Obamanomics works!
Obamanomics works!
From the chart, it’s looking like maybe another 3 to 5 years.
Some structural changes must account for that, but I have no idea what they are except possibly for bigger, heavier gov't boot on the throat of the private sector and a much larger public sector.
An engineer friend who came to this country as a refuge in the late sixties told me; “The economy was on fire. I had three job offers in a week. This was truly the land of opportunity. Now, you can clearly see how the government has killed the economy. They’ve regulated and sued and taxed until businesses have run overseas to escape.”
Dicktator extraordinaire.
Also not where “The Worst Economy in the Last 50 Years” stands. That one is the 1990 recession, which is the black line.
For those who don’t remember (or are too young), Clinton used that phrase in 1992 to throw Bush-41 out of office. It was a lie, of course (as seen on the chart), but the media had no interest in getting to the truth.
Notice how many times within a few meaningless sentences the words, ‘recovery’ or ‘pace of recovery’ are said.
Well, since there isn’t a recovery at all, it’s just propaganda to get people to believe there is some kind of recovery going on..
No, it’s not recovery going on, it’s the Obama wreckovery.
This chart starkly illustrates that the economic policies promulgated by the Democrat/Marxist/Progressive/Socialist/Obammunist ideologists are working quite well for them, promoting their stated and desired goal of “shared sacrifice” for we, their subjects, rather than shared prosperity. For those who actually live on that lower graph line, however, their job-killing policies are an abject failure and cause for soul-destroying misery.
Hockey Stick unemployment!! Start the meme!
At the risk of sounding like a broken record:
There should be more talk about MARGIN.
The cost of marginal effort continues to mount - regulations, taxes, lawsuits, and all other kinds of uncertainty.
This limits growth on the hiring side of the equation.
On the working-man’s side of the equation, the marginal benefits of working are shrinking - look at how many millions of people collect all kinds of goodies from the government. Obviously we want to help the old, infirm, etc. But we pay (via entitlements) way too many people to do nothing.