Home > Politics > This is Obama’s Presidency

This is Obama’s Presidency

4/19/2011
There is no chance that the U.S. will lose its top credit rating, Geithner said, forcefully disputing the notion that S&P or other ratings services might downgrade U.S. bonds from their current AAA rating. “No risk of that, no risk,” Geithner said on the Fox Business Network.  REALLY????

8/4/2011
NEW YORK (CNNMoney) — Nearly 15% of the U.S. population relied on food stamps in May, according to the United States Department of Agriculture. The number of Americans using the government’s Supplemental Nutrition Assistance Program (SNAP) — more commonly referred to as food stamps — shot to an all-time high of 45.8 million in May, the USDA reported. That’s up 12% from a year ago, and 34% higher than two years ago.

Submitted by Tyler Durden on 08/05/2011 09:54 -0400

Average Length Of Unemployment Surges To New All Time Record 40.4 Weeks

We already learned that the one biggest red flag in unemployment data had been raised when we found that the labor force participation rate was the lowest since 1984. Now we find that the other critical data point: average length of unemployment, just hit a new all time high of 40.4 weeks in July, up from the previous record of 39.9 in June…

US borrowing tops 100% of GDP: Treasury

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