Reply #2: The Economy Has Begun To Recover From Bush! [View All]

[TomCADem]

First, I know someone will point to the current high unemployment rate to argue that the economy has not begun to turn around. However, unemployment is never a leading economic indicator. The employment rate typically improves on the tail end of the recovery from a recession, and the economy has reversed itself and begun to grow under President Obama:

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The best you can hope for is for the unemployment rate to start coming down as the economy begins to improve, though this has NOT happened in the last two recessions where unemployment lagged the overall improvement in the economy:

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Indeed, this trend appears to be holding true as the unemployment picture has dramatically reversed itself and improved under President Obama following the carnage of the Bush administration:

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Now, the Business Week article is a surprisingly objective piece that notes the general effectiveness of President Obama's economic policies, particularly when one considers how deep of a hole we were in when he took office. The banking system was on the verge of collapse. The U.S. auto industry was in danger of cratering. If President Obama was a Republican, the mainstream media would be hailing him as an economic genius 24/7.