A CNN/ORC poll released Thursday, 9/13/2012, found that 68 percent of Americans expect the economy to be “very good” or “somewhat good” a year from now, the highest percentage saying so since 2002.
I think it's very possible that whoever gets elected president, it will be a time of very good economic recovery in the United States. There seems to be pent up economic energy that will take place regardless of who is in charge. It may be more important who is elected to congress. Candidate Romney is suggesting that he knows how to create 12 million new jobs. Most economists suggest that this is a "low bar" goal that will probably occur no matter who is in charge. President Obama suggests that the U.S. is at the brink of a full recovery following two years of a very slow recovery. Most economists suggest that this is very likely if the European economy doesn't drag us down. The housing market is slowly recovering. Once a full housing recovery is more solidly established, it will affect all of the things that are necessary to go into newly purchased homes such as furniture, carpets, appliances, and the latest electronics. Many economists see that "demand" is the key element that will lead a full recovery.
Economists agree that one of the most important economic drags, the national debt, will need to be addressed at some point. Under President Obama that debt has risen by 50%, under the 8 years of President Bush it increased 86%. Prior to that, the national debt increased by 186% under President Reagan and Under former President Clinton, the United States had a projected federal budget surplus for the first time since 1969 in the 1998 federal budget; the budgets for 1999, 2000, and 2001 also had surpluses.
The five former Democratic Presidents (Bill Clinton, Jimmy Carter, Lyndon B. Johnson, John F. Kennedy, and Harry S. Truman) all reduced public debt as a share of GDP, while the last four Republican Presidents (George W. Bush, George H. W. Bush, Ronald Reagan, and Gerald Ford) all oversaw an increase in the country's indebtedness.
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Economists agree that one of the most important economic drags, the national debt, will need to be addressed at some point. Under President Obama that debt has risen by 50%, under the 8 years of President Bush it increased 86%. Prior to that, the national debt increased by 186% under President Reagan and Under former President Clinton, the United States had a projected federal budget surplus for the first time since 1969 in the 1998 federal budget; the budgets for 1999, 2000, and 2001 also had surpluses.
The five former Democratic Presidents (Bill Clinton, Jimmy Carter, Lyndon B. Johnson, John F. Kennedy, and Harry S. Truman) all reduced public debt as a share of GDP, while the last four Republican Presidents (George W. Bush, George H. W. Bush, Ronald Reagan, and Gerald Ford) all oversaw an increase in the country's indebtedness.
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