Category Archives: U.S. Economy

Poll: Obama Five Times Worse Than Carter on Economy

Thursday, September 8, 2011 Still think President Barack Obama is viable in 2012? U.S. News & World Report published two new polls today find that just one third of the public believes President Obama deserves reelection, while five times more … Continue reading

Posted in News, Politics, Polls, President Barack Obama, U.S. Economy, Worst President Ever | Tagged , , , , , | 6 Comments

Gallup: Obama Drops to 26% on His Handling of the Economy

Wednesday, August 17, 2011 President Obama’s poll numbers appear to be in free fall. The latest Gallup poll shows Obama hitting a new low of 26% approval on his handling of the economy, down 11 points since it was last … Continue reading

Posted in News, Politics, President Barack Obama, U.S. Economy, Worst President Ever | Tagged , , , , | 12 Comments

China: ‘Dollar to Be Discarded by World’

Sunday, August 7, 2011 Prior to Standard & Poor’s downgrading U.S. debt from AAA to AA — the first time this has happened in American history, Guan Jianzhong, chairman of Dagong Global Credit Rating, said the currency is “gradually discarded … Continue reading

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Standard and Poor’s Downgrades U.S. Debt Rating to AA

Friday, August 5, 2011 Citing the increased burden of rising Federal debt, rating agency Standard & Poor’s downgraded the United States’ long term from AAA to AA for the first time in U.S. history. Standard and Poor’s is one of … Continue reading

Posted in International News, News, U.S. Economy | Tagged , , | 18 Comments

America’s “First Black President” is a Disaster for African-American Middle Class

Friday, July 29, 2011 We know unemployment in America is horrendous. But for African-Americans, this is not the “great recession”: it’s the Great Depression. Black unemployment stands at 16.2% in many U.S. cities. Take Charlotte, N.C., for example. It is … Continue reading

Posted in African Americans, Middle Class, News, President Barack Obama, U.S. Economy | Tagged , , , , , | 12 Comments

Unemployment Climbs to 9.2%

Friday, July 8, 2011 U.S. employment ground to a halt in June, as employers hired the fewest number of workers in nine months, dashing hopes the economy would regain momentum in the second half of the year. The unemployment rate … Continue reading

Posted in News, President Barack Obama, U.S. Economy, Unemployment, Worst President Ever | Tagged , , , , | 13 Comments

China Has Divested 97 Percent of Its Holdings in US Treasury Bills

Saturday, June 4, 2011 President Obama and President Hu Jintao of China During a State Dinner on Jan. 19, 2011 China has dropped 97 percent of its holdings in US Treasury bills, decreasing its ownership of the short-term US government securities from … Continue reading

Posted in China, International News, News, U.S. Economy, US Debt | Tagged , , , , | 18 Comments