Obama: U.S. economy still facing challenges

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  • lost in DC West Jordan, UT
    June 4, 2011 8:37 a.m.

    highest unemployment rate under bush 7.7%. Highest under BO 10.1%

    amount of time it took bush to rack up his debt - 8 years. Amount of time it took BO to rack up the same amount of debt - 27 months.

    you're saying the intelligence that said the taliban was harboring al qaeda in Afghanistan was faulty? You're saying the attack on the twin towers is faulty evidence?

    from USA Today, May 20, 2011

    US Limps in Job Creation, Post recession rate is the lowest since 1930s

    "Nearly two years after the economic recovery officially began, job creation continues to stagger at the slowest post-recession rate since the great depression."

    Yeah, BO attacks companies like Boeing that are trying to expand, you know he doesn't care about job creation.

  • Woodyff Mapleton, UT
    June 3, 2011 11:08 p.m.

    This time I will have to agree with Obama - he is the main challenge to the economy!

  • Riverton Cougar Riverton, Utah
    June 3, 2011 9:50 p.m.

    "On my orders, the United States military has begun strikes against al-Qaeda terrorist training camps and military installations of the Taleban regime in Afghanistan.'" -Bush Jr.

    So are you suggesting that going after Al-Qeada and the Taliban was a bad thing? This war on terrorism is dumb? So the war on terrorism is best fought on the homefront (aka on American soil with more than 2,000 civilians killed per attack rather than 4,000 soldiers killed over the course of 8 years)?

    Also, about the recovery, we all knew the economy would eventually recover. Why do you think we were so upset that Obama signed that gigantic stimulus package? Recessions usually only last 2 years at the most. This one has been over three and counting. Obama is delaying recovery, no matter what you say. Even if you put a dress and lipstick on a monkey, it is still a monkey. This economy has not recovered yet because of Obama, and unfortunately it should be mostly recovered by the time the next election rolls around (and Obama will say he made it recover). I hope Americans aren't as stupid this time around.

  • Wastintime Los Angeles, CA
    June 3, 2011 8:44 p.m.

    The jobs outlook brightened in February, as strong business hiring helped trim unemployment to its lowest level in nearly two years.

    Private businesses gained a total of 457,000 jobs over the last three months, even as state and local governments continued to lose jobs.

    The gains have been widespread, with 68% of industries tracked by the Labor Department adding jobs in the month -- the most broad-based gain in employment across the business world since 1998.

    Another factor helping unemployment is a sharp decline in job losses. The number of people losing their jobs fell by 1.1 million since November, the biggest three-month decline since the Labor Department began tracking that number in 1967.
    (CNNMoney 2011)

    The jobs recovery picked up speed in April, as business payrolls swelled and the unemployment rate rose as more people returned to the workforce.

    The economy added 244,000 jobs in the month, the Labor Department reported Friday. That's up from the 221,000 jobs gained in March. Economists surveyed by CNNMoney were expecting a slight slowdown to a gain of just 185,000 jobs.
    (CNNMoney 5/9/2011)

  • Wastintime Los Angeles, CA
    June 3, 2011 8:19 p.m.

    In a report released March 18, 2011, the presidents Council of Economic Advisers estimated that between 2.5 and 3.6 million jobs were created or saved by the stimulus through the fourth quarter of 2010.

    Separately, the councils report cited four independent analyses by the Congressional budget office and three private economic analysis companies. Heres what the groups found:

    *CBO: Between 1.3 million and 3.6 million jobs saved or created.

    *IHS/Global Insight: 2.45 million jobs saved or created.

    *Macroeconomic Advisers: 2.3 million jobs saved or created.

    *Moodys Economy.com: 2.5 million jobs saved or created.

    We were headed the right direction-until Repubs put the brakes on.

  • Mountanman Hayden, ID
    June 3, 2011 8:10 p.m.

