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Obama takes winning streak into U.S. contests
Politics | 2008/02/12 06:01

Democrat Barack Obama looked to continue his winning streak in three mid-Atlantic presidential primaries and brushed aside questions Tuesday about future contests to which rival Hillary Rodham Clinton has turned her attention. Republican John McCain sought to rebound from two weekend losses to Mike Huckabee and reinforce his position as the inevitable GOP nominee.

"It's very early," Obama said when asked about his prospects in the March 4 Texas primary during an appearance near a polling place here. "We haven't even gotten through this yet, come on, man," he added, referring to Tuesday's Democratic presidential primaries in Virginia, Maryland and the District of Columbia. Clinton planned to spend election night at a rally in El Paso, Texas.

Obama surprised customers at a Dunkin' Donuts shop across from a school with a polling place. Autographs-seekers jostled with reporters, cameras and Secret Service agents as Obama worked his way through the crowd with Washington Mayor Adrian Fenty to deliver donuts and coffee to his poll workers.

Coming off weekend victories in five contests, Obama was favored to win the mid-Atlantic primaries which draw a heavy blend of black and better educated voters, blocs that have aided his wins in earlier matchups against Clinton. Likewise, McCain was favored on the GOP side.

Democrats picked 168 delegates and Republicans 116 on Tuesday.

"We need something new," Obama told a huge rally at the University of Maryland on Monday, dismissing the former first lady's suggestions that he is not tough enough for the rigors of the presidency.

The Illinois senator was traveling late Tuesday to Wisconsin, which votes next week, along with Hawaii, where Obama grew up.

With the Clinton campaign all but conceding losses Tuesday, as well as in other primaries during the month, the New York senator prepared to fly to Texas, which holds its primary on March 4. She is banking on strong showings there and in Ohio, which votes the same day, to blunt Obama's momentum.

"I wouldn't be doing this if I didn't think I would be the best candidate," Clinton told reporters Monday as she campaigned near Baltimore. "So I'm going forward — every day, we get to make our case to the American people."



US Congress backs stimulus for troubled economy
Politics | 2008/02/08 08:19
The US Congress has overwhelmingly approved a giant economic stimulus plan sought by the White House amid mounting fears that the world's biggest economy could be sliding into a recession. Senate and House of Representative lawmakers approved the economic aid package in separate votes, clearing the way for it to be signed into law by President George W. Bush. "The president will sign it next week," White House spokeswoman Cynthia Bergman told AFP. She said an exact date had not yet been announced.

Bush has hailed the package amid a worsening housing market downturn and a dramatic slowdown in American economic growth.

The stressed economy lost jobs last month for the first time in over four years and a Wall Street credit crunch, triggered in part by rising home foreclosures, has roiled global financial markets in recent months.

"This plan is robust, broad-based, timely, and it will be effective. This bill will help to stimulate consumer spending and accelerate needed business investment," Bush said in a statement released Thursday by the White House.

The plan is valued at around 150 billion dollars and crammed with temporary tax rebates and business incentives.

Tens of millions of Americans are likely to receive tax rebate checks in their mailboxes in coming months after Bush gives the stimulus his official blessing.

Treasury Secretary Henry Paulson also welcomed congressional approval of the package, saying it would inject money into a stressed economy.

"This package of payments to individuals and incentives for businesses to invest will support our economy as we weather the housing downturn," the Treasury secretary said.

Democratic and Republican senators had sparred over different incentives after the House of Representatives passed an initial version of the plan last Tuesday.

The Democratic-controlled Senate approved an amended version of the House measure Thursday which senators changed to include tax rebates for low-income retirees and military veterans.

House lawmakers met in an evening session to quickly approve the final amended package.

The plan calls for tax rebate checks of up to 600 dollars for individual taxpayers and up to 1,200 dollars for couples, plus additional cash for dependent children.

It also expands financing opportunities in the housing market by allowing Fannie Mae and Freddie Mac, two mortgage finance companies, to purchase or guarantee mortgages larger than 417,000 dollars up to 729,750 dollars.

