Tag Archives: U.S. Economy

5 Days Home from 10 Days on Martha’s Vineyard and President Obusha Leaves for Vacation Number 7

Posted on + by Christopher di Spirito

Friday, September 3, 2010 Less than a week after returning from a 10 day vacation to Martha’s Vineyard — his sixth this year, President Obusha is headed to Camp David for the long Labor Day weekend. Seriously folks. I think … Continue reading →

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

Joan Walsh: “Obama Just Doesn’t Get It”

Posted on + by Christopher di Spirito

Tuesday, August 31, 2010 When you lose Salon’s Joan Walsh, if you’re Barry Obama, you know you’re in deep bandini and that’s exactly what has happened. Obama just doesn’t get it Unemployment is a catastrophe, the recovery is stalling, but … Continue reading →

Posted in New York City, Politics, President Barack Obama, U.S. Economy, Unemployment | Tagged , , , , | 7 Comments

Unemployed Group Blasts Geithner’s Handling of Economy

Posted on + by Christopher di Spirito

Wednesday, August 25, 2010 With reports of new jobless claims unexpectedly soaring to 500,000, UCubed, a group representing unemployed and underemployed American workers, criticized Treasury Secretary Timothy Geithner for his lackluster handling of the economy. Rick Sloan, the group’s acting … Continue reading →

Posted in Larry Summers, News, Obama Administration, Recession, Tim Geithner, U.S. Economy | Tagged , , , , , | 12 Comments

Unemployment in America: a Portrait of a Nation in Decline

Posted on + by Christopher di Spirito

Tuesday, August 17, 2010 This sobering graphic by Latoya Eguwuekwe, charts the shocking rise of unemployment across the U.S. starting in 2007 through July 15, 2010. The U.S. Dept. of Labor estimates 31 million Americans are now without a job. … Continue reading →

Posted in Democrats, News, Obama Administration, U.S. Economy, Unemployment | Tagged , , , , | 13 Comments

Obama Talks VAT

Posted on + by Christopher di Spirito

Thursday, April 22, 2010 As the U.S. is rocked by nearly $13 trillion dollars of debt, President Obama suggested Wednesday that a new European-style value-added tax (VAT) on Americans is still on the table. In an interview with CNBC, Obama … Continue reading →

Posted in News, President Barack Obama, Taxes, U.S. Economy | Tagged , , , | 22 Comments

Quote of the Day

Posted on + by Christopher di Spirito

Sunday, April 11, 2010 “The rich are getting richer and the poor are getting poorer. Cliché, sure, but it’s also more true than at any time since the Gilded Age.” — Business Insider

Posted in Money, News, U.S. Economy | Tagged , , | 4 Comments

40 State Unemployment Funds Going ‘absolutely broke’ in Two Years

Posted on + by Christopher di Spirito

Tuesday, December 22, 2009 The recession and the jobless recovery is taking its toll on unemployment fund faster than Federal projections. 40 state programs will go broke within two years and need $90 billion in loans from Washington to keep issuing … Continue reading →

Posted in Employment, News, President Barack Obama, Recession, U.S. Economy | Tagged , , , , | 3 Comments

Obama’s Approval Takes a Nose Dive

Posted on + by Christopher di Spirito

Saturday, December 5, 2009 For the first time, more Americans now disapprove of the job President Obama is doing than approve. According to a new CNN/Opinion Research survey, 48% of Americans approve of the job President Obama is doing and … Continue reading →

Posted in News, President Barack Obama, Recession, U.S. Economy | Tagged , , , | 11 Comments

Embattled Treasury Secretary Tim Geithner Refuses to Resign

Posted on + by Christopher di Spirito

Thursday, November 19, 2009 Facing criticism from the left and the right, embattled Treasury Secretary Tim Geithner today refused to resign during a heated exchange at Thursday’s Joint Economic Committee hearing with ranking Republican Kevin Brady, who suggested that Geithner … Continue reading →

Posted in News, Obama Administration, Politics, Tim Geithner, Treasury, U.S. Economy | Tagged , , , , , | 11 Comments

