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Little more than a year ago, financial markets were in turmoil, major auto companies were on the verge of collapse and economists such as Paul Krugman were worried about the U.S. slumbering through a Japan-like Lost Decade. While no one would claim that all the pain is past or the danger gone, the economy is growing again, jumping to a 5.6 percent annualized growth rate in the fourth quarter of 2009 as businesses finally restocked their inventories. The consensus view now calls for 3 percent growth this year, significantly higher than the 2.1 percent estimate for 2010 that economists surveyed by Bloomberg News saw coming when Obama first moved into the Oval Office.
Originally posted by jam321
reply to post by sharklive6
My question is if you can define what exactly Obamanomics is?
Originally posted by sharklive6
businesses finally restocked their inventories.
The reason I know Obamanomics is working is because I read really good blogs and news sits.