Sunday, November 1, 2009

Current Event #6

http://www.washingtontimes.com/news/2009/oct/31/obama-fresh-signs-economic-growth/

Obama: Fresh signs of economic growth

I read an article from the Washington Times to get a more conservative point of view this week. Even though the economy is slowly beginning to grow, Obama laid to rest this excitement about a growing economy. More important on his mind is the huge number of unemployed Americans. September marked a 9.8% unemployement rate, and the article stated that October may in fact be higher. Obama made it clear that even though the economy is doing better, hard times will still be ahead.
I personally find it great that over July to September, the economy grew 3.5%. I also realize however that no one should be celebrating just yet. Just a few months ago, some were even predicting a second Great Depression. So though the economy is beginning to grow again, the unemployement rate is still substantially high. The employement rate is a key factor in a prosperous economy. I agree that one of the most important issues right now is stimulating the economy to be sure that jobs are created and saved. This new month of November should not top October's unemployment rate.

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