Reality Check: Under President Obama the Economy Is Growing

Too many 'hate' Obama for no reason

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They say perception is reality; if that's true then many Americans need a reality check.

Let's take the guy who wrote a book (and I say that very lightly) about the president and how much he knows on the economy—it's 200 blank pages. Cute. Actually, it's stupid. Anyone who would purchase a book that is empty, regardless of who is in the White House is an idiot, especially in rough economic times. I've got a pad with paper and lines on it—how much do you think I could get for it?

[Check out 2011: The Year in Cartoons.]

The guy who wrote it is from Chattanooga, Tenn. and he says in his area, there is a great "hatred" for President Obama. Hatred!?! Now please understand. I reserve the word hate for people like Adolf Hitler, Saddam Hussein, or Osama bin Laden (who is dead by the way at the command of the guy who is so hated). It sounds more like they "hate" his political party or maybe even his skin color.

Let's look at the reality rather than people's perception. True, unemployment is higher than it was when the president took office, but it fell sharply in December, from 9 percent to 8.6 percent. The economy is growing. We're not in a recession. The stimulus added jobs to U.S. payrolls.

According to the Congressional Budget Office, the stimulus added up to 3.6 million jobs by the third quarter of 2010 and up to 2.4 million jobs in the third quarter of 2011.

[See Mort Zuckerman's 5 Sure-Fire Ways to Boost Jobs]

The Dow Jones is up more than 50 percent since the president took office and albeit slowly, the gross domestic product is consistently in an upward growth mode.

So, you might "hate" the president because you think he has ruined the economy, and things are only getting worse; but you' d be wrong. Things are getting better, just slowly, very slowly. And remember, the tortoise did beat the hare!

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