Corporate Subsidies

The Economy Improving Greatly, But Obama Gets Little Credit For It!

The American economy is rapidly growing and improving, and the future is bright, except for the problem of unemployment. The auto industry is booming, as Obama saved the industry by giving them assistance in 2009-2010, and the expansion of the economy has also been benefited by three to four percent growth in the past two economic quarters. But one would get the impression that Barack Obama deserves no credit, when he deserves most of the credit for the improvements!

There is still the issue of refusal of the GOP House of Representatives to promote infrastructure spending, to raise the minimum wage to the level of inflation over the years, to continue the assistance to long term unemployed to avoid starvation and homelessness, and the need to push for education, as the future for the young, with proof that the more educated one is, the much lower the unemployment rate really is, and will continue to be. Also, lowering the debt for college students and graduates, as much as there are subsidies for corporations, would be a massive move in the right direction.

That is why it is essential for an end to the deadlock in the nation’s capital, and for action to be taken, but if not, the urgency of a Democratic Congress majority in both houses in November’s midterm elections is apparent!