    A few challenges? How about the truth!
    #1: Double digit inflation of energy and food prices with no end in sight.
    #2: 44 million Americans on food stamps, the most in history.
    #3: Credit rating services threatening to down grade America's credit rating due to $14.2 trillion (and growing daily) national debt which has grown faster in the last two years than it did in all our history.
    #4: The equity in your home has declined substantially faster than at anytime in the history of America.
    #5: Unemployment increasing, not decreasing as promised!
    #6: Consumer confidence the lowest since FDR.
    #7: Undeclared, expensive war with Libya that has stalemated with Gadhafi still in power with no exit strategy.
    #8: The stock market continues to lose value due to more and more bad economic reports.
    #9: Medicare and S.S. are both nearing bankruptcy with no plan to correct.
    #10: Obama promises to raise taxes in the face of all this!

    What can we learn from this? Answer: the recovery will begin when Obama leaves!

  • runwasatch Ogden, UT
    June 3, 2011 7:09 p.m.

    How much debt under Obama? As much in two years as Bush managed in 8...follow the trend and we end up with around 20 trillion in new debt under Obama...leading to 30 trillion in national debt at Obama's current rate. That would mean Bush increased by 5 trillion, and Obama would increase by 20 trillion... you are right Pagan... Obama wins this one!

    Obama supports military strikes against a leader in Lybia that is less than a standup guy, but hasn't committed crimes against humanity - and the Pagan's of the world shout his praises.

    Bush takes out a thug who killed his own people with WMD's - remember the Kurds? - and the liberals call him a war monger.

    Bush vacations involved relaxing at his ranch. Obama jets around the world, playing golf, at a much greater security risk and expense... oh, and mixes in a little - actually a lot - of apologizing to the world for America's greatness.

    Obama says America's involvement in Lybia will last "days-not weeks"...um something like 3 months ago?

    Obama's "team" is considering a 68% top tax rate... now that's supporting Americans!!

  • David Centerville, UT
    June 3, 2011 6:01 p.m.

    charlie91342 | 4:31 p.m. June 3, 2011
    Sylmar, CA
    "also, Obama is pretty much just Bush all over again. yes, some things changed, but most stayed the same. It amazes me that so many repubs talk badly about him, yet Bush would have done most of the same things".

    I thought that liberals hated President Bush and his policies. Now you are saying that President Obama has been "pretty much just Bush all over again"? And you continue by saying "It amazes me that so many repubs talk badly about him, yet Bush would have done most of the same things"?

    So if Bush would have done most of the same things, and now President Obama is doing most of "those same things" that Bush would have done, are you going to loudly complain, rant, rail and vote against Obama for doing those same things that Bush would have done? I mean, those things that, if Bush were president, doing those same things, you would have ranted, railed and complained about?

    Very interesting revelation there, charlie91342.

  • Howard Beal Provo, UT
    June 3, 2011 5:38 p.m.

    sorry charlie but the reality I see in September--October is stagnant wages, unemployment still around 9%, high gasoline prices and the real estate market as bleak as ever while state and city governments across the country are in panic on how to pay their bills. I hope you are right but I just don't see it...

    And to answer your question, I am not happy with what either Bush OR Obama has done with the economy as President.

  • Brother Chuck Schroeder A Tropical Paradise USA, FL
    June 3, 2011 5:30 p.m.

    And President Obama is right here. U.S. economy still facing challenges.

    For The First Time In Modern History, Science, Religion, & Common Sense Agree

    Strangely enough multiple unrelated sources are pointing to something big:

    The Mayan Calendar drops off completely

    Current events have started sounding an awful lot like Revelation

    Now NASA picks up potential for the sun to go haywire and decimate our nation.

    Bottom line?

    Something is very wrong. Sure, here in the US were still reasonably safe but for how long?

  • Pagan Salt Lake City, UT
    June 3, 2011 5:19 p.m.

    Oh, wait. I forgot.

    Bush started the wars in Afghanistan and Iraq based on 'faulty inteligence.'

    As such, 4,000 American men and women are dead.

    On my orders, the United States military has begun strikes against al-Qaeda terrorist training camps and military installations of the Taleban regime in Afghanistan.'

    Statement given after the start of the US and British military strikes on targets in Afghanistan on Sunday, 7th October 2001.

    How IS America doing in Libya?

    *'Gadhafi asks Obama to stop' - By Matthew Lee - AP - Published by DSNews - 04/06/2011

    Oh, wait!

    No US troops have EVER been reported in Libya. Which, you claimed on another story.

    Is that why your so upset with me?