Lawmakers said it will not benefit wealthy Americans, as tax relief begins to phase out for individuals earning 75,000 dollars and for married couples with a combined income above 150,000 dollars.

It will, however, provide "unprecedented" help to some 35 million families who work but make too little to pay taxes, they said.

People who earned at least 3,000 dollars in 2007 are eligible for 300 dollars per individual or 600 dollars per couple, lawmakers said.

Democrats and lawmakers from Bush's Republican Party applauded the plan.

"Today's agreement is a victory for a better, more effective economic stimulus. Economists agree that consumer spending, fueled by tax rebates, can boost America's economy," said Democratic Senator Max Baucus.

Republican Senator Mitch McConnell said:"This is not a victory for Republicans or Democrats. This is a victory for the American people."

It's unclear, however, how much of a boost the vast package will give the troubled economy. Some economists have voiced doubt about whether the plan will deliver a needed shot-in-the-arm to growth.

Its success will depend in part upon whether Americans spend their rebate checks and boost consumer spending or stuff them in bank accounts.

Political concern about the economy has increased amid worries the country is on the cusp of a recession.

The Federal Reserve has slashed interest rates since September in a bid to fire up economic momentum, which slowed significantly to a 0.6 percent annualized crawl during the fourth quarter of last year.

Paulson said the government could start mailing out tax rebates to those eligible to receive them by early May.



EPA's Relaxed Emissions Rule Struck Down
Politics | 2008/02/08 05:54
A federal appeals court struck down a Bush administration policy exempting power plants from certain environmental regulations. The court said the policy was unlawful.

The U.S. Court of Appeals for the District of Columbia Circuit negated a rule known as cap-and-trade. That policy allows power plants that fail to meet emission targets to buy credits from plants that did, rather than having to install their own mercury emissions controls. The rule was to go into effect in 2010.

The court struck down the cap-and-trade policy and the Environmental Protection Administration's plan to exempt coal- and oil-fired power plants from regulations requiring strict emissions control technology to block emissions.

New Jersey and many other states challenged the policy in federal court. The agency defended the rule, saying it represented the nation's first attempt to control such emissions and would reduce mercury emissions by 70 percent.

The three-judge panel agreed with the states that the EPA did not have the authority to exempt the power plants. The court unanimously ruled that EPA's arguments were "not persuasive."

Mercury is a powerful neurotoxin that accumulates in fish and poses the greatest risk of nerve and brain damage to pregnant women, women of childbearing age and young children. Emissions of mercury total about 48 tons a year, most of it in the form of air pollution that winds up in waterways.

The states argued that the cap-and-trade system would endanger children near some power plants that pollute but which also use credits to do it legally.

"This means the EPA is going to have to go back and do a real job of regulating all the toxics coming out of these plants," said attorney James S. Pew, who argued on behalf of several environmental organizations that filed documents in the case.

Joining New Jersey in the lawsuit were: California, Connecticut, Delaware, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, New Hampshire, New Mexico, New York, Pennsylvania, Rhode Island, Vermont and Wisconsin.



Obama Raises $7M Post Super Tuesday
Politics | 2008/02/07 03:14
Democratic Sen. Barack Obama has raised $7.2 million for his presidential campaign since the first polls closed on Super Tuesday night, his campaign said Thursday, a remarkable figure that is causing concern among supporters of Sen. Hillary Rodham Clinton.

Meanwhile Thursday, the Clinton campaign asked Obama to debate once a week, but he demurred.

Obama, riding a wave of fundraising from large donors and small Internet contributors, also raised $32 million in January.

Clinton acknowledged Wednesday that she loaned her campaign $5 million late last month as Obama was outraising and outspending her heading into Feb. 5 Super Tuesday contests. Some senior staffers on her campaign also are voluntarily forgoing paychecks as the campaign heads into the next round of contests.

Obama and Clinton outpaced all candidates in 2007, with each raising $100 million.

