President Obama Hopes To Give Middle Class “A Better Shot”
President Obama is back to business. Less than a week after a controversial address on race and a self-comparison to Trayvon Martin, the commander in chief was back at a podium Wednesday (July 24), this time discussing matters of the economy.
The City Of Detroit Is $18.5 Billion In Debt, Files For Bankruptcy
Detroit is broke. Dead broke. The Motor City has been hit hard by the economic downturn, and filed for Chapter 9 bankruptcy protection Thursday (July 18).
Unemployment Rate Drops To 4-Year Low
The unemployment rate surprisingly dropped to 7.5 percent as employers added 165,000 new jobs in April. Marking a four-year low, the figures have seen a small but steady rise in the last several months, increasing confidence in the growing economy,
Disappointing Job Report Raises Concerns, Unemployment Rate Drops To 7.6%
The U.S. Labor Department released the job report for the month of March and the figures are far from encouraging. The economy added only 88,000 new jobs over the month, while the unemployment rate dropped from 7.7 percent in February to 7.6 percent.
Unemployment Rates Drops To 7.7%, 236K New Jobs Added To U.S. Economy
Today’s release of the U.S. Labor Department’s statistic for the month of February marked good news for stock holders as 236,000 new jobs were added to the U.S. economy. As it stands, the unemployment rate fell to 7.7 percent, its lowest figures in over four years.
President Obama Calls For Congressional Support During State Of The Union Address [VIDEO]
The partisan division in Congress was one of the main points of President Obama’s State of the Union, and during the address Tuesday (Feb. 12) night, he urged both sides to come together. As he did during his run for re-election, the POTUS promised to continue to work on restoring the economy, but also addressed […]
House Speaker John Boehner Says Obama Doesn’t Have “The Guts” To Cut Spending
As President Obama prepares for his State of the Union address, House Speaker John Boehner is throwing criticism his way. With the fiscal crisis still hovering over the commander in chief’s second term, Boehner believes that the president is too chicken to actually to cut spending.
President Obama Begins 2nd Term, Tackles Debt Limit, Terrorism & The Economy
Now that the celebration is over, President Obama is ready to begin his second term, and his cup runneth over with items to tackle. The commander is set to get to work on fiscal deadlines, including the debt limit, which is expected to be raised following a House vote, tomorrow.
Jobless Aid Figures Drop To 5-Year Low
The number of Americans unemployed and seeking assistance dropped to a five-year low, the Labor Department announced Thursday (Dec. 27). The four-week average was at 356,750, as weekly applications fell to 12,000 for the week ending on Dec. 22. However, the figures were adjusted due to the holiday season, as many state unemployment offices were […]
New Job Report Shows 7.7 % Unemployment Rate, Lowest Since Bush Presidency
The unemployment rate dropped to 7.7 percent, the lowest number since President Bush was in office in 2008. According to the report released by the Labor Department, Friday (Dec. 7), roughly 146,000 jobs were created in the month of November, in spite of Hurricane Sandy whose destruction halted economic activity.
President Obama Responds To Twitter Questions [VIDEO]
When it comes to his computer, President Obama is no DMX. In fact he actually understands how the apparatus works, and even tweets from his own Twitter page, from time to time. In newly released “behind the scenes” footage from the White House, Obama is seen personally answering Twitter inquiries and saying things like “Oh, I gotta’ […]
Final Job Report Before Presidential Election Shows Small Growth
The final job report before Election Day was released Friday (Nov. 2), and it’s much of the same. 171,000 new jobs were added for the month of October, a number which is not terrible, but shows only a small ripple in growth pool.
President Obama Tramples Mitt Romney In Second Debate [VIDEO]
President Obama vowed to change his approach for his second debate against Mitt Romney, and followed through with his promise. During part two of their meeting, this time in Hempstead, N.Y., the commander in chief and the former governor verbally battled, often speaking over one another to get their points across. Even though the president […]
Michelle Obama Says President Obama Saved The Economy From “The Brink Of Collapse”
With less than a month until the presidential election, First Lady Michelle Obama is reminding America that her husband’s four years in office have been helpful to the country. In an interview with Washington D.C.’s WPGC 95.5, Mrs. Obama praised her husband’s efforts in getting the economy back in order. “I mean, we are seeing […]
Mitt Romney Defends Video Slamming Americans Who Support Obama [VIDEO]
The damage control has officially begun for Mitt Romney. Not long after leaked footage of him calling voters in support of President Obama “dependent on government” and feeling “entitled” to things like health care, the Republican candidate offered up an explanation. Falling short of completely recanting his explosive statements, which some read as further proof […]
Mitt Romney Heads To California In Hopes Of Snagging Hispanic Votes
Mitt Romney has built his campaign on the foundation of the falling economy, but that may not be enough to clinch a presidential win. The 65-year-old is aware of his deficiency among minority voters, and is looking to close the division by heading to California. Romney will be in Downtown Los Angeles, Monday(Sept. 17), to address the […]
Obama Sees Post-DNC Bump In The Polls, Mitt Romney Says “Don’t Get Too Worked Up” About It
The Democratic National Convention has given President Obama a slight bump in the polls, but Mitt Romney doesn’t want voters to be sidetracked by the figures. According to a Gallup daily tracking poll –conducted between Sept. 4 to 6—the president’s approval rating has risen to 52 percent, the largest number for Obama reported by the […]
President Obama Says He’s Not The President Of “Black America”
President Obama wants to make something very clear: he is not just the president of “Black” America,” but the entire county. In his cover story for Black Enterprise magazine, Obama responded to criticism that he hasn’t done enough for the Black community, stating that his job is to help the nation as a whole. “My […]
President Obama Responds To Tepid Job Report [VIDEO]
The economy is not in a good place. A job report released Friday (July 6) revealed that only 84,000 jobs have been created in the last month, falling short of the expected 100,000. While the number is up from previous months, the lack of steady job creation is a damaging blow to the Obama administration. […]
Mitt Romney Criticizes President Obama Over “Private Sector” Remarks [VIDEO]
President Obama is the target of more mudslinging at the hands of the Republican party, for stating during his news conference Friday (June 8), that citizens belonging to the private sector are “doing fine,” financially. Although his claims weren’t inaccurate, Republican presidential hopeful Mitt Romney has labeled the president as being “out of touch” with the effect that […]