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Experts say the willingness to buy on credit is actually a reflection of growing confidence by American consumers that things are turning around. Makes sense!
GOOD news for the country. BAD news for the GOP. Romney based the rationale for his presidency 100% on turning around a bad economy.
WATCH for the congressional GOP to continue to do everything in it's power to put the damper on the Obama recovery. Their efforts are going to be ever more transparent, I think, as the desparation sets in.
Experts say the willingness to buy on credit is actually a reflection of growing confidence by American consumers that things are turning around. Makes sense!
GOOD news for the country. BAD news for the GOP. Romney based the rationale for his presidency 100% on turning around a bad economy.
WATCH for the congressional GOP to continue to do everything in it's power to put the damper on the Obama recovery. Their efforts are going to be ever more transparent, I think, as the desparation sets in.
If this recovery turns out to be anything but a red herring, I'll be surprised. But if we see a major economic recovery this year then Obama deserves as much credit for that as he does for the Sun coming up in the morning. His policies and his poorly run stimulus prolonged the downturn in the economy. He presided over an unemployment rate that shot up and went flat at 9%. It stayed there for three years straight. We haven't seen anything like that in living memory.
There's plenty of other things to attack though. His unConstitutional powers for one thing. He likes to do things by executive order that are flat out not legal for him to do. If it was a Republican in office, we'd be midway through impeachment proceedings. But with Obama, that would clearly be racism ...
Bloomberg is usually pretty good on things but consumer credit going up in November may or may not tell us that we're in a recovery. It definitely says people borrowed more money to buy Christmas presents than we've seen in a long time. That may be a bad gamble and certainly doesn't represent an upward trend for the whole economy.
Question is, does America forgive Obama for three absolutely miserable years just because he has one good year? That would seem like a very gullible move on their part. Then again, most Americans are astoundingly gullible.
If this recovery turns out to be anything but a red herring, I'll be surprised. But if we see a major economic recovery this year then Obama deserves as much credit for that as he does for the Sun coming up in the morning. His policies and his poorly run stimulus prolonged the downturn in the economy. He presided over an unemployment rate that shot up and went flat at 9%. It stayed there for three years straight. We haven't seen anything like that in living memory.
There's plenty of other things to attack though. His unConstitutional powers for one thing. He likes to do things by executive order that are flat out not legal for him to do. If it was a Republican in office, we'd be midway through impeachment proceedings. But with Obama, that would clearly be racism ...
Bloomberg is usually pretty good on things but consumer credit going up in November may or may not tell us that we're in a recovery. It definitely says people borrowed more money to buy Christmas presents than we've seen in a long time. That may be a bad gamble and certainly doesn't represent an upward trend for the whole economy.
Question is, does America forgive Obama for three absolutely miserable years just because he has one good year? That would seem like a very gullible move on their part. Then again, most Americans are astoundingly gullible.
The rise in borrowing goes hand in hand with a rise in financial intitutions being willing to extend credit, something they have hear-to-for been unwilling to do. That's why this is a good sign of a generally improving situation, and not just "Christmas borrowing".
As far as the "disaster" of the Obama presidency- you understand that not everyone sees things the way you do? You can thank the past 60 years of US hisory for the strong executive branch. Obama's just a continuance. Until the courts or congress intervene, it will be a fact of our lives. That's why it behooves us to choose our presidents wisely. The single most impressive aspect of the Obama presidency to date has been how he's executed the War on Terror. That may not have been possible if he needed congress's approval every ten minutes (especially this congress). So far, the courts are on the side of a strong unitary president.
As to the economy- to use an analogy, it's like Obama was a passenger on a jet airliner. The pilot (Bush and his economic team) turned the plane into a screaming nose-dive, then bailed out. Obama took the controls, and grabbed the wheel. The plane continued down for the first year, but then slowly, Obama got control, and got the nose up.
If you look at the charts of all the economic indicators for the past the four years, that is exactly what they represent- a steep nose dive that started before Obama took office, a levelling off before we could crash and burn, and now a shallow, but steady climb under his leadership.
You can argue that somebody else (McCain??? ) could have done a better job, got us turned around quicker... but that's hypothetical, isn't it?
If the economy stalls, or dives again, Obama will lose big. Even if the economy continues to improve, he faces enough resistance, left, right, and center, to make this a very close race.
But not everyone is as hard on Obama as you are, or as anxious to dump him. The quality of his opposition is going to be a big factor in a lot of people making the decision, I think. And the GOP isn't exactly putting its best foot forward, so far.
Experts say the willingness to buy on credit is actually a reflection of growing confidence by American consumers that things are turning around. Makes sense!
GOOD news for the country. BAD news for the GOP. Romney based the rationale for his presidency 100% on turning around a bad economy.
WATCH for the congressional GOP to continue to do everything in it's power to put the damper on the Obama recovery. Their efforts are going to be ever more transparent, I think, as the desparation sets in.
Yes more bad news for the righties and I am sure the right will do all in their power to put a stop to it, they will fail and the American People will see who they really are.
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) could have done a better job, got us turned around quicker... but that's hypothetical, isn't it?
