I hope this reaches the eyes of some of my readers in the next few hours, before they vote tomorrow (November 2) in the big U.S. midterm elections—because the economy is always a big issue in elections, and the incumbent party, the Democrats, have been getting the blame for the recession—which, by the way, the country's economy is pulling out of (and, according to economists' official measure for determining when the country is or is not in a recession, has already ended).
In the last few days or week I have been hearing a lot of economists' opinions and economic statistics that show that the U.S. economy is growing. It's growing, even if slowly.
The latest, just today, was that an index of manufacturing activity shows an increase.
Also, those who opposed the bailout of banking institutions and auto manufacturers last fall should note that AIG, the big insurer which received a bailout, is repaying $37 billion to the government. And the automakers have been repaying their bailout loans, too. The U.S. government is the largest shareholder in General Motors and stands to make a profit on the GM stock it holds.
Copyright © 2010 by Richard Stein
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No worry with me as I head out to the polls in the morning. I'm glad for how much better things have been since Obama became President.
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