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White House Council
Latest White House Council Items
The White House said Friday the lowering of the unemployment rate to 7.4 percent in July is further proof that Washington should adopt more of President Obama's proposals to boost the economy, despite a slowing of the rate of jobs added during the month.
President Obama on Monday afternoon will nominate a prime architect of his economic stimulus plan and health care laws in his first term to become chairman of the White House Council of Economic Advisers.
When conspiracists suggested Friday that the Obama administration had engineered a sharp drop in unemployment to aid President Barack Obama's re-election, the response was swift.
Sasquatch might as well have traipsed across the White House lawn Friday with a lost Warren Commission file on his way to the studio where NASA staged the moon landing.
A week away from delivering a major speech on jobs and renewing a battle with congressional Republicans on the economy, President Obama on Monday named labor economist Alan B. Krueger of Princeton University to lead his depleted economic team.
President Obama's policies are, it can also be said at long last, a dismal failure. He has been in office for 30 months, so his agenda, with the help of a sympathetic Senate, has been, for the most part, enacted. And things have gotten worse.
The Obama administration, engaged in an urgent campaign to encourage U.S. companies to create more jobs, issued a report Monday showing a sharp increase in direct foreign investment in the United States in 2010.
President Obama's chief economist is departing as the administration's nearly trillion-dollar recovery is losing steam and Mr. Obama concedes that lackluster job growth could become a trend.
The drumbeat of sobering economic news in the country has the White House on the defensive.