From Sunday's NYT:
"There is a compelling case that Obamanomics has produced results. An economy that was shrinking in size and bleeding more than 700,000 jobs a month is now growing at 2.6 percent and added 1.1 million jobs last year. The American Recovery and Reinvestment Act, known as the stimulus, produced or saved at least 1.9 million jobs and as many as 4.7 million last year, according to the Congressional Budget Office. The much-derided Troubled Asset Relief Program, or TARP, started by George W. Bush and continued by Obama, stabilized the financial sector, and the big banks have repaid the money with interest. According to a Treasury Department report sent to Congress this month, TARP will cost taxpayers $28 billion instead of the $700 billion originally set aside. The nearly $80 billion bailout of the auto industry may cost taxpayers only $15 billion, as the restructured General Motors and Chrysler come back to life with strong sales. The stock market has surged; corporate profits are setting records."
Search This Blog
Subscribe to:
Post Comments (Atom)
The question Dems need to ask open-minded (non-Maga) potential voters: "What upsets you more - the situation at the border or our heath...
-
I know this is tweet-worthy, which by my definition means it is an incredibly narcissistic post of virtually no interest to anyone, but I...
-
Topics that get my fellow progressives all fired up that you’ll virtually never hear me give an opinion on: - Keystone XL ...
-
Interesting to me that Romney's greatest success as a politician (Romneycare) and as a businessman (destroying Ameican companies and out...
We like your style! Good comments that can't be said enough!
ReplyDelete