It's a slow recovery... but look at the hole we found ourselves in:

[scheming daemons]

Seriously... No President since FDR had to dig out of a hole as deep as this one.... and look at the trendline. It's working its way back. No fast enough, but the trajectory is better than it was at the end of the Bush administration.

[dionysus]

1. k&r

[Vanje]

2. If you were to post a graph of housing prices (still plunging),

you'd be hard-pressed to call whats going on now, a recovery.

[Hosnon]

7. Housing prices NEED to fall to reflect actual value.

Until that happens, a recovery in that market cannot really begin.

[Vanje]

8. Mine is worth almost less than my car now.

[girl gone mad]

3. This administration got it wrong, unless they intentionally set out to crush the middle class.

Fiscal stimulus was much to small and narrow, monetary stimulus has utterly failed to do anything other than reward greedy speculators. Throwing trillions at the banks while leaving Main Street to rot was stupid economics and stupid politics.



Neoliberalism sucks.

[MineralMan]

4. Yup.

And George W. Bush was manning the shovel to dig us into that hole. It took him 8 years. President Obama can't get it filled back in in 2.5.

[LoZoccolo]

5. K&R n/t

[Tierra_y_Libertad]

6. But, the administration is still digging the hole with it's "necessary" wars.

Not to mention continuing the Bush tax breaks for the wealthy.

[Harmony Blue]

9. This is the major problem with War Powers Resoulution,

as these drawn out Unofficial wars are not held accountable, and the level of transparency with public expenditures is now an unknown (unthinkable in a Democracy). It is no coincidence that when the ultra rich were taxed near 90% during time of war that these same wars were brief, concise, and focused on clear objectives. The ultra rich were anti war because of this, but now they profit from drawn out unofficial wars, while also picking up tax cuts as well.