New York (CNNMoney) - The United States economy is on the road to recovery, the White House said Friday, with stronger job growth expected this year.
But income inequality, Europe's debt crisis, and continued weakness in the housing market could still pose challenges, according to a report released by President Obama's Council of Economic Advisers.
I see your two, Mr. President, and raise you a half.
Should this go under the same file as the White House announcing that unemployment would never rise above 8% if Congress let the inept, corrupt, incompetent union toady president give a trillion dollars to the corrupt union bosses in 2009 (It went to an official 9.3%, before 5 million people just gave up and has now gone to 8.3%). Or, is this like when Joe Biden proclaimed to summer of 2010 "the summer of prosperity" as he pushed for more money to give to the corrupt union bosses, drug addicts and welfare frauds. You know the Obozo administration can spin it anyway it wants and the loyal lef wing mainstream media will never, ever question it. And the sheeple that support will go along with it because the corrupt union bosses and the NEA tell them to.
Interesting to see Obama the socialist continue with the income imbalance and "rebalancing" class warfare. Four more years of this socialist and we'll ALL be equally poor. Obama doesn't even PRETEND to know how to CREATE wealth, just destroy it or redistribute it to whoever he deems worthy, and that is never the person that worked to earn it.
End Socialism in America - Dump Obama
I don't surprise, when I went to Panera Bread today, it was jam-packed. I had to wait for 30 minutes. Well, I can see Economy is improving, which is totally messed by Bush and his WAR. Obama2012.
PS: I saw some t'shirts are Made In USA. I saw them. Good news.
The political spending will create that many in advertising alone.
I truly love the president! Even in a moment of a clear victory, he still stays focused, realistic and still acknowledges the people's hardships. If it were a republican, they would be like, haha look what we did, we are better than those evil Democrats that want to kill you and steal your babies. I just wish every republican out there would see how lucky and fortunate we are to have Obama in office instead of McCain. We would have all been doomed!
if this DOES occur or anything close to it...the GOP will have NOTHING to run on but birth control and the old "he's not one of us" fearmongering they like to do. Right now the BC issue is NOT working.
Yup ill hold my breath
... and i predict 2,000,000 layoffs
..o.k. ... so where do we go from here?
Obama also predicted unemployment would be down to 6% right now if they spend that TRILLION in stimulus spending. 8.3% is far higher than his projecttions. The clueless fool and his merry band of socialist/leftists are total incompetents. Maybe they should go practice their socialists BS in Cuba before inflicting it on the USA?
@Truth – Another enlightening comment. Thanks. All opinion, zero fact that displays your irrational hatred of the POTUS. It seems clear that you are extremely envious of his talents and achievements. Too bad for you. On the bright side, you will probably have the opportunity to spew your hatred and venom for almost five more years. Enjoy it.
Sorry Mr Turthiness ~ but you are wrong and have been wrong in everyone of your hateful and bitter posts.
I don't know what you need to make your life in some way pleasant or in some way happy, but I hope you find it without harming anyone.
With President Obama we have some one who will be remembered as being one of the greatest Presidents in our history.
TRUTH? You can't handle the truth! (Sorry, couldn't resisit).
Lies and Nothing but Lies,
Have you noticed that the Dow closed today at the highest level since May 2008? Businesses apparently are doing fine right now. The same cannot be said for Republicans running for office. Have you seen the latest polls from FOX News and Rasmussen Reports?
@Mikey, "achievements"? What has Obama achieved other than forcing a healthcare program down the throats of Americans when it is clearly not wanted. Unemployment rate is still higher than it was when Odumbo took office. You really think it is an accomplishment to have the unemployment rate at 8.3 percent when it was 7.6 percent when he took office. He did kill Osama but he managed to kill him with information collected during the Bush administration. He is fostering class warfare and his administration has been a total failure.
@WiredweirdinSF – "money to give to the corrupt union bosses, drug addicts and welfare frauds"
Wow. A few pieces of good economic news and the wingnuts come completely unhinged. @Rudy probably got it right when he posted above "I see your two, Mr. President, and raise you a half." At 200,000 jobs per month, 2 million looks like a conservative estimate. Job growth is up. Manufacturing us up. The stock market is screaming. Unemployment claims are down. Inflation is contained for now. This is all great news. Why do you hate America? Why do you hate Americans? The only thing I can suggest for you, Four, and Truthie is to try to be patriotic and root for your country. Is that too much to ask?
Gallup just yesterday reported the real unemployment figure at 19.2%. And it is known obama manipulated the U3 figure to get his prefered unemployment rate...the actual U3 is 9.8%. So why believe anything mr hope and change has to say? Why don't the democratic party find another candidate? Well...the answer is: they don't mind the lieing and manipulation... So it is time for a change of the guard and it has to be the GOP.
I certainly hope this "prediction" comes to fruition but I won't be holding my breath...sorry Obama supporters, I'm not convinced he has made the positive "Change" he promised us all when he took office.
Lilly Ledbetter Fair Pay Act
Saved the auto industry (including entire supply chain)
Change us from losing 750,000 jobs/month to gains of 200,000 per month
23 months of private sector job growth
Unemployment peaked at 10%, now down to 8.3% and falling
Got us out of Iraq
Got Osama Bin Laden plus 21 other "top 30 terrorists"
Improving veteran's benefits
Insuring young people up to age 26, many are out of work
Ending lifetime insurance caps – 60% of bankruptcies are due to medical bills
Stock market has almost doubled in value
Restored the respect of the USA with foreign countries
Got $20 billion from BP after oil spill
Working toward clean energy (I expect the importance of that goes over Conserviative heads)
Wall Street reform
Reformed student loans
More than 25 separate tax reductions
More preventative services covered in health plans
Health insurance exchanges
Program to help companies hire veterans
Assistance to families of veterans
Hunderds of thousands of foreclosures avoided by HAMP, etc.
Go forward with the DEMS and backwards with the teapublican clown car. Dem landslide coming!!!!!
@Truth – Just to get you facts right, the stimulus bill was $787 billion, of which $275 billion (35%) was tax cuts. Therefore, the stimulus "spending" was $512 billion.
@ Randy - "What has Obama achieved other than forcing a healthcare program down the throats of Americans when it is clearly not wanted. "
Ended Iraq war. Got Kadaffi out of power for almost nothing. Killed Bin Laden. Didn't screw-up the "Arab Spring" by trying to co-opt it. Killed dozens of top Al Quada. Has prevented organized terrorist attacks on US interests.
Oh, yeah, got us through the worst financial crisis since the Great Depression, with absolutely no help from the GOP. Saved the US automotive industry.