|
|
|
|
|
|
| |
| |
By Category |
 |
|
|
| |
|
| |
| |
India On Media |
|
|
|
| |
|
| |
|
|
| Others
News |
|
| August brings multiple jolts |
| August brings multiple jolts for Obama presidency
|
| UNITED STATES OF AMERICA
, 11-August-2011
5:7:52 AM |
|
It has been a lousy month for President Barack Obama. And August is not yet two weeks old.
Running for re-election in 2012, he's getting beaten up from the political left for making too many concessions and for abandoning the positions on which he campaigned last time. And he's being attacked from the right by Republican conservatives, who claim his spending and taxing policies are hampering the US economy.
Over the past days, Obama has been confronted with humiliating blows on both the economy and in Afghanistan, while polls show deteriorating public support for both him and Congress amid growing public disillusionment with the US policymaking process.
Usually, August is a steamy, lazy time in the nation's capital when not much gets done and when both Congress and usually the President go on vacation.
But so far this month, the government avoided -- just narrowly -- a first-ever default on its financial obligations as it almost began to run out of cash to pay its bills. A last-minute compromise with Republicans helped avoid the default but wasn't enough to keep the government's credit rating from being downgraded one notch from AAA to AA-plus by Standard & Poor's.
|
|
|
|
|
|
|
|
ADVERTISEMENTS
Free offer!!! Become an administrator for your zip home page, "Post" local news (local to your postcode)& pictures, "Post" advertisement banners from local companies. Make Extra money.
|
 |
 |
|
|
| |
|
