During the last election cycle, President Obama was fond of comparing the economy to a car being in a ditch: “After they drove the car into the ditch, made it as difficult as possible for us to pull it back, now they want to keys back. No! You can’t drive. We don’t want to have to go back into the ditch. We just got the car out.”(From President Obama's remarks before the Democratic Congressional Campaign Committee’s fundraising dinner May 13, 2010.)
I'm not sure how Mr. Obama came to the conclusion the economy is getting better. In fact, from my viewpoint things are much worse. The unemployment rate is up. Prices of gas and food are up. And among the people I know, optimism for things getting better anytime soon is down (I don't have verifiable statistics on that one, you'll just have to take my word on it!)
I have used this metaphor to explain how I see the economy: When President Bush left office there was a fire. Barack Obama was elected to put that fire out. Instead of putting water on the fire, he has thrown gas on the fire.
Earlier this month the American public voted overwhelmingly for Republicans over Democrats in hope that we can let the fire burn down a bit... It should be easier if the Congress can keep spending down, or in other words, keep the President and the Senate from throwing more gas on the fire!
That's just my humble yet correct opinion.
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