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Lately there has been a lot of talk aboute wether  we are on our way out of the financial crisis. Not only private persons are hoping for the bad times to end also one of the biggest carproducers are GM are hoping that the times will change as well. Lately President Obama gave GM 60 days to improve their financial situation.

What must be done
GM’s director and CEO, Rick Wagoner, has resigned and will be replaced by Fritz Henderson. Kent Kresa become temporary chairman during most of the board replaced before long. GM will have 60 days to implement a restructuring. GM will have financial support to keep the wheels in motion during the period. read more aboute wether it is possible to control the economy here

Psychology is very important

The American economy has been going extremely slow just as it has been the case all over the rest of the world. This is why president Obama’s rising popularity is a real gain for the US, believes the recognized economist Robert Wescott.

The consumer confidence rock bottom

The American consumer is completely down in rock bottom. Nearly half of Americans are afraid of losing their jobs, and Obama, it is thus crucial to reverse the mood and get people to spend money, so there may come once again in the growth and the negative spiral can be broken. read more aboute what psychology can do to the american economy

“We’ll let you go”

Firing slips fly around the ears of people in the winter cold. Be it in Europe but also in the east and especially in the west, where U.S. companies have cut down greatly in his team.

Will Obama be able to work wonders?

Since Barack Obama’s election victory in November, the U.S. firms fired more than 728,152 employees. Not surprisingly, it is gone for the worst in the financial sector, but firing rounds frames but across the board. read more aboute the optimism in the american economy?

Obama got the majority in the senate

Thoday the new president Obama managed to get the majority in the senate in favor of his new financial supporting package, that is going to let out billions into the American sociaty. Money that Obama and his fellow politiciens are hoping will make the wheels of the economy spin.

Obama showed his worth

President Obama has during these negotiations with the senate showed his co-piliticiens all together with the rest of the world, that he knows his game. He has played on the genuien felling of desperation in the American populaiton, that something needs to be done to get some jobs to the people. read more aboute Obama’s strength in Washington here

The package

President Obama has taken steps to safe American economy. He wants to pass a financial package with a value of 825 billion $, that is supposed to safe the American economy. The wolrd’s biggest economy is in knees, and it needs a magic touch to get back on a stedy course.

Will it get passed?

Obama is dependent on the support of the house of repræsentatives. Obama does himself believe that the bill will get passed, and one could wonder if any member of the Rebublic party would dare not to support this bill. I mean, who wants to be the one, who caused that the American economy to not get back on its feet. read more aboute Obamas financial package here

Dark times

There os no doubt that the US has gone through some tough times lately, experiencing that thousands have lost their jobs making them unable to make a living for themselves and their families. This is also why Barack Obama today promised make a difference by introducing his financial pacakage.

The package

Obama’s package is going to create new jobs and to inprove the healthcare system. Obama did today give his first radio spech as the american President, and he pledged the american people to support his gigantic conjecture package reaching 825 billion dollars. Obama needs the support of the population to carry this plan through – and he knows it. read more aboute the Obamas financial package here