I was recently asked how some of the key economic indicators are trending going into 2012 from the perspective of the president’s record. When Obama took office in January 2009, employment was absolutely cratering. Now it’s growing, and, in the private sector, has been since the spring of 2010. The swing from huge negatives to positives is notable and helpful to the president. So he has some strong trend reversals to point to, though while the trend is his friend, the sheer levels still bedevil. Current profits as a share of GDP signal the return of rising income inequality, a major concern for a lot of people today. But here Obama has a very strong case to make that the Republicans’ game plan will only make that problem a lot worse.
Read more: U.S. Economy, Economic Recovery, Economic Stimulus Package, Stimulus, Economy, Economic Crisis, Business News
