Skip to comments.Recession has been over for 17 months now...why is the economy so slow?
Posted on 12/08/2010 6:02:35 PM PST by ssugasl231
According to NBER.orgthe National Bureau of Economic Research, the recession officially ended June, 2009.
Yet unemployment just went UP to 9.8%.
So we are not in recession folks; we have been out of it since mid-2009. What is keeping unemployment so HIGH?
(Excerpt) Read more at libradex.com ...
Because we’re downshifting from capitalism to communism? That’s about all I can come up with that may be causing it.
I think I remember reading that the only reason the GDP is above recession levels is that government spending is counted as part of the GDP. In other words...it’s not over.
Because the depression started after the recession ended.
no inflation either.
Inside the Beltway, all is joy and rapture.
We are marching to Buchenwald.
Somewhat, I think you’re right. As the article states, Obamacare has a lot to do with it with increased costs.
Those costs weigh heavily on business decisions, as well as a lack of faith in Obama to handle things according to the law (e.g. GM takeover/stiffing the bondholders).
it isn’t over just because obamanation says it’s over. he is a proven liar to the American people.
Writing is on the wall for Obama/2012.
If unemployment doesn’t go below 8%, he’s done, no matter who GOP runs.
I believe part of the problem is uncertainty in the market place brought on my the lack of direction in the gov on everything from taxes to health care. Setting a direction and going whether right or wrong would be better that what we have now. Nobody can predict anything with obama going back and forth and the dems and demlites, er, rhino repubs running us into the ground. The incoming repubs have 3-6 months at best to right this mess or we are screwed for a long time.
Problem is this ain’t the 1930s; FDR couldn’t exist today.
...and the Left says the Right is out of new ideas. LOL.
The numbers are BS. I drive around and see places for sale and for rent that haven't been unoccupied during my 38 years here. I know people I used to work with who are out of work and have no hope of getting another job. The mall parking lots look like they do in June. All but one of the of the businesses that I've done work for in NJ exist anymore. It's just great out there.
Like the sign in the tavern says: “Free Beer Tomorrow”
And it ain't gittn' prettier
zer0 drove it back into the ditch
Yeah. There used to be some big players in the Jackson Michigan area. They’re long gone and lots of other jobs have evaporated in the last couple of years.
It’s just kicking in...
I’ve got a hunch that GM will post a significant increase in Escalade sales in coming months.
Higher taxes and higher healthcare costs. Less
disposable income, less demand for products.
It’s not that hard to figure out.
I could not have charted a more confidence-destroying route out of recession than the course we have taken under the current regime. Healthcare we can’t afford and don’t want. Bailouts that should have been chapter 7 or 11 bankruptcy in which bond holders were shafted, threats of carbon taxing, extra-legal regulations concerning greenhouse gas emissions, feinting toward amnesty for millions of illegals, clamping down on energy exploration, etc.
What leadership and inspiration! We’d have been on the road out of this by now had conservatives held the reins of power.
The media and this administration are a bunch of bold faced liars. People are hurting, the economy stinks and hasn’t gotten any better. They are trying to talk up the greatest modern depression.
Technically, we’re not in recession. The economy is just very weak, and for a recovery it’s extremely weak.
It’s Obama’s policies which are causing this weakness.
because a moron is at the wheel.
The recession is over? That’s news to me.
We are NOT numbers. But, we are the economy.
Until there is some long term, measured in years - not months, the economy will not recover. Statements from the NBER, Congress, the MSM, and other parts of the centralized planning apparatus will be ignored.
All these announcements do is to prove the near total isolation of people living inside the beltway where numbers are more important than people. Worse, when the economy does recover any announcements from these sources will be ignored by the people because of unsupportable announcements like the one in this port.
So Sorry DC - you ain't “We the People” any more (if you ever were)!
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