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

L&T Finance Holding sees consolidation in NBFC space post RBI norms on liquidity coverage ratio
The Reserve Bank of India (RBI) has released a draft circular on liquidity risk management for non-banking financial companies (NBFCs) in the ...
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Aerial Combat: United Airlines Ejects Avianca Chairman Efromovich, Replaces Him With Arch ...
When contacted late Friday, a United Airlines spokesperson told Finance Colombia 'While Avianca will remain an independent company and continue ...
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TRIBUNE: Legislature agrees on school finance, property taxes, more
Texas House, Senate agree on school finance, property taxes, Hurricane Harvey recovery. The Texas Legislature on Sunday advanced a $250.7 ...
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Acron Group's Q1 2019 IFRS Net Profit Up 82% to USD 133 Million
In US dollar equivalent, revenue was up 6% to USD 446 million from USD 423 million. EBITDA* was up 31% year-on-year to RUB 10,456 million (Q1 ...
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US dollar closes lower on Taipei forex market
Taipei, May 27 (CNA) The U.S. dollar fell against the Taiwan dollar Monday, shedding ... Turnover totaled US$758 million during the trading session.
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Snowball effect of the S&P, the exhaustion of the dollar strengthening
The US dollar could also be next in the line for a correction and the pound will gain strength and rebound. We recommend that you wait for a close ...
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US dollar rate goes down by Rs1
KARACHI: The rate of US dollar went below Rs150 in the interbank market on Monday after touching historical high last week. The US dollar slipped ...
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Rupee Appreciates To 69.34 Against Dollar
The rupee appreciated by 19 paise to 69.34 against the US dollar on Monday, driven by weakening of the greenback and positive opening in domestic ...
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