The current economic recovery is a fraud

Fox News ^ | December 29, 2012 | Lanny Ebenstein

[central_va]

Here’s a good one, subtract FedGov™ deficit spending (10% of GDP) from the annual growth rate (< 2%) and real GDP growth is around NEGATIVE 8% !!!!!!

[pallis]

Job growth is occurring in government, which means the parasite is outgrowing the host.

[Chode]

at least GM quit making the Volt when inventory out stripped sales, i guess Dodge just keeps on cranking them out... the dealers must be having fits

[Cvengr]

I’m always amazed by those who claim to master the art of political science, who will machinate schemes to harvest more political control, but are blind to basic economic identification.

If the people would only identify a good economy from a bad one, instead of focusing on their next available paycheck, and ignoring the incredible incompetence of the ‘Liberal’ political machine, they would less painfully manage to recover economically.

In a good economy, with liberty and freedom, new industries boom with human invention and enterprise.

What new industry has arisen in the last decade? ...2 decades????

What industry is even thriving today such that any person can venture into it and naturally prosper?

Today’s democratic party controlled Government doesn’t even attempt to promote new industry, unless it’s an older idea they are seeking to extort for immediate cash.

The only method of business these people know is via extortion and racketeering. Even if they wanted to go legit, they don’t have the discipline nor wherewithal to approach establishing the basis of economic recovery, because they really don’t understand the basic principles of legitimate economics.

They have studied how to grift their way into success, but that always assumes somebody else is creating the wealth.

Now they are so accustomed to the grift, they don’t know how to operate legitimately, nor will they be satiated by that approach. IMHO, this administration is economically corrupt.

[Michael Barnes]

Anyone recall how many dealerships were shut down and it turned out most were “repbulican/conservative” owned dealerships? Tough shit for the “survivors”. They are now getting eaten by their own messiah.

[muawiyah]

The traditional hard copy press is going out of business fast. This year even the Washington Post hit the skids hard ~ Kaplan revenues were down, and they own the Post.

Then, the broadcast networks have a major problem ~ nobody watches. The cable network shows also have a major problem since TV broadcasting channel usage is way up. We used to have just 17 broadcast stations we could reach, and now we get over 50 channels from them.

There's plenty of room for folks creating new content, but there's little room for new journalists since no one is going to pay them.

[Chode]

tell me about it... my local Chevy/Pontiac dealer got shut down because, in his own words, "I was of the wrong political persuasion..."

[Michael Barnes]

I believe it completely. A dealership I purchased three vehicles from that was doing VERY well (because of outstanding customer service and ability to beat out competition honestly) was shut down. If I were to go in during the a.m. for inquires or service for my vehicle, they would ALWAYS have the local conservative talking head on the radio (guy by the name of Jim Quinn), none of the elevator music or golden oldies so typical of most.

[Chode]

ours was well stocked, well equipped, well manned not bad on price and the only GM dealer for over 20miles...

i bought my last GM there, a Pontiac, and when Pontiac went belly up, they lost their dealership and the boy gave the company to the UAW, i said NEVER AGAIN!!!

[RipSawyer]

“Unemployment will be ZERO by the method government uses to compute it, when job seekers get so discouraged, no one will be looking for a job. What a crock our government is!”
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Or we could just have the government hire everyone and there would be no unemployment. In a real communist paradise there can not be any unemployment.

[RipSawyer]

“As far as I am aware, the whole of the US generally speaking- is still going backwards.”
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I would suspect that not only are we going backwards but ACCELERATING!

[RipSawyer]

“IMHO, this administration is economically corrupt.”
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You qualify for a PhD in understatement.

[RipSawyer]

“Then, the broadcast networks have a major problem ~ nobody watches.”
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Only the immature watch TV “news”, the real adults would rather watch science fiction, at least some part of Sci-Fi is believable.

[Ranger Warrior]

Of course it’s a fraud! It’s always been a fraud, otherwise known as a lie! There is a simple reason... the “uninformed voters” reelected Prez Zippy, and he’s about to take each and every one of us for more taxes. The “uninformed” won’t even realize what is going to occur until they look at their paychecks and notice it’s smaller. At least the “informed voters” will know they’re getting screwed and why!

[haroldeveryman]

“I would suspect that not only are we going backwards but ACCELERATING!”

Also known as a death spiral.

[theBuckwheat]

When the general level of the S & P index is closely linked to corporate earnings per share, and when more than 40% of people depend upon the federal government and when the federal government is borrowing more than 50% of what it spends and when the federal reserve corporation (solely owned by the “member financial institutions”) is buying about 90% of the federal bonds by creating money out of thin air, that leads to a material question: What portion of the profits are a result of the federal reserve’s money-printing?

Next question: what happens to those profits when the Federal Reserve Corporation stops its money-printing?

In other words, where would corporate profits and thus the S & P index and thus the DJI go to when the money-printing stops? That difference is caused by the mirage of fiat money.

[Trod Upon]

I’m not optimistic that they’ll even recognize it. For those people responsibility always lies with someone else.

[peeps36]

I almost vomited when the nut less wonder went on tv to blame congress for the fiscal cliff. He threw out the lies that unemployment was the lowest its been in years, real estate is recovering and the economy is recovering. He gave the lie away by stuttering like an idiot right before spewing them out his purple lips.

[sport]

Did you listen to him?

[haroldeveryman]

The “recovery” has been non-existent since the summer of 2010.
An economy is “recovering” from a recession when the growth rate accelerates to a level that exceeds the long term growth rate (about 3 and 1/2 percent above inflation). By this definition, the economy began recovering in the summer of 2009, as companies cut their losses and began to turn a profit, largely by laying off less experienced employees and closing down non profitable operations.This set the stage for the cyclical return to prosperity that we have witnessed in the 1920’s, 1950’s, and 1980’s. But when Obama’s plans to increase taxes and make energy prices “skyrocket” went public and his hostility to small business became clear, the recovery disappeared. Thus, our jobless non-recovery, and the longer it goes the more our productive skills will atrophy.