Thursday, September 6, 2012

Is the American Economy Better or Worse

The American people are right into election season. The battle between Barack Obama and Mitt Romney will take place this November. One of the big questions on the tips of the mind of the American public, is are we better off than we were before Obama got elected or not? That particular query will be a huge sticking point as it pertains to the Presidential Election.

Four years ago, towards the end of the George W. Bush administration, the American people were slipping and sliding into a recession. Jobs were lost. Companies failed. Obama got elected on the principal of change was coming. Change may have come. Is it change for the better? The answer to that question depends on your own personal perspective.

The stock market has shifts even in the best of economic times. Now more than ever, traders on the New York Stock Exchange have their ears glued to the latest information. The turbulence of the stock market will be high as November approaches and all of the cards are on the table. Statistics are available but keep in mind statistics are selective at best.

The economy continues to be unbalanced. There are signs that things will get much worse before they get better. Signs that many people will read but naturally are not going to be spelled out in any mainstream news report. American people across the board are rather short and impatient these days. There is an attitude of instant gratification across all parts of society in the American people.

This attitude of impatience and instant gratification has splashed up to the government. The government wasted its time trying to implement half-baked quick fixes and thus essentially opened the wounds of the people further. The United States of America is deep in debt. We the people are paying for sins long before Obama, long before Bush, that have been decades in the making. We opened up the purse strings for others and loaned money. We borrowed money and the sinking debt crippled the world eventually.

Perhaps it may be time for the United States of America to be selfish to other countries and stop helping them. It's a dog eat dog world out there. That fact is an entirely new discussion for another time.

The crime rate is up across the nation. More people are out of jobs. Unemployment figures might seem lower, but they are merely an imperfect metric. The stock market is too unstable to read at certain points and really only is relevant to a portion of the American people at this point.

Is the American economy better or worse than in 2008 when Barack Obama got elected? He most certainly barely helped with anything. Then again, one must wonder if anyone who got elected would be in a no win situation.

No comments: