Huge national debt and high unemployment remain as major challenges
Read the complete story here: http://www.bloomberg.com/apps/news?pid=20601109&sid=aeSenIUvpSK0&pos=10
March 10 (Bloomberg) -- The political consensus may be that President Barack Obama’s handling of the economy has been weak. The judgment of money in all its forms has been overwhelmingly positive, and that may be the more lasting appraisal. One year after U.S stocks hit their post-financial-crisis low on March 9, 2009, the benchmark Standard & Poor’s 500 Index has risen more than 68 percent, and it’s up more than 41 percent since Obama took office. Credit spreads have narrowed. Commodity prices have surged. Housing prices have stabilized.
“We’ve had a phenomenal run in asset classes across the board,” said Dan Greenhaus, chief economic strategist for Miller Tabak & Co. in New York. “If he was a Republican, we would hear a never-ending drumbeat of news stories about markets voting in favor of the president.”
2 comments:
The Bankers and Wall Street love this guy! He bailed out their worthless butts. He has squandered our nation’s treasure and our children’s future so I can’t say anything positive about him. All of this and our unemployment is still near 10% and there is a second bubble burst in the housing market getting ready to explode. We are getting scammed by the Obama, Congress, the news media and Wall Street.
Before someone mentions it, yes Bush was a part of it by letting the democrats and the Fed push him around. He may go down in history as the republican’s answer to Jimmy Carter.
Yeah, something of substance both Anonymous and me Liberal can generally agree on regarding both Obama and Bush.
Except Bush was no patsy or victim of the Democrats. That is pure denial. Bush bailed out the defense contractors and the oil companies by invading Iraq. And he did so by trashing our budget surplus, which started our economic decline.
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