Word: administrationitis
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But Obama is not giving up on the idea. On Friday, Jan. 29, at an event in Baltimore, he fleshed out his idea for a job-creation tax credit, saying it would induce companies to hire workers. Under the Obama plan, businesses would reportedly get a $5,000 tax credit...
Back in Vogue Volcker was living in New York City, getting engaged to his longtime assistant, giving speeches around the world, making wry comments about the uselessness of financial innovation and the remorselessness of Wall Street. He was also making cagey references to his lack of influence with Obama, for...
The political aides were eager to adopt a more populist tone, urging Treasury to give them something they could use. The bank tax was already in the works, but after Volcker made his case at a White House meeting in October, the rest of the Administration started shifting his way...
"Our Administration has had some political setbacks this year, and some of them were deserved," he said. "But I wake up every day knowing that they are nothing compared to the setbacks that families all across this country have faced this year."
• Has three brothers who are serving in his administration, a fact that has led to charges of nepotism.