Obama's 3T budget, a Democrat's nightmare (Video)

What is going on out here are two fold. One, people are white hot in anger on bailing out these banks, financial institutions with no regulatory restraints on the very industry that helped to put us in this mess. Two, jobs. People are unemployed, seeing massive tax cuts for the wealthy (which the Obama Administration will allow to expire), but no jobs for them, along with the continued help for the financial industry. Transcript

This is tough for the Obama Administration. Read the proposed budget, here.



OMB Director Peter Orszag and Chair of the Council of Economic Advisers Christina Romer speak and answer questions from the press about the President’s Fiscal Year 2011 Budget. Transcript



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