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  Topic: Obama Economic Recovery
Is As Bad As It Appears
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Obama Economic Recovery
Is As Bad As It Appears

Investor's Business Daily, by John Merline

Original Article

Posted By:RustMB, 10/25/2012 8:36:39 AM

In a previously off-the-record interview with the Des Moines Register, President Obama argued that the economic recovery he's overseen isn't as bad as his Republican opponent, Mitt Romney, claims. "In many ways, because of the actions we took early on, we're actually ahead of pace in the typical recovery out of a recession like this," Obama said.[snip] But the data are clear that Obama's economic recovery — which started in June 2009, five months after he was sworn in — has been worse than any recovery since the Great Depression.

      


Post Reply  

Reply 1 - Posted by: Stopstoreload, 10/25/2012 8:53:55 AM     (No. 8960339)

The administration has exacerbated the recession by standing astride the hiring process; threatening employers with higher taxes, higher energy costs, higher medical plan costs, more EPA regulations and union favoritism.

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Reply 2 - Posted by: janylou, 10/25/2012 9:19:28 AM     (No. 8960435)

They updated the first time unemployment numbers for last week to almost 400,000. Tell me we are recovering?!!

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Reply 3 - Posted by: Aunt Agnes, 10/25/2012 9:25:22 AM     (No. 8960450)

Just two little things I noticed yesterday - I was in a large grocery store & in the bakery dept. the day-old corner was SWAMPED with shoppers trying to save a little money on bakery items. If the economy is so great, why are people trying so hard to save a few cents on bread? There were also a couple of shelves where an item was not even available - that usually means a n extreme couponer got everything. Also, while driving I've really begun to notice the signs in people's yards. ALL of them are Rpmney/Ryan signs. I've seen only one BO sticker on a car - no yard signs.

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Reply 4 - Posted by: country boy, 10/25/2012 9:43:24 AM     (No. 8960510)

The obama recovery is actually worse than people say. The government is borrowing money to get people hired. No business does that. No, successful businesses hire people from cash flow, from existing successful business.

Next year, recession is highly likely, no matter who wins.

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Reply 5 - Posted by: Robinsolana, 10/25/2012 10:28:20 AM     (No. 8960669)

The Obama recovery is dramatically worse than any since the Great Depression.
Jobs have gone down and just stayed down.
Obama has put us on the path to the 'lost decade'.

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Reply 6 - Posted by: Mr. Know-It-All, 10/25/2012 11:25:47 AM     (No. 8960852)

You may be correct #7, but perhaps all the pent up business activity that has been kept in check by the threats of increasing taxes from the oblamer regime will be unleashed next year, bucking the trend. We sure don't need another dumbocrat takeover of congress in two years.

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