The USA is no longer teetering on the edge of a financial abuse that
could have plunged her into another Great Depression, or worse. If the
truth be told, President Obama, and his Administration, have done a
masterful job in turn the direction of the country around to recovery
with prosperity just around the corner.
The stock markets has recovered from its lows of 2009, and is now
approaching its all time highs hit just prior to the crash. If the stock
market is any indication of how the economy will look in six months,
then the future looks bright indeed.
All the real estate data suggest the housing market has bottomed and is
beginning its recovery. USA citizens have deleveraged since the crash by
paying down their credit card and other consumer debts. The jobs market
has been recovering for quite some time now with a steady, although
slow, long term drop in the unemployment rate from its high of 10% to
around 7.8 today.
President Obama has a fine record, and I'm baffled why he not running on it.
Below is a link to an article in the NY Times:
#----------------------------------------
Excerpt:
None of this should be taken to imply that the situation is good, or to
deny that we should be doing better — a shortfall largely due to the
scorched-earth tactics of Republicans, who have blocked any and all
efforts to accelerate the pace of recovery. (If the American Jobs Act,
proposed by the Obama administration last year, had been passed, the
unemployment rate would probably be below 7 percent.) The U.S. economy
is still far short of where it should be, and the job market has a long
way to go before it makes up the ground lost in the Great Recession. But
the employment data do suggest an economy that is slowly healing, an
economy in which declining consumer debt burdens and a housing revival
have finally put us on the road back to full employment.
http://www.nytimes.com/2012/10/08/opinion/krugman-truth-about-jobs.html?adxnnl=1&src=recg&adxnnlx=1349793494-inmELwqWkCUdkrFkbLRIIQ
or
http://tinyurl.com/9lfhajq
#------------------------------------
Regards,
LelandJ
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