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

PBOC sets USD/CNY reference rate at 7.1942 vs. 7.1934 previous - FXStreet
On Friday, the People's Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1942, as compared to the previous ...
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PHP/USD: Philippine Peso Declines to Record Low as Rate Outlook in Focus - Bloomberg
Central bank Governor Eli Remolona said Wednesday that interest rates may be cut or put on hold in December, depending on inflation and other economic ...
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BREPE USD (BREPE-USD) Stock Price, News, Quote & History - Yahoo Finance
The last known price of BREPE is 0 USD and is up 3.56 over the last 24 hours. It is currently trading on 2 active market(s) with $1,455.41 traded over ...
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vanitis USD (VATO-USD) Stock Price, News, Quote & History - Yahoo Finance
Find the latest vanitis USD (VATO-USD) stock quote, history, news and other vital information to help you with your stock trading and investing.
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Bitcoin nears $100000 as SEC chair Gary Gensler announces he will step down - Fortune
$USD 0.39. 7.05%. Dogecoin price graph · Ethereum price. Ethereum. ETH. $USD ... Best CD Rates · Best Money Market Accounts · Savings Calculator.
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GBP/USD Selloff Pushes RSI Up Against Oversold Zone - City Index
GBP/USD falls to a fresh monthly low (1.2576) as it gives back the advance from the start of the week, with the recent selloff in the exchange rate ...
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RBI Notifies Amended Forex Rules For Startups - Inc42
... forex rules. The amendments are aimed at simplifying the process for authorised dealer banks regarding opening of foreign currency bank accounts ...
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Tamil Nadu man loses Rs 60 lakh in forex trading scam, probe on - The New Indian Express
According to the police, the complainant was befriended by an unknown person, who introduced him to forex trading, via online.
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Forex Trader Gets 23 Years For $93M Investor Fraud - Law360
A federal jury concluded that Bryant Sewall, alongside business partner Michael Stewart, had defrauded investors using a foreign exchange investment ...
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Former New York cop pleads guilty to foreign exchange fund fraud conspiracy - CNBC
Rodriguez had been indicted in February after he lied to investors and lost most of the $4.8 million they put into his forex investment fund.
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