Obama's Team Discusses Stimulus Amid Global Economic Contraction
What happened
President Barack Obama and his economic team discussed economic stimulus and bank bailout programs in January 2009. They framed these discussions with warnings about the ongoing economic downturn. Independent reports noted that grim figures from the US Commerce Department confirmed the severity of the economic contraction in the US and globally.
From countercurrents.org
Why it matters
The discussion of stimulus and bailout programs occurred during a period when the US and global economies were experiencing a severe contraction. The government's consideration of these measures directly addresses the widespread economic downturn and the need for stabilization.
From countercurrents.org
Who's involved
- Barack ObamaPresident of the United States
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- HBOSpeculative
HBO could face reduced advertising revenue and consumer spending.
- CNNSpeculative
CNN might experience reduced advertising revenue and market spending.
- Obama FoundationSpeculative
The Obama Foundation may see its funding impacted by reduced philanthropic giving.
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The entities involved
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Barack Obama
president of the United States from 2009 to 2017 (born 1961)