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Experts Agree, President Obama’s Policies Have Helped The Economy

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During the past two years, President Obama has enacted sweeping measures that reach all sectors of America’s economy – policies that jump-start job creation, cut taxes for small businesses, and reform industries crucial to America’s stability. The experts agree – and here’s what they’re saying:

Dow Jones: “US Companies To Hire More As Economic Optimism Grows-NABE Survey.” “U.S. companies plan to hire more workers in the coming months amid growing optimism over the economy, a quarterly survey released Monday showed, providing further evidence that the jobs market is turning around. In the fourth-quarter poll of 84 companies by the National Association for Business Economics found 42% of companies interviewed, ranging from manufacturing to finance, expect to boost jobs in the six months ahead. That's up from 29% in the first three months of 2010. Only 7% in the latest survey predict they will shed jobs in the coming six months, down from 23% at the start of last year.” [Dow Jones, 1/24/11]

USA Today: “Economists Forecast U.S. Growth On Upswing In 2011.” “Economists are more optimistic about the recovery than they were just a few months ago, significantly upgrading their forecasts for 2011 as consumers open their wallets. When asked to predict, nine of 10 economists said they're more optimistic than three months ago, according to a USA TODAY survey of 46 economists conducted Jan. 13-19. … They expect the economy to grow at an annual rate of 3.2% to 3.4% each quarter this year. That's up from quarterly median forecasts of 2.5% to 3.3% in an October survey.” [USA Today, 1/24/11]

Economist Mark Zandi: “This Growth Is Now Becoming Self-Reinforcing. Businesses Are Going To Take Their Stronger Sales And Begin To Hire More Aggressively.” "This growth is now becoming self-reinforcing," says Mark Zandi, chief economist of Moody's Analytics. "Businesses are going to take their stronger sales and begin to hire more aggressively, generate more income, and we're off and running." [USA Today, 1/24/11]

Standard & Poor’s Chief Economist Said That The Corporations Are Feeling More Confident In The Recovery’s Durability And That It Will Prompt Them To Hire More. “Several economists said the brighter outlook is largely a response to a recent flurry of positive reports. Car and truck sales rose 11.1% last month from the year-ago period. Holiday retail sales appear to have jumped 5%, their best showing since 2005. Factory output is rising. Even the sluggish housing market has picked up. Chris Varvares, president of Macroeconomic Advisers, says the recent stock market rally has restored much household wealth. ‘That's allowing consumer spending to strengthen,’ he says. Americans are also loosening their purse strings, he says, as a more stable job market makes them less nervous about layoffs. At the same time, cash-rich U.S. corporations are feeling more confident in the recovery's durability. That will prompt them to hire more, says David Wyss, chief economist at Standard & Poor's.” [USA Today, 1/24/11]

Miller Tabak + Co. Chief Economist Dan Greenhaus: “If Obama Was A Republican, We Would Hear A Never-Ending Drumbeat Of News Stories About Markets Voting In Favor Of The President.” “The Standard & Poor's 500-stock index is up more than 74% from its recessionary low in March 2009. Corporate bonds have been rallying for a year. Commodity prices have surged. International currency markets have been bullish on the dollar for months, raising it by almost 10% since Nov. 25 against a basket of six major currencies. Housing prices have stabilized. Mortgage rates are low. ‘We've had a phenomenal run in asset classes across the board,’ says Dan Greenhaus, chief economic strategist for Miller Tabak + Co., an institutional trading firm in New York. ‘If Obama was a Republican, we would hear a never-ending drumbeat of news stories about markets voting in favor of the President.’” [Business Week, 4/8/10]

Boeing CEO: “There Is More Business Confidence Out There. This Administration Deserves Significant Credit.” “The U.S. manufacturing sector has expanded for eight straight months, the Business Roundtable's measure of CEO optimism reached its highest level since early 2006, and in March the economy added 162,000 jobs—more than it had during any month in the past three years. ‘There is more business confidence out there,’ says Boeing (BA) CEO Jim McNerney. ‘This Administration deserves significant credit.’” [Business Week, 4/8/10]