Posted on 11/08/2013 3:54:31 AM PST by IBD editorial writer
Recovery: The latest GDP report shows that President Obama's policies continue to weigh down the economy. Now 51 months old, his recovery is by far the weakest since the Great Depression.
At 2.8%, real growth in the third quarter was higher than expected, a rarity. But the latest government data also hinted at weakness, as consumer and business spending slowed.
In short, the strong growth everyone predicted at the start of the year is a no-show, just as the previous predictions of prosperity just around the corner proved false.
It also means that Obama's recovery — now more than 4 years old — remains the worst since WWII.
(Excerpt) Read more at news.investors.com ...
this economy aint seen anything yet
imagine the joy of people shopping this year after getting notices of thousands of dollars in insurance premium increases and thousands more in deductibles
the power of the purse- the only thing the peasants who still have a leftover dime have left to wield
btw it;s not just the malls and shops empty here, it’s the grocery stores
eerie
Yeah, but how does the Obama “recovery” compare to the steady-state growth rate of the old Soviet Union?
The only “odumbo recovery” will be after he is GONE FOREVER which IMO, cannot come too soon.
You have a great point.
Every excess dollar that goes into health insurance forced on citizens is a dollar less that can go into the economy.
You think this Christmas is bad wait until you see next years, when the corporations and small business’s start getting hit with Obamacare.
Instead of thousands losing their insurance it will be millions.
By the way where is this “Recovery” I keep hearing about?
13% actual unemployment and others working part time , and this is a recovery?
Read my tag line.
That's because there is NO RECOVERY, it's the
0bama DEPRESSION!
- Where is my $2,500 a year in healthcare cost savings that Barack “404” Hussein-Obama (Junior) promised me over and over on free photo-op TV ads?
Good points, so far...and the poop hasn’t even hit the propeller, yet!
I’m spending VERY little this Christmas, and Christmas is the ONLY time of year that I even modestly splurge on friends and family.
And I’M IN RETAIL!
2014 is going to be a year of stocking up and paying down my farm debt as much as possible. I’ve been turning cash into assets for the past 5 years, but ‘you ain’t seen NOTHIN’, yet!’ ;)
CSM, Ex Pat - may be of interest for your ping lists...
Obama's Recovery: $1.3 Trillion Below Average
Another stat to remember is the fact that average gdp growth for the past six years has been 0.1%. We really can do better.
It’s laughable that they are continuing to call it a “recovery”.
Not with this president, we can't, and won't.
It is a “recovery” only in the sense that we’ll need an exceptional one in order to recover from the marxist, America-hating Clown Prince nobama and his degenerate minions.
Not with this president...
--and maybe not with the current crop of American voters either. We're looking at a world class disconnect from reality here.
Beyond that, these “dollars” are un-recoverable. This is raw wealth being lost (well, not lost, fleeced)
Amen.
We are putting out pies of money and getting nothing in return.
2.3 Trillion per year to get .3 back.
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