To: zax who wrote (964071 ) 9/16/2016 9:33:56 AM From: jlallen 2 RecommendationsRecommended By
Read Replies (1) | Respond to The final nail in the bullsh*t right wing narrative. Thank you president Obama! Harvard Crushes The "Obama Recovery" Farce With 9 Simple Charts Tyler Durden These Are The 9 Zero Hedge Charts Showing "Obama's Recovery" That Angered The Washington Post Turns out that Harvard likes to dabble in "fiction peddling" as well: "Problems Unsolved and a Nation Divided" (study can be viewed in its entirety at the end of this post), Harvard University points out that, despite claims of an "Obama Recovery," in fact, the U.S. economy has continued to deteriorate in the aftermath of the "great recession." "lack of economic strategy, especially at the federal level" and a "political system was once the envy of many nations" but has now "become our greatest liability." Below are a couple of the key conclusions:erosion in crucial economic indicators such as the rate of economic growth, productivity growth, job growth, and investment began well before the Great Recession.per-capita income for the U.S. is reduced. Median real household income has declined since 1999, with incomes stagnating across virtually all income levels. Despite a welcome jump in 2015, median household income remains below the peak attained in 1999, 17 years ago. Moreover, stagnating income and limited job prospects have disproportionately affected lower-income and lower-skilled Americans, leading inequality to rise."pessimism about the trajectory of U.S. competitiveness deepened in 2016" for the first time in 5 years. lack of an economic strategy from the federal government which has instead chosen to rely exclusively on accomodative Fed policies. The U.S. lacks an economic strategy, especially at the federal level. The implicit strategy has been to trust the Federal Reserve to solve our problems through monetary policy. broken political system that is "no longer delivering good results for the average American." .S. political system was once the envy of many nations. Over the last two decades, however, it has become our greatest liability. Americans no longer trust their political leaders, and political polarization has increased dramatically. Americans are increasingly frustrated with the U.S. political system. Independents now account for 42% of Americans, a greater percentage than that of either major party.The political system is no longer delivering good results for the average American. Numerous indicators point to failure to compromise and deliver practical solutions to the nation’s problems. Political polarization has especially made it harder to build consensus on sensible economic policies that address key U.S. weaknesses. It is at the root of our inability to progress on the consensus Eight-Point Plan.labor force participation rate has continued to decline after the "great recession" and currently stands at the lowest level since 1982.If you just look at male labor force participation the drop off is even more pronounced. labor productivity has collapsed. lower real household income. dominated by oil production ...ironically, the industry that Obama has tried hardest to crush (as evidenced by his recent decision to unilaterally halt the construction of the Dakota Access Pipeline).people in the lowest income brackets , those Obama claims to care most about, have suffered the most under his presidency . zerohedge.com scribd.com
