John DuBois, University of New Mexico/Talk Radio News Service

President Barack Obama announced new small businesses lending initiatives Wednesday aimed at helping small businesses receive more credit and create new jobs. The new policies seek to provide smaller banks with access to TARP funds to encourage lending, coupled with an increase on the caps for existing SBA loans.

“To spur lending to small businesses, it’s essential that we make more credit available to the smaller banks and community financial institutions that these businesses depend on,” the President said during an afternoon speech at the Metropolitan Archives in Landover, Maryland. “These are the community banks who know their borrowers; who gave them their first loan; who have watched them grow from down the street, not from Wall Street.”

“If these institutions put forth a plan to increase lending to small businesses, we will help them get the capital they need to do it at rates that are more affordable than the ones offered to our largest financial institutions,” Obama added. 

By Meagan Wiseley, University of New Mexico-Talk Radio News Service

-Recovery Act

Robert Gibbs introduced Jared Bernstein and Melody Barnes to discuss the report released this morning on education-based jobs saved by the American Recovery and Reinvestment Act.

Bernstein, the Chief Economist and Economic Policy Advisor to Vice President Joe Biden, said that preliminary recipient data that is coming in to the Recovery Accountability and Transparency Board shows 250,000 education jobs saved or created. These jobs are a subset of the 1 million jobs saved or created thus far through the act, which leaves the Economic Council on track to accomplish the stated goal of saving or creating 3.5 million jobs by later next year.

Bernstein added that the data reflects direct jobs, or jobs that are directly created and funded through spending in the Recovery Act. The Council of Economic Advisers has estimated that the Act has saved about 1 million jobs so far, and this estimate includes direct and indirect jobs.

Bernstein said this is clearly the most transparent and accountable treatment of a government program that has ever been seen before.

Barnes, the Director of the Domestic Policy Council, said the Recovery Act has made schools able to avert massive layoffs and also created jobs for educators in the pre-kindergarten, K-12 and higher education fields.

Barnes pointed out that preventing layoffs averted class size expansion, which has been a concern in the educational context.

Additionally, Barnes said reforms have been put in place to increase standards and assessments, teacher effectiveness and student progress tracking. An extended school day and school year for struggling schools has also been implemented.

When asked how the revenues to keep the new jobs in place when the federal dollars from the Recovery Act money are gone, Barnes said the administrations was very cognizant of such a scenario when developing the Recovery Act and that it was created in the context of the economy improving. Thus, states would be able to support these jobs and increases once the economy strengthens.

-Afghanistan

On the possibility of a runoff election in Afghanistan, Gibbs said that, in his assessment, General McChrystal knew the election would be taken into account. Gibbs said a sizable American force in Afghanistan must be met with a credible partner, and that, without a credible partner, no one involved can make a difference. Gibbs said he is supportive of Deputy Chairman of NATO, Lt. Gen. Karl Eikenberry’s plan to work with Afghan President Hamid Karzai on this matter.

Gibbs refused to comment on hypothetical situations regarding a future election, but did say the administration is encouraging processes by the Afghan people to choose a candidate that is legitimate.

-Health Care Reform

On Heath Care reform, Gibbs said the administration is working to ensure choice and competition in the insurance market. He said the President has been clear on his preference for a public option to be in the final bill.

-Sudan

On Sudan, Gibbs said a comprehensive policy is needed to deal with the humanitarian crisis in Darfur. Gibbs said there is pressure being put on the Sudanese government, and if steps are taken to address components of this issue by the government, there will be incentives.

-Iran

On Iran, Gibbs said that Iran has an opportunity and a responsibility to demonstrate to the world their purpose for a nuclear program. He said the U.S. obligation is to get a sizable amount of low enriched uranium out of Iran in order to make the world more secure.

-Economy


On the financial sector, and Godlman Sachs/JP Morgan executive bonuses, Gibbs said the administration does not want to be in the business of executive compensation. He said last September that the American people went through great lengths to make sure the financial system didn’t collapse. He said the banks are equally as responsible to ensure that it doesn’t happen again.

