The Economic Recovery

Wiseacre

Retired USAF Chief
Apr 8, 2011
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San Antonio, TX
So, 2% growth in the 3rd qtr. Which means for the year it's 1.7%. Which is less than 1.8% for last year, and both are less than 2.4% in 2010. So, we spent boodles of money and increased our debt by 5 trillion, and this is all we got to show for it?
 
So, 2% growth in the 3rd qtr. Which means for the year it's 1.7%. Which is less than 1.8% for last year, and both are less than 2.4% in 2010. So, we spent boodles of money and increased our debt by 5 trillion, and this is all we got to show for it?


But...but...but. The Libs said Obama is the bestest President ever.
He got Bin Laden and saved General Motors.
Free birth control and he made all the gays happy.
Isn't that enough? :D
 
Scandals won't affect country's recovery...
:cool:
Opinion: Washington's Scandals Won't Stunt US Recovery
May 16, 2013 - Scandal has visited the Obama administration, and thanks to the media narrative it's larger than the sum of its parts.
With a talking-point imbroglio after Benghazi, the IRS's discriminatory practices and the Justice Department's procurement of Associated Press phone records, the Obama administration and its allies are right to be worried. But those of us invested in U.S. growth have little reason to fret. The past few years have proved that dysfunction in Washington has almost no effect on America's attractiveness to investors. As the yields on U.S. Treasury bonds prove, America continues to be the place for investors to park their money. That's because petty politics don't control the fate of the country.

In major emerging markets, politicians have to behave to appeal to investors. In capitals like Moscow, Delhi and Pretoria, this is largely an act of optics, but it's an important one for countries trying to earn the trust of investors who see opportunity, but not necessarily stability. For further proof of developing countries' precarious position, look to Bangladesh, where a country's economy has been threatened by its politicians' negligence before, during and after the country's latest garment industry catastrophe.

92B3EFC6-5FF3-4566-871B-990132D3A4B0_w640_r1_s_cx0_cy10_cw0.jpg

An investor monitors the stock market at a securities brokerage in Taipei, Taiwan.

Things are not nearly as volatile in the United States, and they won't be even if the Obama scandals metastasize. Growth has already been moving in the right direction, and the Unites States doesn't need a pristine Obama administration to ensure that it continues. On energy, the Obama administration has wisely shifted regulation to the state level, allowing states such as Texas, Oklahoma and North Dakota to create drilling jobs even as a state such as New York wrestles with the environmental impact of fracking. This has helped control unemployment and keep energy prices down, and solidify the country's long-term energy security. Nothing about that is likely to change.

On trade, Obama has led a remarkably pro-free trade administration, despite critics who say otherwise. His administration is remaking international trade architecture away from a failed Doha round and toward transatlantic and transpacific partnerships. None of that changes, either. Finally, Congress has not actually been that dysfunctional recently - and the recent scandals should not set it back. Policy items such as immigration reform, tax reform or another debt ceiling extension are framed by congressional incentives. On immigration, it's a political win for both parties, one that has been driven by a bipartisan Senate initiative, not the White House.

MORE
 
So, 2% growth in the 3rd qtr. Which means for the year it's 1.7%. Which is less than 1.8% for last year, and both are less than 2.4% in 2010. So, we spent boodles of money and increased our debt by 5 trillion, and this is all we got to show for it?

Factor in inflation and it's worse than that.

The more gov't intervenes, the worse the recovery is. This has been the biggest intervention ergo the worst recovery in history.
Notice that all of Obama's early economic advisors are gone, replaced with also-rans and yes-men.
 
So, 2% growth in the 3rd qtr. Which means for the year it's 1.7%. Which is less than 1.8% for last year, and both are less than 2.4% in 2010. So, we spent boodles of money and increased our debt by 5 trillion, and this is all we got to show for it?

Oh we didn't SPEND boobles of money, lad, we GAVE IT TO THE BANSTERS.

FWIW they have a LOT to show for it.
 
So, 2% growth in the 3rd qtr. Which means for the year it's 1.7%. Which is less than 1.8% for last year, and both are less than 2.4% in 2010. So, we spent boodles of money and increased our debt by 5 trillion, and this is all we got to show for it?

With gas prices heading up again you might want to kiss the recovery goodbye if the stay up very darned long. Fragile recovery at best.
 
So, 2% growth in the 3rd qtr. Which means for the year it's 1.7%. Which is less than 1.8% for last year, and both are less than 2.4% in 2010. So, we spent boodles of money and increased our debt by 5 trillion, and this is all we got to show for it?

Oh we didn't SPEND boobles of money, lad, we GAVE IT TO THE BANSTERS.

FWIW they have a LOT to show for it.

I had no idea union thugs were called "bansters." Learn something new every day.
 
So, 2% growth in the 3rd qtr. Which means for the year it's 1.7%. Which is less than 1.8% for last year, and both are less than 2.4% in 2010. So, we spent boodles of money and increased our debt by 5 trillion, and this is all we got to show for it?

Oh we didn't SPEND boobles of money, lad, we GAVE IT TO THE BANSTERS.

FWIW they have a LOT to show for it.

Yep. They bought themselves a government!
 
So, 2% growth in the 3rd qtr. Which means for the year it's 1.7%. Which is less than 1.8% for last year, and both are less than 2.4% in 2010. So, we spent boodles of money and increased our debt by 5 trillion, and this is all we got to show for it?

Oh we didn't SPEND boobles of money, lad, we GAVE IT TO THE BANSTERS.

the liberal means we loaned it to the bankers and they paid it all back and it prevented a great depression.
 
So, 2% growth in the 3rd qtr. Which means for the year it's 1.7%. Which is less than 1.8% for last year, and both are less than 2.4% in 2010. So, we spent boodles of money and increased our debt by 5 trillion, and this is all we got to show for it?

And don't forget, despite putting millions on medicaid, food stamps, welfare, section 8, disability and unemployment thus discouraging them from working we still have real unemployment at 14%(u6).

Obama's unemployment rate is about double the historical norm!!
 
So, 2% growth in the 3rd qtr. Which means for the year it's 1.7%. Which is less than 1.8% for last year, and both are less than 2.4% in 2010. So, we spent boodles of money and increased our debt by 5 trillion, and this is all we got to show for it?

With gas prices heading up again you might want to kiss the recovery goodbye if the stay up very darned long. Fragile recovery at best.

Fragile?? Why, I'm sure the $85 billion a month training wheels the Fed has been printing since 2008 can be withdrawn at any time and Barry's economy will soar all by itself!!
 

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