The Obama campaign said on its Web site that $7.2 million has been received since Tuesday evening. Campaign spokesmen said they were confident the figure was accurate.

Buoyed by strong fundraising and a primary calendar in February that plays to his strengths, Obama plans a campaign blitz through a series of states holding contests this weekend and will compete to win primaries in the Mid-Atlantic next week and Hawaii and Wisconsin the following week.

He campaigned in Louisiana Thursday. The state holds its contest Saturday.

Clinton, with less money to spend and less confident of her prospects in the February contests, will instead concentrate on Ohio and Texas, large states with primaries March 4 and where polling shows her with a significant lead. She even is looking ahead to Pennsylvania's primary April 22, believing a large elderly population there will favor the former first lady.

In a sign of Clinton's increasing concern about Obama's growing strength, her campaign manager, Patti Solis, sent a letter Thursday to the Obama campaign seeking five debates between the two candidates before March 4.

"I'm sure we can find a suitable place to meet on the campaign trail," Solis wrote. "There's too much at stake and the issues facing the country are too grave to deny voters the opportunity to see the candidates up close."

Obama rejected a debate proposed as soon as this Sunday to be broadcast on ABC, but his campaign spokeswoman Jen Psaki said Thursday, "there will definitely be more debates, we just haven't set a schedule yet."



$3 Trillion Bush Budget Already Attacked
Politics | 2008/02/04 07:14
President Bush is sending Congress a $3 trillion spending blueprint that would provide a big boost to defense and protect his signature tax cuts.

It seeks sizable savings in government health care programs and puts the squeeze on much of the rest of government, but it would still generate near-record budget deficits over the next two years.

Even before receiving the document Monday, Democrats were attacking it for slashing programs to help the poor while protecting tax cuts for the wealthy.

"This is a budget that sticks it to the middle class, comforts the wealthy and has a set of priorities that are not the priorities of the American people," said Senate Budget Committee Chairman Kent Conrad, D-N.D.

Democrats saw the plan as a continuation of failed policies that have seen the national debt explode under Bush. A projected 10-year surplus of $5.6 trillion when Bush took office was wiped out by the 2001 recession, the increased spending to fight terrorism and, Democrats contend, Bush's costly tax cuts.

Bush's spending blueprint sets the stage for what will probably be epic battles in the president's last year in office, as both parties seek to gain advantages with voters heading into the November elections.

Bush, who was the first president to propose a $2 trillion budget, back in 2002, will leave office as the first president to hit $3 trillion with a spending plan.

His blueprint for the budget year that begins next October projects huge deficits, around $400 billion for this year and next, more than double the 2007 deficit of $163 billion. Private economists believe the deficit could easily surpass the previous record in dollar terms of $413 billion set in 2004, especially if the country does go into a recession.

The sharp jump in the deficits reflects, in part, a proposed economic stimulus plan of around $145 billion. Bush is urging Congress to pass it quickly as a way of getting tax rebates to households this summer in hopes of preventing a full-blown recession.

As in past years, Bush's biggest proposed increases are in national security. Defense spending is projected to rise by about 7 percent, to $515 billion, and homeland security money by almost 11 percent, with a big gain for border security. Details on the budget were obtained through interviews with administration officials, who spoke on condition of anonymity until the budget's release.

The bulk of government programs for which Congress sets annual spending levels would remain essentially frozen at current levels. The president does shower extra money on some favored programs in education and to bolster inspections of imported food, following last year's high-profile recalls of tainted products coming from China.

Bush's spending proposal would achieve sizable savings by slowing the growth in the major health programs — Medicare for retirees and Medicaid for the poor. There the president will be asking for almost $200 billion in cuts over five years, about three times the savings he proposed last year. The savings would come from freezing payments for hospitals and other health care providers.

Congress rejected last year's effort and Democrats are predicting Bush's new proposal will meet the same fate.



