The Worst Economic Recovery Since the Great Depression

Freewill

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Oct 26, 2011
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Imagine the opportunity Obama had. If we were to believe him and this was the worse recession since the great depression. It wasn't but let's pretend. Then that gives him the greatest opportunity to look great. Historically that is what has happened. The greater the recession the greater the recovery. Not so much now. Obama did everything he wanted and look where we are. He went from a chance to be the greatest to being a dud.

The Worst Economic Recovery Since the Great Depression

The American Spectator : The Worst Economic Recovery Since the Great Depression

The American historical record is that the worse the recession the stronger the recovery, as traditional, long-term, American prosperity has always been restored.
 
Granny says it was better after the Depression `cause FDR was President...
:eusa_eh:
U.S. economic recovery worst since World War II
August 16, 2012 - Deeply divided U.S. political system has delivered growth-chilling uncertainty
WASHINGTON - The recession that ended three years ago this summer has been followed by the feeblest economic recovery since the Great Depression. Since World War II, 10 U.S. recessions have been followed by a recovery that lasted at least three years. An Associated Press analysis shows that by just about any measure, the one that began in June 2009 is the weakest. The ugliness goes well beyond unemployment, which at 8.3 percent is the highest this long after a recession ended. Economic growth has never been weaker in a postwar recovery. Consumer spending has never been so slack. Only once has job growth been slower.

More than in any other post-World War II recovery, people who have jobs are hurting: Their paychecks have fallen behind inflation. Many economists say the agonizing recovery from the Great Recession, which began in December 2007 and ended in June 2009, is the predictable consequence of a housing bust and a grave financial crisis. Credit, the fuel that powers economies, evaporated after Lehman Brothers collapsed in September 2008. And a 30 percent drop in housing prices erased trillions in home equity and brought construction to a near-standstill. So any recovery was destined to be a slog. "A housing collapse is very different from a stock market bubble and crash," says Nobel Prize-winning economist Peter Diamond of the Massachusetts Institute of Technology. "It affects so many people. It only corrects very slowly."

The U.S. economy has other problems, too. Europe's troubles have undermined consumer and business confidence on both sides of the Atlantic. And the deeply divided U.S. political system has delivered growth-chilling uncertainty. The AP compared nine economic recoveries since the end of World War II that lasted at least three years. A 10th recovery that ran from 1945 to 1948 was not included because the statistics from that period aren't comprehensive, although the available data show that hiring was robust. There were two short-lived recoveries - 24 months and 12 months - after the recessions of 1957-58 and 1980.

Source
 
Fact: Obama says this was the worse since the great depression, truth, it WAS not.
Fact: Obama said that GM has come roaring back, truth, it has not.
Fact: This is the longest and weakest recovery in history.
 
Ever heard the story of the three little pigs? Guy with straw was the fastest house builder there was. You should read to your kids more. Many lessons of life in there.
 
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Most voters assign blame to the President regardless. The President is doing a great job of explaining the tactics of the GOP though.
 
Our history in this century seems to be Republicans take office hold it long enough to make the rich a little wealthier and in the process start a depression/recession. Then the Democrats are elected to try and clean up the mess while the Republcians stand on the sideline waving their new tax plan chanting, is it clean yet. Of course those Americans that do not become rich are labeled as lazy and slothful. The problem this time, however, seems to be the people elected a Republican House before the mess was cleaned up and the Republicans couldn't help themselves from trying to get their new make everybody rich tax plan installed.
 

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