Topic: George W. Bush

It's possible that stocks will not be worth their trouble for another many years. When the news of plunging markets covered papers, magazines, and websites last year, few in Japan cared. During the savings and loan scandal of the late 1980s, a ...
You've lost your job or know someone who has. Sixty-one percent of the public believes the economy is now suffering through its first recession since 2001, according to an Associated Press-Ipsos poll.. Record numbers of people were forced from their homes, unable ...
President Bush takes his case for the $700 billion bailout to the public in a prime-time address. Sen. John McCain says it is time to "set politics aside" and announces he will temporarily suspend all campaigning for president. Both candidates accept President ...
Confidence in US stewardship of economy remains low a year after near meltdownOne year after Wall Street teetered on the brink of collapse, seven out of 10 Americans lack confidence the federal government has taken safeguards to prevent another financial industry meltdown, ...
"It saves Armageddon from happening," one insider, Dave Rovelli, managing director of U.S. equity trading at Canaccord Adams in New York, offered on the Monday after the Fannie and Freddie takeover.But not 24 hours later, the landscape looked very different.The next day, ...

Jobless Claims Stuck at 570,000

The Department of Labor reported that jobless claims in the latest week decreased 4,000 from a revised 574,000 in the previous week. Job losses are not the problem. It is the lack of hiring, which has made the downturn so punishing for ...

Obama reappoints Bernanke as Fed chairman

President Barack Obama on Tuesday awarded Federal Reserve Chairman Ben Bernanke a second term, charging him with steering the US economy out of the worst slump since the 1930s.Obama suddenly interrupted his vacation on the well-heeled resort island of Martha's Vineyard to ...

Obama to reappoint Bernanke as Fed chairman

President Barack Obama will Tuesday award Ben Bernanke a second term as Federal Reserve chairman, entrusting him with forging recovery from the worst economic slump since the 1930s.In a sudden break from his vacation on well-heeled Martha's Vineyard off the US east ...

US to lower budget deficit estimate

The White House will next week cut the estimated 2009 US budget deficit to 1.58 trillion dollars, around 262 billion dollars lower than forecast, an Obama administration official said.President Barack Obama's Office of Management and Budget (OMB) will make the announcement when ...

Promises Promises

The article presents the publisher's views on the outlook for the administration of U.S. President Barack Obama. He discusses the economic crisis and Obama's plans for Afghanistan, as well as the administrations of Jimmy Carter and George W. Bush. Just ask LBJ, ...