When Alaska's economy collapsed in 1986, there wasn't a single spec home built in Anchorage for six years. Apartments and condos didn't resume in quantity for 12. That's typical of how long it takes for economies to turn around.
When Bush took office, thanks to eight years of Clinton's policies, the nation had a balanced budget and a thriving economy. Seven years into Bush's new policies unemployment was rising at a record rate. By the end of Bush's eighth year, according to http://zfacts.com/node/319, the nation was losing a historical never before seen 800,000 Jobs every month.
Obama's stimulus package, the package Republicans say didn't work, reversed the rising unemployment the month following its passage. Within a year, the nation's job hemorrhage had shrunk to zero. The number of American jobs has been slowly climbing ever since.
Obama's biggest mistake was underestimating how long the economy would take to fully recover.
If Romney is elected, he will re-embrace Bush's policies and finish steering America's economy over the economic cliff George Bush almost sent us over.
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Add commenthuh ?
Obama has continued the same policies of Bush spending much more than we take in, also he has appointed Larry Summers the same man that along with Greenspan and Robert Rubin that removed the Glass Stegal act and has been one of the major causes of the corruption of the financial community allowing greed to run uncontrolled thus creating the greatest collapse since 1929. now only 1 % of Americans are doing well , the masters of us all they will be if we continue down this path, freedom forgotten in a battle just to survive. our children will grow up never being able to remove their debt. this is economic servitude not freedom! Clinton did not balance the budget, he blew the biggest bubble yet by having Greenspan lower interest rates so low that it is seen as an attack on savers.a practice that has weakened the dollar and created inflation. in other words the government is stealing the money right out of your pocket . wake up America, we need a 3rd party that is for the people not the globalists.
UA
What is Mr.Metcalfe smoking?