CAP en EspaƱol
Small CAP Banner

Obama's Economy Is Driving Well, Considering the Hand Brake Is On

    PRINT:
  • print icon
  • SHARE:
  • Facebook icon
  • Twitter icon
  • Share on Google+
  • Email icon

The fact that the US economy is in recovery, even modestly, is something of a miracle given the number of factors working against it. This is absolutely unique in American economic history: a recovery without the housing market expanding substantially; a recovery with state and local government employment shrinking for three years in a row; and a recovery with households owing, on average, well over 100 percent of their after-tax income in debt.

Yet even with all three of these factors dogging us, we have avoided slipping back into recession.

Read more here.

This article was originally published in Christian Science Monitor.

To speak with our experts on this topic, please contact:

Print: Allison Preiss (economy, education, poverty)
202.478.6331 or apreiss@americanprogress.org

Print: Tom Caiazza (foreign policy, health care, energy and environment, LGBT issues, gun-violence prevention)
202.481.7141 or tcaiazza@americanprogress.org

Print: Chelsea Kiene (women's issues, Legal Progress, Half in Ten Education Fund)
202.478.5328 or ckiene@americanprogress.org

Spanish-language and ethnic media: Tanya Arditi
202.741.6258 or tarditi@americanprogress.org

TV: Rachel Rosen
202.483.2675 or rrosen@americanprogress.org

Radio: Chelsea Kiene
202.478.5328 or ckiene@americanprogress.org