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Tuesday, August 24, 2010

**[investwise]** Obama's Failed Presidency, Congressman Ask For Govt Floodgates To Re-Open

 

In a speech on jobs and the economy, House Republican leader John Boehner (BAY'-nur) is urging President Barack Obama to support an extension of tax cuts and to fire key economic advisers.
The text was released in advance before the lawmaker from southern Ohio spoke to the City Club of Cleveland on Tuesday. In his prepared remarks, Boehner says Obama needs to act immediately on several fronts to break what the Republican describes as "ongoing economic uncertainty."
 
Boehner says the president should work with the GOP to renew soon-to-expire tax cuts enacted under President George W. Bush. The lawmaker also calls on Obama to propose aggressive spending cuts and seek the resignations of Treasury Secretary Timothy Geithner and other members of his economic team.

Safe Harbor Statement:

Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.
 
Nothing in this article is, or should be construed as, investment advice.
 
 
 

 
 

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