Word: baracks
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...though, the scads of lushly paid Wall Streeters have driven the financial sector into a ditch, and taxpayers around the world are spending trillions of dollars to fix the problem. This chain of events has, understandably, focused big-time scrutiny on financial-sector compensation. President Barack Obama plans to limit cash pay to $500,000 for the top five executives of firms that take more aid from the government, and the stimulus legislation he signed into law on Feb. 17 sharply restricts bonuses for the 25 highest-paid employees of any company that has taken bailout money. While Wall Street...
...Days after Barack Obama's Inauguration that the stimulus bill was signed into law. 3: Total number of congressional Republicans who backed the final package. $400: Value of a refundable tax credit available to people earning less than $75,000 a year beginning in June. $185 billion: Amount the stimulus is expected to add to the federal deficit for the remainder of the 2009 fiscal year. 317: Minutes the final Senate vote lasted, believed to be the longest congressional vote in U.S. history. 320: Miles traveled by Senator Sherrod Brown, from an Ohio memorial service for his mother...
...Barack Obama calls them the Propeller-Heads, the cheerful band of financial nerds he has charged with saving America's economy. And on the Friday before Presidents' Day weekend, they were ready to show him the latest piece of their rescue plan: the 2010 federal budget. Having just squeezed through Congress what may be the largest spending bill in history, the President now needed to do something that would make the stimulus fight look easy: show the country and the world that he was as serious about preventing waste as he was about promoting growth. Only a lean federal budget...
...Barack Obama's White House...
...days after President Barack Obama announced the details of his stimulus package, Obamaphiles everywhere praised him not only for what they saw as urgently needed legislation, but also for what they perceived, at the time, as a bold foray onto a new political path. Through overtures to Republicans in Congress and perceived concessions in the stimulus package, Obama had given the opposition an offer they couldn’t refuse. Hope had indeed won a mandate. It was only a matter of time before everyone in Washington started seeing the world in a purple...