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Feinler Management Group - charlesbobby

Feinler Management Group - charlesbobby

Communication, Community

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  • The economy Obama now faces: Slow but gaining

    Community, Communication Design

    http://www.mydesert.com/viewart/20121110/BUSINESS/311100026/The-economy-Obama-now-faces-Slow-gaining?odyssey=nav|head

    Experts say resolving fiscal cliff is critical to preserving progress

    WASHINGTON — Here’s the assignment President Barack Obama has won with his re-election: improve an economy burdened by high unemployment, stagnant pay, a European financial crisis, slowing global growth and U.S. companies still too anxious to expand much. The outlook isn’t all grim. Signs suggest that the next four years will coincide with a vastly healthier economy than the previous four, which overlapped the Great Recession. Obama used his victory speech to emphasize that the economy is recovering and promised action to reduce the government’s budget deficit, overhaul the tax system and reform immigration laws. “We can build on the progress we’ve made and continue to fight for new jobs and new opportunity and new security for the middle class,” he said. The jobs picture has been improving gradually. Employers added a solid 171,000 jobs in October. Hiring was also stronger in August and September than first thought. Cheaper gas and rising home prices have given Americans the confidence to spend slightly more. Slow but steady rise That said, most economists predict the improvement will remain steady but slow. Few think the unemployment rate — 7.9 percent — will return to a normal level of 6 percent within the next two years. The Federal Reserve expects unemployment to be 7.6 percent or hig...

Here’s the assignment President Barack Obama has won with his re-election.

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