How Obama influences the US Dollar & 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

Forex: J$137.12 to one US dollar
KINGSTON, Jamaica ' The US dollar on Monday, September 16 ended trading at J$137.12, down by 31 cents, according to the Bank of Jamaica's ...
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S'pore is third-largest forex centre globally and tops in Asia: Survey
A total of 53 central banks, including the Monetary Authority of Singapore (MAS), participated in the survey, which measured the turnover of forex and ...
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Forex Today: oil production disruption spurred risk aversion
The EUR/USD pair settled around 1.1000, pressured by news that the World Trade Organization ruled in favor of the US in the case of illegal subsidies ...
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Rupee continues to slide, opens 22 paise lower against US dollar
The rupee opened 22 paise lower at 71.82 against the US dollar amid elevated crude oil prices. The domestic unit on Monday plunged 68 paise to ...
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Ringgit slightly lower against US dollar at opening
KUALA LUMPUR, Sept 17 ' The ringgit opened slightly lower against the US dollar today in line with regional markets as investors continued to ...
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