I don't think people know what the definition of a recession is.
Definition of recession: two consecutive quarters of decline in a country's real (inflation-adjusted) gross domestic product (GDP) - the value of all goods and services a country produces.
TAX THE RICH!!!
He signed into law a comprehensive national health insurance bill, a goal that had eluded progressive presidents for a century — and built it strong enough to withstand assaults from the Supreme Court and avoid repeal from a Republican administration. He got surprisingly tough reforms to Wall Street passed as well, not to mention a stimulus package that both blunted the recession and transformed education and energy policy.
He's put in place the toughest climate rules in American history and signed a major international climate accord. He opened the US to Cuba for the first time in more than half a century, and reached a peaceful settlement to the nuclear standoff with Iran.Barack's Increasing Stock
U.S. stocks plunged in highly volatile trading on Monday, with the Dow industrials falling nearly 1,600 points during the session, its biggest intraday decline in history, as investors grappled with rising bond yields and potentially firming inflation.
Many of us Canadians are confused by the U.S. midterm elections.
Consider, right now in America, corporate profits are at record highs, the country's adding 200,000 jobs per month, unemployment is below 6%, U.S. gross national product growth is the best of the Organization for Economic Cooperation and Development (OECD) countries.
The dollar is at its strongest levels in years, the stock market is near record highs, gasoline prices are falling, there's no inflation, interest rates are the lowest in 30 years, U.S. oil imports are declining, U.S. oil production is rapidly increasing, the deficit is rapidly declining, and the wealthy are still making astonishing amounts of money. America is leading the world once again and respected internationally — in sharp contrast to the Bush years. Obama brought soldiers home from Iraq and killed Osama bin Laden.
So, Americans vote for the party that got you into the mess that Obama just dug you out of? This defies reason.
When you are done with Obama, could you send him our way?
Richard Brunt
Victoria, British Columbia
