Obama Economy in Pictures
- Thread starter daman200
- Start date
a s s i s t
Obama's economy: A snapshot
When the president entered office on Jan. 20, 2009, the economy was
issue No. 1. It still is today. Here's a look at where the economy stood
then and what's changed since.
Job losses p[/url]eaked in early 2009, and steadily declined throughout the year. The economy
finally started creating jobs in the beginning of 2010, but then employers pulled back in the
summer. A similar trend occurred in 2011, and then again in 2012, when strong momen-
tum early in the year stumbled in the spring.
http://money.cnn.com/galleries/2012/news/economy/1206/gallery.Obama-economy/index.html
Obama's economy: A snapshot
When the president entered office on Jan. 20, 2009, the economy was
issue No. 1. It still is today. Here's a look at where the economy stood
then and what's changed since.
Job losses p[/url]eaked in early 2009, and steadily declined throughout the year. The economy
finally started creating jobs in the beginning of 2010, but then employers pulled back in the
summer. A similar trend occurred in 2011, and then again in 2012, when strong momen-
tum early in the year stumbled in the spring.
http://money.cnn.com/galleries/2012/news/economy/1206/gallery.Obama-economy/index.html
1. I think credit standards should be loosen to get the economy going. The interest rates can be kept low, but it won't do any good if people can't access those loans.
The problem with the financial crisis was too much was given out based on income. Instead of giving somebody that couldn't afford it a half million loan, you could now loan them $100,000-$150,000.
2. Banks do a poor job of managing supply of homes on the market. Instead of over building new homes, banks should 'steer' people to renovating existing homes on the market. A foreclosure on a new home built that increased supply of housing does more damage to existing homeowners than a house that was renovated and bought. This practice could allow banks to loosen credit standards.
3. More should be done to encourage companies to hire people rather than working existing workers with overtime such time and half or double time on hourly and salary workers.
4. I think Romney stating that his business background will provide some benefits is questionable. The President has many advisors with business backgrounds and Commerce Department. Most of the legislation is initiated in Congress, and policies are initiated out of Congress. I like to know what things can be done in the Executive Branch by somebody with a Business backgorund....
5. The establishment of interest rates based on credit scores should be regulated. I think industry can abuse this discretion by overstating the credit risk of borrowers based on superficial missed payments.
There are too many people that unemployed, something aggressive should be done to encourage hiring. In light of the crisis in Europe with 10-20 percent unemployment, having 8 percent is not that bad.
The problem with the financial crisis was too much was given out based on income. Instead of giving somebody that couldn't afford it a half million loan, you could now loan them $100,000-$150,000.
2. Banks do a poor job of managing supply of homes on the market. Instead of over building new homes, banks should 'steer' people to renovating existing homes on the market. A foreclosure on a new home built that increased supply of housing does more damage to existing homeowners than a house that was renovated and bought. This practice could allow banks to loosen credit standards.
3. More should be done to encourage companies to hire people rather than working existing workers with overtime such time and half or double time on hourly and salary workers.
4. I think Romney stating that his business background will provide some benefits is questionable. The President has many advisors with business backgrounds and Commerce Department. Most of the legislation is initiated in Congress, and policies are initiated out of Congress. I like to know what things can be done in the Executive Branch by somebody with a Business backgorund....
5. The establishment of interest rates based on credit scores should be regulated. I think industry can abuse this discretion by overstating the credit risk of borrowers based on superficial missed payments.
There are too many people that unemployed, something aggressive should be done to encourage hiring. In light of the crisis in Europe with 10-20 percent unemployment, having 8 percent is not that bad.
Last edited:
a s s i s t
Obama's economy: A snapshot
When the president entered office on Jan. 20, 2009, the economy was
issue No. 1. It still is today. Here's a look at where the economy stood
then and what's changed since.
Job losses p[/url]eaked in early 2009, and steadily declined throughout the year. The economy
finally started creating jobs in the beginning of 2010, but then employers pulled back in the
summer. A similar trend occurred in 2011, and then again in 2012, when strong momen-
tum early in the year stumbled in the spring.
http://money.cnn.com/galleries/2012/news/economy/1206/gallery.Obama-economy/index.html
Nice Assist These pictures the obama campaign should pass out......Cause i swear dumb people forget what it was like before he took office
. . . These pictures the obama campaign should pass out......Cause i swear dumb people forget what it was like before he took office
Well, they can't deny the picture -- but I believe their argument is that the president hasn't made those blue bars long enough, i.e., closer to that second line in the graph -- the 400,000 mark.
What do you think of that argument ?
Well if Obama can do well without getting a job bill passed from congress!! When u look at all the pictures Obama time in office has been a major turnaround. And he did it without much help from congress. I think the American people need to wake up