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American Airlines cuts capacity over economic woes

American Airlines has decided to cut its flight capacity by three percent this year and retire up to 11 Boeing 757 planes in 2012, in part because of the lingering economic malaise. “While our advance bookings are generally in line with last year, we are taking these additional steps in light of…

Americans blame Bush for economic woes: poll

Americans blame the 33rd president, George W. Bush, for the state of the economy more than they blame President Barack Obama, results of an AP-GfK poll released Thursday showed. While 31 percent of those surveyed blame Obama, the majority — 51 percent — pointed at Bush as the reason for…

Obama to face economic woes on bus tour

US President Barack Obama sets out to shore up his fragile political standing Monday, launching a bus tour through key Midwestern states which will resonate with voter anxiety over the economy. Obama will spend three days trekking through Minnesota, Iowa and his adopted home state of Illinois, all of which…

Paul Ryan: Don’t call it a ‘super committee’

House Budget Committee Chairman Rep. Paul Ryan (R-WI) has plenty on his plate to worry about, between the threat of another Standard & Poor’s debt downgrade and the world market’s panic over the U.S.’s economic woes. At least one of his problems, however, is not so super. Ryan would like…

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