9:26 AM, Jan 18, 2014 • By JERYL BIER
Vice President Joe Biden addressed the North American International Auto Show in Detroit on Thursday and reminisced about the state of the industry before and after the Obama administration came into office. He observed that the steep decline in auto sales during President Obama's first year in office "had nothing to do with us ... we get more credit sometimes than we deserve." It appears Biden was using "credit" ironically, suggesting the critics of the president hold him responsible for things that were outside his ability to control.
Here are his remarks in context:
My mother -- my deceased wife used to say that the greatest gift God gave mankind, and she meant it, was the ability to forget -- I'm being serious - think about it -- the greatest gift is the ability to forget, to forget the bad things and focus on the good. The good news is American public had already forgotten how tough it was in '07, '08, '09 and the good news is that we're back. Car sales, when we took office -- it had nothing to do with us -- in 2009 - I don't mean -- we, we get more credit sometimes than we deserve - in 2009, they plunged 40% in a single year.
'Congress needs to be in a 12-step program.'2:05 PM, Oct 10, 2013 • By DANIEL HALPER
Senator Tom Coburn tore up a poster of what he called "Congress's credit card" on the Senate floor:
"Do we, in fact, have the right or the privilege or the ability to ask for an extension and a raising of our debt when, in fact, we haven't acted responsibly with our spending?"
11:06 AM, Oct 9, 2013 • By DANIEL HALPER
A Florida TV station reports that people's credit score's will "have a big impact" on how much they pay for Obamacare:
4:37 PM, Jul 29, 2013 • By JERYL BIER
When the Affordable Care Act passed in 2010, one provision that kicked in immediately was a Small Business Health Care Tax Credit. The IRS explains how the fairly generous credit works:
For tax years 2010 through 2013, the maximum credit is 35 percent for small business employers and 25 percent for small tax-exempt employers such as charities...
4:24 PM, Mar 28, 2013 • By DANIEL HALPER
Chief Justice John Roberts is the victim of credit card fraud, according to multiple reports out today.
UPDATE: Secret Service is investigating.1:46 PM, Mar 12, 2013 • By DANIEL HALPER
First Lady Michelle Obama's social security number and credit report have been leaked online, the Associated Press reports.
"First lady Michelle Obama is the latest public figure to have her Social Security number and credit report leaked online by a website posting private data on celebrities and government officials," reports the AP.
11:42 AM, Jun 14, 2012 • By DANIEL HALPER
According to figures provided by the International Monetary Fund, and compiled into this easy to read chart by the Republican side of the Senate Budget Committee, America will "spend 60 percent more per person than Spain over [the] next 5 years."
12:00 AM, Nov 12, 2011 • By IRWIN M. STELZER
Greece is a far away country about which we know very little, as Neville Chamberlain described Czechoslovakia right before developments there brought the world closer to World War II.
9:01 AM, Aug 8, 2011 • By JEFFREY H. ANDERSON
It’s amazing that a senior member of a party that’s in control of a legislative body that hasn’t passed a budget of any sort in more than two years would publically try to pin blame for Standard and Poor’s recent downgrade of America’s long-term credit rating on, of all groups, the Tea Party. But that’s exactly what happened on Meet the Press yesterday.
2:00 PM, May 3, 2011 • By WILLIAM KRISTOL
I just ran into former White House chief of staff/Treasury secretary/secretary of State Jim Baker at Reagan National airport. After some small talk and some sharing of our pleasure at the killing of Osama bin Laden and our admiration for all involved, from the president to the Navy SEALs, we drifted into a discussion of the debt ceiling fight.
A currency divided against itself cannot stand.May 9, 2011, Vol. 16, No. 32 • By IRWIN M. STELZER
A spectre is haunting Europe—the spectre of the disintegration of the eurozone. All the powers of old Europe have entered into a holy alliance to exorcize this spectre: German chancellor and French president, the Brussels eurocracy and the bonus-laden bankers. Let the ruling classes tremble. The debtors have nothing to lose but their burdens.