Obama Fights Back Against Bill Clinton
Politics | 2008/01/21 07:38

Presidential candidate Barack Obama accused former President Bill Clinton of distorting his words as the Democratic race in South Carolina heated up on Monday.

Meanwhile, Republican presidential hopefuls kept their focus on economics as they began campaigning for the Jan. 29 primary in Florida.

Obama, who was edged out by the ex-president's wife Hillary Rodham Clinton in the Saturday caucuses in Nevada, had harsh words for Bill Clinton, who is beloved in many Democratic circles _ including among many blacks, who could be key to a win in South Carolina's weekend primary.

The former president "has taken his advocacy on behalf of his wife to a level that I think is pretty troubling" by making statement that are not supported by facts, Obama said in an interview broadcast Monday on ABC's "Good Morning America."

The Clinton campaign has suggested it would continue pointing out inconsistencies in Obama's record.

Republicans are preparing for delegate-rich Florida, where the race remains wide open despite John McCain's recent wins in South Carolina and New Hampshire. A win in Florida would afford the candidate a whopping 57 delegates and a huge jolt of energy in the run-up to Feb. 5, when 22 states hold nominating contests.

Clinton and Obama have been locked in a fierce battle for the party's nomination in a history-making campaign that pits a black man and a woman. Obama won the Jan. 3 Iowa caucuses and Clinton emerged triumphant in New Hampshire, five days later.

Their campaign has vacillated between congenial exchanges, a dispute on race and, before Nevada's contest Saturday, charges of dirty politics. So far, no clear front-runner has emerged, making the Jan. 26 contest in South Carolina, where blacks make up about 50 percent of the Democratic electorate, particularly important going into the Feb. 5 de facto national primary.

Trailing candidate John Edwards is looking to make the Democratic contest a three-way race with a strong showing in South Carolina, which neighbors his home state of North Carolina.

Edwards got 4 percent of support in Nevada, compared with Clinton's 51 percent and Obama's 45 percent.

On Sunday, Obama took to the pulpit at Martin Luther King Jr.'s Ebenezer Baptist Church in Atlanta on the eve of the federal holiday marking the civil rights hero's birth 79 years ago. He based his speech on King's quote that "Unity is the great need of the hour."

Obama is counting on blacks to stick with him in South Carolina to halt his losing streak in the last two state races, and his campaign has worked to overcome concerns among black voters that he would not be able to win an election in white America. He lost Nevada despite winning 83 percent of blacks, who made up 15 percent of the total vote.



Domino's Pizza Founder Supports Romney
Politics | 2008/01/11 09:32
Get the door, it's Tom Monaghan. And he's delivering family values to Mitt Romney in 30 minutes or less.

The former Domino's Pizza owner and noted anti-abortion activist today cast his lot with the struggling Romney campaign, which, using its own internal nomenclature, has yet to win a gold medal in a state larger than Wyoming.

Romney is coming of back-to-back second-place finishes in Iowa and New Hampshire, places where he once appeared a lock to win. The good news is that he lost those states to two different candidates, Mike Huckabee and John McCain, meaning the GOP race is still relatively wide open.

Monaghan is the wealthy Michigan businessman who, among other things, launched Ava Maria School of Law in Ann Arbor, which was intended to be a conservative counterweight to liberal-leaning law schools. He also runs an anti-abortion political action committee. He is building his own town in southeastern Florida to house his academic and philanthropic ventures.

Many prominent Catholic lawyers, including Mary Ann Glendon, recently nominated by the White House to serve as U.S ambassador to the Vatican, have joined up with the Romney effort because of the candidate's anti-abortion stance.

The Michigan Republican primary is Jan. 15.

"As someone who values the importance of faith in one's life, I recognize in Mitt his deep religious convictions which will serve him well in facing the critical moral issues facing our society," Monaghan said in a statement. " I believe he will stand firm on the pro-life issues and for the traditional family values that our country was founded on and which are so critical to the future of our nation."

Romney and Monaghan met each other in 1998, when Monaghan sold Domino's to Romney's Bain Capital for $1 billion.


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