On the plus side: The stock market stopped its precipitous decline in March and recovered a lot of its losses. That's a relief to those of us who kept our investments in the broad market with our IRAs, College Savings Plans, and 401ks. It always seemed to me like a giant over reaction on Wall Street, so staying the course was wise.
Unfortunately, the Obama Administration went on record early on as taking no blame (And thus they now get no credit) for the ups and downs of the stock market.
On the negatives side: Despite a massive spending bill passed 11 months ago supposedly designed to stimulate the economy and create jobs, we have 10 % unemployment. It really was a terrible bill.
Terrorism is rearing its ugly head again despite America's efforts to be nice to the world. For some reason, even though we elected Obama, the Islamic Extremists still hate us. My experience and studies show me that accommodation does not appease our enemies, so I am not surprised. I hope that the Christmas scare awakens this administration to the seriousness of this threat.
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