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

Foreign exchange rates in Pakistan for today, April 17, 2025
Foreign exchange rates in Pakistan for today, April 17, 2025 ... The Treasury & Capital Markets Group of the National Bank of Pakistan (NBP) issued the ...
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Forex Today: Market mood improves as focus shifts to ECB - FXStreet
Forex Today: Market mood improves as focus shifts to ECB. NEWS | 04/17/2025 06:54:12 GMT | By Eren Sengezer. Here is what you need to know on ...
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AUD/USD Forecast: Markets Eye RBA Cut Despite Solid Jobs Data - Forex Crunch
The AUD/USD forecast shows a resilient labor market in Australia. However, market participants are still pricing an RBA rate cut.
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U.S. dollar closes higher on Taipei forex market - Focus Taiwan
U.S. dollar closes higher on Taipei forex market ... Taipei, April 17 (CNA) The U.S. dollar rose against the Taiwan dollar Thursday, gaining NT$0.011 to ...
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US dollar continues to decline following fallout in the markets - YouTube
CommSec's Tom Piotrowski claims the US dollar has continued to decline following yesterday's fallout in the markets. 'The fallout of last night is ...
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Chinese Expert Links Trump's Tariffs to Rapid De-dollarization and US Dollar Decline
However, their approach to using the U.S. dollar as a global reserve currency for a long time has made the Triffin paradox ' even more obvious and has ...
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United States: Is the role of the US dollar as reserve currency under threat' - Credendo
Since Donald Trump took office, he has enacted a series of import tariffs, notably on 2 April 2025 ' the so-called 'Liberation Day '.
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Trump Has Exposed the Fragility of the Global Dollar System - Jacobin
What caused Donald Trump to walk back on many of his tariffs last week was not domestic pressure but a run on the market for US Treasuries led by ...
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BlueBay sells US dollars short, citing low investor confidence - Reuters
RBC BlueBay Asset Management has opened short positions on the U.S. dollar, betting on the end of U.S. exceptionalism as President Donald Trump's ...
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U.S. dollar up in Taipei trading - Focus Taiwan
The U.S. dollar was traded at NT$32.533 at 10 a.m. Thursday on the Taipei Foreign Exchange, up NT$0.013 from the previous close.
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