President Obama calls for fiscal discipline

This week, President Obama calls for fiscal responsibility and promises to identify areas of wasteful government spending b going through the budget line by line.  The President also promises to reduce or eliminate programs deemed to be wasteful and inefficient. 

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President Obama – Weekly Address discusses efficiency and innovation

In this week’s address, President Obama confronts the deficit crisis head-on.  He says that we had surpluses only eight years ago, but now have massive deficits and the federal budget calls for significantly more deficit spending.  The President says that now is the time to review all of the federal programs, eliminating waste, and operating more efficiently. 
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President Obama meets privately with The Dead

David Meerman Scott posted the link below to Facebook.  The article discusses the President’s recent meeting with The Dead.  I’m going to seet he band on Saturday in Worcester, MA and am looking forward to the show. 
Click here to read the story about the President’s meeting with the band members.

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President Obama addresses the nation – April 4, 2009

This week,  Obama discusses his trip to the G20 summit and his meetings with several leaders across the globe.  Some of the key points include:
Economic recession is a global problem and will require a glocal response to grow the economy and create new jobs. 
Terrorism and climate change are also global issues that will require [...]

New GM CEO to employees – restructure quickly or face bankruptcy

New GM CEO, Fritz Henderson, told employees today that the company must significantly accelerate its turnaround plan or the company will soon be in bankruptcy.  Henderson also told employees that the Obama administration did not feel that GM’s cuts were not deep enough for the plan to be able to work. 
Click here to read the [...]

US rejects auto reorganization plans from GM and Chrysler

The Obama administration’s auto task force has rejected the plans for reorganization from GM and Chrysler.  The Obama administration’s auto team also forced the resignation of GM CEO, Rick Wagoner, and says that bankruptcy may be the best option for the automakers.
Click here to read the story.
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General Motors CEO to step down

According to the attached article, Rick Wagoner, plans to step down immediately at the request of the White House.   The news comes just before the Obama administration plans to announce additional restructuring plans aimed at saving the company. 
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President Obama Weekly Address – 03/28/09

In this week’s address, President Obama extends his thoughts and prayers to the people of North Dakota, Minnesota, and South Dakota, who may be affected by flooding from the Red River.
The President also communicates the response and support his Administration is providing to help those in need.  He’s called on the assistance from the National [...]

President Obama’s weekly address – March 21, 2009

In this week’s address, President Obama discusses four priorities that he believes must be addressed in the budget.  These include:
1) Reducing our nation’s dependence on foreign oil.
2) Educating our children to be able to compete globally.
3) Reforming healthcare.
4) Cutting the deficit in half by 2012. 

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Obama and Geithner screwed up

AIG Chairman Edward Liddy’s arguments that the company is contractually obligated to pay out bonuses to executives after receiving billions is laughable and so is the argument that these bonuses are needed to keep key employees.   The company could’ve litigated any suits brought agains AIG for failure to pay bonuses and who would’ve questioned them? 
The [...]