Did you know that you can’t be for fixing the housing market and not be for President Barack Obama’s American Jobs Act? That was the underlying message of a conference call with two top Obama advisers on Monday morning, …
President Obama
Why America Must Revive Its Middle Class
In an excerpt from his new book The Price of Civilization, liberal economist Jeffery Sachs argues that without a robust middle class and even more government spending, the U.S. will remain stagnant for years.
The Most Overlooked (and Important) Proposal in Obama’s Jobs Plan
It’s no big secret that young Americans are hurting. Youth unemployment is double the national average, college debt loads and defaults are the highest in history, and only 25% of young people had traditional jobs lined up upon …
Curious CapitalistThe Economy
Obama’s Jobs Plan: Will it be Enough to Revive the Economy?
President Obama’s jobs plan, which he outlined Thursday night in a televised speech to the nation, is more ambitious than many people might have predicted. It’s a $447 billion package including lots of tax cuts and some serious …
What President Obama’s Jobs Plan Might Look Like
While the economy teeters on a cliff, Americans want to know what's inside President Obama's new jobs plan. Here are a few good guesses.
Did President Obama’s Remarks Move the Markets?
The financial markets paid little attention to remarks by President Obama on the debt ceiling debate this morning. Stocks and bonds basically treaded water even after a bombshell report from the U.S. Commerce Department that …
As Default Looks More Likely, a Primer on Its Possible Consequences
A couple weeks ago, TIME Moneyland ran a piece about what could happen to regular Americans if the U.S. government defaults. At the time, most of us here thought an actual default was unlikely and that Congress and President Obama would find some solution to raise the debt ceiling. But with the Senate and the House still unable to reach …
Why is Obama Opposed to a Short-Term Debt Deal? Politics
As the tortuous debt ceiling debate continues, with plot twists that even the most diehard political junkies are having a hard time keeping straight, one aspect continues to bedevil the process: the staunch refusal of both …
The U.S. Will Not Default on August 2
The only thing that matters for global markets over the coming days is whether a deal can be struck in Washington over the debt ceiling. That said, there is one major misconception – fostered by politicians – about what the …
The White House and Jeff Immelt on Jobs: Compelling, Infuriating or Simply Irrelevant?
At the start of the week, Jeff Immelt, the CEO of GE and the head of President Obama’s task force on job creation, released an interim report on plans to boost employment in the U.S. The reactions have been relatively …
