On 10/09/2012 10:41 AM, Michael Madigan wrote:
Does insanity run in your family?
My post is drawn from Paul Krugman's NY Times article "Truth About
Jobs", and Paul Krugman seem very sane to me. Have you should be tested
to see if you might be a little nuts.
Regards,
LelandJ
----- Original Message ----- From: lelandj <[email protected]>
To: ProFox Email List <[email protected]> Cc: Sent: Tuesday, October
9, 2012 11:36 AM Subject: [OT] Truth About Jobs 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 _______________________________________________ Post
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