Posts Tagged ‘Reserve

09
Oct
13

Janet Yellen: Federal Reserve Chair

e1df41824633a829e7a4f1fcbadc863699f39e58

President Barack Obama announces his nomination of economist Janet Yellen as Federal Reserve chairman as current chairman Ben Bernanke listens in the State Dining Room of the White House

****

****

6393b1ff0db7bb223f0f6a7067000d24

President Barack Obama listens as Janet Yellen, vice chair of the Board of Governors of the Federal Reserve System, speaks

****

bc5659390daebb223f0f6a70670033fa

President Barack Obama stands with outgoing Federal Reserve Chairman Ben Bernanke and Janet Yellen, vice chair of the Board of Governors of the Federal Reserve System

****

****

2013-10-09T194749Z_1093656635_TB3E9A91IZLBV_RTRMADP_3_USA-FED

President Barack Obama announces his nomination of Janet Yellen to head the Federal Reserve at the White House

Continue reading ‘Janet Yellen: Federal Reserve Chair’

27
Jun
11

“are you a flake?” (updated)

Steve Benen: …..Fox News Sunday’s Chris Wallace apparently faced some criticism from the right over this, and he apologized, telling Fox News viewers, “I messed up. I’m sorry. I didn’t mean any disrespect.” ….It’s a shame Wallace felt the need to apologize for this, because he accidentally asked a good question, even if he regrets it now.

Societal norms apparently dictate that unhinged candidates who have no business running for president be shielded from such unpleasantness, but Michele Bachmann is arguably the most ridiculous person in Washington. She proudly embraces bizarre conspiracy theories; she routinely says crazy things on national television; she pretends to grasp public policies she doesn’t understand; and her worldview is comparable to someone who’s suffered a serious head trauma. Even as the Republican Party leaps off a right-wing cliff, Bachmann stands out for unique brand of madness.

Given this, of course response hosts should ask whether she’s a serious person. Bachmann doesn’t deserve deference; she deserves ridicule. I thought “are you a flake” was actually a rather polite way of asking a legitimate question about an unqualified candidate.

Full post (and full video) here

****

LA Times: Rep. Michele Bachmann has been propelled into the 2012 presidential contest in part by her insistent calls to reduce federal spending….

But she and her family have benefited personally from government aid, an examination of her record and finances shows. A counseling clinic run by her husband has received nearly $30,000 from the state of Minnesota in the last five years, money that in part came from the federal government. A family farm in Wisconsin, in which the congresswoman is a partner, received nearly $260,000 in federal farm subsidies.

And she has sought to keep federal money flowing to her constituents. After publicly criticizing the Obama administration’s stimulus program, Bachmann requested stimulus funds to support projects in her district….

….despite her broadsides against “socialized medicine,” Bachmann’s husband, Marcus, applied for public funds for his counseling clinic, Bachmann & Associates. Since 2006, he has received nearly $30,000, according to Minnesota state records…

Michele Bachmann lists the Lake Elmo, Minn.-based clinic – which aims to provide “quality Christian counseling in a sensitive, loving environment,” according to its website – as one of her assets on her financial disclosure forms.

Another of Bachmann’s assets – a family farm owned by her late father-in-law, Paul Bachmann – received nearly $260,000 in federal money between 1995 and 2008, largely from corn and dairy subsidies …. Paul Bachmann died in May 2009, but the congresswoman retains a partnership in the farm.

Bachmann said in December that the subsidies went to her in-laws and she never received “one penny” from the farm, according to the Minneapolis Star-Tribune. However, in financial disclosure forms, she reported receiving between $32,503 and $105,000 in income from the farm, at minimum, between 2006 and 2009.

More here

AP: ..…Examining 24 of her statements, Politifact.com, the Pulitzer Prize-winning fact-checking service found just one to be fully true and 17 to be false (seven of them “pants on fire” false)….. A look at some of her recent statements and how they compare with the facts:

BACHMANN: “The farm is my father-in-law’s farm. It’s not my husband and my farm. It’s my father-in-law’s farm. And my husband and I have never gotten a penny of money from the farm.” — On “Fox News Sunday.”

THE FACTS: In personal financial disclosure reports required annually from members of Congress, Bachmann reported that she holds an interest in a family farm in Independence, Wis., with her share worth between $100,000 and $250,000…..

BACHMANN: “Overnight we are hearing that potentially 10 to 30,000 people could have been killed in the strike.” — Criticizing Obama in May for the “foolish” U.S. intervention in Libya, and citing what she said were reports of a civilian death toll from a NATO strike as high as 30,000.

THE FACTS: The U.S. ambassador to Libya, Gene Cretz, said in late April that U.S. officials have seen reports that 10,000 to 30,000 people may have died in Moammar Gadhafi’s crackdown on protesters and the fighting between rebels and pro-government forces, but it is hard to know if that is true. He was speaking about all casualties of the conflict; no one has attributed such a death toll to NATO bombing alone, much less to a single strike.

