackobama.com/page/m/55c10146/6c75c487/c64052ff/11886d4c/1939283178/VEsF/




Paid for by Organizing for America, a project of the Democratic National Committee, www.barackobama.com. Authorized by Martha Coakley for U.S. Senate Committee.
(Posted by Javin James)

Sunday, January 17, 2010

President Obama: We Need You On Tuesday



President Barack Obama joins Martha Coakley at a rally on the campus of Northeastern University in Boston, MA on Sunday, January 17. VOTE TUESDAY, JANUARY 19! Visit http://www.marthacoakley.com.

(Posted by Javin James)

Phone banks for Martha Coakley

Organizing for America
In just two days, there's a special election to fill Ted Kennedy's Senate seat in Massachusetts.

This is a critically important election for the fate of health reform, for our work to curb Wall Street abuses, and for so much more.

With this election being held at an unusual time, we need to make sure Massachusetts voters know when and where to vote -- and how important electing Martha Coakley is to the entire country.

To reach key voters in this final stretch, we're holding phone banks near you.

Can you join us? RSVP to a phone bank near you.
Call voters for Martha Coakley

No prior experience is necessary, and Organizing for America volunteers will be on hand to provide all the guidance you'll need to be successful.

Every voter you reach could tip the balance. RSVP here to as many phone banks as you can make it to:

http://my.barackobama.com/CoakleyPB

Thank you for your help,

Jeremy

Jeremy Bird
Deputy Director
Organizing for America

P.S. -- If you can't make it to a phone bank near you, please make calls to Massachusetts from home, using our Neighbor to Neighbor tool. Click here to log in and get started.

Donate




Paid for by Organizing for America, a project of the Democratic National Committee, www.barackobama.com. Authorized by Martha Coakley for U.S. Senate Committee.

(Posted by Javin James)

Saturday, January 16, 2010

Urgent: Elections in 3 days

Organizing for America

There's a crucial Senate election in Massachusetts in just three days. We need your help to win it.

The polls are tightening as right-wing money floods the state, and one even shows the race to be a dead heat between progressive champion Martha Coakley and her extreme opponent. The truth is, special elections often have very low turnout and are notoriously unpredictable.

The stakes are just too high to leave Martha's victory to chance.

If we lose, Sen. Ted Kennedy's seat will be in the hands of someone who opposes everything he fought for. We'll lose a key vote for the President's agenda in the Senate -- and put all the progress we've made toward health reform at risk.

That's why OFA is putting together a massive voter turnout effort to make sure Obama voters get back to the polls this time around -- but we need your help to pay for it. Please donate $5 or more to OFA to help fund our organizing, including our work to elect Martha Coakley.

http://my.barackobama.com/page/m/55c10125/6c75c487/c7136edc/11886ad7/1958223524/VEsE/


OFA is going all out in Massachusetts -- we're sending organizers, knocking on doors, and making phone calls by the tens of thousands to make sure that folks know how to participate.

It's a huge effort, it's expensive, and time is short. But with the outcome uncertain and the stakes sky high, I don't want to wake up the morning after the election thinking that we could have done something more. If you feel the same way, please donate $5 or more to help us make Martha Coakley the next senator from Massachusetts:

https://donate.barackobama.com/Coakley


Thanks,

Mitch

Mitch Stewart
Director
Organizing for America

http://my.barackobama.com/page/m/55c10125/6c75c487/c7136edc/11886ad4/1958223524/VEsC/



Paid for by Organizing for America, a project of the Democratic National Committee -- 430 South Capitol Street SE, Washington, D.C. 20003. This communication is not authorized by any candidate or candidate's committee.

Contributions or gifts to the Democratic National Committee are not deductible as charitable contributions for income tax purposes.

Friday, January 15, 2010

Vice President Joe Biden: "WE WANT OUR MONEY BACK"

Yesterday, President Obama announced our proposed Financial Crisis Responsibility Fee on the country's largest banks:

"My commitment is to recover every single dime the American people are owed. And my determination to achieve this goal is only heightened when I see reports of massive profits and obscene bonuses at some of the very firms who owe their continued existence to the American people...We want our money back, and we're going to get it."

