Wednesday, September 16, 2009

Significant fear remains over economy, jobs

Even though there are fresh signs that the worst is over for the U.S. economy, many people fear the future and what could lay ahead for their families. They are concerned that there is not enough being done to avoid another meltdown. Just about six out of 10 people are concerned about their jobs in the coming months, according to a new Washington Post-ABC news poll. This has little change since February. There is little confidence in President Obama, who pitched his administration's plans to overhaul the nation's financial regulations Wall Street on Monday, getting a 51% approval rating on dealing with the economy.

I think that Obama is taking a progressive approach in his stimulous package. Job growth is usually one of the last things to recover from. We are seeing other signs of recovery, like in the stock market and consumer spending. Housing, which was also a drag on the economy, appears to be turning around. I just think Obama needs to try to make it clear and reassure the Americans that the U.S. economy is, in fact, turning around. When six out of 10 people are worried about their jobs in the coming months, as the new Washington Post-ABC new poll shows, I think it's the presidents job to make sure they know exactly what's going on. Our economy is complicated and many people may not understand what's happening. They should know that after a steep downfall, there is usually steep progression to follow. Just because job growth has not made any progress, doesn't mean we aren't recovering at all. I think people need to be aware of that, and their fears of the future may go away.

http://www.msnbc.msn.com/id/32852607/ns/politics-washington_post/

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