Posts Tagged ‘Obama

01
Oct
14

The President’s Day

President Obama waves as he prepares to depart the White House – he is heading to Chicago where he will attend a campaign event for Gov. Pat Quinn, D-Il, and deliver remarks on the economy at Northwestern University

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Text of remarks here

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President Barack Obama and Israel’s Prime Minister Benjamin Netanyahu hold a meeting in the Oval Office

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President Obama honors the Sporting Kansas City soccer team during an event in the East Room of the White House

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Text of remarks here

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President Obama talks with team manager Peter Vermes

President Obama points to a framed team jersey that was given to him by the members of Sporting Kansas City

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30
Sep
14

The President And First Lady’s Day

@dougmillsnyt: President Obama walks with Prime Minister Narendra Modi of India during a surprise visit to the MLK Memorial

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President Obama hosts a meeting with India’s Prime Minister Narendra Modi in the Oval Office

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Text of remarks here

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Last night’s dinner

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President Barack Obama and Prime Minister Narendra Modi of India en-route to the Martin Luther King, Jr. memorial on the National Mall in Washington, D.C., Sept. 30, 2014. (Official White House Photo by Pete Souza)

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President Obama and India’s Prime Minister Narendra Modi visit the Martin Luther King Memorial

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Text of the First Lady’s remarks here

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 First Lady Michelle Obama speaks at a luncheon in the East Room of the White House to honor of the winners of the 2014 National Design Awards

29
Sep
14

More Positive Economic News? Thanks, President Obama

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NYT: Business Spending, Exports Spur Big Bounce In U.S. Economy

The U.S. economy grew at its fastest pace in 2-1/2 years in the second quarter with all sectors contributing to the jump in output in a bullish signal for the remainder of the year. The Commerce Department on Friday raised its estimate of growth in gross domestic product to a 4.6 percent annual rate from the 4.2 percent pace reported last month. The United States is bucking a spate of weaker overseas growth with the euro zone and Japan slumping, and growth in China slowing as well. the expansion in consumer spending, combined with strong business investment,

was nevertheless enough to push domestic demand ahead at its fastest pace since 2010. That suggests the economy’s recovery is becoming more durable after output slumped at a 2.1 percent rate in the first quarter because of an unusually cold winter. So far, data covering manufacturing, trade and housing suggest that much of the second quarter’s momentum spilled over into the third quarter. Growth estimates for the July-September quarter range as high as a 3.5 percent pace. When measured from the income side, the economy grew at a 5.2 percent pace during the second quarter…export growth was raised to an 11.1 percent pace, the fastest since the fourth quarter of 2010, from a 10.1 percent rate.

More here

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Jason Furman: Third Estimate of GDP For The Second Quarter Of 2014

1. Real gross domestic product (GDP) increased 4.6 percent at an annual rate in the second quarter of 2014, the fastest pace since the fourth quarter of 2011, according to the third estimate from the Bureau of Economic Analysis. The strong second-quarter growth represents a rebound from a first-quarter decline in GDP that largely reflected transitory factors like unusually severe winter weather and a sharp slowdown in inventory investment. Growth in consumer spending and business investment picked up in the second quarter, and residential investment increased following two straight quarters of decline. Additionally, State and local government spending grew at the fastest quarterly rate in five years. However, net exports subtracted from overall GDP growth, as imports grew slightly faster than exports.

Real gross domestic income (GDI), an alternative measure of the overall size of the economy, was up 5.2 percent at an annual rate in the second quarter. 3. Over the past four quarters, real GDP has risen 2.6 percent, faster than the 2.0 percent annualized pace observed over the preceding eight-quarter period. Looking at four- and eight-quarter changes to smooth some of the quarter-to-quarter volatility, it is clear that many components of GDP are showing improvement. The growth rates of consumer spending, business investment and exports have all picked up, and the pace of declines in the Federal sector have moderated a bit. In addition, the State and local government sector has turned positive, after several years of steady cutbacks. One area that has slowed over the last four quarters is residential investment, although it did rebound in the second quarter.

More here

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29
Sep
14

Chat Away

On This Day: Senator Barack Obama on the tarmac near his campaign plane in Reno, Nevada, September 29, 2008




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@WhiteHouse

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