The fee would recover every penny loaned to Wall Street during the financial crisis and stop the reckless abuses and excesses that nearly caused the collapse of our financial system in the first place.

But the banking industry -- among the most powerful lobbies in Washington -- is already launching attacks to stop Congress from enacting the proposal.

Barack and I aren't backing down. But to win, we'll need the American people to add their voice right away.

Thankfully, OFA supporters are already signing on to a bold statement of support: "We want our money back -- and we stand with President Obama to make sure we get it." You can add your name by clicking here.

http://my.barackobama.com/page/m/55c1011f/6c75c487/c019d4c4/11886ab4/338919694/VEsE/

The proposal is expected to recoup billions from the big banks, most of it from the ten largest. As the President said, "If these companies are in good enough shape to afford massive bonuses, they are surely in good enough shape to afford paying back every penny to taxpayers."

There is much more work to do to reform the financial system and create a new era of accountability. But the Financial Crisis Responsibility Fee is a crucial step. And with the banks already working to tear it down, I hope that I can count on you to speak out to show that Americans stand with us as we take them on.

Click here to add your name to the statement:

http://my.barackobama.com/Banks


Change isn't easy, but it's certainly worth fighting for. I'm glad you're in this fight with us.

Thank you for making it possible,

Vice President Joe Biden

http://my.barackobama.com/page/m/55c1011f/6c75c487/c019d4c4/11886ab1/338919694/VEsC/




Paid for by Organizing for America, a project of the Democratic National Committee -- 430 South Capitol Street SE, Washington, D.C. 20003. This communication is not authorized by any candidate or candidate's committee.

Thursday, January 14, 2010

The President on Haiti: "The First Waves of our Rescue and Relief Workers are on the Ground and at Work"

This morning the President gave another update on relief efforts in Haiti, promising the people of Haiti that "you will not be forsaken; you will not be forgotten." Again, while the US Government is doing all it can, you can also help immediately by donating to the international fund of the Red Cross to assist the relief effort.

And of course families of Americans living in Haiti should still contact the State Department at 888-407-4747.


(posted by Javin James)


Organizing for America- New York Meetings

As we begin the new year, Organizing for America wants to hear from you. So we're holding organizational meetings throughout January across New York state, I'd like to invite you to join us.

At each meeting, you'll have the chance to discuss goals for the year, re-connect or meet neighbors, and get fired up for making change in 2010.

RSVP for a meeting near you:

http://ny.barackobama.com/NYOrgMtgs

(posted by Javin James)


Wednesday, January 13, 2010

Great Mississippi Flood of 1927 - Wikipedia, the free encyclopedia

Great Mississippi Flood of 1927 - Wikipedia, the free encyclopedia: "The Final Report of the Colored Advisory Commission" De ja Vue, humm !

The Earthquake in Haiti



The White House, Washington


Good Afternoon,

The reports and images from Haiti of collapsed hospitals, crumbled homes, and men and women carrying their injured neighbors through the streets are truly heart-wrenching. As we learn more about the extent of the devastation, our thoughts and prayers are with the people of Haiti and Haitian Americans around our country who do not yet know the fate of their families and loved ones back home.

I have directed my Administration to respond with a swift, coordinated and aggressive effort to save lives. The people of Haiti will have the full support of the United States Government in the urgent effort to rescue those trapped beneath the rubble and to deliver the humanitarian relief -- the food, water and medicine -- that Haitians will need in the coming days.

This is also a time when we are reminded of the common humanity that we all share, and Americans have always responded to these situations with generosity of spirit. If you would like to support the urgent humanitarian effort in Haiti, I encourage you to visit our website where you can learn more about how to contribute:

http://www.WhiteHouse.gov/HaitiEarthquake

Americans trying to locate family members in Haiti are encouraged to contact the State Department at (888) 407-4747.

We will continue to stand with the people of Haiti and keep them in our thoughts and prayers.

