bitterlyclingin
Silver Member
- Aug 4, 2011
- 3,122
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"Currently the economic malaise the U.S. is suffering is being misdiagnosed by the governments economists. The slack demand in the economy and persistently high unemployment levels have been called a soft patch by some and a recession by others. Experience teaches that a true recession is a temporary decline followed by a reasonably brisk return to normal conditions. What were seeing instead is four-year period of economic weakness with no return to normal. To that end, the economic spin doctors insist on calling this the new normal when in actuality these conditions are abnormal.
The current economic malaise can best be described as a depression. A depression is essentially a period of several years in which economic performance is below normal and unemployment remains stubbornly above the average. But the word depression is a politically unpalatable word. Its much more soothing to the ear to use terms like soft patch or Great Recession. No one has the guts to use the cold, harsh D word, but it would be more helpful for most Americans if they were informed that a New Great Depression is underway. This condition is being brought to us courtesy of the 120-year cycle decline, which still has a few more years to run."
Economists Refuse to Recognize the New Great Depression - Seeking Alpha
("Obama has not been a failure at his job. His job has been the failure of the United States"
Last month the Government promulgated 600 new regulations. Trying to run a business under an onslaught such as that was like trying to sunbathe on the beach in Pooket, Thailand the day after Christmas, 2004)
The current economic malaise can best be described as a depression. A depression is essentially a period of several years in which economic performance is below normal and unemployment remains stubbornly above the average. But the word depression is a politically unpalatable word. Its much more soothing to the ear to use terms like soft patch or Great Recession. No one has the guts to use the cold, harsh D word, but it would be more helpful for most Americans if they were informed that a New Great Depression is underway. This condition is being brought to us courtesy of the 120-year cycle decline, which still has a few more years to run."
Economists Refuse to Recognize the New Great Depression - Seeking Alpha
("Obama has not been a failure at his job. His job has been the failure of the United States"
Last month the Government promulgated 600 new regulations. Trying to run a business under an onslaught such as that was like trying to sunbathe on the beach in Pooket, Thailand the day after Christmas, 2004)