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Obama: “We’re Still Trying to Recover;” NBER: Last Recession Ended 4 Yrs Ago
Cybercast News Service ^ | September 21, 2013 - 1:37 PM | Terence P. Jeffrey

Posted on 09/21/2013 11:04:14 AM PDT by Olog-hai

President Barack Obama—now eight months into his second term—said 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 Obama’s 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. …

(Excerpt) Read more at cnsnews.com ...


TOPICS: Business/Economy; Government; News/Current Events; US: District of Columbia
KEYWORDS: nber; obama; recession; recovery

1 posted on 09/21/2013 11:04:14 AM PDT by Olog-hai
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To: Olog-hai
Well just damn.

If W Bush is SO POWERFUL that Obama has had NO IMPACT for FIVE YEARS.....

.... put Bush back in. At least *something* will happen.

2 posted on 09/21/2013 11:10:28 AM PDT by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
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To: Olog-hai

It’s all Bush’s fault, according to Obama. And still will be after this failure of a president leaves office in disgrace.


3 posted on 09/21/2013 11:11:12 AM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: Olog-hai

Still blaming Bush. What a punk!


4 posted on 09/21/2013 11:12:50 AM PDT by tumblindice (America's founding fathers: All armed conservatives.)
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To: Olog-hai

I’m still not RECOVERED from his winning the first election. I probably will never recover from him winning the second time.


5 posted on 09/21/2013 11:13:28 AM PDT by Renegade
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To: Olog-hai

“It was worse than we knew.”
“We just need more time.”

Weakest, most petulant, whiny, affirmative action, no-account, shiftless, baby president ever.


6 posted on 09/21/2013 11:19:18 AM PDT by ProtectOurFreedom
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To: Jim Robinson

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!!”


7 posted on 09/21/2013 11:20:17 AM PDT by GrandJediMasterYoda (What do we want? Time travel. When do we want it? It's irrelevant.)
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To: Renegade

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


8 posted on 09/21/2013 11:21:03 AM PDT by vidbizz
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To: Renegade

“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.


9 posted on 09/21/2013 11:24:34 AM PDT by GrandJediMasterYoda (What do we want? Time travel. When do we want it? It's irrelevant.)
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To: tumblindice

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!!


10 posted on 09/21/2013 11:29:39 AM PDT by Bitsy
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To: Bitsy

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!


11 posted on 09/21/2013 11:37:20 AM PDT by tumblindice (America's founding fathers: All armed conservatives.)
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To: Olog-hai

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. :)


12 posted on 09/21/2013 11:38:55 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: Olog-hai
Whatever happened to the 'Summer of Recovery'?
13 posted on 09/21/2013 12:06:46 PM PDT by Islander7 (There is no septic system so vile, so filthy, the left won't drink from to further their agenda)
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To: Olog-hai
Ofcourse, like FDR, the Depression never ends, and the way FDR got us out of it was WW2.

I expect nothing less from Obama.

14 posted on 09/21/2013 12:08:35 PM PDT by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: fortheDeclaration

Post of the day. Congrats


15 posted on 09/21/2013 12:15:30 PM PDT by sopwith (LIVE FREE OR DIE)
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To: ProtectOurFreedom

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.


16 posted on 09/21/2013 12:24:24 PM PDT by Sam Clements
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To: fortheDeclaration
Ofcourse, like FDR, the Depression never ends, and the way FDR got us out of it was WW2.

And after the war FDR's disciples really wanted to continue economic controls like England did, to disastrous effect.

17 posted on 09/21/2013 12:32:07 PM PDT by KarlInOhio (Why is our military going to be used as Al Qaeda's air force in Syria?)
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To: GrandJediMasterYoda
A lot of “white” trash voted for the Brown Clown and a lot of other Caucasians stayed home and DID NOT vote for anyone!The black population voted 99% Obummer ( that's not racist is it ?)I know guys with CCW’s and lots of firearms that voted for this A-Hole.All the suckers of the US Golden Teat also voted for the Fraud in Chief! Elections have consequenses and we will be feeling the consequence of these last two for a long time.We need an Eagle Eye movie event !
18 posted on 09/21/2013 12:37:42 PM PDT by Renegade
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To: Olog-hai

I called it. NOt surprising others did too, but I knew this was going to be the answer given.


19 posted on 09/21/2013 1:01:15 PM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: Olog-hai

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.

http://www.flickr.com/photos/41200056@N02


20 posted on 09/21/2013 1:20:00 PM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: Secret Agent Man

Even way back in 2008, the “rest of the world” was laughing behind Obama’s back. If one knew where to look, you could hear the chief laughers. Now they just laugh openly, especially since they knew what was coming from this man.


21 posted on 09/21/2013 1:24:42 PM PDT by Olog-hai
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To: tumblindice

one of her digits will fall off

ONE CAN ONLY HOPE


22 posted on 09/23/2013 1:18:16 PM PDT by Bitsy
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