We are clearly not in a Recession as our economy keeps grouping. But unemployment is still way too high & GDP is still way too low.
So what is causing this? Are the banks still not making business loans? Interest rates are at an all-time low.
Taxes have not increased since Bush left office.
So what's causing our economy to just slog along?
That's obvious enough to me.
Suppose you have a good-paying job, and you're living a lifestyle that your income can barely support. Perhaps you're on the edge as it is, borrowing money to live just a bit beyond your income.
Then you lose your job, and end up taking a minimum wage job in its place, making nowhere near the income you were before.
On noticing a decline in your ability to pay your bills, you decide to take drastic action, in the form of going all out and buying a new car, a new flatscreen TV, a new computer, and all sorts of other stuff you don't really need, and probably couldn't have afforded on your previous income.
And now, you're scratching your head, wondering why, your financial situation has become worse rather than better.
That's what Obama and his lackeys did to this nation's economy. At a time when our situation was already in bad shape, they went on an outrageous, irresponsible spending spree, that we couldn't have afforded even before the economy turned downward. So now, the economy is even worse, and those fools who supported him can't figure out why.
The best hope for this nation and its economy is that in 2012, we'll put the nation's checkbook and credit cards back in the hands of grown-ups, who will treat them with some degree or responsibility and restraint.