Obama saved the economy, facts don't lie
Original post made by Reality, deal with it on Mar 10, 2010
"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."
So much for the "liberal media"...
and another quote:
"A year ago, there was panic, as well as concern. And a lot of the expectations were not only that we were going to have declines in activity but they would stretch all the way to 2010, if not 2011."
Since then, monthly job losses have abated, from 779,000 during the month Obama took office to 36,000 last month. Corporate profits have grown; among 491 companies in the S&P 500 that reported fourth-quarter earnings, profits rose 180 percent from a year ago, according to Bloomberg data. Durable goods orders in January were up 9.3 percent from a year earlier. Inflation is tame, and long-term interest rates remain low.
Link to article >>> Web Link
Once again, after the hangover of another GOP rape of the economy, our country is beginning to thrive under democratic party leadership (as it historically has since WW2 compared to GOP administrations), but if you wingnuts and teabaggers still feel the need to fill this bulletin board with conspiracy rants about marxist-nazist-socialist secret agendas, then go right ahead...the rest of use will be enjoying the fruits of rational leadership as our economy continues to grow...
If you were a member and logged in you could track comments from this story.
Spedowfski Announces run for Livermore City Council
By Roz Rogoff | 1 comment | 853 views
Take Full Advantage of Free Standardized Testing Opportunities
By Elizabeth LaScala | 0 comments | 286 views