Obama's claims on economy look hollow to much of America
NY Times:
This recovery is starting to look very fragile. The media has been too quick to give Obama credit he does not deserve for the improved economy.
Here is the problem. Of the 3,069 counties in the US only 65 are better off than they were before the recession started. Of those 65, 40 of them are in oil producing areas where the shale revolution has created thousands of new jobs. But many of those jobs are at risk because of the precipitous drop in the price of oil. Thousands of layoffs are already underway.Day After President’s Speech, Some Doubts Linger Over Nation’s Recovery
Despite President Obama’s call to help the middle class, unease lingered among those who said they were still earning less than before the recession.
This recovery is starting to look very fragile. The media has been too quick to give Obama credit he does not deserve for the improved economy.
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