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Fixing the Economy

Fixing the Economy

Believe it or not, there’s one aspect of Barack Obama’s ascendance to the White House that’s rarely noted. He is one of a few Americans who entered 2009 looking forward to a bigger home and a higher-paying job. Little more than a week before Barack Obama took office, the Labor Department reported that the unemployment rate had risen to 7.2% in December, its highest level in 16 years. And that was just the beginning.

Credit Where It’s Due

When Jeremy Treadwell needed a car loan, the recent college graduate turned to the financial institution where he’d been banking for nearly seven years. “But they turned me down,” says the 23-year-old, “because I didn’t have any credit history.” Treadwell, who lives in Peoria, Illinois, noticed signs around town for Citizens Equity First Credit Union. Says Treadwell: “I got a great rate. But then I noticed their other services. Now I do almost all my banking there: checking, savings, credit card, and, of course, my car loan.”

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