Obama: Stimulus Critics 'Misguided'

Team searches for ways to bolster economy

(NEWSER) - With economic recovery looking sluggish at best , President Obama is considering a national infrastructure program, alongside a wave of tax cuts for businesses and individuals. Up for discussion are additional tax cuts for small businesses, a possible payroll tax cut for businesses and individuals, and other tax breaks aimed at encouraging businesses to hire, sources tell the Wall Street Journal . More»

(NEWSER) - When the stimulus was in the works, President Obama went to great lengths to show he was sacrificing his top pet project—a clean-coal power plant to be built in Illinois—on the altar of fiscal responsibilities. “It shows that we’re serious,” a rep for Nancy Pelosi said at the time. “There will not be earmarks in this bill.” But the plant is getting stimulus cash after all—$1 billion of it, Politico reports. More»

FCC has until Feb.; ISPs get stimulus now

(NEWSER) - The Federal Communications Commission is beginning to draw up a plan to deliver broadband internet to every home in the US, the Washington Post reports. But as the FCC accepts public comment and reviews policy in the year it has to draft the plan, broadband providers will be using stimulus cash to build new infrastructure—without the guidance of a national blueprint. More»

But president endured tougher questioning than last conference

(NEWSER) - President Obama bypassed reporters from the New York Times, Washington Post, Wall Street Journal, and other major papers last night, instead taking questions from Spanish-language TV station Univision and military newspaper Stars and Stripes. Yet the president faced tougher questions than at his first press conference, often in the form of sharply worded follow-ups, Howard Kurtz of the Post writes. More»

President has raised taxes when business needs a break

(NEWSER) - Everyone loves a scapegoat. The American people have Wall Street fat cats, and President Obama has George W. Bush, writes David Harsanyi for the Denver Post. While Obama, "in a superbly eloquent and inspirational pitch, always reminds us that nothing is his fault," Harsanyi gripes, "nearly every initiative enacted in the first 50 days of the Obama administration has exacerbated what Bush started." More»