Skip to comments.Obama: “We’re Still Trying to Recover;” NBER: Last Recession Ended 4 Yrs Ago
Posted on 09/21/2013 11:04:14 AM PDT by Olog-hai
President Barack Obamanow eight months into his second termsaid today that the U.S. economy is still trying to recover from events that took place five years ago before he took office. At the same time, the National Bureau of Economic Research (NBER), which dates the beginning and ending of recessions in the U.S. economy, insists that the last recession ended more than four years ago.
According to the NBER, the last recession began in December 2007 and ended in June 2009. Since June 2009, which was the fifth full month of Obamas presidency, the economy has been in a growth cycle. In the post-World War II era, according to NBER, the average growth cycle has lasted 58.4 months. The United States is now in the 51st month of the Obama growth cycle. If this growth period were to last as long as the average post-World War II growth cycle, the next recession would begin in about seven months.
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If W Bush is SO POWERFUL that Obama has had NO IMPACT for FIVE YEARS.....
.... put Bush back in. At least *something* will happen.
It’s all Bush’s fault, according to Obama. And still will be after this failure of a president leaves office in disgrace.
Still blaming Bush. What a punk!
I’m still not RECOVERED from his winning the first election. I probably will never recover from him winning the second time.
“It was worse than we knew.”
“We just need more time.”
Weakest, most petulant, whiny, affirmative action, no-account, shiftless, baby president ever.
If the next 2000 Presidents are all Democrats and it is the year 18,013 AD they will STILL be blaming Bush for the economy..”This President from 16,000 years ago is the cause!!! Bush Bush Bush!!”
You got that right! Me, too. Ever since 2009, my biz is just limping along. Got rid of any subs I used. Heck, I made more money in the late 80’s. FUBO
“Winning” is still up for debate. It baffles me how in just about every newspaper website leading up to the election, the reader comments were 80-90% against Obama, yet he “wins”? Do liberals avoid posting comments on newspaper websites? With their big fat mouths? I don’t think so. But not even using that as an example, you have to ask yourself: Are hard core communists now the majority in this country? I highly doubt that. yet the guy wins? And over a guy whose whole profession is creating jobs? Baloney.
But, It can’t be Obama’s fault because according to Pelosi, he is simply brilliant unlike that bumpkin Bush!/s NOte: if she waives that royal hand one more time I will lose it!!
Nanzi is going to make that gesture some day soon, and the Zombie in the phone commercial will come alive: one of her digits will fall off!
I’d like to ‘recover’ my sobriety, but that won’t happen until this POS is out of office, and/or tried for TREASON and summarily jailed prior to that. :)
I expect nothing less from Obama.
Post of the day. Congrats
This man’s ideology foisted upon us with the help of the low information voters he appeals to has created the most destructive administration ever. God help us.
And after the war FDR's disciples really wanted to continue economic controls like England did, to disastrous effect.
I called it. NOt surprising others did too, but I knew this was going to be the answer given.
He is truly America’s Clown President. He IS a Clown. The rest of the world laughs at us because of Obozo.
Clown President Obozo. I even have a Zero Dollar graphic of him as a clown.
Check through my Flickr Archive of Zero Dollar bills that you can save, print up, and hand out to anyone, anywhere. They cover all different topics - Obama, Obamacare, Pelosi, Biden, RINOs, McCain, Graham, Clinton, Michelle, and others.