General Motors CEO Rick Wagoner is stepping down effective immediately at the request of the White House, according to administration officials. The decision precedes a President Obama plan to restructure the auto industry which has been failing even with funding from the government. This restructuring is part of the deal for the Chrysler and GM to recieve additional loans from the federal government. They have already received close to 18 billion in loans and are now asking for 21.6 billion more. The decision to have Wagoner step down is not entirely unexpected, though it is sure to be politically controversial.
GM CEO Forced Out - Socialism Or Just Good Business?
Obama Pulls Ahead in Polls, Gains Newspaper Support
Over the last few weeks, Democratic presidential candidate Senator Barack Obama has pulled further ahead in the national polls. Besides the popular support though, Obama is also getting a big boost from editorial endorsements from newspapers around the nation.
Obama Joins McCain in Negative Campaign Advertising
Although Senator Barack Obama began his campaign for president touting himself as the candidate of hope and a new kind of politics, in recent weeks Senator Obama has resorted to some of the same old negative campaigning tricks that are little more than “politics as usual” in Washington.
Obama to Discuss the Economy with Billionaire Warren Buffet
With the state of the US economy so prevalent on the public’s mind, Senator and presidential candidate Barack Obama is picking the brains of some of the most successful business leaders in the United States. Media reports indicate that Senator Obama will participate in an economic roundtable discussion with stock mogul billionaire Warren Buffet, and other powerful movers and shakers from the business world.
Michael Moore - The Top Dog Always Gets the Pot-shots
Michael Moore is a man on a mission alright, but when once the Oscars hailed his Fahrenheit 9/11 as an act of bravery, now no one’s quite sure as to what his agenda really is. He’s a good firestarter back in the days when his credibility came with his instant fame, but the backlash was inevitable, and now he’s wallowing in public doubt, failing to appease those who previously rallied behind him.
American Politics: Dumb and Dumber?
Even though you can’t throw a rock in D.C. without hitting a politician telling the American public how smart they are, a quick glance at any of the 24-hour news channels might cause you to think otherwise. Americans seem to be obsessed with the trivial details and prefabricated drama of the political process — not the issues that matter to the future of our country and the world.
Obama Must Reach Out to Female Voters
The long Democratic presidential primary has finally come to an end, and Senator Barack Obama of Illinois has emerged victorious over Hillary Clinton as the Democratic nominee for president. But now, the task for Obama is to reach out to the millions of female voters who supported Senator Clinton so staunchly in the primary.
Left-Handed? Run for President!
We don’t yet know who the next president of the United States will be, but it is a safe bet they will be left-handed. Democrat Barack Obama and Republican John McCain are both left-handed, and it turns out that a disproportionate number of American presidents have been lefties.
Hillary Clinton Continues to Lose Ground to Obama — Despite Recent Attacks
It’s been called the “kitchen sink strategy.” That is the name Hillary Clinton’s team have given to the strategy of “throwing everything but the kitchen sink” at Senator Barack Obama in an attempt to make his candidacy less palatable to the American public.
Obama Gaining More Endorsements from Party Leaders
Senator Barack Obama continues to gain momentum in the Democratic primary race. The Illinois Senator received an endorsement from a new democratic superdelegate this morning, helping solidify his lead over Democratic rival Senator Hillary Clinton.
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