| bluesinG said: I think that things are looking up because last month the US economy added 171,000 jobs. The month before Obama took office (December 2008), the economy lost 661,000 jobs. That's an improvement of 832,000 jobs per month in 4 years. I'm not saying that the US economy is as strong as I'd like it to be. Obama hasn't said that, either. But the economy has improved a whole lot over the past 4 years, and I'm confident that it will continue to improve over the next four years (unless, of course, congress royally messes it up). I mean, do you remember how bad the economy was in 2008/2009? It was terrible. I mean truly God-awful. They didn't call it the Great Recession for nothing. |
No...taking 2 numbers 4 years apart does not yield an average of 4 years. Jesus.
Things aren't looking up though. They are stagnant. When I did that calculation when you confined your numbers to March 2010 onward, we still aren't really creating a surplus of jobs, which is what we need to have in order to start taking a chunk out of the 12 million unemployed. Every single month where job creation fails to exceed 150,000, we are worsening our situation.
Economic Growth Rate:
2007: 1.9%
2008: -0.4%
2009: -3.5%
2010: 3.0%
2011: 1.7%
2-4% is considered a healthy economy, so in 2010 we hit it. Estimates for 2012 place it near 2%, so in terms of GDP, the economy is borderline healthy. (This is good)
