Obama 2.0 and the World
Obama won reelection despite a high unemployment rate, declining average incomes and skyrocketing government debt because voters blamed his predecessor for the economic problems and didn't trust his opponent, Mitt Romney.
Even though the economy has improved somewhat in the past three years, the United States' situation remains dire: the poverty rate is at a historic high of 15 percent; middle class income is back to the 1995 level and wealth to 1983; the unemployed who find jobs end up with significantly lower pay than at their prior employment; and the combined local and federal government deficit at 9.5 percent of GDP and debt stock at 120 percent of GDP.
- Lianghui Roundup: March 6
- Gov't Plans Budget Deficit of 1.62 Tln Yuan, Finance Ministry Says
- Why Gov't May Be Shifting Stance on Family Planning
- Taking Aim
- That's a Wrap
- NPC to Get Proposals for Clearing up Way Laws Are Enacted
- Speculation on CDIC Article about Corrupt Prince 'Ridiculous'
- Liem Sioe Liong's Salim Group: The Business Pillar of Suharto's Indonesia
- Paint by Numbers: China's Art Factory from Mao to Now
- Gov't Making Little Progress Cutting Links with 'Social Groups,' Report Says
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- China's Factories Are Building a Robot Nation
- Can Market Mechanisms Clear China's Bad Air?
- Minsheng Tries Weathering a Maelstrom
- HR Head of Alcatel-Shanghai Bell 'Found Dead in Shanghai River'
- Three Private Shipping Companies Run into Financial Troubles
- Closer Look: Local Officials Have Little Love for National Hukou Reform
- Media Watch: Former Star Reporter Causes Stir with Smog Documentary
- State Patronage Divides Confucian Intellectuals
- Tourism Tensions Have HK Mulling Limits on Visitor Numbers
- Taiwan Gov't Tells Alibaba to Withdraw an Investment from Island