All that throw down on President Obama messing up the Economy?….
Trust the Republicans?
Not a Good Look Folks….
Dr Obama’s medicine seems to be better than the GOP stuff….
The federal deficit is around half the size it was when the tea party reached its apex, due to tax hikes, spending cuts and stronger growth.
Consumer confidence this week hit a level not seen since the financial crisis rocked the economy in 2008. And economists say there is enough time between now and when voters go to the polls next November for the improvements to actually be felt throughout the economy. Even conservative economists predict somewhat stronger growth next year, while left-leaning forecasters are borderline giddy.
“The fact is the economy is probably going to look and feel very good next year,” said Ian Shepherdson of Pantheon Macroeconomics. “The most likely outlook for Obama and the Democrats is pretty good growth and employment rising strongly. If you step back and look at it, it’s a hugely favorable scenario for them.”
Obama landed himself in trouble early in his term for appearing to spike the ball too soon on economic growth. So he’s hesitant to make that mistake again when growth remains fairly soft and joblessness is still at 7.5 percent. But he’s shown signs of campaigning for the midterms on a message of a renewed prosperity — threatened only by Republican demands for more cuts and threats of fiscal standoff.
“If you read the headlines over the last couple of days, you’d actually see housing recovering; the economy stronger than expected; stock market hitting record highs,” Obama said at a fundraiser for the Democratic Congressional Campaign Committee in Chicago this week. “Our economy is doing better than just about every industrialized country in the world.”
At another recent fundraising event in New York at movie mogul Harvey Weinstein’s town house, Obama blamed GOP partisanship for blocking his efforts to improve the economy even more. “My thinking was after we beat them in 2012 that might break the fever,” he said to a group that included singer Justin Timberlake and actress Jessica Biel. “It’s not quite broken yet, but I am persistent and I am staying at it.”Share on Facebook