A US economy that's strengthened over past 4 years
"In early 2009, the U.S. economy was in the midst of a full-blown panic sparked by the collapse of a housing bubble. Companies were slashing jobs. The unemployment rate was surging. Auto sales in January 2009 had reached a 26-year low. "
"The numbers were frightening.
Employers cut 794,000 jobs in January 2009 and 4.5 million from November 2008 through April 2009. "
"Now, companies are hiring modestly but steadily. Employers added an average of 181,000 jobs a month in 2012 and 175,000 in 2011. Still, unemployment remains far higher than the 5 percent to 6 percent that economists regard as normal.
But home prices are finally rebounding as sales and housing starts have recovered. And Americans are buying cars again. "
Looks like the cyber dimbulb can't even get history right. Bush jammed the tax cuts up liberal sphincters, and created a record, booming economy for a record duration...54 straight montsh of 4.5% unemployment that was regarded as full employment. People working, and govt tax coffers overflowing.....as opposed to 7.8% unemployment still after 5 years!!!!!! Bush's booming economy started from the day the tax cuts were passed. Seems the cyber monkey has trouble processing factual information.
HAHAHA It takes on ave. 6-9 mo. for an economy to recover from a recession given you are not socilaist governed, and want to spend, and waste hardworking tax payer's money driving the debt out of site rather than assist/benefiitting the private sector like Bush did. We are 5 yrs. into Oama's destruction of the economy, and unemployment is still at 7.8%, and 46,000,000 Americans have been driven into poverty.