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Obama's Approval Rating Tanks as Gas Prices Soar [VIDEO]
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Gas Prices Loom as Re-Election Obstacle for Obama
By not in system - AOL NewsWASHINGTON - With gas prices climbing and little relief in sight, President Barack Obama is scrambling to get ahead of the latest potential obstacle to his re-election bid, even as Republicans are making plans to exploit the issue. No one seems more aware of the electoral peril than Obama himself. "My poll numbers go up and down depending on the latest crisis, and right now gas prices are weighing heavily on people," he told Democratic donors in Los Angeles this past week. In fact, Obama raised the issue unsolicited in a series of town meetings in Virginia, California and Nevada ...
Obama's Deficit Plans Run Into Economic Reality
By not in system - AOL NewsLOS ANGELES -- President Barack Obama headed west to sell his big picture deficit-reduction plan. But many people are waiting for a quick fix to their own economic problems caused chiefly by persistent unemployment and the crippled housing market. Audiences in California and Nevada understood why it's important to get a handle on the deficit over the long term. Yet they made clear that the economic recovery hasn't fully taken hold in ways that are meaningful to them. As Obama shifts into re-election mode, he will need to show that he hasn't lost his focus on jobs even as the conversation in ...
Obama: 'Change Turned Out to Be a Lot Tougher Than Expected'
By not in system - AOL NewsSAN FRANCISCO -- President Barack Obama told supporters on Thursday he is pressing ahead with his agenda in a difficult political environment in Washington and that "change turned out to be a lot tougher than expected." Obama addressed about 200 people who paid up to $35,800 apiece for the fundraiser at a San Francisco hotel, the first of four fundraisers of the day. Mandel Ngan, AFP / Getty Images The president admitted Thursday that "change turned out to be a lot tougher than expected." Even though he's running for re-election from the White House, Obama said he still wants to ...
Arizona Gov. Surprises, Vetoes 'Birther Bill' [VIDEO]
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GOP Official Under Fire for 'Obama Chimp' Email [VIDEO]
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Obama Sets Goal to Cut Deficit $4 Trillion Over Next 12 Years
By not in system - AOL NewsWASHINGTON -- The White House says President Barack Obama is setting a goal of lowering the deficit by $4 trillion over the next 12 years as he wades into the politically volatile debate over the nation's crushing debt. A week after formally announcing his re-election campaign, Obama is set to propose a mix of tax increases already rejected by Republicans, and cuts to safety-net health programs likely to alienate many liberals. In a speech Wednesday at George Washington University, the president also is expected to propose reducing defense spending and eliminating tax breaks and ...
White House: Obama Regrets Vote Against Raising Debt Limit
By not in system - AOL NewsWASHINGTON -- The White House says President Barack Obama regrets his vote as a senator in 2006 against raising the debt limit. A fight over raising the debt limit is looming, and the White House is trying to explain away the apparent contradiction between Obama's previous opposition, and his position now that it must be increased. Press Secretary Jay Carney said Monday that Obama believes his vote was a mistake. He said Obama now realizes that the debt ceiling is too important to be trifled with. Republicans are threatening to withhold their votes to raise the ceiling unless Obama agrees ...
White House: Obama to Lay Out New Spending Plan to Cut Deficit
By not in system - AOL NewsWASHINGTON - One budget deal down, President Barack Obama and Congress began to pivot Sunday from the painful standoff over this year's spending to a pair of defining debates over the nation's borrowing limit and the election-year budget. Much will be revealed at midweek, when the House and Senate are expected to vote on a budget for the remainder of this fiscal year and Obama reveals his plan to reduce the deficit, in part by scaling back programs for seniors and the poor. Across the dial on Sunday, messengers from both parties framed the series of spending fights as debates over cuts - a ...
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