This article, and the useful charts, showed the progress of the US economy during the four years of the Obama Administration. http://www.cnbc.com/id/48911596/
Good analogy, using a house on fire. It was the Republican Bush Administration that set the house on fire, leaving the fire fighting to Obama to save whatever could be saved. Not easy to wipe the bottom clean, the dirty mess left by Bush was so unprecedented in American history since the 1930s. As someone commented, "It could be a lot worse, I'm giving Obama another chance." People's memory is so short, before Reagon took over the Presidency, America was in surplus, it was the Republicans during the Reagon era that set the pace for America to go into deficits, ballooned further by the folly of engaging in the Iraqi and Afganistan wars, all under the Republicans.
Good analogy, using a house on fire.
ReplyDeleteIt was the Republican Bush Administration that set the house on fire, leaving the fire fighting to Obama to save whatever could be saved. Not easy to wipe the bottom clean, the dirty mess left by Bush was so unprecedented in American history since the 1930s.
As someone commented, "It could be a lot worse, I'm giving Obama another chance."
People's memory is so short, before Reagon took over the Presidency, America was in surplus, it was the Republicans during the Reagon era that set the pace for America to go into deficits, ballooned further by the folly of engaging in the Iraqi and Afganistan wars, all under the Republicans.
S&P 500 index is resumed and higher now.
ReplyDeleteVWO, NGO , hospital, University & retirees who had invested may make a profit now. This is good and happy news for the poor & middle class.