Has it ever occurred to you that this should have happened months or years ago? How'd all that extra unnecessary financial years of pain feel? Libs always delay everything.
(False. Because of the housing crisis and financial meltdown of 2008, the U.S. consumer had to deleverage from the largest debt overhang in more than half a century)
Let's put this growth in perspective.
The American worker is not experiencing this growth in his paycheck nor his benefits. Remember: the point of globalization was to protect and expand profit margins by shifting production to China or the 3rd world where iPads could be made for pennies by oppressed workers living beneath dictators. Wages are not coming back as long as the U.S. worker has to compete with sweatshop labor. For this reason, the fruits of economic growth will always go to the wealthy suppliers, the bailout class, the ones who fund our elections and own our political machinery - the ones who pay talk radio to distract the serfs with nationalism, patriotism, religion and fear over terrorism, gays and socialists as they loot the treasury.
One reason why the average Joe has a little extra cash at this specific time is because of low energy costs. Low energy costs increase purchasing power, which allows businesses to temporarily add jobs, which restarts the whole credit-frankenstein whereby the banks feel more confident and are able to help the average Joe go further into debt so he can buy things that used to be made possible with higher wages and benefits.
In other words, the growth is a tad hollow, and will remain hollow until you do the impossible: raise wages & benefits or figure out some way to boost the purchasing power of the non-wealthy in the aggregate (with a lower cost of living). This isn't going to happen as long as our great & noble capitalists are so deeply partnered with freedom-hating regimes who supply them with cheap labor.
Remember: one of the primary goals of Reaganomics was to give our great & noble capitalists lower operating costs. This was achieved partly by cutting a huge portion of the middle and lower class labor force out of economic growth (by, again, moving production to freedom-hating hell holes in Asia and the 3rd world - and only shipping jobs back to the U.S. which underbid the oppressed Chinese labor force).
Yes, the Obama economy is going to make the Bush economy look like a sad joke. History will record Obama as adding more than 10x as many jobs and lowering the deficit at a much higher rate than W. (Obama is on pace to eclipse Reagan's job growth, but again, if you listen to rightwing media, you are manipulated into believing that world has come to an end. The rightwing media exercises Soviet-level control over the opinions of its subjects. This is why it took years for people to realize that Reagan increased U.S. debt levels over 3x more than Carter. This information is available to anybody who does even casual research - but, the goal of talk radio, is to prevent even the possibility that a rightwing news consumer will wander into "enemy territory" for information).
So yes, the Obama economy is the best we've had in years. But, unfortunately, real genuine growth will not happen until the U.S. figures out how to integrate a larger number of Americans into the fruits of economic growth. This kind of thing can't happen as long as our largest suppliers (like Walmart) remain so deeply partnered with communist China and the GOP-Movement Conservatism media bullhorn (which gives them the power to distract the serfs with the usual parade of demons).
