Obama and the Economy

Barack Obama is the 44th and current President of the United States of America. He is the first African-American to lead this country and the first president born outside the continental United States. He's been in Office since January 20, 2009.

Today, The United States faces its most serious economic crisis since the great depression.

Working class and everyday-people saw their incomes decline by $2,000 in the economic "expansion" from 2000 to 2007, now even deeper income losses are on the horizon. Savings and Retirement accounts have lost $2 trillion dollars. Markets have gone down 40% in the last 12 months. Millions of homeowners who played by the rules can't make their mortgage payments and are confronted with the possibility of foreclosure, as home prices have plummeted. With credit markets nearly frozen, businesses large and small cannot access the credit they need to meet payroll and create jobs.

President Barack Obama and Vice-President Joe Biden, like any other politicians before them, have a plan to revitalize the economy. And they talk about job creation, relief for families, assistance for homeowners, and more legislation that will bring prosperity to the U.S. But reality is sometimes far from campaign promises, and there's always "reasons" why monetary policies are not working.

Latest news on Obama & the Economy

The Ordinary vs NIOD: Which Deals Are Really Worth Your Money' - YouTube
Thank you for tuning in to today's video - The Ordinary vs NIOD: Which Deals Are Really Worth Your Money' - It's November again so the Deciem ...
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Smart Money: Steps to retire comfortably and confidently - Nevada Appeal
You didn't run out of money but was that a successful retirement' Many retirees feel financially prepared but still wonder: How do I turn savings into ...
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Mayor Brandon Johnson's budget pitch blames Trump - Chicago Tribune
However, even that argument is ringing hollow for some aldermen who are balking at the TIF money their ward projects rely on being sacrificed. Ald.
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Pill-popping sheriff who spent tax money on 100 packs of cigarettes, Chik-fil-A begs for forgiveness
Former Spartanburg County Sheriff Chuck Wright, 60, faces up to 20 years in federal prison.
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Efforts to mint Canadian stablecoins push on as calls for rule changes grow - Coast Reporter
No Canadian-dollar pegged stablecoins means more money flowing out of Canada, and into U.S. dollars and U.S. government bonds. "Canada should also ...
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Weekly Forex Forecast - 02/11 to 07/11 2025 (Charts)
Long of the USD/JPY currency pair following a New York close above ¥153.08. This set up on Thursday and the price fell by 0.06% on Friday. Long of the ...
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Live updates: Wall Street driven higher by Amazon surge, ASX flat ahead of RBA decision ...
ASX 200 futures: -0.1% to 8,887 points · Australian dollar: -0.1% to 65.37 US cents · Wall Street (Friday): S&P500 +0.3%, Dow +0.1%, Nasdaq +0.5% ...
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US weighs global dollar push to counter China's currency influence - Cryptopolitan
The US is considering promoting global dollar adoption to counter China's growing influence in the currency market.
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Aussie inflation shocker changes the dial for the RBA - Interest.co.nz
Roger J Kerr says the latest bout of US dollar strength is likely to be as short-lived as all the previous upticks in the USD Index since the ...
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