Wednesday, April 14, 2010

Rescued: While Kicking and Screaming...

Is middle America being rescued despite it's self?

Do you remember how dire the economic climate was in fall 2008 and winter 2008/2009?

Do you recall how many economic experts - from all political persuasions - were predicting a worldwide economic collapse perhaps more severe then the Great Depression of the 1930's?

Well, this just in:

Federal Reserve Chairman Ben Bernanke told Congress Wednesday that the economy began to recover from its long recession in the second half of last year, and he predicted a moderate economic recovery in the months to come.

Bernanke, an appointment by Republican George W. Bush, credits President Obama's stimulus package for helping our country stave off economic disaster. In fact, in March, for the first time in three years, the economy added jobs instead of losing jobs - 162,000 to be exact.

As Newsweek reported this past week:

America is coming back stronger, better, and faster than nearly anyone expected—and faster than most of its international rivals. The Dow Jones industrial average, hovering near 11,000, is up 70 percent in the past 13 months, and auto sales in the first quarter were up 16 percent from 2009. The economy added 162,000 jobs in March, including 17,000 in manufacturing. The dollar has gained strength, and the U.S. is back to its familiar position of lapping Europe and Japan in growth.

And to think, the GOP - that created this mess - has convinced hoards of herd mentality middle Americans, that President Obama's economic policies are hurting our country.

Hence, instead of supporting these economic commonsense policies, they are calling for a revolution to reinstall the same ship of fools that almost sunk our boat.

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