Whoops, I should have said: "The USA is no longer teetering on the edge
of a financial abyss"
Regards,
LelandJ
On 10/09/2012 10:36 AM, lelandj wrote:
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
[excessive quoting removed by server]
_______________________________________________
Post Messages to: [email protected]
Subscription Maintenance: http://leafe.com/mailman/listinfo/profox
OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech
Searchable Archive: http://leafe.com/archives/search/profox
This message:
http://leafe.com/archives/byMID/profox/[email protected]
** All postings, unless explicitly stated otherwise, are the opinions of the
author, and do not constitute legal or medical advice. This statement is added
to the messages for those lawyers who are too stupid to see the obvious.
