(2007-08-31) — President George Bush today ordered the heads of the Treasury and Housing departments to find ways to help prevent people stuck with high-risk subprime mortgages from defaulting on those loans during a housing slump. In an addendum to his memo, he also directed his Cabinet Secretaries to help “cushion the blow” for people [...]
Entries from August 2007
Bush to Aid Troubled Mortgage Holders, Vegas Losers
by Scott Ott · 38 Comments
Tags: Business · Politics · U.S. News
Obama Blames Katrina Survivors for Shattered Faith
by Scott Ott · 96 Comments
(2007-08-29) — On the second anniversary of Hurricane Katrina, Democrat presidential candidate Sen. Barack Obama today blamed some storm survivors for “shattering the faith that millions of innocent people had in the power of government.”
“These people who have organized their own relief and rebuilding efforts have done more to hurt the poor, dependent folks of [...]
Hillary: Sending Katie Couric to Iraq ‘Too Little, Too Late’
by Scott Ott · 12 Comments
(2007-08-29) — Sen. Hillary Clinton, D-NY, today said that the decision by CBS to send Evening News anchor Katie Couric to Baghdad, Iraq, was a “desperate move” that she called “too little, too late.”
“When what you’re doing isn’t working, you need to cut your losses and pull out,” said Sen. Clinton, noting that, “Almost a [...]
Tags: Global News · Media/Journalism · U.S. News
Iran Seeks to Fill Power Vacuum, Bush May Deploy One
by Scott Ott · 21 Comments
(2007-08-28) — Just hours after Iranian President Mahmoud Ahmadinejad said that his nation was ready to fill the coming power vacuum in Iraq, U.S. President George Bush said he might “order the military to deploy one.”
“I know the Pentagon has developed a long-range strategic power vacuum,” said Mr. Bush. “I’m not sure if Iran would [...]
Tags: Global News · U.S. News
Taliban Opium Boom Linked to Growing Belief in Koran
by Scott Ott · 64 Comments
(2007-08-27) — Regions of Afghanistan still controlled by the Taliban last year produced 93 percent of the world’s opium, according to a new United Nations report, which links the illicit drug boom to the growing popularity of the Koran.
An unnamed U.N. source said, “It’s hard to tell whether people are inspired to plant poppies after [...]
Tags: Global News
Gonzales Quits, Bush Appoints Rove Attorney General
by Scott Ott · 25 Comments
(2007-08-27) — Embattled Attorney General Alberto Gonzales submitted his letter of resignation over the weekend to President George Bush, who today announced he’ll fill the post with departing White House adviser Karl Rove.
The president said he selected Mr. Rove because “he meets the major qualification for the job by being one of the few unemployed, [...]
Fred Thompson to Run for President in 2012
by Scott Ott · 46 Comments
(2007-08-24) — Former Sen. Fred Thompson today finally ended all the speculation by announcing he will, in fact, seek the Republican nomination for the presidency in 2012.
“It took me a while to make up my mind,” said Mr. Thompson, the star of TV’s Law & Order, “but if we’re going to mount a serious challenge [...]