Politics Barack Obama

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  • Bankruptcy or Foreclosure?

    As the countdown to the Obama administration falls into single digit days, the rhetoric over how to reverse the housing crisis is heating up, and much of the chatter is focusing on bankruptcy and “walkaways”. All of this leads me to ask the question, which is worse to your financial future: personal bankruptcy or foreclosure?

  • The Communist Party is pouring hundreds of billions of dollars into an economywide recovery plan. The U.S., suffering through its own recession, needs to do even more.

  • As President Bush gets set to leave office, President-elect Obama has one more important task for him to complete. Obama and his Midwest Combine are requesting that the outgoing Republican leader send a message to Congress for the remaining $350 billion in TARP funds.

  • President-Elect Barack Obama using his Blackberry

    President-elect Barack Obama, who will take the oath of office next week, has repeatedly acknowledged a strong attachment to his Verizon BlackBerry 8830 World Edition smartphone, a.k.a the BarackBerry. But in an interview last week, Mr. Obama lamented that the Secret Service and his lawyers appeared to be winning the battle to deny him this electronic link to friends, family and news of the larger world.

  • The Dow logged its worst week since late November, erasing all of last week's gains in a brutal week littered with layoffs and profit warnings, and capped with a surge in unemployment.

  • An unemployment rate of 7.2 percent is not the end of the world. It’s not a high point, but it’s also not the apocalypse.

  • The Dow opened higher Friday amid a giant sigh of relief in the market that only half a million jobs were lost in December. Market buzz had indicated the number could be as high as a million.

  • There's a method behind his Mad Money picks. Here's how you put that strategy to work yourself.

  • The Dow opened higher Friday amid a giant sigh of relief in the market that only half a million jobs were lost in December. Market buzz had indicated the number could be as high as a million.

  • President-Elect Barack Obama using his Blackberry

    President-elect Barack Obama has repeatedly said how much his BlackBerry means to him. If he wasn't a public servent, it could also mean a lot of money for him, reports the New York Times.

  • U.S. employers slashed payrolls by 524,000 in December, driving the unemployment rate to its highest level in almost 16 years,  suggesting that the year-long recession was deepening.

  • The Dow turned higher after the December jobs report came in as expected, that is to say that more than half a million jobs were lost in December. Market buzz had indicated the number could be as high as a million.

  • Obama has offered an $800 billion package, with plenty of infrastructure spending that alleges to create three million jobs. Nobody really believes infrastructure spending will end the recession or create permanent new jobs. However, it’s interesting just how much the Obama plan has changed since the election.

  • This stock can't be owned right now for a few key reasons, Cramer says.

  • Barack Obama

    What is it with families? I was pretty thrilled with Obama's speech today about the need for swift, bloated stimulus, with one glaring exception. He said, "to get people spending again, 95 percent of working families will receive a $1,000 tax cut." Nothing wrong with that policy-wise, it's the verbiage that bothers me.

  • Despite tremendous fear that the nonfarm payroll report would be a complete disaster tomorrow, traders acted like there was little urgency. Volume was light, volatility was low and with the exception of one sector (retail) all S&P sectors were up or down less than one percent.

  • obama_barack_8.jpg

    President-elect Barack Obama got plenty of buzz when he talked about his want for a college playoff. Obama was asked last night by CNBC what he thought about Utah's claim for a national championship, given that they are the only undefeated team.

  • Barack Obama

    President-elect Barack Obama's proposed tax cuts are running into opposition from senators in his own party who say they won't do much to stimulate the economy or create jobs.

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    President-elect Barack Obama warned of dire consequences if Congress doesn't pass his economic stimulus plan...

  • President-elect Barack Obama

    Here is the prepared text for a speech given by President-elect Barack Obama on Thursday at George Mason University in Fairfax, Va., as released by his transition office.