Tag Archives: Barack Obama

+Europe | 7 days ago

Europe Faces Difficult Search for Growth

WASHINGTON — On paper at least, European leaders agree: They need stronger growth measures to help their economies expand out of their 2½-year-old government debt crisis. Figuring out exactly what those new steps might be will be the hard part.

+Wealth | 33 days ago

Is Romney the Wrong Kind of Rich?

By David Futrelle

Do Americans – or at least a significant portion of them — resent success? To hear some tell it, the biggest division in the country today is between those striving for success – and those who want to tear down the successful. According to presumptive Republican Presidential nominee Mitt Romney, Obama and the Democrats fall [...]

+World Finance | 66 days ago

Obama’s World Bank Pick, Dr. Jim Yong Kim, Links Global Health and Economic Development

By Sam Gustin

President’s Obama’s surprise choice to lead the World Bank, Dartmouth President Dr. Jim Yong Kim, is a widely respected figure with decades of experience working to tackle some of the world’s most intractable problems in public health. Obama’s nomination of Kim, who would be the first doctor to lead the World Bank, underscores the critical link between global medicine and economic development.

+Economy & Policy | 278 days ago

Congressional Budget Office: Get Used to 8% Unemployment

By Sean Gregory

If you’re looking for good news from the Congressional Budget Office’s annual summer update of its budget and economic outlook, which was released today, there’s always this: at least the CBO isn’t predicting that double-dip recession. According to the non-partisan agency that provides economic data to Congress, real GDP will increase by 2.3% this year [...]

+Economy & Policy | 623 days ago

Obama’s New Economic Advisor Defended Subprime Lending

By Stephen Gandel

Austan Goolsbee and President Obama (AP Photo/Pablo Martinez Monsivais) It has become taboo to defend anything having to do with subprime lending. Why would you? It’s clear now that banks and mortgage brokers handed out expensive loans to many people who had little ability to make the payments. It’s also clear that the result was [...]

+Economy & Policy | 628 days ago

Obama’s $200 Billion Tax Cut Problem: What Will Companies Buy?

By Stephen Gandel

Cell phone tower builders could get a stimulus benefit If you think a plan called, “Cash for Cell Phone Towers,” or “Cash for Internal Combustion Engines,” sounds kind of clunky, that may be the problem. On Wednesday, President Obama in a speech in Cleveland, Ohio, officially announces a bonanza of a business tax cut that could boost business [...]

+Economy & Policy | 719 days ago

Is it time to raise the gas tax?

By Barbara Kiviat

Back in 2008, when Barack Obama was running for President, he took a politically unpopular stand on the gas tax. Both John McCain and Hillary Clinton were calling for a gas-tax “holiday” to stimulate the economy. Obama took the side of most economists (not to mention our very own Justin Fox) in saying that a [...]

+Economy & Policy | 824 days ago

4 smart things Barack Obama said about job creation

By Barbara Kiviat

I’ve been pretty critical of a lot of the ideas coming out of Washington about how to encourage job creation, so I thought I’d take a breather and do a more glass-half-full post. As it turns out, I’ve been out in America this week doing some reporting on the topic, speaking with a lot of [...]

+Wall Street & Markets | 987 days ago

Obama to Wall Street: Keep your naughtiness in check. Please

By Justin Fox

The President went to Wall Street today and said … well, nothing new, really. The substance of his speech was that Congress ought to pass all those financial reforms the Treasury Department proposed a few months back. Actually he said near the end of the speech that the reforms “will pass.” Want to put some [...]