BACHMANN: “It’s ironic and sad that the president released all of the oil from the strategic oil reserve. … There’s only a limited amount of oil that we have in the strategic oil reserve. It’s there for emergencies.” — On CBS’ “Face the Nation” on Sunday.

THE FACTS: Obama did not empty all the oil from the strategic reserve, as Bachmann said. He approved the release of 30 million barrels, about 4 percent of the 727 million barrels stored in salt caverns along the Texas and Louisiana coasts….

BACHMANN: “One. That’s the number of new drilling permits under the Obama administration since they came into office.” — Comment to a conservative conference in Iowa in March.

THE FACTS: The Obama administration issued more than 200 new drilling permits before the Gulf oil spill alone. Over the past year, since new safety standards were imposed, the administration has issued more than 60 shallow-water drilling permits. Since the deep water moratorium was lifted in October, nine new wells have been approved.

More here

06
Jun
11

‘letting a diamond slip away’

Steve Benen: Last year, the Senate Banking Committee twice approved Peter Diamond’s nomination to the Federal Reserve. And twice, the Senate wasn’t allowed to vote on Diamond because Sen. Richard Shelby (R-Ala.) and a handful of his far-right colleagues threw tantrums for unknown reasons. So, this year, President Obama resubmitted the Diamond nomination. And once again, the petulant Republican from Alabama led a small contingent that decided they’re entitled to veto power over the process.

After more than a year of waiting for a simple vote, Diamond has given up. In a New York Times op-ed, the respected Nobel laureate explained why he’s withdrawing:

Instead of going to the Fed, however, I will go about my congenial professional existence as a professor at M.I.T., where I have taught and researched since 1966, and I will take advantage of some of the many opportunities that come to a Nobel laureate. So don’t worry about me …  But we should all worry about how distorted the confirmation process has become, and how little understanding of monetary policy there is among some of those responsible for its Congressional oversight.

… Diamond is among the most accomplished economists of his generation, and last year, was awarded a Nobel Prize in economics. And yet, there was Richard Shelby & Co., insisting that Diamond lacked the qualifications to join the board of governors of the Federal Reserve ……The result of this fiasco isn’t just the loss of a qualified nominee to an important post; it’s also a lost opportunity to have the Fed take actions to bolster the economy. We can only hope that this wasn’t part of a larger campaign by Republicans to hurt the economy on purpose.

Full post here

17
Mar
11

growth

WSJ: Factory operators doing business in the Philadelphia Fed’s district saw already-strong growth heat up further in March to the best pace in nearly three decades, as inflation pressures remained persistent.

The Federal Reserve Bank of Philadelphia reported Thursday that its index of general business activity for manufacturers moved up to 43.4, the best reading since January 1984, from 35.9 the month before. Economists had been expecting a modest slowing in the rate of expansion, and had predicted the index would come in at a still very respectable 30.0…

Regional factory surveys, such as the Philadelphia Fed’s, have been turning in strong performances over recent months that have been largely confirmed in national manufacturing reports. Earlier this week, the New York Fed reported an expansion of growth in its barometer of factory output. The manufacturing sector has consistently been a bright spot over the course of the recovery, leading the rest of the economy out of recession….

More here

Thank you Fred 😉

16
Feb
11

‘fed substantially upgrades growth forecasts for 2011’

NYT: The Federal Reserve revealed Wednesday that its policy makers had substantially upgraded their forecasts for how much the United States economy will grow this year, even though they expect that unemployment will remain painfully high for some time.

The core projections of top Fed officials now call for growth of 3.4 percent to 3.9 percent this year, up from the previous forecast of 3 percent to 3.6 percent, released in November. But the grim outlook for the job market was largely unchanged; Fed officials expect unemployment to be 8.8 percent to 9 percent this year, only slightly less than the November estimate of 8.9 percent to 9.1 percent.

Growth expectations were lifted by an improvement in consumer spending in the fourth quarter…

Full article here

23
Nov
10

secret service (& pete souza) begin to regret mccain not winning in 2008

“Come on guys, keep up!”

President Barack Obama runs across the tarmac after greeting people at Grissom Air Reserve Base in Peru, Indiana, November 23

23
Nov
10

greetings grissom

President Barack Obama greets people after stepping off Air Force One at Grissom Air Reserve Base in Peru, Indiana, November 23




@POTUS

@BarackObama

@WhiteHouse

@FLOTUS

@MichelleObama

@PeteSouza

Enter your email address to receive notifications of new posts by email.

@TheObamaDiary

@NerdyWonka

RSS Obama White House.gov

  • An error has occurred; the feed is probably down. Try again later.

RSS WH Tumblr

  • An error has occurred; the feed is probably down. Try again later.

Categories

Archives

Blog Stats

  • 39,687,381 hits
November 2017
M T W T F S S
« Oct    
 12345
6789101112
13141516171819
20212223242526
27282930