Digital News Report- The sinking economy has taken its toll on the average American not only financially, but mentally and physically as well. According to Dr. Michael Kane, a psychiatrist and medical professional, “the daily dose of bad news, loss of retirement resources and the general fear of losing a job or income has people on edge.” His practice in Bloomington, Indiana has seen an increase in people worried about their health and suffering from stress related issues such as drinking more alcohol and exercising less.
The Stock Market hit its’ lowest point in over 12 years last Thursday, but by today there was marked improvement which allowed many investors to sigh in relief. This marks the best day on the stock market in over three months and many are hoping that this will be the beginning of an upswing in the market. In an attempt to correct the market, President Obama passed the American Recovery and Reinvestment Act of 2009.
A survey released by MerchantCircle compiled from 785 local business owners in California show that more than 76% of business owners say they have seen a “moderate” to “severe” decline in sales and revenue from the same point last year. Only 3% of business owners believe the stimulus bill proposed by the Obama administration does enough for small business owners, while 64% say the plan does not.
“Clearly the messages of hope and recovery are not resonating with local businesses. Part of that may lie in the fact that the administration has not done enough to explain the impact and benefits,” said Darren Waddell, Vice President of MerchantCircle, “[And] 33% of business owners say they don’t know enough about the stimulus.”
On February 27th, thousands of people began protesting the direction that the Obama Administration is taking to fix the economy. “I’m sick and tired of it,” protestor Barbara Keeton told WYFF4.com. “The debt that Obama’s got, is way higher now, less than 100 days after he’s been in office.”
However, many experts agree that regardless of how the stimulus package works, a positive attitude can go a long way in helping the economy recover. Stay positive, keep spending, and don’t give up on your exercise regiment.
As per Obama’s spending – Bush added over $10 trillion to the debt in his last quarter year in office. Did Barbara Keeton forget about that?
As per Obama’s spending – Bush added over $10 trillion to the debt in his last quarter year in office. Did Barbara Keeton forget about that?
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