The Road to Recovery

Here is a chart that the Obama administration recently released. The chart basically backs up Obama's point that he inherited the economic mess and that he has taken steps to correct the problem.

Here is a link to the image and a description on the Obama website. Obviously, The American Recovery and Reinvestment Act has worked to a certain extent. It was not the only factor in the recovery, just as Bush was not the only factor in the initial mess.

I still don't believe that the Obama administration has done enough. Banks are not making the loans that the administration had hoped for. Jobs have been created, but they are mostly construction and other blue collar jobs. Education spending is still being cut in California and I don't see that trend reversing before the end of the next school year.

Inflation is inevitable in 2010. What this means to the general public is that if people still have trouble finding jobs, then the economy will be worse off. That could be a major disaster!