NEW YORK (MarketWatch) -- The Dow Jones Industrial Average returned to positive territory and above the 11,000 mark in midday trading Tuesday. TPJ: Woohoo!! This will help the retirement account!! The economy appears to be getting better and many economists are saying the recession is nearly over. Of course unemployment is a lagging indicator meaning it will be one of the last things to recover but we know that the numbers of new unemployment keep getting smaller and smaller.
So, the trend is going in the right direction, which we should all be grateful for. In addition, tax refunds are up by 10% this year thanks to Obama tax cuts for the middle class--$3,000 more. And who is getting those higher refunds from tax cuts? Ninety-five percent of Americans. We need to be talking more about these good things to help people realize that Obama hasn't destroyed our economy but that in fact he is slowly but surely bringing it back around.
Yet It seems that some would rather play politics than see the country move forward, and want the economy to stay stagnant to help them win elections. That's cynical, dangerous and not in the best interest of Americans.
PHOTO CREDIT: The Associated Press
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1 comment:
I'm looking for some real good gains then another big drop this Fall HBW. I can't help but think the corporate fatcats will manipulate a market slide before the November elections in an effort to help the republicans.
Come early Augsut I'll be cashing out the big gains my stocks have made. Then I'll get back in after the drop.
Of course I do all this through a Roth IRA so I don't have to pay taxes on the gains.
The tea baggers still hate me.
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