Unemployment is lower in America than nearly every European country.
Our deficit is continuing to shrink & gas prices have plummeted.
The economy's doing pretty well under Obama. I'd give him a solid B+ on the economy.
If humans lacked the capacity to forecast more than 5 minutes into the future, I'd concur. In reality, Obama is shifting deficits onto his successor, much like Clinton, who started the trend of denying CBO requests for SS and MED reform.
First, Obama does support SS/MED reform. GOP intransigence regarding the "No New Taxes" pledge as well as stubbornness in the far left of the Democratic party is blocking proposals like Simpson-Bowles from coming to fruition.
Second, the deficit is declining considerably as a % of GDP and likely will continue to do so.
I think things are going OK as they are.
