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Sunday, November 1, 2009

It Is This And It is That.

Economy is recovering , says Obama.
The stimulus package of $787 billion has bailed out the economy from a recession.
The implementation of tax-cuts has also helped the gain in economy.
There is 3.5% growth in GDP.



Unemployment is yet to be targetted.Obama's administration proudly puts forward that it has created 650,000 jobs this year.
Unemployment topped 10% in October as against 9.8% in September.A contradictory statistics,gets us into a confused melange.
Obama is not upbeat about this issue.
He fumbles with his hands , as every maid does , when they are caught unaware of the mess they make while doing the household chores.
He retorts saying that the previous government is responsible for the economic fall and employment trouble.


Obama takes credit for the goodnews,and tries to shift responsibilty or the bad news to his predecessors. The economy itself is in a dilemma. It is convalescing. It will not drop dead. But may slip to coma, if not taken care off properly.


It is a recovery here and a setback there.
The two eventualities , progresson one side, retrogration on the other have a tug of war
between them .
The result is eagerly awaited.

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