Obama

One of the current Republican talking point is that a major reason that firms are not hiring is regulatory uncertainty. Of course there is little or no evidence to support this argument and virtually every poll of business and especially small business shows that fear of regulation is a very minor...

The morning after U.S. President Barack Obama delivered his much anticipated “jobs speech,” investors have found other things to fret about.   Stock markets around the world sold off sharply after it was released that European Central Bank Executive Board Member Juergen Stark was stepping down...

I haven't gone through President Obama's proposed jobs bill in any detail and don't intend to, but, based on this summary from this Economist story today, it sure looks a lot like the stimulus that was enacted a couple of years ago that, like the homebuyer tax credit and “cash for clunkers”, just...

As you may have hears, President Obama introduced a new plan to resuscitate job growth yesterday, but Fed Chief Ben Bernanke gave a speech as well in which, according to this NY Times report, he said Americans are “depressed beyond reason or expectation”. How depressed are they? According to this ...

In an editorial this morning: The unfortunate reality is that even if Republicans gave Mr. Obama everything he wanted, the impact on growth would be modest at best. Washington can most help the economy with serious spending restraint, permanent tax-rate cuts, regulatory relief and repeal of...

Obama did not satisfy the markets last night. Although his $447Bn American Jobs Act is a step in the right direction, $307Bn (68%) of the money is coming in the form of tax cuts and Unemployment Insurance extensions, leaving just $140Bn to go towards the creation of actual jobs.  Even if every...

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 (...

It's funny, how well the right wing comes together to invent lies about Democrats. In the last three years, I've seen Obama called a fascist-socialist-communist (in the same breath), an atheist-muslim, and of course, a evil Kenyan Marxist who wants to ruin the economy. On top of the name calling,...

By now, it should be clear to everyone that the economy needs another boost. Growth is flat, unemployment is high, and the economy overall just sucks. That's actually the technical term, believe it or not. "The Economy Sucks" is defined as "the period that sure feels like a recession, but isn't...

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...