Obama

It's the big day.   Tonight on national television, US President Barack Obama will take the stage and once again address the issues of economic growth in the world's largest economy.   He will lay out an economic plan, estimated to be $300 billion and aimed at reviving consumer confidence and...

After a plunge in risk appetite on Tuesday when many investors baulked at stocks, favoring the safety of the dollar and even treasury notes at record lows. A fresh look midweek at affairs has investor optimism on the rebound with the dollar under a little pressure as all eyes turn to speeches...

In a paper published in the American Economic Review in 1994, economists David Card and Alan Krueger (appointed today to chair Obama's Council of Economic Advisers) made an amazing economic discovery: Demand curves for unskilled workers actually slope upward! Here's a summary of their findings (...

As I'm sure all Angry Bear readers know, there is a debate within the Obama administration on whether to try to maybe do something about unemployment. To recap Obama has been talking about reducing the deficit which might ideally have no effect (if the reductions were far enough in the future) or...

Those who had long compared President Obama to President Carter can gloat for awhile because now they have a statistic to back them up. For the first time since 1978, when President Carter was in office, the stock market declined for nine straight sessions yesterday, August 4, 2011.Unfortunately,...

What the heck is going on in Washington? In the aftermath of the US debt ceiling deal, this is a key question being asked. What is going on? Where do we stand? Where are we headed? Going against his initial rhetoric, President Obama seems to have given in to the Tea Party with no new tax hikes....

The euro recovered against the U.S. dollar on Wednesday as the U.S. debt deal failed to reassure investors that the U.S. debt crisis will be resolved quickly. Presently, the euro added 0.96% to its value against the greenback to stand around $1.4341. At the same time, the European currency is...

Speaking from the White House Monday night, President Barack Obama called on leaders from both sides of the aisle to compromise in order to avoid a disastrous national default. In an address to the public, the President urged U.S. legislators to act quickly to avoid a "reckless and irresponsible"...

President Obama met with Japanese Prime Minister Naoto Kan on Thursday, pledging that the United States would do all it could to support the Japanese rebuilding efforts, according to Reuters. Japan has been devastated by disasters in recent months. The island nation was first hit with tsunamis in...

U.S. President Barack Obama announced late Sunday evening that Osama Bin Laden, a terrorist on the FBI's 10 Most Wanted List, is dead. "Tonight, I can report to the American people and to the world that the United States has conducted an operation that killed Osama bin Laden, the leader of al...

Bloomberg reports that the Obama administration is considering its options as it relates to sanctions against Syria after increased violence against the people. The sanctions would target the officials leading the crackdown against the people and may include freezing their assets and banning...

Bloomberg is reporting this morning that prospective Republican challengers to President Barack Obama's re-election would need to raise roughly $590,000 a day until June 30 if they entered the race today. This comes after former Minnesota Governor, Tim Pawlenty, said that he was setting up an...

During today's press conference, President Obama said that with respect to the budget, there could be another short-term extension. Obama also spoke about the need to explore new oil production frontiers, and reiterated information on the development of a “groundbreaking fuel efficiency standard...

President Obama is proposing a two-year pay freeze for all Government employees, excluding the Armed Forces. The proposal is one of the many steps Obama is taking in an attempt to right the economy. By freezing pay, Obama looks to save $2 billion this year, and $28 billion over the next 5 years....

Boeing (NYSE: BA) and Indian budget carrier, SpiceJet, announced an order for 30 Next-Generation 737-800s with winglets in the presence of U.S. President Obama late last week. Valued at about $2.3 billion at list prices, SpiceJet had declared its intent to purchase Boeing's Next-Generation 737-...