Some good charts to help understand how the Obama stimulus helped the economy, and why the recovery is slow.
Originally posted on Phil Ebersole's Blog:
It is a fact that economic recovery began after President Obama took office. I believe that the recovery was helped by his economic stimulus program and by programs already in place such as food stamps and unemployment insurance. These helped cushion the effects of the recession and allow recovery to take place. I can’t prove this. There is no way to go back in time and run another scenario in which the government stood aside and allowed events to take their course.
The problem is that the recovery is so slow, and that even when and if economic conditions get back to the way they were before. During the supposed expansion preceding the 2007 recession, wages were declining (in terms of buying power), American manufacturing was being eroded and poverty was increasing.
Below are some charts which illustrate the weakness of the current economic recovery.
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