The US President-elect Barack Obama made it clear yesterday that the US economy would continue to worsen, but he had little to say in his television interview about the cost to the US taxpayer regarding his rescue plan, he also declined to comment if his intentions were to raise taxes for the rich American to help pay for it.

Barack Obama said “number crunching” was still in progress with his economic advisors in relation to the post-inauguration economic stimulus package. However, Obama did say that several infrastructure projects including a massive public-works program to build roads were to be included in his package.

Although the US President-elect hinted that the economy may not strengthen quickly enough after his major stimulus plan is put into action.

He also talked of the unemployment figures that are the highest in 15 years, telling NBC that the economy will get worse.

Source: Baltimoresun

Barack Obama the US President-elect had his official website launched today www.change.gov for his transition to the white house. The website is used for anyone to express their views and ideas for the future of the country.

If you go to www.change.gov then go to the headline “Open Government” you have the option to “Share you Vision” this is done via email.

Obama has 75 days until he is sworn as the 44th president of the United States. With Obama’s campaign being all about change we ask does Obama have what it takes to change the housing market?

The US has been the most popular place for UK investors to buy property according to data from themovechannel.com, and it was voted the top investment portal in September 2008, it could be for a number of reasons, the strength of the pound to the US dollar and the high rental yield.

Obama’s showed a realistic view to turning the housing market round, showing a clear policy on fraudulent mortgage providers and ways to simplify the mortgage procedure with a universal mortgage credit and with the government playing a much bigger role in the America’s property industry hopes are out there for Obama to stabilize the market. These were all policies Obama showed in his pre-election, now we will see if the policies will bring the American Economy back to its feet.

Do you think that Barack Obama can change the US housing market?

Source: propertywired

Barack Obama is the first black President of the United States, following the 2008 elections we could see Obama was on his was to be the leader of America, and it was almost certain less than four hours ago he was in front of John McCain.

It is now confirmed Barack Obama has been elected the 44th President of the United States, Obama said in his acceptance speech “Change has come to America” around 100,000 supporters cheered.

This has been seen as an “Evolution of America” Obama being the first black President and taking over Republican George W Bush. America needs a fresh start, with new ideas and policies and Obama is the man that millions of American voters decided could do the best job for America.

It will be down to Obama and his party to dig America out of the financial crisis that has now engulfed the world, it will be down to Obama to kick start the US Housing market, and it will be down to Obama to fight to get unemployment levels down.

In McCain concession speech he urged all Americans who supported me to come together and bridge our differences to restore our prosperity, defend security and leave our children and grandchildren a better world than ours”. McCain went out with such great words of support, but it’s Barack Obama America and the rest of the world has their eyes on.

President George Bush will step down on January 20 2008 when Obama will be sworn the 44th US President, this is when the real work begins.

Source: Product-review

Voters all over America will be voting today for Democrat Barack Obama or Republican Senator John McCain to be elected to be the new US President. The election comes amid the worse economy crisis since the Great Depression.

The financial crisis in America has taken 760,000 jobs and 700,000 house foreclosures since January, as well as a US debt of $900 billion. The Democrats have blamed the ailing economy on Republican President George W Bush’s policies which could tilt the election votes in favor of the Democrat candidate Obama, with new policies and fresh idea’s America could see a way out of the financial crisis that has taken its toll under Republican control.

The US economy crisis began with the housing market crash, with mortgage banks providing home loans to borrowers who were not able to qualify for a conventional mortgage due to affordability, they were then offered sub-prime mortgages, these mortgages would start off at a low rate and occur sharp increases as time moved on, resulting in the sub-prime mortgage holders not being able to make their repayments and subsequently their homes foreclosed.

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The Presidential campaign for John McCain issued a release questioning Barack Obama and his opinion on Freddie Mac and Fannie Mae and subprime mortgages.

John McCain had said in an editorial during the October 7 presidential debate that Obama had encouraged Freddie Mac and Fannie Mae to make the risky loans. Obama denied the backing and replied saying “Two years ago I said that we’ve got a subprime lending crisis that has to be dealt with.”

Obama went on to say he had written to Henry Paulson the US Treasury Secretary and also the Federal Reserve Chairmen Ben Bernanke, and told them that this is something that we have to deal with, and nobody did anything about it. The journal did then point out to Obama that to solve a problem you need to deal with it not just write about it in a letter.

Source: newsmax

As the presidential campaign has just over a week to go Senator John McCain tried to gain supporter saying his economic recovery plan is greater than Barack Obama’s saying that Obama’s confiscatory policies will only deepen the country’s credit crisis.

Mr McCain stated at the economic roundtable meeting held in Cleveland “We both disagree with President Bush on economic policy, the difference is that he thinks taxes have been too low, and I think that spending has been too high”.

The Republican candidate’s remarks came as Mr Obama gets ready in Ohio on Monday to give his closing arguments speech. The two candidates are broadening their campaign trails in the final eight days to battleground states such as North Caroline, Virginia, Pennsylvania and Ohio both with their own economic messages.

In Obama’s speech on Monday it’s thought he will continue his argument that the United States need a new leader to restore it economy. The Democrat candidate is thought to continue his speech saying: “In one week, at this defining moment in history, you can give this country the change we need.”

Source: nytimes

America is asking who is Michael Signator? Well he is one of the only men that Barack Obama has time for and who he has shared some of his most fundamental moments with, its believed that Michael Signatoris the man the democratic candidate can trust.

According to polls, Michael Signator stands a better chance of becoming the next United States president than Obama himself. According to a spokesperson at Obama campaign, Signator’s job description is to provide “supplemental security support” for Obama’s presidential campaign and to work for the Obama family to co-ordinate their personal campaign schedule.

Michael Signator’s role cannot be released by Obama’s presidential campaign for security reasons but it’s been said that Signator is frequently in close contact with Obama. And according to Obama’s neighbours, the pair ‘hang out’ regularly.

It’s also been said that Signator is a bodyman for Obama, which is like a personal assistant or someone who caters for the politicians every need.

Source:politico

The final presidential debate saw republican John McCain clutching at straws whilst throwing insults at Barack Obama, accusing him of taking extremist views on abortion, adding new taxes to the already struggling Americans and outlining a historically negative democratic campaign.

John McCain who according to the New York Times CBS poll yesterday is losing by up to 14 points, this debate was the feistiest of all three presidential debates and the discussions seemed to concentrate mainly on the economy and were the less formal debate out of them all.

As the last Presidential debate got going Mr McCain seemed to get more pent-up and angry than productive, continually throwing insults as Obama like a child throw toys out of a pram, he criticized Obama for continually trying to link him to George Bush, Mr McCain answered with: “Senator Obama, I am not President Bush,” he exploded. “If you wanted to run against President Bush you should have run four years ago. I will take this country in a new direction.”

Obama hit back directly telling Mr McCain that if he has mistaken his policies for George Bush’s policies, it’s because on the core economic issues that matter to the American people – on spending priorities, energy policy and tax policy that McCain has supported President Bush vigorously.

Source: independent

At Capitol Hill today Barack Obama the Democrat presidential candidate returned to ask Congress to pass a $700 billion rescue bill for the financial sector as quick as possible.

Obama addressed the reluctant Republicans and Democrats to “do what’s right for the country at this time, because the time to act is now” in a Speech on the Senate floor.

The presidential candidate left Wisconsin where he is on his campaign trail to go back to Washington so he could vote on the bailout bill.

Obama has expressed how strongly he feels about the bill and has spend the last day trying to convince people that the bill is needed to aid in the recovery of the financial markets and US economy.

Source: APgoogleplunkett macleane free download