Review & Outlook: The Obama Economy - WSJ.com#articleTabs%3Dcomments&mg=com-wsj#articleTabs%3Dcomments&mg=com-wsj
I agree that the recovery has been very slow at best, but if I understand the republican alternative would have been no stimulus and cutting taxes for the rich? It is not simple to recover from the worst recession since the Great Depression. I agree that it was not the best time from an economic stand-point to pass health care reform, but it was the only chance politically to pass. What got us in this mess to start with? The mortgage bubble was disastrous for a lot of middle class owners who have now a debt some time twice higher than the value of their homes. People have lost confidence in Wall Street banks. They have earn it back. You did not mention in your article that the Dow has grown about 50% since it is all time low. I think business are waiting for the market to stabilize before starting to hire. People will start to consume more when they feel safe about their jobs. Unfortunately, our country is losing competitiveness because of high labor costs ...
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