Sunday, November 1, 2009
Obama Tempers Good economic news with caution
For my current event article I read about Obama and how in the past month the economic down turn has gone up by a couple percents. The article basically talked about how this is a good sign not to get to " big headed" and realize that we still have the possiblity of having rough times ahead. The unemployed rate is still very high and may very well increase. But the good news is the economic upturn will create new jobs to be held. The fact is that the economy being up right now is very positive news compared to about a year ago when we thought we were headed for another great depression.Obama says that the investments in the stimulus package aren't just helping for in the short term but laying down the foundation for long term improvement overall. The wrap up of this article was that although government programs like cash for clunkers are bolstering the economy once they are done lingering problems will rise.
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