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Campaign 2008

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Showing posts for "Economy"

Morning Update: National Security Team

by campaign2008

President-elect Barack Obama and Vice President-elect Joe Biden announced the nomination of several additional members of their national security team on Tuesday. Former Clinton administration officials James Steinberg and Jacob Lew are Obama’s picks to serve as deputy secretaries of state under Hillary Clinton. Thomas Donilon is the nominee for deputy national security adviser, and Antony “Tony” Blinken is the nominee for national security adviser to Biden.

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Quote: Obama on White House Auto Bailout

by campaign2008

“Today’s actions are a necessary step to help avoid a collapse in our auto industry that would have devastating consequences for our economy and our workers.  With the short-term assistance provided by this package, the auto companies must bring all their stakeholders together — including labor, dealers, creditors and suppliers — to make the hard choices necessary to achieve long-term viability.  The auto companies must not squander this chance to reform bad management practices and begin the long-term restructuring that is absolutely required to save this critical industry and the millions of American jobs that depend on it,”

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Quote: Obama on Auto Industry Bailout Failure

by campaign2008

“I am disappointed that the Senate could not reach agreement on a short-term plan for the auto industry.  I share the frustration of so many about the decades of mismanagement in this industry that has helped deliver the current crisis. Those bad practices cannot be rewarded or continued.  But I also know that millions of American jobs rely directly or indirectly on a viable auto industry, and that the beginnings of reform are at hand.  The revival of our economy as a whole should not be a partisan issue.  So I commend those in Congress as well as the Administration who tried valiantly to forge a compromise.  My hope is that the Administration and the Congress will still find a way to give the industry the temporary assistance it needs while demanding the long-term restructuring that is absolutely required.”

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Climate Change: The Business Outlook

by Joanna Klonsky

Though the incoming presidential administration has indicated its first priority will be repairing the troubled U.S. economy, President-elect Barack Obama emphasized throughout his campaign that combating climate change will also be a top agenda item. Obama plans to reduce U.S. greenhouse gases by 80 percent by 2050, and has pledged to create millions of “green jobs.” At a symposium on policy and strategies to combat climate change Tuesday, business leaders seemed to agree Obama should institute a federal cap-and-trade system for carbon emissions.

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