There must be an alternate universe somewhere in which the following trends do not apply. However, these are what they are. The unemployment rate is down. It’s interesting that while the unemployment rate was at least 8% the Republicans had no problem whatsoever vouching for the accuracy of the BLS reports, but once the number fell below their threshold for advertising purposes, then the numbers were questionable? The main point isn’t the specific percentage of unemployed but the trend — which certainly looks better than when the deregulation fueled Recession was in full bloom.
It’s also interesting to note that there must be some other rationale for Gloom and Doom from the Wall Street crowd, because the stock market indices have been going up during the Obama Administration.
If an index of 500 stocks isn’t enough, why not take a look at an index of 5000? Here’s the Wilshire 5000 total market index. If new regulations on banks and their derivative trading is so deleterious to our financial health, then why these rather robust numbers?
Retail sales and food service numbers are looking better too, and the banks are doing well also.
Retail sales, food service, banks doing well. The stock market is back to trending upward, and the unemployment figures aren’t climbing up as they were during the Recession — So, are we better off than we were four years ago? And, why did the Romney Campaign stop asking that question?