Friday, February 18, 2011

The Obama Economic Plan Is Not Working


U.S. President Barack Obama

Newly released economic numbers indicate, the Obama economic plan for America is not working. Gallup places unemployment at 10%, which is up from 9.8% and there has been an increase in layoffs as well. The government has not been able to tame the unemployment issue, which is crucial.

This is even worrying the Federal Reserve and separately the Treasury - people in President Obama's corner. How long will the government continue along this fruitless path. When will they realize their current plans are not working and change course.

The next presidential election is less than two years away, but the real electioneering will begin in roughly a year. Obama doesn't have much time left to make something genuine of his presidency to illustrate why he is seeking a second term.

STORY SOURCE

Gallup Finds U.S. Unemployment Up to 10.0% in Mid-February

US Initial Jobless Claims Rise 25000 to 410000 Last Week‎

Inflation and unemployment weigh on Wall St‎

U.S. Economy: Consumer Prices, Jobless Claims Exceed Forecasts

Consumer Comfort in U.S. Holds Near Two-Month Low; Outlooks Dim

Bank of Japan Members Warn Against Optimism on US Economy