Egggsactly! His mentors..Cloward and Piven are justifiably PROUD of their Marxist protege’.
>>This economic recovery has been a big disappointment
What economic recovery? I have more unemployed friends now that ever. I know more underemployed people than I’ve ever known. Prices are up. Wages are stagnant at best, but lower for many. Even my 401k has not even made up the losses of the last 4 years.
Where is the recovery that I keep hearing about, or is all just statistical smoke and mirrors?
The ice cream vendor - Zero - is preparing to give out more ice cream with “taxes on the rich” and the free ice cream will attract more voters. What scares me is the current underground move to abolish the 22 Amendment. The Petraeus sex scandal is what the right hand is doing. What’s the left hand up to?
Must be because of racism!/s
The difference is that previously they guy in the oval office supported recovery. This time, 0bama is working to prevent recovery.
Taxation and regulation......the primary industry in DC....has prevailed.
Washington Post: It appears that the Emperor may not be wearing much in the way of clothing.
Well, what took y’all so long to deduce this?
We see the disincentives all around us these days for hard work, playing by the rules, being innovative, etc. Do these things and you’ll be punished for your efforts by the state, and demonized if you actually overcome the ever rising levels of taxation and regulation and somehow succeed. Being a parasite is where it’s at these days - not a host. There’s no fun in that, especially with Obamaclaus and the demo-elves in power.
And we all know that the government inflation numbers are completely bogus and wildly under report the true inflation numbers so drop the slope of that line by about 50% if you want a more realistic representation of the “recovery rate”.
I’ve read the CBO report and I highly recommend that Freepers go read it.
The CBO makes a bunch of observations, but falls short of making a diagnosis because to do so is socially inconvenient and embarrassing in DC, where the received “conventional wisdom” chants ideas that we need more “free trade” to export more of our actual wealth creation while importing more unemployment through immigration of low/no skill immigrants, 56% of whom are on public assistance within a year.
But, as they say about booze-hounds and dopers, the first step in recovery is recognizing that you have a problem, and this CBO report is a first step on the first step of 12, right?
Apparently he has.
There has been no “recovery”. Even back when the economy was supposedly “good”, it wasn’t as we were busily off-shoring jobs and building up debt on top of debt, while expanding government handouts. It was all a sham.
Now we simply have a house of cards that they are trying to keep from falling.
The only thing about the CBO article with which I take issue is the assertion that weak consumer spending less GDP wealth going to labor is predominantly responsible.
Economies don’t grow because of increased consumer spending by labor; on the contrary, an increase in consumer spending by labor is a *result* of a growing economy. What grows an economy is an increase in private-sector investment leading to 1) an increase in private-sector jobs, and 2) an increase in private-sector productivity.
The increase in productivity leads to lower prices for goods and services, which, in turn, leads to the increase in consumer spending.
The CBO article at least was honest enough to mention that “uncertainty” appears to be playing a part in the current economic stagnation. It didn’t mention, however, that the main source of this uncertainty is the upcoming crop of new taxes and regulations implemented by the Hussein Obama administration.
Actually it is much worse than that..
The CBO has always been delusional.. totally political..
unless they were outright lieing right to your face..
There has been no “recovery”. Even back when the economy was supposedly “good”, it wasn’t as we were busily off-shoring jobs and building up debt on top of debt, while expanding government handouts. It was all a sham.
Now we simply have a house of cards that they are trying to keep from falling.
wait... the left has been trying to tell us that this has been an awesome and fantastic recovery
Ok, there are structural reasons why the economy isn’t recovering as fast as in the past. I will accept that. Major demographic changes are apparent. However, I see this article as more cover for Obama. It really isn’t his fault. There are structural reasons for the anemic recovery. The same could have been said for Bush but they (the left, MSM) still blame him for most of the problems we have today. The truth is, for a variety of reasons, we have more people taking out of the system than are putting into it. Nothing will change until this change is forced onto us. That change will happen pretty soon and the pain will be severe. The majority of voters who showed up this time don’t care about any of this. They just wanted a cool man of color to beat the evil rich white guy. I am sick of all the rationalizations on both sides. That is the unvarnished truth. Mitt Romney was the most milk toast moderate squishy sort of Republican and the left still demonized him and voted their tribal leanings. Pain is coming to all of us. Obama, being culturally attuned and cool, will do nothing to prevent that result.
.. (snort!) Bush’s fault! . . . Not Obama’s, nor is it Nazi Pelosi’s, nor is it Harry Reid’s . . . they’ve had six years to “fix” it . . and “fix” it they have! Just wait ‘til they “fix” it four more years . . . still blaming “Bush” and the “uncooperative” Repubicans.