| | | >> The recession ended in June of 2009, by the commonly used definition of recession.
So, how do you explain the country is still hobbling along?
>> Given that the GDP growth rate has been at least 2% per quarter since 2010, and as high as 4.9%, I don't know where you get the idea the recovery has just started.
You're apparently not looking at Real GDP Growth, which is the better figure.
As you can see, there have been plenty of quarters below 2%. And even today we continue have substantial instability. To make it worse, we have all these people unemployed/underemployed per U6 and Real Incomes continue to be far below where we began.
Real household income today is STILL less than what it was at the beginning of '08 -- 9 years later.
It is pathetic anyway you want to look at it. While it is true that the recession began in '07, the Clinton Crapola didn't occur until it became clear Obama would become president. And frankly, it scared the hell out of all of us. It was obvious he had no idea what to do with the economy, and we clearly were proved to be correct.
There is no doubt this man has been a total disaster for the country. Foreign policy. Domestic Policy. Fiscal Policy. It is all just as bad as you can get.
We took Chauncey Gardner out of the movies and made him president. Twice. |
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