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Posted on 06/05/2013 7:27:52 AM PDT by Hojczyk
The Los Angeles Times ( http://lat.ms/13ESjj3) reports the gloomy picture appears in the quarterly UCLA Anderson Forecast released Wednesday.
It says that real gross domestic product growth - the inflation-adjusted value of goods and services produced - is well below the 3-percent growth trend of past recoveries. The forecast says the country isn't creating enough good jobs.
However, the forecast also says a housing market recovery should boost the GDP over the next two years and bring down unemployment, falling to 6.9 percent next year.
California, meanwhile, outperformed the nation in job growth during a 12-month period that ended in April. One reason is demand for California goods, such as computers.
(Excerpt) Read more at sunherald.com ...
I did my part by purchasing my first home, new construction, on Monday. :-)
ya think?
Because “expectations” cannot produce a “Great Recovery”.
I never expected to see a great recovery from the bound-to-fail leftist economic policies of the totalitarian Obama administration.
Not to worry.
The Obamadork/felon administration has declared that we will most definitely see an economic boom when they implement the “Great Leap Forward”.
Bring back US jobs.
Now.
The great recovery has only happened in Washington DC in the amount of money they’ve stolen from hard working Americand
How can be have a ‘great recovery’ when what we buy is made elsewhere? Wall Street has recovered nicely while Main street languishes. How can it be otherwise when jobs, factories and taxes are exported to the detriment of the American economy. ‘Free traitors’, indeed.
The downwards economic spiral continues because of the continuing anti-business (or, more precisely perhaps, anti-American business) policies from YouKnowWhere
These monetary, regulatory, fiscal, and tax policies (coupled with all the anti-American and anti-business rhetoric from same place) ...vastly increase the real and perceived risks of investment in American business and, especially, in trying to hire any American workers
as long as more of the same is dumped on America and our economy from WashDC ... expect more of the same downwards economic cycle
Garbage In, Garbage Out
Congratulations!
It’s a good feeling to come “home”, isn’t it?
That is so unexpected. I can’t imagine why having twice as much government as ever before in history has not produced economic growth. Perhaps the problem is not having enough taxes, uncertainty, and regulations?
Two things:
1) Well DDDDDDDddddddddduuuuuuuuhhhhhhhhhhhh!
2) Nope... Guess just the one.... :-)
Who really expected a recovery?
Yes it is! Thanks.
The Keynesian easy money policy and government interventionism may have increased aggregate demand, but it has also caused a tendancy for prices and wage rates to rise. By preventing or slowing down a fall in wage rates and prices, there has been a delay in a fall in costs. This has slowed down investments in the present which has slowed down increases in demand for labor which has slowed down the decrease in the unemployment rate.
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