White House officials are already criticizing journalist Ron Suskind's book "Confidence Men: Wall Street, Washington, and the Education of a President," which just came out this week, despite having cooperated with Suskind for years. Among the book's more controversial passages are depictions of the Obama White House as dysfunctional, with mean, misogynistic economic advisers undermining a clueless president at every turn. Treasury Secretary Timothy Geithner said, "I lived the original and the reality I lived, we all lived together, bears no relation to the sad little stories I heard reported from that book." White House Press Secretary Jay Carney went even further and accused Suskind of plagiarism, saying, "one passage seems to be lifted almost entirely from Wikipedia."
When America entered the new millennium, the Clinton Administration reported a budget surplus of around $559 billion and the world was in a state of relative peace. With dot-coms booming, real estate values rising and seemingly no end to the nation’s economic prosperity in sight, the American dream seemed to be a reality for more people. But in 2011 the picture is less rosy. What happened over the past ten years, and does it add up to a lost generation; one without hope of achieving the American Dream?
President Obama announced his choice for the new head of the Council of Economic Advisers: Princeton University professor Alan B. Krueger. The 50-year-old most recently served as chief economist for the United States Treasury — those credentials might make for a quick Congressional approval.
Last April the Federal Reserve said that Gross Domestic Product numbers had inched up a respectable 1.8 percent. It was a bright spot in the midst of a bleak economy. The White House touted the news as encouraging, and stocks went up. Now, after a dizzying few weeks of bad news about the economy, the government has revised its numbers, saying the economy really only expanded by 0.4 percent. What happened, and what does this say about the government's understanding of the economy?
After weeks of a bitter standoff, Congress and the White House have finally reached a deal on how to raise the debt ceiling in the 11th hour. The deal was passed by the House of Representatives on Monday evening and is expected to pass the Senate early Tuesday afternoon. But some question whether the President conceded too much in the debate, and if the administration is calling this compromise a victory. For a perspective from the White House, we talk with Jennifer Psaki, White House Deputy Communications Director.
Michelle Obama is hosting a poetry program tonight at the White House, and her guest will be hop-hop artist, Lonnie Rashid Lynn, Jr., better known as, Common. Many conservatives are outraged by this decision, Fox News called the rapper, "vile." Conservatives are pointing to a set of lyrics from Common's "A Letter to the Law," where he says:"With that happening, why they messing with Saddam? Burn a Bush cos' for peace he no push no button. Killing over oil and grease, no weapons of destruction."
This morning, the White House released President Obama's U.S. birth certificate. Obama said in a statement that he hoped this would end any debate over his birthplace, and allow those questioning his country of origin to move on to more important issues. Todd Zwillich, the Takeaway's Washington correspondent, spoke about whether or not this will be the death of the birthers.
Christina Romer, chair of the White House Council of Economic Advisers has resigned. She is the second member this summer to leave the president's economic team. Romer, an expert on the Great Depression, was instrumental in crafting the $862 billion economic stimulus package. She will return to U.C. Berkeley, where she is an economics professor. Chrystia Freeland, global editor in chief of Reuter says that it is fairly common to see big moves when there is a midterm election on the horizon.
Tonight, President Barack Obama will deliver his first prime time address from the Oval Office. Like the State of the Union address, it's an important part of the modern president's conversation with the American people, and often marks a significant statement of policy.