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Two years after the official start of the recovery, the American people remain pessimistic about their current economic circumstances and longer-term prospects.
Fewer than a quarter of people see signs of improvement in the economy, and two-thirds say they believe the country is on the wrong track overall, according to a Bloomberg National Poll conducted June 17-20.
.....
By a 44 percent to 34 percent margin, Americans say they believe they are worse off than when President Barack Obama took office in early 2009, when the U.S. was in the depths of a recession compounded by the September 2008 financial crisis and the economy was losing as many as 820,000 jobs a month.
The gloom covers the immediate future, with fewer than 1 in 10 people expecting unemployment to return to pre-recession levels within the next two years, and it extends to the next generation. More than half of respondents say their children are destined to have a lower standard of living than they do, upending a traditional touchstone of the American Dream.
Originally posted by Chadwickus
reply to post by buskey
1000 people polled is a majority is it?
It's probably true but polls are easy to fudge.
Originally posted by Eurisko2012
reply to post by buskey
It looks like Bill Clinton sees blood in the water.
He told Newsweek that he has 14 ways to save the economy.
- It's still the economy stupid. -
------------------------
If February 2012 arrives and the unemployment rate is 10 % then i see Obama just resigning.
Then Hillary can come riding into Washington DC on her great white horse to save us all with
a - new? - plan?
Originally posted by Taupin Desciple
I think Obama has very little to do with the economy whether it gets better or worse.
A president who has the ability to single-handedly make the economy better or worse? Sorry, but I don't subscribe to that theory. There are WAY too many variables, people, and corporations involved for that "lone gunman" theory to hold water.
Originally posted by Taupin Desciple
I think Obama has very little to do with the economy whether it gets better or worse.
A president who has the ability to single-handedly make the economy better or worse? Sorry, but I don't subscribe to that theory. There are WAY too many variables, people, and corporations involved for that "lone gunman" theory to hold water.
Originally posted by Taupin Desciple
I think Obama has very little to do with the economy whether it gets better or worse.
A president who has the ability to single-handedly make the economy better or worse? Sorry, but I don't subscribe to that theory. There are WAY too many variables, people, and corporations involved for that "lone gunman" theory to hold water.
Originally posted by kro32
reply to post by Eurisko2012
I don't think it's so much that he's been an evil President as much as he's been a nothing President. He's implemented a few things but honestly I think had we not had a President for the last 4 years the country would be about the same.
I think when his part is looked at by historians down the road the only thing he will have done that's noteworthy is being the first black President.
Originally posted by kro32
reply to post by Eurisko2012
I understand your points and don't like Obama any better than you but I don't criticize until there's an actual reason. The healthbill hasn't and won't hit till 2014 so that's not an issue yet and it's debatable on whether the stimulas had any effect.
It certainly didn't create anything other than more debt but it's unknown how much worse if at all the economy would have been had it not passed. For all we know it could have been much worse so that line of thought isn't conclusive enough to use as a basis for Obama's failure either.
Like I said he just hasn't done anything to be remembered by either good or bad that will be in history books 100 years from now.