President Barack Obama promised on his weekly radio and internet address Saturday that Treasury Secretary Timothy Geithner would soon announce a new plan to lower mortgage costs, extend loans to small business to create jobs, and revive the financial system to get credit flowing again.
During the bank bailout debates in September and October of this [...]

Today was a busy day for economic news.  President-elect Barack Obama announced his economic stimulus plan, Wal-Mart decreased its earnings outlook after weaker than expected holiday sales, the Labor Department released data that almost half a million more Americans joined the unemployment line last week, and consumer borrowing fell a record $7.9 billion in November [...]

The Democratic Convention is slated to begin this week in Denver and I’m already disappointed about Democratic Presidential Nominee Senator Barack Obama’s choice for his Vice Presidential Candidate - Senator Joseph (Joe) Biden from Delaware.
Delaware is the state of incorporation for most large corporations in the United States because of the perception (whether real or [...]

From what I have read, Democratic Presidential Candidate Barack Obama likes to proclaim that he is free from the influence of big businesses.  But Obama is in debt to credit card companies for much of his fundraising success, and the cost of processing those credit card donations over the internet is surprisingly high.
In May, I [...]

Barack Obama called for revisions to the Republican-led bankruptcy reforms passed in 2005.  The proposal focused on assisting individuals declaring bankruptcy due to debts related to health care/medical procedures, military personnel and their families facing debt due to extended deployment, frequent moves, or predatory lending, and protecting the elderly against losing their home in bankruptcy.  [...]

A recent ABC news story did an in depth examination of Democratic Presidential Candidate Barack Obama’s platform on the issue of credit cards, deceptive practices, usury laws, and credit card debt.  Get the full coverage on his platform here.

Democratic Presidential Candidate Barack Obama came out swinging today on the issue of credit cards and predatory lending. Obama criticized Republican Candidate John McCain for siding with the credit card companies and called for measures to end deceptive credit card practices. Obama supports a Credit Card Bill of Rights and wants to implement [...]