It's Official: Worst. Recovery. EVER

Discussion in 'Economy' started by SniperFire, Jan 24, 2013.

  1. SniperFire
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    SniperFire Senior Member

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    'If there was any debate whether the Fed's policies have helped the economy or just the market (and specifically the Bernanke-targeted Russell 2000), the following two charts will end any and all debate. As the following chart from the St Louis Fed shows, as of the just completed quarter, US GDP "growth" since the "recovery" is now the worst in US history, having just dipped below the heretofore lowest on record.'

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    It's Official: Worst. Recovery. EVER | Zero Hedge


    There is Epic Suck, and then there is ..... Obama.

    Elections have consequences. Vote responsibly next time, peeps.
     
  2. jwoodie
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    jwoodie Gold Member Supporting Member

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    Recovery? What recovery? We have deliberately understated our true unemployment and inflation rates, and papered them over with artificially low interest rates. We can't borrow our way into real prosperity.
     
  3. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Don't need a chart to show how bad its been. Its funny though how the massive profits of wallstreet were demonized under Bush and now the profits are proof Obama is doing the right thing.
     
  4. LoneLaugher
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    LoneLaugher Diamond Member

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    Fewest number of first time jobless claims in 5 years announced this morning. Good news ladies and gentlemen. Celebrate the good news.
     
  5. SniperFire
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    SniperFire Senior Member

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    This has been tracking along as the Worst Recovery in the post WW2 era for a couple of years now.

    The bottom has now officially fallen out of the Obama economy, and all the media and focus will of course be on ...... other things.
     
  6. SniperFire
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    SniperFire Senior Member

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    Sure. When you California, Hawaii, etc. don't report accurately.

    LOL
     
  7. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Oh no, everything's fine.... everyone from the McDonald worker to upper level management's taxes were raised and women can now serve in combat roles!
     
  8. TNHarley
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    TNHarley Diamond Member

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    Recovery? What the hell does that mean?
     
  9. Mac1958
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    Mac1958 Diamond Member

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    .

    And the American people still voted Obama back in, they still gave the Dems Senate seats, and they still gave the Dems House seats. Wow, go figure. Perhaps they just weren't convinced that the Republicans can be trusted in their current incarnation, maybe?

    Perhaps they also know what most of the rest of us know, that this wasn't just another recession.

    .
     
  10. WillowTree
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    WillowTree Diamond Member

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    Hush honey willya? It's what America voted for and therefore it's what she deserves. Kerry On.
     

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