Sincerely,

Barack Obama


Jan 13th, 2010, Counselor Cheryl Mills, U.S. Agency for International Development Administrator Rajiv Shah, and Commander, U.S. Southern Command General Douglas Fraser held a special briefing on the aftermath and relief efforts currently underway in Haiti.

You can watch the briefing in whole here: http://link.brightcove.com/services/player/bcpid1705667530?bctid=61608942001

(posted by Javin James)

Monday, January 11, 2010

No Matter Where You Live

On Tuesday, January 19th, there's a special election in Massachusetts to fill Ted Kennedy's Senate seat.

While the large majority of Massachusetts voters support the Democratic candidate, Attorney General Martha Coakley, special interests have poured in hundreds of thousands of dollars to mislead voters -- and the traditionally low turnout in special elections means this race could be very, very close.

The stakes here are incredibly high. You know how hard we've fought and how close we've come to finally passing health reform. But also know this: To get the job done, we need Martha Coakley's vote in the Senate.

No matter where you live, you can play an essential role. OFA volunteers around the country are calling key Massachusetts voters and making sure they know when and where to vote, and how important electing Martha Coakley is to the country.

Each voter we reach could be the one who tips the balance.

Can you help by calling potential voters in Massachusetts?



Offering information to voters on how to participate is a great service, and it can be a lot of fun. You can take as much or as little time as you like, and no prior experience is necessary.

Making these calls could be the single most important thing you can do right now to ensure the passage of health reform.

But the impact of this election goes well beyond health reform -- Martha Coakley will be a vital ally to President Obama in helping our families get back to work, launching a clean-energy economy, and reining in the Wall Street abuses that still put so many Americans at risk.

But it all comes down to you. We need you to help get the word out, so please start calling today:

http://my.barackobama.com/CoakleyN2N

Thank you for your help,

(posted by Javin James)

Sunday, January 10, 2010

Cherokee vote against including descendants of black slaves

Cherokee vote against including descendants of black slaves , AN What Blood Line racism IS New to Us ? Duh !

Saturday, January 9, 2010

The President's Weekly Address: Health Reforms Benefits in 2010 COMMENTS

The US economy is rebounding, and we are closer to adapting a single-payer health care plan. President Obama... See More’s campaign promises are slowing coming into fruition. These milestones will eventually showcase the naysayers like Rush Limbaugh and Glen Beck ect. as being the bonified Jackasses as they really are, and let them know that simply criticizing everything a person does without merit and justification will only result into them behaving like mouse in a maze running around without any clear purpose and direction. They will only be “LOUD MOUTH” individuals delivering empty and hollow propergander.

Thursday, January 7, 2010

A New Economy from Old Roots?

A New Economy from Old Roots? Well As A Decendant Of The International SLAVE TRADE ,whose ancestors Bulit The Modern World Economic SYStem Thru Forced Labor !, I`m GLAd , an sad,Now maybe we can Get some Reparations ,Even ,though what we Built Is Broken, by whom Some call a Terrorist,(By the way What some call a terrorist ,others call a Freedom Fighter). Humm ? !

Tuesday, January 5, 2010

2010

A message from David Plouffe / Organizing for America:





last Friday marked our passage into a new year, and a new decade.

2010 will be a year of new, exciting challenges. We'll be working hard with President Obama to finish the fight for health insurance reform, put more Americans back to work, and get our economy running strong. We'll fight to protect consumers and our economy from Wall Street abuses, improve transparency in Washington to elevate the voices of the American people, and create a vibrant, clean energy economy. And we'll stand up for the President's allies at the ballot box.

As we've always known, change this big must come from the bottom up. Organizing for America was founded last year based on your feedback, and OFA supporters are at the core of everthing we do.

So as we wrap up one year and prepare for the next, we want to hear your reflections on our work together in 2009 and how yoiu want to move forward in the new year.

Can you take a minute to fill out our quick survey on what's next in 2010?





There's no limit to what we can accomplish this year, if we keep working together.

Can't wait to get started:


(posted by Javin James)
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