R
rdean
Guest
Well, the GDP rose by 5.7% which is a continuation of a trend of rising GDP, so the stimulus and other economic policies appear to be helping a bit:
U.S. GDP grows at 5.7% rate in fourth quarter - latimes.com
The nation's total production of goods and services expanded at a heady 5.7% annual rate in the final three months of last year, the Commerce Department said Friday in its first estimate of the quarter's gross domestic product.
But unemployment continues to be dismal.
What's the reason? US Companies keep sending their jobs overseas, to save money, thanks to reliance on market self-governance.
So the corporations reap record profits, Wall Street continues to climb, and US citizens continue to have no jobs.
So what's the solution? Obama believes it's giving tax breaks to companies that keep their jobs in the US. I say that's a good start.
Anyone have any other good ideas to keep jobs here?
The reason the GDP is up is because companies are restocking inventories that they allowed to fall because of the recession.
As was pointed out in another post, hiring is a lagging indicator of an improving economy.
Another indicator is the Dow Jones, which reached an all time high in 2000, a high of 11,500. The last 52 weeks (that's one year) has see it climb from 6,500 (approx) ---> 10,500 (approx.), the highest since 2003 (if it's hard to believe, do a search on "Dow Jones" because I've already posted this at least 6 times).