President Barack Obama was awarded the Nobel Peace Prize on Friday “for his extraordinary efforts to strengthen international diplomacy and cooperation between peoples”, making him the third U.S. sitting president to win the Prize. Click the audo link below to listen to the President’s full remarks regarding the award. (5:53)

 

 Standard Podcast [5:53m]: Play Now | Play in Popup | Download

Photo courtesy Mike Memoli, RealClearPolitics

By Talk Radio News Service White House Staff

President Obama says he was “surprised and deeply humbled” to be awarded this year’s Nobel Peace Prize. Mr. Obama, who learned the news in a 6:00 a.m. phone call from White House Secretary Robert Gibbs, will travel to Oslo, Norway for the Dec. 10 award ceremony, which comes with a $1.4 million prize.

Standing in a sunny Rose Garden Friday morning, Obama said he doesn’t feel like he deserves “to be in the company” of prior winners,” adding “I do not view it as a recognition of my accomplishments, but rather as an affirmation of American leadership.”

The Norwegian Nobel Committee, which made the stunning announcement around 5:00 a.m. Eastern time, said it selected Mr. Obama for his “extraordinary efforts to strengthen international diplomacy and cooperation between peoples.”

Asked by Talk Radio News about First Lady Michelle Obama’s reaction, the President declined to comment. He appeared to downplay the event, saying daughter Malia came into the their bedroom to say “You won the Nobel Peace Prize.”

Just 8 1/2 months into the job, Mr. Obama is now the third sitting American President to win the coveted award. Theodore Roosevelt won in 1906 for brokering an end to a war betwen Russia and Japan, and Woodrow Wilson was selected for the honor in 1919 for helping to establish the League of Nations after World War I.

By Meagan Wiseley – University of New Mexico/Talk Radio News Service

Today, President Barack Obama invited 150 physicians from each U.S. state to the White House in an attempt to showcase the medical community’s support for his health care reform proposals. Obama said the physicians have experienced first-hand the problems with the U.S. health care system.

“These men and women here would not be supporting health insurance reform if they really believed that it would lead to government bureaucrats making decisions that are best left to doctors,” said Obama. “They wouldn’t be here today if they believed that reform in any way would damage the very critical and sacred doctor-patient relationship.”

One doctor in attendance is an official from the American Medical Association, Obama said. The AMA is “the nation’s largest organization representing physicians from every state and nearly every medical specialty… [and is] committed to achieving health system reform,” according to its website.

Obama said that nurses and physicians know the system best and urged them to “speak out strongly” on why heath care reform is needed. With their help, the President said he is confident that some form of health reform will pass through Congress this year.

The President, speaking just a few minutes ago, calls today‘s historic nuclear talks with Iran “constructive,” but says it’s just a beginning. The next steps, Obama says, are up to Tehran.

Speaking in the Diplomatic Reception, the President said Iran has just 14 days to allow inspectors from the International Atomic Energy Agency (IAEA) into its uranium-enrichment facility near Qum. He added Iran must follow up by being more transparent. The entire international community, Mr. Obama claimed, “is united” on this matter.

But during today’s talks in Geneva between Iran and the so-called P5+1 (the five permanent members of the U.N. Security Council and Germany), Iran gave no indication that it is willing to back down on its nuclear program.

At the talks, which included the highest-level bilateral discussions between the U.S. and Iran in years, Tehran also agreed to an additional meeting later this month.

Asked whether the additional talks are merely an attempt by Tehran to stall the West, presidential press secretary Robert Gibbs said: “The Iranians need to understand that we mean business.” If talks do not yield fruitful results soon – and by soon, the White House means Dec. 31 – then tougher sanctions will be on the table, Gibbs said.

What kind of sanctions is Obama considering? The President is said to be weighing the cutoff of gasoline supplies to Iran, the thought being that this would further weaken the wobbly Iranian economy. Why does Iran – the world’s 4th biggest oil producer – have to import gasoline in the first place? Because existing sanctions have choked its refineries of spare parts needed to process enough crude to meet its needs – it is estimated that Tehran imports about 25% of its gas.

