Skip to comments.Obama's "Recovery" The WORST Since 1882
Posted on 10/15/2012 7:44:21 AM PDT by whitedog57
According to Stanford economist John Taylor, the current economic recovery is the slowest since 1882. Economic growth is generally strong following recessions, but not this time around.
According to Taylor, Growth was nearly 4 times stronger on average in the past recoveries. The only recovery in this list in which growth was as weak as this one followed the 1990-91 recession, but that was from a very shallow recession with output declining only 1.1%, so growth did not need to get very high to catch up.
In addition to looking at economic growth rates (which we know have been lackluster following the most recent recession), we can see other indicators that the recent recovery has been dismal.
Hmm. Rising taxes, declining salary and wages, over $1 million per taxpayer for unfunded liabilities. Hey, can we try something different? Like lower taxes and greater economic growth?
Lets change the question Are you better off than 4 years ago? to Are you better off than under President Chester Arthur?
Too bad President Obama and Congress spent so much time RAISING taxes (Obamacare) and regulating (Dodd-Frank) that they didn't try to help businesses create jobs.
(Excerpt) Read more at confoundedinterest.wordpress.com ...
It’s no surprise that the least prepared president in ten generations has supervised the worst recovery 130 years.
Recoveries don’t happen as a result of government programs and spending but in spite of. Recovery and growth happens because Americans work, invest, invent, produce, create, save, borrow, lend, etc. Government just gets in the way and hampers our efforts. D.C. needs get out of the way. Less spending, regulation and taxation.
How about that, ozero has set another record.
Recovery?!! How can you all anything we’ve seen anywhere near a recovery. People are having to rob their savings just to pay the bills because of all the hyper inflation though you will never see anything come from the Obama administration that reflects anything near what we are actually experiencing.
The economy would recover BUT FOR the current Occupancy in the White House doing everything he can to kill it off...
Quick -— someone tell Michelle.
There is always more meaningful, more economically beneficial investment that goes on in an economy when the government robs less from the people instead of taking more from the people and calling the purpose of that theft government “investment”.
I guess I forgot to add the sarcasm tag there.
This “recovery” his media speaks of is nothing but cover for his failures.
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