^I’ll agree with some of what you say, but not that things have gotten worse under Obama. As you recall, the economy was in free-fall the end of 2008 and extra-ordinary measures were needed to avert world-wide depression. The 2009 $1.4 trillion deficit was largely committed and budgeted for in 2008 under Bush. The estimated 2010 deficit of $1.35 trillion is too high, but going in the right direction. Unemployment was increasing dramatically under Bush, peaking at 700 thousand+ per month in January 2009. The rate of additional unemployed decreased fairly dramatically since then, and since implementation of measures such as the stimulus program. In fact, job creation in the private sector is now net positive. The rate of unemployment increased to 9.6%, because an increase is an increase, but at a much lower rate. If GM had gone down along with hundreds of associated companies, God knows what unemployment would now be. And GM is now making a profit.
^I’ll agree with some of what you say, but not that things have gotten worse under Obama. As you recall, the economy was in free-fall the end of 2008 and extra-ordinary measures were needed to avert world-wide depression. The 2009 $1.4 trillion deficit was largely committed and budgeted for in 2008 under Bush. The estimated 2010 deficit of $1.35 trillion is too high, but going in the right direction. Unemployment was increasing dramatically under Bush, peaking at 700 thousand+ per month in January 2009. The rate of additional unemployed decreased fairly dramatically since then, and since implementation of measures such as the stimulus program. In fact, job creation in the private sector is now net positive. The rate of unemployment increased to 9.6%, because an increase is an increase, but at a much lower rate. If GM had gone down along with hundreds of associated companies, God knows what unemployment would now be. And GM is now making a profit.