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

Why David Cameron's salary and finances are not a 'private matter'
Why David Cameron's salary and finances are not a 'private matter'. The former prime minister has claimed nearly 400,000 of public money since he ...
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Auto dealers urge finance ministry, RBI for help to sustain the current crisis
India's automobile dealers on Thursday urged the Finance Ministry and Reserve bank of India to take multiple steps to help auto dealers tide over the ...
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Ex-UK PM Cameron grilled over links to bankrupt finance firm
... steel firm it helped finance. Cameron was summoned to answer lawmakers' questions about his efforts to win government funds for Greensill Capital ...
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Amazon looks to hire 75000, offers $17 an hour and $1K sign-on bonus
The Department of Labor released its weekly report on new jobless claims Thursday at 8:30 a.m. ET. 4h ago. Yahoo Finance. IBM's ...
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Peru: Transition Government committed to healthy public finances
Peruvian Economy and Finance Minister Waldo Mendoza has affirmed that the Transition and Emergency Government is committed to leaving healthy ...
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Dollar Under Pressure Despite Forex Market Demand
It has been a challenging week for the US Dollar forex market but in particular the wider capital markets amid a slump that has seen significant value ...
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ECB meeting minutes could be uneventful for the euro ' Forex News Preview
ECB meeting minutes could be uneventful for the euro ' Forex News Preview · The European Central Bank will release the minutes from April's meeting ...
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AUD/USD Forex Technical Analysis ' Testing Short-Term Retracement Zone at .7712 to .7669
The Australian Dollar is testing its lowest level against the U.S. Dollar since May 4 on Thursday after the greenback was boosted by expectations of ...
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FOREX-Dollar holds gains after inflation surprise; Aussie dollar extends losses
... * Dollar index holds post-CPI gains. * Riskier currencies fall. * Weekly jobless claims due. * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E ...
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