Tag Archives: President Obama

Latest BP Oil Spill News

President Obama put the smack down on BP the other day, saying the company would put $20 billion in a fund that would go to those affected by the Gulf oil spill. BP won’t have to cough up all the money at once to prevent a panic among investors. But, investors got bad news as BP announced it would not pay any dividends for the rest of 2010. There was a payment scheduled for June 21 which was for about $2.6 million which has since been cancelled. The oil continues to flow out of the broken rig. Scientists have estimated … Continue reading →

President Obama’s Town Hall Meeting with Seniors

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President Obama has met a lot of opposition to his new health-care law, but today, he tried to win over senior citizens as many watched his live broadcast about changes in Medicare. Senior citizens may be one of the most concerned groups about health care. After all, as many people age, their health starts to fail or at least become more fragile. And most senior citizens are on a limited budget. With medical care and prescriptions rising, the cause for alarm is understandable. Under the new health-care law, seniors on Medicare will begin receiving $250 drug rebate checks in the … Continue reading →

President Obama Angers School Kids

I suppose I would be irate too if was a school-hating 10-year-old who just learned that the President of the United States was trying to institute a law that would essentially eliminate summer vacation. Forget about three months of free time to swim and snooze in the sun. According to reports, President Obama and Education Secretary Arne Duncan want longer school days and a move toward a “balanced” or year round calendar for school kids. Translation: If Obama gets his way, summer vacation would be dramatically reduced and endless nights of firefly catching and smore making will be a thing … Continue reading →