Comments about ‘Economic recovery likely benefiting presidential winner’

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Published: Monday, Oct. 1 2012 11:08 p.m. MDT

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Mountanman
Hayden, ID

Wrong! The economy will improve only when Obama leaves the White House, not until.

louie
Cottonwood Heights, UT

Mountanman

You are wrong again. When he took office the economy was in a nose dive, losing 700,000 jobs a month, hardly his fault. Within three months things started to turn around. Since then about 5 million private sector jobas have been added. In additon, the markets (Dow, Nasdaq, and S&P) have all doubled in three years. That rise in the market is unprecedented (like never before) especially considering the Asian and European markets have been flat.

FT
salt lake city, UT

People are seeing and feeling this around the country which is one of the reasons why Obama's reelection hopes are improving. Offcourse, having the worst Republican nominee since Bob Dole has helped as well. If Mitt could win he could take credit for the Obama recovery. He did that for the Olympics when most insiders will tell you that he took credit for a lot more than he deserved.

I M LDS 2
Provo, UT

Mountanman wrote:

"Wrong! The economy will improve only when Obama leaves the White House, not until."

What?

The economy is more in the hands of Wall Street than the President. Surely you know this. So what are you saying? That there is a form of Wall Street racism where investors are refusing to invest in America "until that black man is out of office!"??

Are you serious?

skeptic
Phoenix, AZ

If Romney were to become president he would implement corporations (corporate people) as instruments to turn the USA into a nation of haves and have not's the same as in Mexico and other plutocratic nations where the privileged rich own and control everything and the rest of the less privileged working class are serving the interest of the rich in a servant society with little opportunity to compete with the rich or to become rich, and with few rights or voice in their employment or lives.

Mountanman
Hayden, ID

The economy took a nose dive because of the federal government meddling in the housing market with sub-prime loans to people with no assets, no job and no income that started during the Clinton administration. The demand for housing skyrocketed as a result as did the price of homes. When millions of people did not service these loans, billions of dollars in toxic assets came back to the banks, and the prices of homes dropped the bubble burst (as it always does), home prices plummeted and we had the bailouts to banks to keep them from closing. Add to that $ billions in UAW pension benefits that GM and Chrysler had no ability to pay; we got the “bailout” for them. All with borrowed money much of it lost, unaccounted for and wasted! In the meantime 49 million Americans are on food stamps, the most in history. We have double digit inflation of food and energy and your net worth has decreased by about $4,000 since Obama became president. Real unemployment=abt 20%. Bin Laden is dead, but Al Qaida is alive and well (ambassador Stevens is dead). What success can you lay at Obama’s feet?

VST
Bountiful, UT

Since Louie brought up the subject of jobs, let's talk a about jobs.

Louie is right. Over five million jobs have been added to the private sector since Obama became President. But Louie fails to mention that there are now 200,000 fewer jobs than in February 2009 when Obama took office. Right now, we have 23 million who are either unemployed (still looking), under-employed (still looking), or have stopped looking for jobs (discouraged).

We are just treading water. There is virtually no significant reduction in the TOTAL unemployment/under-employment numbers over the past four years.

worf
Mcallen, TX

Louie is correct. Obama has created many jobs. By giving most of the stimulus money to other countries, economies have grown, and jobs were created.

Too bad he hasn't helped the United States. Just last week he was stopped from giving hundreds of millions to Egypt. You know, the ones who killed Americans and burned our flag.

I'm waiting for some Barry supporters to explain that.

lost in DC
West Jordan, UT

louie,
8+% unemployment is OK with you? people under-employed and/or taking lower paying jobs is OK with you?

I M LDS 2
making excuses for BO's abysmal failure does not change the fact that he has failed. The current "recovery" is the worst we have had since the depression. Unemployment has remained above 8% for BO's entire misadministration.

"The economy is more in the hands of Wall Street than the President." So you agree with me when I say dudd-frank was a failure.

Skeptic,
class warfare? is that the best you've got?

FT
there is no BO recovery. Worst republican nominee? Romney has sucessfully turned around private businesses, not-for-profit enterprises, and a state government. he has shown he knows what he is doing. What has BO done? told people how to get more money from the government, making them MORE dependent (less independent) and slowed the current recovery. Oh, and funneled mots of taxpyer money to failing businesses to try to protect his campaign donors' investments in them.

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