US President Barack Obama called Saturday for new steps to support America’s small businesses, saying they are key to rebuilding the economy on a new, stronger foundation and creating jobs.
“These companies represent the essence of the American spirit - the promise that anyone can succeed in this country if you have a good idea and [...]
Posts Tagged ‘barack obama’
Obama proposes measures to shore up small businesses
February 6th, 2010 by Financial Writer
Tags: barack obama, business lending, loans, small businesses, us president
more...Obama budget: Record spending, record deficit
February 2nd, 2010 by Financial Writer
Spelling out painful priorities, President Barack Obama urged Congress on Monday to quickly approve a huge new shot of spending for recession relief and job creation, part of a record $3.8 trillion budget that would boost the deficit beyond any in the nation’s history while only slowly beginning to put Americans back to work.
If Congress [...]
Tags: banks, barack obama, recession, record deficit, record spending, unemployment
Obama unveils $3.83T budget with massive deficits
February 1st, 2010 by Financial Writer
President Barack Obama sent Congress a $3.83 trillion budget on Monday that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs.
The deficit for this year would surge to a record-breaking $1.56 trillion, topping last year’s then unprecedented $1.41 trillion [...]
Tags: barack obama, businesses, great depression, inflation, unemployment
Obama hits Wall Street, pushes for bank limits
January 22nd, 2010 by Financial Writer
Embracing Depression-era policy and populist politics, a combative President Barack Obama chastised big Wall Street banks Thursday and urgently called for limits on their size and investments to stave off a new economic meltdown.
Investors responded by dumping bank stock.
Obama’s rhetoric covered the whole financial industry, but the key changes will affect only a few high-profile [...]
Tags: bank limit, bank stock, barack obama, economic meltdown, financial industry, investors, wall street
Bipartisan budget group says deficit curbs needed
December 14th, 2009 by Financial Writer
A bipartisan group of former lawmakers and budget officials called on Congress and President Barack Obama Monday to commit to reining in trillion-dollar plus budget deficits to avoid dragging down the economy.
Policymakers must take steps next year to enact policies to stabilize the debt at 60 percent of the size of the economy to avoid [...]
Tags: barack obama, bipartisan, lawmakers, policymakers, us economy