The federal report out Friday on January’s employment data contains good news — including for President Obama’s chances at re-election. But, despite the addition of 243,000 new jobs last month and another drop in the nation’s unemployment rate, many — not even all of whom are political opponents of the president — see a long way yet to go. “Today’s jobs report is encouraging, but we should judge it against the overall sluggishness of the economic recovery and a...
A group organizing protests distinct from, but similar in spirit to, Occupy Wall Street is denouncing permission granted by the Obama administration to allow Bank of America’s holding company to transfer risky derivative assets from Merrill Lynch to its federally insured bank. The New Bottom Line — a coalition of small business, community and faith organizations — wrote President Obama, Federal Reserve Chairman Ben Bernanke, Treasury Secretary Timothy Geithner and Federal Deposit Insurance Corp. Acting Chairman Martin Gruenberg —...
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