PROMISES, PROMISES: Obama’s mixed economic record
PROMISES, PROMISES: Obama’s pledges on debt, growth and manufacturing face mixed prospects
By Christopher s. Rugaber, AP Economics Writer | Associated Press
The issue:
The U.S. economy is recovering from the Great Recession but at a modest, uneven pace. Many scars remain visible, particularly an unemployment rate of 7.6 percent. The U.S. has 2.8 million fewer jobs than in December 2007, when the recession began. And average hourly wages have trailed inflation in the past three years.
Meanwhile, the federal budget deficit has ballooned, topping $1 trillion each year in President Barack Obama’s first term. It is forecast to fall to $845 billion this year. Obama faces the challenge of reducing that gap without cutting it so quickly that it slows growth.
https://news.yahoo.com/promises-promises-obamas-mixed-economic-074614065.html
