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Barack Obama

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  • Will Obama Help Or Hamper Turnaround? Wednesday, 4 Mar 2009 | 5:43 PM ET

    There seems to be a growing chorus that the Obama plan to save the economy might do more harm that good.

  • Stocks Claw Back in Sub-7,000 Terrain Wednesday, 4 Mar 2009 | 5:17 PM ET

    Stocks rebounded off of 12-year lows Wednesday after the Obama administration launched its mortgage-rescue plan to help millions of struggling homeowners stay in their homes. The market shrugged off a bleak beige-book report and barreled higher in afternoon trading.

  • Recovery Indicators Are Being Ignored Wednesday, 4 Mar 2009 | 4:51 PM ET

    As Team Obama readies its nearly $300 billion mortgage bailout — a plan that at best will have only minor positive impact, and at worst will welfare-ize the housing sector even more — there are recovery indicators out there that are being ignored by the pessimistic administration and its media allies.

  • The "Reflation" Trade Gets Real Wednesday, 4 Mar 2009 | 4:05 PM ET

    Today's rally is based on a combination of the reflation trade, dramatically oversold conditions, and late-day chatter that the House will hold hearings on mark-to-market.

  • Second Liens Forgiven: Are You Kidding Me? Wednesday, 4 Mar 2009 | 3:23 PM ET

    Amid the dozens of pages of details of the Obama mortgage modification plan, one new element will likely not make it into the headlines because it’s something of an afterthought, but...

  • Obama's First 100 Days: What He's Done So Far Wednesday, 4 Mar 2009 | 3:11 PM ET

    The Obama administration Wednesday gave lenders the green light to begin modifying home mortgages under a new $75 billion program aimed primarily at people facing imminent financial hardship.

  • CNBC Look-Alikes—From Rick Santelli to Erin Burnett Wednesday, 4 Mar 2009 | 2:54 PM ET

    When stocks go down, we financial journalists get a lot of hate mail. People lose money, they get cranky and they want someone to blame. We understand. And, in that spirit, we're offering this hilarious list of CNBC "separated at birth" comparisons. Go ahead. Laugh with us. Laugh at us. We're here for you.

  • Stocks Hold Gains Despite Beige Outlook Wednesday, 4 Mar 2009 | 2:18 PM ET

    Stocks rebounded off of 12-year lows Wednesday after the Obama administration launched its mortgage-rescue plan to help millions of struggling homeowners stay in their homes. The market shrugged off a bleak beige-book report and barreled higher in afternoon trading.

  • Obama's Mortgage Plan Won't Help Everybody Wednesday, 4 Mar 2009 | 1:45 PM ET
    Foreclosed Home

    Borrowers are being advised to be patient in their efforts to get help because mortgage companies are likely to be flooded with calls.

  • Dow Regains Strength Despite GE Drag Wednesday, 4 Mar 2009 | 1:34 PM ET

    Stocks rebounded off of 12-year lows Wednesday after the Obama administration launched its mortgage-rescue plan to help millions of struggling homeowners stay in their homes.

  • Kneale: Is Obama Out of His Freakin' Mind? Wednesday, 4 Mar 2009 | 11:39 AM ET

    At the risk of redundancy I'll ask it again: Is he? Is President Obama effin' CRAZY? President Obama blames the continuing global financial crisis for the unmitigated carnage on Monday, when the Dow fell below 7000 and closed down 300 points (or 4.2%) at a 12-year low of 6763.

  • Chadwick: Obama’s Budget Could Hose Housing Wednesday, 4 Mar 2009 | 10:18 AM ET

    The proposal in the budget to reduce the deductibility both of mortgage interest payments and of charitable donations is likely to be particularly counterproductive to two sectors of the economy most needing help at this time, namely housing and not-for-profits, says Patricia Chadwick.

  • Fratto: Jawboning Investors To Buy Won't Work Wednesday, 4 Mar 2009 | 10:12 AM ET

    I can't argue with President Obama's investment advice — a long-term strategy of investing is always wise, and confidence in the future is an important element of any recovery — but jawboning investors to buy won't fix what's ailing this market, says Tony Fratto

  • Should Vegas Get A Stimulus Package? Wednesday, 4 Mar 2009 | 8:37 AM ET

    After President Obama quipped that companies accepting taxpayer bailouts shouldn’t go to Las Vegas, the city responded with a collective, “What are we, chopped liver?” Mayor Oscar Goodman wrote the President a letter asking him to “rectify what I consider a wrong…I haven’t heard back from him yet.”

  • Futures Rise; Economy, Geithner in Focus Wednesday, 4 Mar 2009 | 7:57 AM ET

    US stocks index futures made a tentative push higher ahead of the open Wednesday as investors braced for the latest round of economic data and looked for direction from Treasury Secretary Timothy Geithner.

  • Ross: Nationalizing Banks Is a Slippery Slope Tuesday, 3 Mar 2009 | 11:41 PM ET

    Nationalizing banks is a slippery slope which won't do the mired down economy any good, says Wilbur Ross, chairman and CEO of WL Ross & Co.

  • Ross: Obama's Team Doing Better Than Bush Tuesday, 3 Mar 2009 | 9:21 PM ET

    The Obama administration is doing a much better job with regards to the dealing with the economic crisis than its predecessor says Wilbur Ross, chairman and CEO of WL Ross & Co.

  • Silver Shimmers in Otherwise Dark Market Tuesday, 3 Mar 2009 | 9:12 PM ET

    Gold isn't the only precious metal. Cramer offers another way to protect your portfolio.

  • Cramer to White House: Wealth Destruction Is Real Tuesday, 3 Mar 2009 | 9:11 PM ET

    If Press Secretary Robert Gibbs needs proof that President Obama's spending plans are hurting the markets, then he should look at the Dow. Or the S&P 500. Or the Nasdaq...

  • For all the US intervention into business and markets, there’s one thing it still can’t do to stop the bleeding in the financial system.