Articles About President Obama

Author:
James I. Clark III
Posted:
02.22.2010

Successful TARP Extended Through Most of 2010

An independent audit released by the bipartisan Congressional Oversight Panel (COP) has found the $700 billion Troubled Asset Relief Program (TARP) to be effective, so much so that the Department of the Treasury has extended it to October 3, 2010.  Treasury Secretary Timothy Geithner plans to use the remaining funds to assist families facing foreclosure […]

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Author:
James I. Clark III
Posted:
01.27.2010

Obama Takes Big Banks to the Woodshed Over Bonuses

President Barack Obama is angry with the big Wall Street banks that took TARP dollars and plans to do something about it.  “We want our money back and we’re going to get it,” Obama said in a White House speech when he proposed the Financial Crisis Responsibility Fee.  “If these companies are in good enough […]

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Author:
Tom Silva
Posted:
01.12.2010

President Obama, Warren Buffett Two Apples on the Same Family Tree

Politics may make strange bedfellows, but it also reveals some interesting family trees. President Barack Obama not only has a supporter in the form of Berkshire Hathaway chairman and investment expert Warren Buffett – the two are also distant cousins. Genealogists at ancestry.com found a family connection dating back to a 17th-century Frenchman named Mareen […]

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Author:
James I. Clark III
Posted:
01.06.2010

TARP Savings Could Finance Jobs Program

The $700 billion Troubled Asset Relief Program (TARP) cost $200 billion less than originally anticipated,  according to a new Treasury Department report.  That reflects faster repayments by big banks, as well as less spending on rescue programs as the financial sector recovers more quickly than expected. And it’s good news for President Obama’s new job […]

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Author:
Jafer Hasnain
Posted:
12.29.2009

Lou Dobbs Is Wrong: America’s Melting Pot a Job Creation Engine

Lou Dobbs’ resignation from CNN after 27 years  has led to speculation about his future plans — whether in politics or a possible move to Fox News.  Dobbs, known for his controversial opinions on immigration, went so far as to question the validity of Barack Obama’s Hawaiian birth certificate and suggested that the president was […]

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Author:
Jafer Hasnain
Posted:

Lou Dobbs Is Wrong: America’s Melting Pot a Job Creation Engine

Lou Dobbs’ resignation from CNN after 27 years  has led to speculation about his future plans — whether in politics or a possible move to Fox News.  Dobbs, known for his controversial opinions on immigration, went so far as to question the validity of Barack Obama’s Hawaiian birth certificate and suggested that the president was […]

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Author:
Mark McDowell
Posted:
12.21.2009

Obama’s Job Plan Will Be More Successful if Driven by the Private Sector

President Barack Obama is well aware that private sector investment creates the majority of sustainable jobs, even though it goes against human nature to invest during hard economic times.  Federal stimulus money has saved/created between 600,000 and 1,500,000 jobs, according to the Congressional Budget Office – a faction of the 7,500,000 million jobs lost.  Lest […]

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Author:
Tom Silva
Posted:
12.14.2009

Buddy, Can You Spare a Job?

With the national unemployment rate at 10.2 percent, President Barack Obama is focusing on job creation – the American public’s number one concern.  The administration’s “White House to Main Street” summit and tour is gathering advice from a variety of stakeholders, including business executives, small-business owners, economists, union officials and Ed Pawlowski, the mayor of […]

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Author:
James I. Clark III
Posted:
11.24.2009

Repealed Glass-Steagall Act Played a Role in Financial Meltdown

When President Bill Clinton signed legislation to repeal the Depression-era Glass-Steagall Act in 1999, he handed Wall Street  a victory that likely contributed to the recent financial meltdown. Glass-Steagall’s repeal eliminated barriers between normal banking activities – deposits and lending – and riskier areas such as derivatives trading. “The capital-market rules are going to change,” […]

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Author:
Tom Silva
Posted:
11.11.2009

Mr. Obama’s Neighborhood

You can be President Barack Obama’s Chicago next-door neighbor for just $1.85 million. That’s the listing price for the 17-room 1906-vintage brick house at 5040 South Greenwood Avenue owned by Bill and Jacky Grimshaw since 1973. The house had been on the market for an unspecified sum since September, but a price had to be […]

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