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US economic recovery

Unemployment rate under President Barack Obama

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Gas prices creeping towards $4.00 a gallon

by an Unemployed White Male on March 12, 2012

in Business & Economy,Recession

NEW YORK (CNNMoney) — The national average price for a gallon of gasoline rose above the $3.80 mark Monday, resuming the advance that has plagued drivers throughout the winter.

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NEW YORK (CNNMoney) — Newt Gingrich’s economic plan would do a lot of things. But reducing the debt and balancing the federal budget aren’t among them.

Same goes for Rick Santorum’s and Mitt Romney’s economic plans.

Indeed, a preliminary analysis by the independent Committee for a Responsible Federal Budget released Thursday estimates that the three candidates’ plans could add between $250 billion and $7 trillion of debt over the next nine years.

Read more at CNNMoney.com.

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State and local jobs take a beating in 2011

January 23, 2012

EW YORK (CNNMoney) — Nearly 250,000 state and local government employees lost their jobs in 2011, with the ax falling particularly hard on public school teachers. And the bleeding is likely to continue in 2012, experts say. < More >

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More tough times ahead? Gas prices may reach $5 in some places

January 19, 2012

NEW YORK (CNNMoney) — The new year has greeted Americans with the highest January gas prices ever, and some analysts say prices could get close to $5 a gallon in some areas during the warm-weather driving season. The average price for a gallon of regular unleaded gasoline in the United States on Monday was $3.39, [...]

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Survey of top economists give Obama only a ‘fair’ rating in handling the economy

January 2, 2012

From the New York Daily News: Turns out, economists live in the same America as the rest of us. The Associated Press surveyed 36 top experts on money and markets from across the political spectrum last week. They rendered a familiar verdict on President Obama’s approach to restoring America to prosperity. Just half of the [...]

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Unhappy New Year? Economy still number one worry for Americans in new CNN poll

December 23, 2011

(CNN) -The economy is the top concern for Americans, according to a new CNN/ORC International poll released Friday, and half name unemployment as the most important issue related to the economy. With just three in ten saying things are going well in the country today and 70% saying they are going badly, economic issues are [...]

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