Wednesday, August 10, 2011

Is President Obama Being Supportive of the CBC Jobs Initiative?

congressional black caucus, black unemployment, black politics, barack obama, black news

by Ayvaunn Penn, Your Black World

For the initial CBC jobs initiative report courtesy of the White House Office of Communications, click here.

The Congressional Black Caucus launched its 5-stop tour on Monday starting off by taking thousands of job opportunities to Cleveland, Ohio. Many unemployed citizens are excited about the new job opportunities the CBC has worked to make available with their Congressional Black Caucus “For the People” Jobs Initiative. At the same time, some are wondering why President Obama is not showing more support for CBC efforts. Further more, some are just unhappy that Mr. President is going off on his own job initiative mission in the middle of the CBC jobs initiative campaign. The Washington Post reports:

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Saturday, August 6, 2011

The White House Issues a Statement about the Historic Downgrade of Federal Debt

White House, black politics, barack obama

 

Your Black Politics received this message from the White House today.  It is President Obama’s first response to recent reports that for the first time in U.S. history, federal government debt has been downgraded from AAA status.

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Friday, August 5, 2011

In Monumental Move, S&P Set to Downgrade US Gov’t Credit Rating

by Dr. Boyce Watkins, Your Black WorldScholarship in Action

According to CNN, the Standard & Poor’s rating agency has told the Obama Administration that it plans to downgrade the U.S government’s AAA credit rating.  The ruling has not been announced to the public and it is reportedly being challenged by the White House.  The move would be unprecedented, for the United States has long been considered one of the most credit-worthy financial entities in the world.

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