economic reform

Senator Urges To Take Advantage of Opportunity.gov

Armen Hareyan — Fri, 08 May 2009 13:42:13 -0500

New presidential effort, featured at opportunity.gov, says "unemployed workers receiving unemployment benefits may qualify for a special hand in paying for education and training." Now senator Harkin from Iowa (D) applauds the presidential initiative and urges people of Iowa to take advantage of opportunities provided at opportunity.gov.

Obama Bets It All On Failed Banksters

Armen Hareyan — Wed, 15 Apr 2009 07:58:04 -0500

Week in and week out, the best two reads on Bloomberg are Caroline Baum and Jonathan Weil. Please consider Weil's article: Obama Stakes His Fortunes on Failed Banksters.

Czech Presidency Calls US Economic Plans a 'Road to Hell'

Armen Hareyan — Wed, 25 Mar 2009 14:54:11 -0500

The European Union's Czech presidency sharply criticized Washington's efforts to combat the financial crisis a week before world economic powers are meeting to discuss the issue in London. The remarks come amid worries a separate political crisis in the Czech Republic may undermine its EU leadership.

Obama: Tax Cut Quickest and Broadest in History

Armen Hareyan — Sat, 21 Feb 2009 08:30:57 -0600

U.S. President Barack Obama says that starting Saturday morning, employers across the country will begin reducing taxes for 95 percent of working families, under the economic stimulus plan he signed into law earlier this week.

Obama: We Can't Get Relief By Turning To The Same Policies

Armen Hareyan — Fri, 06 Feb 2009 08:37:06 -0600

Barack Obama says that we are not seeking a Democratic or Republican solution to our problems, but an American solution. He says the American people have sent us here to make a change and we can't turn back to the policies of the past eight years that doubled the national depth.

Obama also says "we can't embrace the losing formula that only tax cuts will work..."

Obama Touts Plan to Save or Create up to 4 Million Jobs

Armen Hareyan — Sat, 10 Jan 2009 10:17:15 -0600

U.S. President-elect Barack Obama says his economic recovery plan is projected to save or create between three and four million jobs by the end of 2010.

U.S. May Land Half Of The National Production To Rescue Financial System

Armen Hareyan — Mon, 24 Nov 2008 10:11:03 -0600

How far will the Fed go? It looks like the Fed is going to take whatever it takes to rescue the U.S. Financial System. Today's report shows that the Fed is prepared to lend $7.4 trillion on behalf of U.S. taxpayers to rescue the troubled financial system that started last year.

Obama's Economic Plan: 2.5 Million Jobs by 2011

Michael Santo — Sat, 22 Nov 2008 16:33:58 -0600

Saturday on the weekly Democratic radio address, Barack Obama outlined his economic plan, and how he plans to add 2.5 million jobs by 2011.

Europe Prepares 164 Billion Economic Stimulus Package

Armen Hareyan — Wed, 19 Nov 2008 14:56:14 -0600

European Union economists and officials are working on a $164 billion aid package to help stimulate the economies of its 27 member nations.

Obama's Economic Plan: His Tax Grab

Armen Hareyan — Tue, 17 Jun 2008 08:27:31 -0500

Senator Obama gave an interview today to the WSJ about his economic plans. I'll post something later about the whole plan, such as it is, but this part caught my eye:

Washington's reform proposals and Fed's response to Bear Stearns

Armen Hareyan — Fri, 04 Apr 2008 10:55:33 -0500

There have been so many housing and mortgage proposals and counterproposals released in the past few weeks and yesterday's Wall Street Journal pretty much sums up the state of the housing and mortgage markets.

Bloomberg Releases Statement On Financial Regulatory Reform Plan

Armen Hareyan — Mon, 31 Mar 2008 23:11:01 -0500

"Today, Secretary of the Treasury Hank Paulson has offered a balanced and thoughtful approach to modernizing our financial system. Secretary Paulson rightly recognizes that we can help mitigate future market turmoil with smarter regulation, but that we must resist the growing political pressure to rush headlong into ill-considered regulations that would stifle innovation, drive jobs overseas, and hurt America's economic health.