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

US Dollar Technical Forecast: USD/SGD, USD/MYR, USD/PHP Rates
The US Dollar may be readying to turn higher against the Singapore Dollar. USD/SGD has broken above the Falling Wedge after bouncing on the ...
>> Read more here

10 USD to AMD
10 USD to AMD converion using latest Fx Rates. $10 US Dollar to Armenian Dram '' conversion online.
>> Read more here

US Dollar Technical Forecast: USD/SGD, USD/MYR, USD/PHP Rates
Trade all the major global economic data live as it populates in the economic calendar and follow live coverage for key events listed in the DailyFX ...
>> Read more here

Petrol price again crosses Rs 80 per litre in Mumbai. Check today's fuel rates in top cities
As per the country's daily pricing mechanism, the retail prices of are dependent on the global crude prices and the rupee-US dollar exchange rate as ...
>> Read more here

US Dollar Index struggles for direction just below 98.00
The US Dollar Index (DXY), which gauges the greenback vs. a basket of its main competitors, is extending the gradual weekly upside to the 98.00 ...
>> Read more here

China plays pivotal role in structural change of forex market: UBS
A more uncertain global environment might support the US dollar due to its safe-haven characteristics, but longer-term dynamics could result in a ...
>> Read more here

US Dollar Technical Forecast: USD/SGD, USD/MYR, USD/PHP Rates
The US Dollar may be readying to turn higher against the Singapore Dollar. USD/SGD has broken above the Falling Wedge after bouncing on the ...
>> Read more here

Rupee rises 6 paise to 71.70 against US dollar in early trade
The Indian rupee on Friday appreciated by 6 paise to 71.70 against the US dollar, amid fresh foreign fund inflows and easing crude oil prices.
>> Read more here