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

EMERGING MARKETS-Latam stocks fall ahead of Fed meeting, forex mixed
By Agamoni Ghosh March 20 (Reuters) - Latin American stocks fell in broad-based declines on Wednesday as investors avoided riskier assets ahead ...
>> Read more here

Australian jobs data to drive odds for more stimulus ' Forex News Preview
Australian employment figures will be carefully watched on Thursday at 0030 GMT as the central bank keeps relying on a tighter labor market to ...
>> Read more here

FOREX-Dollar steady ahead of Fed decision; sterling slides
... * Pound falls after Britain's May requests Brexit delay. * Fed's balance sheet plan, economic outlook under microscope (Updates rates, comments to ...
>> Read more here

USD/JPY Price Forecast ' US dollar runs into resistance against Japanese yen
The US dollar initially tried to rally during the trading session on Wednesday but continues to find quite a bit of resistance above the ¥111.50 level, ...
>> Read more here

FOMC Preview: EUR/USD to Eye Monthly-High on Dovish Forward-Guidance
The Federal Open Market Committee (FOMC) interest rate decision may shake up the near-term outlook for the U.S. dollar as the central bank is slated ...
>> Read more here

US dollar exchange rate continues to decline in Egypt
The US dollar exchange rate continued its decline against the Egyptian pound on Wednesday morning for the third day in a row, being bought at ...
>> Read more here