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He has been office for 3 years and has done NOTHING about UNEMPLOYMENT except to ADD to it.
Well, yes, that is where we are but in 2009 when he railroaded the Stimulus law into effect he said we would go above 8% without the law and watched as it went above 9%. We are finding more and more about where that Stimulus money went as more and more of his pet green businesses go broke.
Sure the economy is doing better but we were so down anyway that any figures in the positive direction look promising even if only transitory or provisional. I think we have all lowered our expectations just a little the last few years.
That could be true, but what people have not apparently been paying attention to is that the economy has, statistically speaking, been improving almost since the first quarter of 2009, and that has been a steady improvement. The employment market has been shaky the entire time, but as I have pointed out to others in the past, employment is the last thing that recovers during an economic recover. Unemployment is the last symptom to occur during a recession, and employment is the last symptom of recovery. When we saw the gradual decline in employment during the summer months of 2008, that meant that the economy had already started to decline, and when we saw the massive layoffs in the winter of 2008-2009, that meant that the fundamentals of the economy had been horribly weak for some time. When you see employment data this strong now in 2012, that means the fundamentals of the economy have improved significantly.
I know GOP'ers are looking hard to find reasons to discredit the recovery, but there's nothing there. Sorry. Obama-nomics is working -- for now. Obviously, a spike in gas prices or a collapse of the EU zone and we're back in choppy waters again, but for now, America might actually be among the best performing major economies in the world right now. I don't think it's a stretch to say that.
“The rate of unemployment in the United States has exceeded 8 percent since February 2009, making the past three years the longest stretch of high unemployment in this country since the Great Depression. Moreover, the Congressional Budget Office (CBO) projects that the unemployment rate will remain above 8 percent until 2014. The official unemployment rate excludes those individuals who would like to work but have not searched for a job in the past four weeks as well as those who are working part-time but would prefer full-time work; if those people were counted among the unemployed, the unemployment rate in January 2012 would have been about 15 percent. Compounding the problem of high unemployment, the share of unemployed people looking for work for more than six months—referred to as the long-term unemployed—topped 40 percent in December 2009 for the first time since 1948, when such data began to be collected; it has remained above that level ever since.â€
That could be true, but what people have not apparently been paying attention to is that the economy has, statistically speaking, been improving almost since the first quarter of 2009, and that has been a steady improvement. The employment market has been shaky the entire time, but as I have pointed out to others in the past, employment is the last thing that recovers during an economic recover. Unemployment is the last symptom to occur during a recession, and employment is the last symptom of recovery. When we saw the gradual decline in employment during the summer months of 2008, that meant that the economy had already started to decline, and when we saw the massive layoffs in the winter of 2008-2009, that meant that the fundamentals of the economy had been horribly weak for some time. When you see employment data this strong now in 2012, that means the fundamentals of the economy have improved significantly.
I know GOP'ers are looking hard to find reasons to discredit the recovery, but there's nothing there. Sorry. Obama-nomics is working -- for now. Obviously, a spike in gas prices or a collapse of the EU zone and we're back in choppy waters again, but for now, America might actually be among the best performing major economies in the world right now. I don't think it's a stretch to say that.
With almost daily spikes in gasoline prices and the eminent fall of the EU I guess Obama is going to have to pull off some really fast ones to get his job back. That is what you said would do the trick and it is happening, in the case of gasoline, and coming to the EU.
That could be true, but what people have not apparently been paying attention to is that the economy has, statistically speaking, been improving almost since the first quarter of 2009, and that has been a steady improvement. The employment market has been shaky the entire time, but as I have pointed out to others in the past, employment is the last thing that recovers during an economic recover. Unemployment is the last symptom to occur during a recession, and employment is the last symptom of recovery. When we saw the gradual decline in employment during the summer months of 2008, that meant that the economy had already started to decline, and when we saw the massive layoffs in the winter of 2008-2009, that meant that the fundamentals of the economy had been horribly weak for some time. When you see employment data this strong now in 2012, that means the fundamentals of the economy have improved significantly.
I know GOP'ers are looking hard to find reasons to discredit the recovery, but there's nothing there. Sorry. Obama-nomics is working -- for now. Obviously, a spike in gas prices or a collapse of the EU zone and we're back in choppy waters again, but for now, America might actually be among the best performing major economies in the world right now. I don't think it's a stretch to say that.
This what they said about FDR too. By virtue of still being in the White House when the economy started to recover from his disastrous policies, he gets credit for saving the economy instead of the blame for prolonging the Depression. If he'd only served 2 terms like any other President he would have gone down in history as a complete failure.
The fact that we're starting to recover now is not a testament to Obama's policies working. The fact that we didn't recover a year ago is evidence of Obama's policies failing.
Its amazing and discouraging how posters can come to different conclusions. when viewing the same information.
Is Obamas plan working?? it depends on how low you are willing to go, to accept Obamas definition of success.
It worked "slightly", overall a failure, it will take a decade to recover or considerably more, another 7 million foreclosures in the next few years will decimate our wealth even more.
Nothing will replace housing and easy credit as a driver of our economy. We have lost over 7 trillion in home equity, a stimulus, or payroll tax extension will not offset that gaping hole.
Look how quickly banks and WS were returned to profitability, Main Street was never a real part of the recovery. A distant, distant second at most.
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