Washington: US President Barack Obama today said it was time to end tax breaks to American firms that farm out jobs overseas and help those who create employment within the country, but acknowledged that this alone would not compensate for the seven million jobs lost over last two years. …
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Obama eyes repaid gov’t bank loans for jobs help
Posted on: December 8th 2009 in Market News.
Obama eyes bank bailout funds to create jobs, help businesses get loans; speech on Tuesday WASHINGTON (AP) — Under heavy pressure to get Americans back to work, President Barack Obama on Monday suggested using a suddenly available pot of money left over from the government’s …
Wall street flat after speech from Obama
Posted on: November 7th 2009 in Market News.
Obama says ” Gov’t working to ease pain of joblessness” “I will not rest until all Americans who want work can,”he said. Jobless data declared today is highest in 26 years (since 1983). Unemployment rate could be much higher by next year since employers sti…
Obama’s Spending Spree, Budget Numbers “Have All Gone Mad,” Analyst Says
Posted on: August 27th 2009 in Press Releases.
When retail expert and all-around economy watcher Howard Davidowitz appeared on Tech Ticker in February declaring the worst was yet to come for the U.S. economy and that Americans’ standard of living has changed permanently, our comment boards lit up. But surely with the latest ral…
Bank profits not as impressive as they seem – Wall Street
Posted on: July 18th 2009 in Market Outlook.
Banks turn in hefty profits, but industry still has big problems NEW YORK (AP) — The big banks are making big money again, but they won’t be back to health as long as they have to deal with a recession and customers defaulting on mortgages and credit cards. The impressive n…
Analysis: Obama offers split verdict on economy
Posted on: June 21st 2009 in Press Releases.
WASHINGTON: It’s a difficult balancing act for President Barack Obama and his economic policymakers. Where some economists see “green shoots” of a recovery others see only yellow weeds of continuing recession. It’s hard to know for sure whether things are getting …
US bailout repayment seen bigger than expected: Report
Posted on: June 7th 2009 in Press Releases.
WASHINGTON: The Obama administration is expected to announce next week that a higher-than-expected number of large financial institutions will be allowed to repay their government bailout funds, the Washington Post reported in its Saturday edition. Citing unnamed sources who spoke on the…
Obama’s plan to save GM: bankruptcy, $30 billion
Posted on: June 2nd 2009 in Press Releases.
WASHINGTON (AP) — President Barack Obama pushed a humbled General Motors Corp. into bankruptcy on Monday and said the federal government will act as “reluctant shareholder” when it assumes a 60 percent ownership of the smaller carmaker that emerges. The president said …
Great Speech, Obama! But Still Wrong About The Problem
Posted on: April 15th 2009 in Press Releases.
We can’t say enough about the joy of having a sharp, articulate, and charming president lead this country through this crisis. Every time we watch Obama speak, our confidence is restored. That said, we wish Obama didn’t spend so much time hanging out with …
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