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 Index (DX) Futures Technical Analysis ' Strengthens Over 99.250, Weakens Under 98.130
Canada's top lenders lowered their prime rates by 50 basis points on Friday, hours after the central bank unexpectedly cut its key interest rate to help the ...
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Forex Forecast: Pairs in Focus
Over the week, the S&P 500 Index rose in value by 11.05%, WTI Crude Oil fell by 6.84%, and the EUR/USD currency pair rose by 4.06%, so the ...
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Australian PM announces 678 mln USD health support package
Hunt said on Sunday that the rate of infection has slowed in recent days on account of stricter social distancing rules. The government also on Sunday ...
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Today QAR rate to USD Currency converter
1 USD = 3.6405 QAR. 1 QAR = 20.5675 INR. 1 INR = 0.0486 QAR. Today's (Thursday, Nov twenty eight, 2019) Qatari Rial to Indian rupee rate.
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Dave Ramsey: Money to bridge the gap
Making a monthly budget will show you exactly where your money is going. Without it, you can't use every dollar to its fullest potential, because you ...
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Pop Money
Send, request and receive money the easy way. The Popmoney personal payment service lets you send money to friends, family, or almost anyone. All ...
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Rochelle city leaders give themselves haircuts to raise money for local food pantry
But you know what, when you're raising money for a good cause sometimes you've got to give something up. If the worst that I have to do is cut my hair ...
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Business owners raise money for employees during COVID-19 outbreak
It meant a lot to Melissa Staples, who has worked at Bluegrass for 20 years. "It's about me paying my bills. At one it is about getting money but a whole lot ...
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