President Obama Shows Love To New Orleans

“Where the jazz makes you cry, the funerals make you dance, and the bayou makes you believe all kinds of things.”

President Barack Obama holds a child as he greets residents in the the Tremé neighborhood in New Orleans for the 10th anniversary since the devastation of Hurricane Katrina. Tremé is one of the oldest black neighborhoods in America

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President Barack Obama with Mayor Mitch Landrieu

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President Barack Obama sits for lunch at Willie Mae’s restaurant with young men from My Brother’s Keeper initiative

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President Barack Obama participates in a roundtable on Hurricane Katrina at the Andrew P. Sanchez Community Center in New Orleans

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President Barack Obama speaks during an event to mark the 10th anniversary of Hurricane Katrina on August 27, 2015 in New Orleans, Louisiana. President Obama spoke at the Andrew P. Sanchez & Copelin-Byrd Multi-Service Center located in the Lower 9th Ward, a largely African-American neighborhood that was one of the hardest hit by the storm

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Chat Away

@dougmillsnyt: President Obama holds a little girl during a walking tour of the rebuilt Treme neighborhood in New Orleans #Katrina10

President Obama Delivers Remarks In New Orleans

4:55 EDT: President Obama Delivers Remarks at the Andrew P. Sanchez Community Center, New Orleans

The Economy Is Growing. Don’t Screw It Up, Congress

Amidst global volatility, Congress should protect the momentum of our growing economy (not kill it). We must avoid shutdown / austerity.

— President Obama (@POTUS44) August 27, 2015

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Jason Furman: Second Estimate Of GDP For The Second Quarter Of 2015

Real GDP growth in the second quarter was revised markedly upward, as consumers spent more and businesses invested more than previously estimated. The economy grew at a much faster pace in the second quarter than in the first, with strong personal consumption leading the rebound. At this time in the global economy, it is essential that we continue to do everything we can to maintain America’s domestic economic momentum—including avoiding a return to fiscal brinksmanship or unnecessary austerity by passing an on-time budget that reverses the sequester, increasing investments in infrastructure as part of a long-term transportation reauthorization, and other steps to foster long-term growth.

1. Real Gross Domestic Product (GDP) rose 3.7 percent at an annual rate in the second quarter according to the BEA’s latest estimate, well above the first quarter’s 0.6 percent pace and the BEA’s initial second-quarter estimate of 2.3 percent growth. In the second quarter, the increase in GDP growth was led by a faster pace of personal consumption growth than in the first quarter and a shift from negative to positive net export growth. Structures investment, which declined sharply in the first quarter and was previously thought to have declined in the second, is now estimated to have grown. Overall, real GDP has now risen 2.7 percent over the past four quarters.

More here

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Real PDFP, key indicator of future growth, grew at 3.4 percent over the past four quarters https://t.co/E8jiszn6Hj pic.twitter.com/XKwmpeuTzx

— Jason Furman NARA (@CEAChair44) August 27, 2015

Upward revisions to Q2 GDP widespread across business investment, consumer spending, other components pic.twitter.com/ve1YA0QzDD

— Jason Furman NARA (@CEAChair44) August 27, 2015

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R&D investment growing at fastest pace since 2007, good news for long-run productivity growth https://t.co/E8jiszEI5T

— Jason Furman NARA (@CEAChair44) August 27, 2015

Q2 GDP revised up to 3.7 percent, much faster than initial estimate and Q1 https://t.co/E8jiszEI5T pic.twitter.com/jdzSJTpTfa

— Jason Furman NARA (@CEAChair44) August 27, 2015

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Early Bird Rise and Shine

On This Day: President Barack Obama visits with Natalie Quillian, Advisor to the Chief of Staff, and family in the Oval Office, Aug. 27, 2014 (Photo by Pete Souza)

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Today

10:05 EDT: The President departs the White House

12:20 CT: Arrives New Orleans

12:45 CT: Meets with residents and youth

2:55 CT: Participates in a roundtable discussion

3:55 CT: Delivers remarks on the region’s rebirth after Hurricane Katrina

5:00 CT: Departs New Orleans

8:30 EDT: Arrives White House

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On This Day: President Barack Obama and family tour the Gay Head lighthouse in Aquinnah, Mass., while on vacation on Martha’s Vineyard, Aug. 27, 2009 (Photo by Pete Souza)

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MoooOOOooorning!