Economy Now

Instant reaction and smart charts on economic trends.
  • What kind of car is Obama?

    If President Obama was a car, what kind of car would he be and why?

    That's the question Resurgent Republic, a conservative polling and advocacy group, asked independent voters in Virginia and Colorado recently. The focus group members all voted for Obama in 2008, but are undecided heading into this year's general election.

    The answers, to say the least, varied.

    One voter said Obama is most like a Yugo. Yes, the subcompact MORE

    - Apr 12, 2012 1:17 PM ET
  • Obama's army of tax-paying secretaries

    A phalanx of administrative assistants and their millionaire bosses joined President Obama onstage Wednesday at the White House as he once again called on Congress to pass his "Buffett Rule."

    Why the odd pairing of secretaries and millionaires? The general principle behind the rule is that millionaires and billionaires like investor Warren Buffett shouldn't pay a lower percentage of their income in federal taxes than middle-class households, and specifically their secretaries.

    Buffett MORE

    - Apr 11, 2012 1:04 PM ET
  • 'Green' jobs top 3 million

    Kermit has more company lately.

    There were 3.1 million green jobs in the U.S. in 2010, or about 2.4% of the nation's employment.

    The Bureau of Labor Statistics just released its first tally of jobs associated with producing green goods and services. The Obama administration has been pushing green jobs as a way to stimulate the economy and generate job growth. He's set aside billions of dollars to promote the industry, including MORE

    - Mar 23, 2012 7:50 AM ET
  • Romney's message in an improving economy

    Mitt Romney thinks the economy is improving.

    That might come as a shock if you've heard the candidate's stump speech. But it's true.

    Romney met with voters Monday in Springfield, Ill., on President Obama's home turf, and made clear that he is not a member of the second-recession doomsday crowd.

    "I believe the economy is coming back by the way," Romney told the crowd. "We'll see what happens, it's had ups and downs, MORE

    - Mar 20, 2012 11:16 AM ET
  • Oil release: Obama and Cameron in cahoots?

    The price of crude oil took a nosedive on Thursday after Reuters reported that President Obama and his British counterpart David Cameron had agreed to a release of strategic oil reserves that would take place within months.

    The White House later denied that such an agreement exists, but did say that Obama and Cameron had discussed rising crude prices.

    For the United States, such an agreement would mean tapping the Strategic Petroleum MORE

    - Mar 16, 2012 10:52 AM ET
  • Obama whacks Republicans on gas price rhetoric

    President Obama defended his energy policy on Thursday, and at the same time called out Republicans for promising lower gas prices while allegedly ignoring alternative sources of energy.

    Without mentioning any of the candidates by name, Obama went so far as to suggest that the Republicans seeking the presidency are the kind of people who might deny that Earth is a sphere.

    "A lot of the folks who are running for a MORE

    - Mar 15, 2012 1:57 PM ET
  • Unemployment rate drops in key swing states

    The Obama campaign got a bit of good news on Tuesday, as new data showed the employment picture is brightening in states that are likely to help decide the 2012 general election.

    Mirroring national trends, the unemployment rate dropped or remained static in 12 key swing states in the first month of the year when compared to the previous month, according to the most recent data available from the Bureau of MORE

    - Mar 14, 2012 3:02 PM ET
  • Rich voters love Romney

    The 2012 Republican primary contest has been defined by a series of roller-coaster lead changes. At various points, 11 different contenders have led national polls.

    But one demographic group -- the wealthy -- seems to have settled on a candidate.

    And their man is Mitt Romney.

    On Tuesday, Romney lost to Rick Santorum in both Alabama and Mississippi. But among individuals making more than $100,000, he received more votes than his competitors.

    In Alabama, MORE

    - Mar 14, 2012 12:20 PM ET
  • Swing state watch: Where do gas prices hit hardest?

    Two new polls from The Washington Post and The New York Times show President Obama's approval rating has dropped precipitously over the past month.

    In particular, Americans are not pleased with how Obama is handling the economy.

    But most economic data indicates the economy -- and especially the job market -- is actually picking up steam. So what's causing this drop?

    One theory is that rising gas prices are dragging down the president's MORE

    - Mar 13, 2012 1:38 PM ET
  • Gas prices a drag on Obama's numbers

    Gas prices are up, and the president's poll numbers are down.

    Way down.

    A full 50% of Americans now strongly disapprove of how President Obama is handling the economy, according to a new Washington Post-ABC News poll. That's the highest level of his presidency, and a 9-point jump from the previous month. Another 9% of Americans somewhat disapprove, while only 38% say they approve.

    It would appear that rising gas prices are at MORE

    - Mar 12, 2012 10:43 AM ET
  • One bourbon, two bourbon. Red bourbon, blue bourbon.

    I got an e-mail from one of my local liquor stores (is it a problem if I am on the list for more than one wine shop in my neighborhood?) alerting me to the fact that one of my favorite makers of brown liquor, Heaven Hill Distilleries, is now selling election-themed straight bourbon whiskey. (Yes, with an E. This is America! Although they make Whiskey in Ireland too. But I MORE

    - Mar 9, 2012 4:13 PM ET
  • Looking for a 'super' low unemployment rate?

    Tuesday is purportedly the most super day of the primary season.

    I think it might actually be quite boring. Tennessee and Ohio look close -- but the writing is on the wall in other states. Most forecasts show that Mitt Romney will capture the majority of delegates and thereby continue his long slog toward securing his party's nomination.

    So let's jump ahead to the general election, where (last time I checked) the MORE

    - Mar 6, 2012 11:30 AM ET
  • When in France, tax the rich

    Raising taxes on the rich isn't just an election year issue in the United States -- it's also a big deal in France.

    Socialist presidential candidate Francois Hollande last week proposed a 75% tax rate on income above 1 million euros, a move that has sparked debate, with some arguing that raising taxes to that level would result in an exodus of French citizens to other European countries with more favorable MORE

    - Mar 5, 2012 3:54 PM ET
  • Have tax plan, will run for president

    Every single 2012 candidate wants to change the U.S. tax code.

    Some of the changes would be quite drastic (I'm looking at you, Ron Paul.)

    Other candidates propose far more modest changes. In general, every Republican candidate wants to lower taxes. President Obama's biggest modifications would result in the rich paying more.

    CNNMoney has covered the proposals from Obama, Paul, Newt Gingrich, Mitt Romney and Rick Santorum in some detail.

    But now our friends MORE

    - Mar 5, 2012 12:07 PM ET
  • Obama: 'My crossover is solid'

    It's March, and every year around this time, President Obama fills out his NCAA college basketball tournament bracket with some help from ESPN.

    The event is a fun one to watch because if offers a chance to see the president drop his guard and fully engage in something other than politics. And he clearly enjoys it. This year, we're getting an early dose of sports talk from the commander-in-chief.

    Obama sat down MORE

    - Mar 1, 2012 10:32 AM ET
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