There's something really weird about the economic message President Obama put forward today. He talked about how we've already had a lot of deficit reduction and we need to shift our focus to creating jobs and strengthening the middle class.
With the Yen sinking to new lows nearly every day, and with French President Francois Hollande now in the act of pleading for a lower euro, it's time to step back and review the currency war madness of the past couple of weeks. There is plenty of madness to review.
Hollande Calls for End of Euro Fluctuations
It has been a while since Obama and Putin held one of their signature phone conversations purely for public theater and photo-op purposes. Moments ago, we learned that following weeks of silence, the world leaders had spoken earlier today, when first the Kremlin, the the White House, released details of the just conducted phone conversation. From the Kremlin:
Barack Obama went to church on a sunny, historic Monday, launching a day of prayer, pledges and parties as the country celebrated its 57th presidential inauguration and he officially began his encore as chief executive.
By Aruna ViswanathaWASHINGTON (Reuters) - Governors from both U.S. political parties plan to talk to President Barack Obama on Monday about preventing potential cuts to National Guard units, several governors said on Sunday.
WASHINGTON — Staking out his ground ahead of a fiscal deadline, President Barack Obama lashed out against Republicans, saying they are unwilling to raise taxes to reduce deficits and warning that the jobs of essential government workers, from teachers to emergency responders, are on the line.
Obama spoke as a March 1 deadline for automatic across-the-board spending cuts approached and with Republicans and Democrats in an apparent stalemate over how to avoid them.