These sanctions have, in fact, appeared to have an impact. The CIA has reported that fuel shortages forced the regime to ration fuel in July 2007 and impose a stiff fuel tax in October of last year. Both moves, intelligence analysts say, “were met with stiff resistance and violent protests.”

– TRNS Staff

We’re about to get President Obama’s reaction to today’s talks in Geneva between Iran and the so-called P5+1; the president will speak in the Diplomatic Reception room at 3:05 Eastern.

As for the talks themselves, there has been no indication that Iran is willing to back down on its nuclear program. But Tehran has agreed to allow international nuclear inspectors into its uranium-enrichment facility near Qum – no word on when – it also claims that last week’s disclosure of the facility means that Iran has now disclosed all of its nuclear facilities to the West.

At the talks, which included the highest-level bilateral discussions between the U.S. and Iran in years, Tehran also agreed to an additional meeting later this month.

Asked whether the additional talks are merely an attempt by Tehran to stall the West, presidential press secretary Robert Gibbs said: “The Iranians need to understand that we mean business.” If talks do not yield fruitful results soon – and by soon, the White House means Dec. 31 – then tougher sanctions will be on the table, Gibbs said.

What kind of sanctions is Obama considering? The President is said to be weighing the cutoff of gasoline supplies to Iran, the thought being that this would further weaken the wobbly Iranian economy. Why does Iran – the world’s 4th biggest oil producer – have to import gasoline in the first place? Because existing sanctions have choked its refineries of spare parts needed to process enough crude to meet its needs – it is estimated that Tehran imports about 25% of its gas.
These sanctions have, in fact, appeared to have an impact. The CIA has reported that fuel shortages forced the regime to ration fuel in July 2007 and impose a stiff fuel tax in October of last year. Both moves, intelligence analysts say, “were met with stiff resistance and violent protests.”

– TRNS Staff

By Marianna Levyash-Talk Radio News Service

Interior Secretary Ken Salazar announced Thursday the allocation of $1 billion in American Recovery and Reinvestment Act funds for the preservation of the National Park System.

“We have invested $750 million in projects and an additional $350 million in roads…that’s over a $1 billion investment in our national parks.”

Salazar went on to stress the importance of his role as Interior Secretary in improving the 391 national parks in the U.S.

“As Secretary of the Interior, I have a very important … responsibility to serve as steward of our nation’s treasured landscapes.”

White House Gaggle with Robert Gibbs

Coast Guard Exercise
Gibbs said that to his knowledge they had no advance warning, and that there were exercises going on all over the country. We are all safer because of them. Before people report things like this, he said, checking would be good. He did not question law enforcement in trying to keep the nation’s capital safe. As best he could tell, there was reporting based on listening to a police scanner that was not verified. A lot of this might have been avoided. He saw no analogy to the Air Force One fly over in New York.

Asked whether the President has an opinion about whether the public should have been informed that there was a training exercise on September 11th, Gibbs said he did not think the President knew about every training exercise federal, state or local law enforcement do in preparation for something happening again. It was hard to divorce the media coverage from the question. He suggested people should call the White House. If anybody is unnecessarily alarmed based on erroneous reporting that claimed that shots had been fired, everybody is apologetic. It is a Coast Guard decision. Neither the Commander in Chief nor his spokesperson are going to micromanage the training exercises.

Gibbs said there are a lot of responsibilities. People owe it to everybody, not just in the memory of what happened eight years ago, but in the memory of whatever could happen again, that we may not get this story first, but we may be the first ones to get it right.

Senator Carl Levin on Afghanistan
Asked about Senator Levin’s statement on not sending more troops to Afghanistan until the Afghan army and police have been built up, Gibbs said he has not seen Levin’s statement. The administration continues to assess the situation as it has done since the transition. Reorienting the strategy and getting it right is of the utmost importance to the President. There is no imminent decision on increased resources to Afghanistan.

Gibbs said there never was a timetable for an imminent decision. He did not expect anything to happen for many, many weeks. The President made some decisions early on. All of the resources encompassed in those decisions have not gotten to Afghanistan.

