Obama Economic Policies Succeed In Spite of What the Right Says

To hear the right wing radicals tell the story, President Obama has been an utter failure. But the facts don't back them up. GDP is up, job losses are down. Unemployment is still unacceptably high, but employment always lags a recovery. So, it sounds to me like the only thing that is failing is the ability of the conservatives to tell the truth.

GM is stating they are paying back the $6.7 billion the taxpayers loaned them. The banking industry is paying back their bailouts.

That sounds like success to me. One bump in the road, President Obama is expected to announce a spending freeze tonight in the State of the Union. This is bad economic policy, in my opinion. This is what Herbert Hoover did and it lead to the Great Depression. I'm hoping all the criticism on this makes President Obama reverses course on the spending freeze.

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Strong Evidence the Stimulus Bill is Working

Right wingers have been touting for months that the $787 billion stimulus bill that was passed withing days of the President taking office hasn't worked. Well, guess what, they're wrong. This report by ABC News has some doubters that have changed their minds and are now convinced the President and the Democratic Congress did the right thing by passing the stimulus bill.