Job Seekers Exceed Openings by Record Ratio of Six-to-One

Posted on + by Christopher di Spirito

Monday, September 28, 2009 The New York Times has a sobering piece about the state of employment in the U.S. today. Despite assertions by Fed chairman Ben Bernanke that the recession is over and the economy has started an upswing, … Continue reading →

Posted in News, President Barack Obama, U.S. Economy | Tagged , , , | 9 Comments

White House to California: Drop Dead

Posted on + by Christopher di Spirito

Monday, June 29, 2009 With California’s state government deadlocked over a $24 billion hole in its budget, the Golden State is hurtling toward financial apocalypse. And the response from the Obama White House? Deal with it yourselves. What caused California’s … Continue reading →

Posted in California, Gov. Arnold Schwarzenegger, News, Obama Administration, Recession, U.S. Economy | Tagged , , , , , | 14 Comments

Time for President Obama to Focus on Rising Gas Prices

Posted on + by Christopher di Spirito

Wednesday, June 10, 2009 President Obama has been busy of late. What with trips to Cairo, Egypt to deliver a speech designed to assuage the Muslim world that America isn’t at war with Islam. This was followed by a stop … Continue reading →

Posted in Gas Prices, National Security, News, President Barack Obama, U.S. Economy | Tagged , , , , | 15 Comments

U.S. Government Owes a Record $63.8 Trillion

Posted on + by Christopher di Spirito

Saturday, May 30, 2009 The U.S. government took on $6.8 trillion in new obligations in 2008, pushing the total owed to a record $63.8 trillion. This staggering amount that translates into $546,668 per household according to a USA TODAY analysis. … Continue reading →

Posted in News, U.S. Economy | Tagged , , | 5 Comments

U.S. Worst Case Scenario Pandemic Plan

Posted on + by Christopher di Spirito

Tuesday, April 28, 2009 What happens if the swine flu outbreak becomes the dreaded worst case scenario? According to planning reports reviewed by the Associated Press and interviews with planners, government leaders and major employers have spent four years planning … Continue reading →

Posted in Epidemics, Healthcare, International News, News, Swine Flu, U.S. Economy | Tagged , , , , , | 9 Comments

Lawrence Summers Takes the Summer Off

Posted on + by Christopher di Spirito

Friday, April 24, 2009 Yeah, I know technically it’s still spring but, who cares? Here we have President Barack Obama’s financial guru, Lawrence Summers, blissfully sleeping his way through a meeting with the CEOs and CFOs of the nation’s credit … Continue reading →

Posted in News, Politics, President Barack Obama | Tagged , , , , | 11 Comments

Does Obama Hate the Auto Workers?

Posted on + by Christopher di Spirito

Tuesday, March 31, 2009 When lawmakers demanded strict conditions placed on the Big Three Automakers before their request for a bridge loan was approved, many said it was a clear case of Washington elites attacking people who shower after work … Continue reading →

Posted in Bailout, Big Three Automakers, President Barack Obama, U.S. Economy | Tagged , , , , | 8 Comments

15 of 20 AIG Bonus Recipients Return Ca$h

Posted on + by Christopher di Spirito

Tuesday, March 24, 2009 There may not be a Santa Claus but there is New York Attorney General Andrew Cuomo. On a conference call with reporters Monday, Cuomo said that of the top 20 executives who received the biggest bonuses, … Continue reading →

Posted in AIG, Bailout, News, U.S. Economy | Tagged , , , , , | 7 Comments

Obama Implies Rejection of House Bonus Tax Plan

Posted on + by Christopher di Spirito

Monday, March 23, 2009 Yesterday I asked the question, what happens if President Obama refuses to sign the House-sponsored bill that slaps a punitive 90 percent tax on bonuses to executives at financial institutions like AIG who received taxpayer bailout … Continue reading →

Posted in Bailout, News, Politics, President Barack Obama, U.S. Economy | Tagged , , , , , | 13 Comments