Asked if the President was concerned that he is losing members of his own party on Afghanistan, Gibbs said there is not an imminent decision. They would work to get the policy right. For a long time there was not a sufficient focus on getting Afghanistan right. That is what the President would do working in the administration and with members of Congress.

Previewing Monday’s Speech on Wall Street
Gibbs said that it will be on Wall Street because the financial instability started there and it caused it to be felt everywhere else on Main Street. It is the collapse of Lehman Brothers one year later and the financial instability that that signified and its dramatic impact on the economy. The President, even before that, but certainly on that day and the days that followed, has focused on ensuring that the U.S. gets its stability right, and there has been great progress on that. The speech will focus on the need to take the next series of steps on financial regulatory reform to ensure that after what happened a year ago, there are sufficient safeguards to ensure that does not happen again.

Asked if there was a new time frame for legislation, Gibbs said both chairs would say it is a big focus of their fall. The administration has outlined a financial plan and is working with Congress to implement it. It wants to demonstrate why it needs to move forward and why this can’t wait.

9/12ers Rally
When told about the “9/12ers” rallying on Washington on Saturday against the President’s health care reforms, Gibbs said he did not know what they were. “Have fun”, he said.

President’s Minnesota Speech on Saturday
Gibbs said the President will talk about the perils of not acting, and what happens if we delay again, health insurance reform. Ticket distribution will be open to the public, first come, first served. There will be other rallies like this. Asked whether the event is a political event or a Presidential event, Gibbs replied that it is a Presidential event.

Health Care Mandates For Low Income People
Nancy Ann DeParle was on a Yahoo Chat yesterday and spoke about low income people and health care and fines. A question was asked in some detail about this. Gibbs said there are hardship waivers for individual mandates to avoid penalties.

Health Care For Illegal Immigrants
Asked about a back and forth yesterday about whether illegal immigrants could buy insurance on the health exchange, Gibbs said illegal immigrants would not be allowed to access the exchange that is being set up. Asked if people would have to show proof of legal residence or citizenship, Gibbs said that is something they would work out with Congress, but yes.

Paying For Health Care
Asked about criticism from moderate Democrats that there was not enough specificity in the speech Wednesday about how the President was going to pay for health care reform, Gibbs said there was a very constructive meeting with moderate Senate Democrats on Thursday. Some people are surprised that the President is actually going to pay for a proposal, Gibbs said.

Visitor Logs

Press Secretary Robert Gibbs called the White House decision to release visitor logs “as important a transparency mechanism as has been instituted in decades” and said that for future administrations it would be “difficult if not impossible to walk away from.” He said that visits will not be included in the release if they fall into one of three categories: family visits, such as friends of Malia and Sasha; national security exceptions, such as covert operatives; and meetings with people like potential Supreme Court nominees. Gibbs said that all decisions to withhold records under the national security exception will be reviewed by the White House Counsel’s office each month. He also said that visit logs “held back” for people such as nominees will be later released, and the White House will disclose how many records are being held back.

Gibbs cited the number of records—70–100 thousand per month—as a reason for not releasing the visit logs for the entire administration. Gibbs said that he would check with the Counsel’s office about whether the same disclosure policies would apply to Camp David and Air Force One. The records will include the visitor’s full name, whom he or she met with, and the time of entry and departure.

School Address

Gibbs said the upset over President Obama’s address to school kids is “a little bit of the silly season,” and that if telling kids to study hard and stay in school is a political message, someone should tell the NBA. Gibbs noted that Presidents Reagan (in 1988) and H. W. Bush (in 1991) also addressed school children. Responding to schools that are not going to be showing the address, Gibbs said that “there are school districts that won’t let you read Huckleberry Finn,” but he also said there could be logistical reasons for some schools refusals.

Jobs Report

On the new jobless numbers out this morning, Gibbs said that the country is “continuing to see a slowing of the pace of job loss,” pointing out that new jobless claims are about one-third what they were in January. He attributed the slowing to manufacturing numbers being up, new home sales being up, and consumer confidence being up.

Van Jones

Gibbs refused to discuss the Van Jones allegations, saying only that the “Truther” statements are not something the president agrees with and confirming that Van Jones continues to work in the administration.