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

Datamatics Recognized in the 2022 Gartner® Magic Quadrant' for Finance and Accounting BPO
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Suitcases, secret lists, and Citizens United - NPR
Fred Wertheimer, left, director of Common Cause's campaign finances monitoring project, speaks to. Enlarge this image. Charles W. Harrity/AP.
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MUFG Expands Commodity Trade Finance With New Amsterdam Desk - Bloomberg.com
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Meta could be 'bracing for a tornado-like quarter': Wedbush's Dan Ives - Yahoo Finance
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EUR/USD Forex Technical Analysis ' Pressured by Pessimism about Outlook for Global Economy
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Euro-area inflation: Records are meant to be broken | Forex Factory
Euro-area inflation hit yet another record and more will be in store in the coming months. Price pressures have become broad-based and despite ...
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FOREX-Dollar boosted by safety bid on rising recession fears - Nasdaq
Pessimism about the global economic outlook boosted demand for the safe-haven U.S. dollar on Friday while the Australian dollar, ...
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