Showing posts with label john harwood. Show all posts
Showing posts with label john harwood. Show all posts

Monday, September 20, 2010

Obama's CNBC Town Hall Video

Transcript. Full video:
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Wednesday, April 21, 2010

Obama's Interview With John Harwood April 21 Video

Obama said he didn't know SEC was going to file charges against Goldman Sachs. There were no winks or nods. No discussions at all. "We found out about it on CNBC," he said.  Full interview:

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Wednesday, April 14, 2010

Harwood Says McConnell's Claims are Silly

Obama met with republican and democratic lawmakers today on financial reforms. Following the meeting, Mitch McConnell outright lied, saying the worst possible thing he could think of--that the bill would lead to more bailouts. More fear mongering. What else is new:
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Friday, December 04, 2009

November Job Losses Smallest Since Start of Recession

All signs are pointing to an improving economy:
U.S. job losses in November posted the smallest drop since the start of the recession and the unemployment rate unexpectedly declined, a sign the labor market is finally healing as the economy recovers. More at WSJ
Temporary workers are also on the rise, which is another positive sign. The increase in temp workers means companies need help but they are still cautious about hiring permanent workers:
The unemployment rate, calculated using a survey of households as opposed to companies, edged lower to 10% in November from 10.2%. Economists had forecast the jobless rate would remain at October's level of 10.2%, when it rose to the highest level since April 1983.

Employment fell in construction, manufacturing, and information, while temporary help services and health care added jobs.
Christina Romer warns not to get too excited yet:
The unemployment rate, which had risen to 10.2% in October, declined to 10.0% in November. This decline primarily reflects an increase in the number employed, as measured by the household survey. Despite the welcome decline, the unemployment rate remains unacceptably high. This underscores the need for the responsible actions to jumpstart private-sector job creation that the President highlighted at yesterday’s Forum on Jobs and Economic Growth at the White House.

There are many bumps in the road ahead. The monthly employment and unemployment numbers are volatile and subject to substantial revision. Therefore, it is important not to read too much into any one monthly report, positive or negative. But, it is clear we are moving in the right direction. WH blog
Obama will speak about jobs at 11:50 am eastern. What's to come from the jobs summit? A jobs bill:

Visit msnbc.com for breaking news, world news, and news about the economy

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Sunday, January 11, 2009

Meet the Press Jan. 11 Video

This roundtable discussion, particularly the second half with Bill Cosby, was better than Obama's interview on This Week. 
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Thursday, January 08, 2009

Obama's Economic Speech Jan. 8

Video below. 
Pretty much, Obama says the economy is going to need big money fast-- but not without oversight.
Here is the transcript.
Obama met with mayors before and after the speech:
Politico: NEWS RELEASE FROM THE U.S. CONFERENCE OF MAYORS: 'President-Elect Barack Obama has invited a delegation of U.S. Mayors led by Miami Mayor and U.S. Conference of Mayors President Manny Diaz to join him on Thursday at George Mason University in Fairfax, Va., for a major announcement on his economic stimulus plan for America. ... The mayors will attend a briefing with the President-elect in advance of his speech at George Mason University and will be available for one-on-one interviews immediately following President-Elect Obama's remarks.'
You might also want to check out CNBC's John Harwood's lengthy interview with Obama. They cover the economy, the former presidents' advice to him, Leon Panetta and BlackBerrys. Here's CNN's coverage of the speech:
CNN: "For every day we wait or point fingers or drag our feet, more Americans will lose their jobs. More families will lose their savings. More dreams will be deferred and denied. And our nation will sink deeper into a crisis that, at some point, we may not be able to reverse," he said.

Obama laid the groundwork for urgent action on his "American Recovery and Reinvestment Plan," a plan he says will save or create more than 3 million jobs and invest in health care, energy and education, among other priorities.

Obama said his plan will immediately help jumpstart the economy by doubling the production of alternative energy within three years, improving the efficiency of federal buildings and homes, computerizing medical records, equipping schools with 21st century classrooms, expanding broadband across the country, and investing in science and new technologies.

The president-elect said the cost of his plan would be "considerable" and would "certainly add to the budget deficit in the short term." He did not put a price tag on the stimulus package, but observers have estimated it would cost about $800 billion.

"Government at every level will have to tighten its belt, but we'll help struggling states avoid harmful budget cuts, as long as they take responsibility and use the money to maintain essential services like police, fire, education, and health care," he said.
Here's another good story about why the republicans fear of debt is waaaaay too late, which is why some of them need to stop whining.
Bloomberg: After meeting with President-elect Barack Obama on Jan. 5, House Minority Leader John A. Boehner of Ohio welcomed the $300 billion worth of tax cuts Obama wants. He had reservations about the rest of the $775 billion plan.
“I remain concerned about wasteful spending that might be attached to the tax relief,” Boehner said. “Simply put, we should not bury future generations under mountains of debt.”
Where was he for the last eight years while the debt almost doubled, from $5.7 trillion to $10.6 trillion?
Under normal circumstances, Boehner’s concern about the long-term budget outlook would be laudable. Obama expressed his own concern in a Jan. 6 statement. He is to make a speech on the economy today.
These aren’t normal times though, and it’s obvious that the Federal Reserve’s strenuous efforts to ease the financial crisis and give the economy a boost with low interest rates haven’t been enough. More help is needed than the Fed can provide, as Chairman Ben S. Bernanke and his colleagues have acknowledged.

Visit msnbc.com for Breaking News, World News, and News about the Economy

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Obama's CNBC Interview on Economy, Football, Abs, BlackBerrys, Panetta, Regulation


Obama seems to be interested in doing a lot of combining.
He's also considering a collaboration between the Department of Defense and NASA as far as making rockets.
Here's something that's being mulled for the financial industry:
Politico: One of the leading ideas would combine the Securities and Exchange Commission and the Commodities Futures Trading Commission into a super-regulator that would be like another Federal Reserve as a cornerstone of the U.S. financial system.

This plan, still in draft forms, is likely to include tough new rules for stock trading, banks and the broader financial sector — as well as greater transparency for how government money is spent cleaning up the entire system, according to Democrats familiar with the plans.

Obama told CNBC’s John Harwood on Wednesday that he plans “a substantial overhaul” with “better enforcement, better oversight, better disclosure, increased transparency.”

“Wall Street has not worked, our regulatory system has not worked the way it's supposed to,” Obama said. “We're going to have to look at this alphabet soup of agencies and figure out how do we get them to work together more effectively. We've got to stop splintering functions in such a way that capital in one form is treated one way and capital in another form is treated another way, because these days in global financial markets, they're all fungible.”
Here's the full CNBC transcript, where Obama talks extensively about lunching with the presidents yesterday, the economy, Blackberrys, those Hawaii ab shots, Leon Panetta, college football playoffs, the Geneva Convention and regulation:

I've replaced the transcript excerpts with the videos below.
Read the transcript. It's a must read.
Or just watch:




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