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Barack Obama

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Although President Obama Warns of a "Double-Dip" Recession, Money Morning Expects U.S. Recovery to Continue

By , Money Morning -

retirement blackout In a warning that focuses on the need to contain the soaring federal deficit, U.S. President Barack Obama yesterday (Wednesday) said that a continued accumulation of government debt could be enough to blunt the recovery and then drop the U.S. economy into a “double-dip” recession.

It was President Obama's most-severe warning yet about the dangers of growing budget deficits at a time when the U.S. unemployment rate is at 10.2% and climbing. The comments were made to Fox News during an interview granted in Beijing during the president's nine-day trip through Asia.

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The Three Key Economic Issues Obama Will Tackle In His First Asia Trip

By , Associate Editor, Money Morning -

When U.S. President Barack Obama this week makes his first visit to Asia as the nation's chief executive, he will have no shortage of issues to address. However, there are three key subjects that he will pay particular attention to.
  • China's currency, the yuan, which Beijing keeps undervalued to boost exports.
  • The large trade imbalance between China and the United States.
  • And a pending free trade agreement (FTA) with South Korea.
Analysts believe President Obama will push to ratify a free trade deal with South Korea that was signed in 2007 but has failed to pass legislatures in both countries. Many also hope he will pursue other agreements like it.

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Special Report: How the Government is Setting Us Up for a Second Subprime Crisis

By , Capital Wave Strategist, Money Morning • @WallStreet_II -

[Editor's Note: Shah Gilani, a retired hedge fund manager and noted expert on the global credit crisis, predicted this developing FHA debacle in a July 2008 Money Morning essay.] Is the government creating another subprime-mortgage bubble? The first time around, the three-headed federal serpent – the Bush administration, the Treasury Department and the U.S. Federal […]

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G20 Leaders Meet to Rebalance World's Economy While Imposing Banking Reforms

By , Contributing Writer, Money Morning -

Leaders from the G20 nations, which represent 85% of the global economy, will hold an economic summit in Pittsburgh this week to determine how they can keep the economic recovery on track while rebalancing growth and imposing new regulatory restrictions on banks. U.S. President Barack Obama and his overseas counterparts will meet for the third […]

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New Data Show Slow Recovery for U.S. Housing and Unemployment

By , Contributing Writer, Money Morning -

Recent data suggests that crises in the job and housing markets have begun to subside. But a thorough examination of the numbers suggests the U.S. economy still has a lot of healing to do. Government reports released today (Thursday) revealed the number of Americans filing initial claims for unemployment benefits was lower than forecast last […]

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Here's Why the U.S.-China Tire Tiff Could Lead to Great Depression II

By , Global Investing Specialist, Money Morning -

When U.S. President Barack Obama late Friday (Sept. 11) signed an order that imposed an additional duty of 35% on tires imported from China, it set up the potential for an old-fashioned trade war. Currently, global trade is down only 20%. During normal times, worldwide commerce would recover on its own. But as most investors […]

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Obama Rejects Automakers’ Reorganization Plans; Elevates Potential for Bankruptcy

By , Managing Editor, Money Morning -

By Jason Simpkins Managing EditorMoney Morning General Motors Corp. (GM) shares plunged more than 25% yesterday (Monday) – sparking a widespread stock-market sell-off – after U.S. President Barack Obama rejected turnaround plans that would have brought GM and Chrysler LLC billions in government rescue money and told the carmakers that bankruptcy might provide the best […]

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An Open Letter to President-Elect Barack Obama: How a Regulatory Makeover Can Fix the Financial Crisis

By , Capital Wave Strategist, Money Morning • @WallStreet_II -

[Editor’s Note: This is the third installment of a three-part examination of deregulation, and how it helped spawn the U.S. credit crisis. In this capstone installment, Gilani outlines a plan for rebuilding the nation’s regulatory safety net.]

Dear Mr. President-Elect:

The people of the United States have spoken. Their collective voice resonates loudly and overwhelmingly in praise of your vision and promises for America the beautiful.

Over the many voices, the chorus of a common refrain resounds: There is nothing we as a people cannot do if inspired by confidence in our president, honest and transparent democratic government, and equal opportunity in pursuit of our happiness.

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Obama's Stimulus Plan: When is There "Too Much" Stimulus?

By , Global Investing Specialist, Money Morning -

By Martin Hutchinson Contributing Editor Money Morning/The Money Map Report The Congressional Budget Office's announcement Wednesday that 2009's budget deficit was going to be $1.19 trillion – before a nickel of President-elect Barack Obama's stimulus plan has been included – raises a crucial question for the U.S. economy: Is there too much stimulus, and what […]

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Election 2008: Dawning of Democratic Convention Illuminates a Few Bright Spots For Investors

By , Global Investing Specialist, Money Morning -

"Election 2008" is an ongoing Money Morning series that examines the investor implications of the presidential election campaign. By Martin Hutchinson Contributing Editor No matter who wins the looming presidential election – Barack Obama or John McCain – investors are likely to see a similar outcome: The new president will quickly remove the distortions in […]

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