The Recession Is Over, Even If Few 'Feel' It

September 22, 2010 RSS Feed Print
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Velma Hart shocked those on the left and was applauded by those on the right when she stated to the president at a town hall meeting: “I’ve been told that I voted for a man who said he’s going to change things in a meaningful way for the middle class. I’m one of those people, and I’m waiting, sir … I’m waiting, but I don’t feel it yet.”

Feelings. Sorry, I’m hearing that song by Jim Croce in my head right now.

Feelings are not facts. Feelings are not based on facts. And Velma Hart is not alone.

Despite the fact that the recession ended in June 2009, despite the fact that new home construction is up over 10 percent, and despite the fact that unemployment has not risen and foreclosures have decreased; Americans still feel that things are bad.

[Read more about unemployment.]

I have often said on the Fox News Channel, where I am a contributor: It took me 10 months to have a baby and 2 years to lose the weight. You can’t fix an economy in 18 months that took 10 years to create.

What I felt Velma was saying is what I hear Americans saying on my radio show and on blogs such as this: I don’t “feel” the economy is improving. Wall Street shows that it is. Economists say that it is. What does America need to “feel” that it is?

Our perception is our reality. Whether it’s the right-wing media (yes, I actually said that) reporting this financial doom and gloom, the reality is the recession is over--we turned a corner. It’s not as fast as we’d like, but we’re on our way. The reality is that nearly 10 percent of people don’t have jobs, but nearly 90 percent do have jobs. Although we have thousands who have lost their homes, we have millions still in their homes.

Velma reminded me of many Americans who look to the president as a child looks to their parent: “Daddy, are we there yet?” and Daddy tells us, “not yet sweetheart.”

President Obama isn’t our Daddy America. He can’t give you, me, or Velma the date and time the economy will “feel” better for any of us. As our president, not our daddy, he has always told us that this road to recovery is long, painful, and will have setbacks. That I think we can all agree is true.

Tags:
recession,
Fox News,
housing market,
mortgages,
economy,
unemployment,
Barack Obama

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Not worth it...no body's home.

Chris Petty of GA 11:48PM October 28, 2010

What Daddy Obama and lesser democrat stimulator minions have given us is trillions in new federal debt. That is what everyone 'feels', as an ominous, looming, ticking time bomb, always in the background. All that new federal debt carries specific payback terms. Time waits for no man, and payback of all that new federal debt will not wait for a gangbuster economy. Particularly ominous is all that new federal debt was issued at an unprecedented low interest rate, so new-new federal debt cannot be issued down the road at a lower interest rate to refinance the old-new federal debt.

Across the world centrally-planned economies as run by central elites have bitten the dust. Now finally, starting in November, we are going to dump our version, and the 'progressive' self-serving elites who banged that drum.

The gig is up with President Vietnam Carter Obama. He's a guy who invites you out to dinner, to 'help' you out. Then pays for yours and his dinner with your credit card. End result, he gets a free meal and you get the bill.

And Velma Hart didn't just resonate with the right, she was in perfect pitch with the middle.

dom youngross of OH 2:34PM September 25, 2010

Politicians do not make the economy. It is people! As the Beatles invigorated the British economy in the sixties with the global patronage of their music, so will people with new ideas, products and services will reinvigorate the global economy.

But right now people are kept from moving with high fuel prices justified by the perception that peak oil is near. This is nowhere from the truth. The BP oil spill have showed just how much more oil there is in the planet. The BP incident got the world worried over the unexpected flow of some 20,000 bopd from just one well.

If they really want the ending of the recession to be felt by all, they should bring down the prices of oil. Government stimulus is limited. Stimulus coming from low prices of oil will have a better impact.

Gabriel Atega of CA 10:28AM September 23, 2010

Leslie Marshall

Leslie Marshall

Leslie Marshall is a nationally syndicated radio host heard nationwide weekdays from 7-10pm Eastern time on radio and streamed live at www.lesliemarshallshow.com. Leslie is also a Fox News contributor seen weekly on The O'Reilly Factor, America Live, monthly on Hannity and she sits in for Bob Beckel as one of the co hosts on The Five. She lives in Los Angeles.

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