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economy
payroll tax
obama
unemployment rate
recession
smokers
uncertainty
few days
Is Our Economy Getting Better?
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Economists seem to think we are on that path. According to The National Association For Business Economics. The projected unemployment rate should drop to 7.5 percent by the end of 2013. However, that does seem to be a slow growth rate. One has to admit it is a lot better than loosing jobs.

On the plus side of things is that it should put a bit of a damper on the uncertainty this country has been experiencing the last 4 years. Hopefully that will help the economy that much more, and speed up the job growth rate. With that being said, how is it some people are still saying President Obama, and his administration has made the economy worse?

I do not care if the Obama administration only created 1 more job than was lost over his administration. It still means they did not make the economy worse. Right now the the country has seen 26 straight months of job growth. I have been hearing over the last few days of things that have been so nonfactual. Most of them by our leaders in congress. How Obama has just made Government bigger. How Obama has increased taxes. (He has raised some taxes on smokers, and tanning salons, but he has also cut them more for most Americans on stuff from the stimulus and payroll tax.) How he just wants to spend this county so far in debt, we fall off that cliff, that everyone has been talking about. So more false claims than truths. Even the last statement, which might shock many people right now.

The CBO just put a new report that says, "the deficit will go down 607 billion between now and some time in 2013." That is because Obama did sign laws that will raise taxes in 2013. the the CBO thinks we might go back into a recession with those tax hikes, and with all the spending cuts that has been taking place. (So how can the government be getting bigger, if they are making all these spending cuts?) I know the CBO report is kinda of contradicting what the the NABE is reporting. What people need to remember is they can tweak things here and there, to balance out what the CBO is worried about, and stay on pace for what the NABE is predicting. The good thing is, it seems like this administration is close to having this economy and deficit on track to where most people would like to see it.

I am sure most people would like the growth to be faster. Just remember that the turtle always wins the race. Once we build up a little more momentum, and creates less uncertainty for businesses, then growth can pick up at a faster rate. I think we all need to remember it is an election year, and these politicians will manipulate the facts in their favor to get elected or reelected. That is why it is important to find as many non-bias sources as possible to see what is really happening in this country.

Who knew, we might actually be better off than what some have been portraying? Granted we our not out of the water yet, and there is still a lot of work that needs to be done. Right now, most of are uncertainty is coming from Europe. As long as they can work out their mess, we should be fine. Many people are still hurting, and will probably be for be some time. They just need to hold on a bit longer. I know that is easier said than done.


Street Talk

We are better off then before and not as well off as we will be. What do the rich always say, "It takes money to make money." Well it takes money to fix problems too. So it is all relative. Give Obama a chance. He has hope, he is young and he can go another four years working for us, the American Public.

Reply
  about 8 years ago

We are better off then before and not as well off as we will be. What do the rich always say, "It takes money to make money." Well it takes money to fix problems too. So it is all relative. Give Obama a chance. He has hope, he is young and he can go another four years working for us, the American Public.

Reply
  about 8 years ago
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