ECON300-Current Event #17
As the November election continues to draw nearer, one major topic of discussion is the state of the economy before Obama, during his current tenure, and the current future predictions. Obama came into office during what is now known as the Great Recession. Unemployment was high, banks loans were failing and the housing market was at an all time low. Now it is 2012 and things are picking up. Economic indicators show that GDP, retail spending, the stock market and employment have all risen in the first quarter. This is good news for not only the American people but for Obama’s reputation. Consumer confidence appears to be up and so are his approval ratings. Going into November, it will be important for Obama to stress the current economic growth and its predicted future growth.
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