economy

What Should Be Obama’s Focus For SOTUS?

President Barack Obama is highlighting recent economic bright spots while taking care not to overstate a recovery that still has not put millions back to work.

As the sluggish American economy continues to limp forward, many Black Americans from the public sector are getting pink slips. These layoffs are eroding much of what is left of the Black middle class.  A recent article in The New York Times says: “Jobless rates among blacks have consistently been about double those of whites. […]

Debt is a word I’m sure most Americans are well aware of. Whether it’s personal debt or the country’s national debt, it’s something that can’t be avoided. America’s debt is rising so fast that we are currently looking at our debt ceiling cracking. While there is no actual ceiling, these cracks are very real and a […]

Via:  www.newsone.com // WASHINGTON — More confident U.S. employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years. The jobless rate rose to 9.9 percent as Americans streamed back into the market looking for work. The hiring of 66,000 temporary government workers to conduct the census helped overall payroll […]

Via:  www.newsone.com // WASHINGTON — U.S. home sales rose sharply last month and claims for jobless benefits fell last week. The two reports Thursday sketched a picture of a modestly improving economy. Sales of previously occupied homes increased more than expected in March after three straight months of declines, the National Association of Realtors said. […]

Via:  www.newsone.com // Both Newsweek and Businessweek have stories about how Obama has restored America’s economy. Businessweek’s story is called “Why The Obama Plan Is Working.” Here is an excerpt from Businessweek’s Story With seven months to go before midterm elections, and more than two years before Obama reaches his own reelection day, there’s still […]