People need to stop blaming the financial mistakes of the American people on the government. It's the greedy oil companies. It's people who choose to buy imported material so they can save a penny and get CHEAPER quality merchandise. It's the employers who are so greedy they don't care if their employees starve. Its the people and banks that financed un-sound loans. It's the ones in wall street that think they are finance gods and that we the people owe them everything. It's not just one area of the economy that needs to be fixed. It's the entire picture that needs fixing. Our government though is toyally to blame for the government being broke. They also are clueless as to what to do with money. Face it, the entire world including you and I need to learn and understand financial responsibility and live by it.
It's not Obama. It's the greed. He didn't set up the balloon mortages. Bank CEO's getting bonuses that are out of site, but can't afford a descent interest rate on Savings accounts. Where do these CEO's think the money is coming from. They think they are too big to fail
I said this many times before, when people spend a big chunk of their income on gas, not nuch left to spend on anything else. it has been and is,gas prices. I shout it from the roof top, gas prices.
Maybe consider raising interest rates to prevent hyper inflation, and 5.00/gallon gas, until that's done we will never see 100% economic recovery, there won't be enough consumer confidence for it to happen.
Hey the only way to keep the economy growing in the eyes of the Republican Party is to lower the wages of the working man by 20% to allow, only thoses who's parents can afford it, to attend college. to eliminate Social Security, Welfare, goverment support for everyone but the the hallowed 1%and the oil and gas industries and the day trader's who are responisble for the rise in gasoline and heating oil prices. For it is only when they pay less in taxes and have more to spend outside of the country will other countries have the excess cash to send us to support our own once prosperous nationthat has now fallen upon deperate times under the Tyranny of the Republican Party
There will be no economic lift off. Many of those who have fallen off the employment map are those in their mid to late 50s. They may have employed spouses and will just wait until they are 62 to collect Social Security or they may live off of their savings until 62 or they may try to get Social Security Disability.Back in the 1980s it was projected that the retirement of the Boomers would cause a Depression... not just a recession, but a real Depression.... because retirees tend to have limited income and cut their spending on all but health care. They begin to draw down on investments.Therefore, they tried to use the stock market as a way to bolster income and they tried to encourage both stock ownership and consumerism in the emerging markets.Unfortunately, that has not worked out. Boomers will continue to spend, but it will mostly be from government benefits.... while fewer workers will be paying taxes at lower rates because the wages are lower and unemployment higher.It's not a pretty scenario, but it has been predicted for 40 years... and it is playing out as predicted (even w/o the financial and housing crises).
Americans have been tightening their belts since this guy's been in office. Let's see what the high gas prices do for the economy over the next 2 quarters. Looks like the Associated Press is trying to paint a rosier picture than what really exists.
How exactly is the jobs picture brighter when AOL's top 10 "jobs" of the week are nothing but part-time minimum-wage jobs? (http://jobs.aol.com/articles/2010/04/07/top-10-companies-hiring/) You can't support yourself on that. Just ask anyone who works one or more of these part-time $7.50 or $8 an hour jobs if they're able to pay their rent, basic utilities, food, gas for their car, and car insurance. Most of them will say no.The only reason the unemployment rate is even down right now is not because people are finding work, it's because people's unemployment benefits have run out.This is just more typical media spin to make things appear better than they are.
Looks like more propaganda from the left. Annual real GDP for 2011 was 1.7%. Pathetic
You are RIGHT again, it was so much better under W.
Tell this news to the hardcore unemployed- those that gave up looking.This is a taylor made story from Obama's media supporters. We will be seeing more of this "thing are looking up.."I would love to see a story on whats really going on "out there"
You won't, the left leaning media protects him at all costs. Even if it means they continue to lose even more credibility than they've already lost.