  • KM Cedar Hills, UT
    June 3, 2011 5:16 p.m.

    Mr. President, we were told that you are the smartest professor president in the history of America and perhaps the world. People cried and cheered as you were inagurated the savior of all that is good.
    I'm just waiting for QE3 and the ramifications of the out of control spending that you have foisted upon our great nation. Will we even survive your camelotesk presidentcy? Stay tuned.

  • Pagan Salt Lake City, UT
    June 3, 2011 5:05 p.m.

    'Now where is pagan? Come and defend your messiah. After all in your eyes barack can do nothing wrong.' - Liberal Ted | 12:38 p.m.

    Wow. You mention me by name, twice.

    Great job moderator.

    About Comments:
    Q. What kind of comments are rejected?
    ...comments meant solely to provoke, or comments that address other readers by name.

    Sarcasm off.

    Ted, your post ask's seven questions.

    Not much of an argument really.

    Just your speculation.

    Here we go:

    The ecomomy was tanked when Obama inhertied it from Bush. Bush doubled the national debt.

    Bush: 8%
    Obama: 9.1%

    I never called anyone a 'messiah.'
    That, was you.

    Yes, I voted for Obama. Is he not your president now because you say?

    Bush started Iraq and Afghanistan.

    Zero troops in Libya.

    Mrs. Obama has probably done more for this country than you.

    Obama released his birth certifiate in 2008 running for office, and again in 2011. Which you ignore as an excuse for racism.

    For the record. - first 19 months in office
    Obama - 65 days
    Bush Jr - 120 days - almost double.

    Bush on vacation: 1020
    JFK as president: 1036

    That about cover it?

  • the truth Holladay, UT
    June 3, 2011 4:35 p.m.

    To Obama and all liberals:

    do ya think!?

  • charlie91342 Sylmar, CA
    June 3, 2011 4:31 p.m.

    typical republican comments. if you actually knew economics, you would realize this is all timing. The fed bought 800 billion in treasury notes last november. it takes 6-12 months for that to trickle into the economy, where it multiplies to become up to 8 trillion of stimulus. By september, the economy will be in full swing, just in time for elections. You can rag on Obama all you want, but when election time comes, the economy will be much improved.

    and don't freak out over the June-Aug speed bumps. keep in mind fixing the economy after the biggest depression in 80 years is no simple matter. Give him some credit, and some time. or just keep hating him because he isn't a citizen...

    also, Obama is pretty much just Bush all over again. yes, some things changed, but most stayed the same. It amazes me that so many repubs talk badly about him, yet Bush would have done most of the same things (exc health care which hasn't even kicked in yet). If Bush was still pres, would you be saying the same things about him? and if not, what is your problem, really?

  • lost in DC West Jordan, UT
    June 3, 2011 12:58 p.m.

    "President Barack Obama says the U.S. economy is still facing challenges"

    BO's right, there are challenges to the US economy.

    The number 1 challenge is the current POTUS.

    The number 2 challenge is the current Senate Majority leader.

    The number 3 challenge (though gratefully defanged for the time being) is the current house minority leader.

  • TRUTH Salt Lake City, UT
    June 3, 2011 12:55 p.m.

    The only challenge facing the economy is how fast we dump the President and his ilk, so we can have our country back~!

  • Liberal Ted Salt Lake City, UT
    June 3, 2011 12:38 p.m.

    Really?! This guy is smarter than advertised! It's interesting that he said what the recession has caused. Didn't he blame everything that has ever gone wrong on Bush? Maybe he's realizing that people know that everything is not Bush's fault. After 2.5 years he's finally figured out that his policies have delayed the recovery.

    Now where is pagan? Come and defend your messiah. After all in your eyes barack can do nothing wrong.

    pagan claims that we should be focused on the economy. Why not tell that to your leader? He was focused on obamacare, amnesty, blaming bush, vacationing, world apology tour, starting wars, he still hasn't pulled out of the other countries, handing out money to nations to drill for oil and deny the US from developing it's own oil....But where has his focus on jobs and the economy been? Obviously it's not there. Otherwise unemployment wouldn't keep rising. That's not Bush's fault. That is all barack huessein obama. Maybe now his wife is proud of this nation becoming a 3rd world nation. Now it feels like home for the left.