This article talks about if we are better off today then we were 3 years ago, and the author has a more positive outlook than yesterdays blog I posted. He looks at the changes in employment, the economy, the stock market and the auto industry, among other things. He is a very big supporter of Obama so he strongly feels that we are better off with him as president, but what do you think? Are we better off today than we were 3 years ago?
Here are some examples from the article:
3. The stock market: On January 20, 2009, the Dow closed at 7,949.09, while the S&P was at 805.23. Yesterday, the Dow closed at 12,578.95 (up 58% from 1/20/09) and the S&P was at 1,308.04 (up 62% from 1/20/09).
7. The Economy: Bottom line -- when Barack Obama took office three years ago, the economy was in free fall, in danger of descending into another Great Depression. Today, the worst has been avoided, and we're growing again, with 22 straight months of private sector job growth, a healthy stock market and auto industry, a stabilizing housing market, and all the other indicators listed above. Not too shabby, especially given the hole we had to dig ourselves out of following 8 years of wildly irresponsible Republican policies.
18. Crime: Crime rates in the U.S. are at their lowest levels since...wait for it...1963. In other words, we're not just better off than we were three years ago, we're better off than we were 48 years ago.
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I agree that we are probably better off today then we were 3 years ago. That being said, I just felt like while reading this article that different stats and facts could be taken out of context and make them fit for either side of the issue that you want to argue. A lot of these statistics are simply a single side of the story, and after reading this I feel like its necessary to take these with a grain of salt.
ReplyDeleteOverall, yes I think the US is better off today than three years ago. Good signs are the housing market, the auto industry, and foreign affairs. However, I would not consider tax cuts evidence that this nation has improved, and unemployment should still be a main concern. In addition, I am not as proud of Wall Street as the author is.
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