THE RESET: Debt, stocks both up in 1st Obama term

Published on NewsOK Modified: January 18, 2013 at 3:26 pm •  Published: January 18, 2013
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The economy grew only about 2 percent in 2012 and isn't projected to rise much above that for the next few years.

Unemployment is 7.8 percent — right where it was in January 2009, but down from a high of 10 percent in October 2009. It's likely to be years before job growth returns to pre-recession levels of 5-6 percent.

Real median household income is down, Americans living below the poverty line up.

Obama calls his second-term Inauguration a reminder that much more needs to be done to heal the economy.

"It's also a reminder for me that this country has gone through some very tough times before," he said in a new video from the Presidential Inaugural Committee. "But we always come out on the other side."

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Follow Tom Raum on Twitter: http://www.twitter.com/tomraum

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