It's Official: Worse Economic Recovery Since The Great Depression

[worldlymrb]

I suppose that is Bush's fault too..

Trying to buy a recovery with money it doesn't have is the fatal flaw in the progressive communist economic scheme. It will never work, and will only leave Americans broke and destitute.

The Worst Economic Recovery Since The Great Depression

1/12/2012

The record of President Obama’s first three years in office is in, and nothing that happens now can go back and change that. What that record shows is that President Obama, with his throwback, old-fashioned, 1970s Keynesian economics, has put America through the worst recovery from a recession since the Great Depression.

The recession started in December, 2007. Go to the website of the National Bureau of Economic Research (www.nber.org) to see the complete history of America’s recessions. What that history reveals is that before this last recession, since the Great Depression recessions in America have lasted an average of 10 months, with the longest previously lasting 16 months.

Read more...

 

[NCmusicman]

Gas prices are going back up... Obama is doubling down on his destruction - once he realizes he's a one termer - look out!!!!

 

[NCmusicman]

That's hard to say because it is hard to determine if Obama was just a dithering dunce OR was hell bent of destruction of the USA to enable a "fundamental transformation" from the ground up.

I think we were saved by Glenn Beck exposing Van Jones and Obama's communist loaded administration... Beck was VERY instrumental in exposing this administration.

But I also believe Obama is not through yet.

 

[IndependentinWis]

I also think if you look that this was the worst economic recession since the great depression. The great depression didn't end until the war ended it. The recession started with a war and the kind of growth we are now getting seems to be slow but steady. Maybe that will rule out the kind of roller coaster ride we have had after many recessions in the past.

 

[GordonGecko]

Well, then I guess President Obama is doomed in his re-election bid.....



as FDR was in 1936.

 

[Proud Progressive]

I suppose that is Bush's fault too..

Trying to buy a recovery with money it doesn't have is the fatal flaw in the progressive communist economic scheme. It will never work, and will only leave Americans broke and destitute.

The Worst Economic Recovery Since The Great Depression

1/12/2012

It's taken a concerted effort on the part of the Regressives beginning with Reagan to get us here. The ultimate goal being the destruction of the middle class to ensure greater wealth and power for the 1%ers .

Be patient...you can't correct three decades of Republican social and economic engineering in three years.

 

[NCmusicman]

was that taken directly from www.cpusa.org ??

 

[Proud Progressive]

was that taken directly from www.cpusa.org ??

That's the best you can do ?

 

[Lukey]

Yes, of course, you know we'd still be losing 750,000 jobs a month if Obama hadn't stepped in and saved us from the debacle of capitalism!

 

[Lukey]

I also think if you look that this was the worst economic recession since the great depression. The great depression didn't end until the war ended it. The recession started with a war and the kind of growth we are now getting seems to be slow but steady. Maybe that will rule out the kind of roller coaster ride we have had after many recessions in the past.

Yes, thanks to the socialism of FDR. Why is it these "depressions" always occur when there's a Marxist in the White House?

 

[Bo-4]

Yaaaaaaaaaawn

WMB.. you're too predictable.

:blah:

 

[middleview]

Bush set a record for gas prices....was that because Bush was a dithering dunce or was it due to speculators who bid up oil futures? If you are going to blame Obama for the current prices then you'd have to blame Bush for the summer of 2008....

 

[Corruptbuddha]

Even if you spend 4 or 5 TRILLION dollars in that three years?

Not even then?

 

[middleview]

Reagan took office and the unemployment rate was 7%.....by November of 1982 the unemployment rate was 10.8%. It took until 1986 to get the unemployment rate back down to 7% where it was when he took over.....

How can you compare Reagan's performance to Obama's when Obama has only been in office for 3 years, but you are comparing those three years to the five years it took for Reagan to actually make a dent in unemployment.....

The "official" story on this recession is that it ended in June of 2009.....since it started in December of 2007 and Bush was president for 13 months of the recession and Obama from Feb 2009 to June 2009....just what are you trying to say?

How did Reagan rate better than Obama did? He cut taxes, tripled the national debt, dramatically increased government spending and took five years....but you guys liked him, right?

 

[middleview]

Would it have been better to not cut taxes, or extend unemployment benefits....because those were the largest of Obama's contribution to the deficits....

 

[Lukey]

Reagan took office and the unemployment rate was 7%.....by November of 1982 the unemployment rate was 10.8%. It took until 1986 to get the unemployment rate back down to 7% where it was when he took over.....

How can you compare Reagan's performance to Obama's when Obama has only been in office for 3 years, but you are comparing those three years to the five years it took for Reagan to actually make a dent in unemployment.....

The "official" story on this recession is that it ended in June of 2009.....since it started in December of 2007 and Bush was president for 13 months of the recession and Obama from Feb 2009 to June 2009....just what are you trying to say?

How did Reagan rate better than Obama did? He cut taxes, tripled the national debt, dramatically increased government spending and took five years....but you guys liked him, right?

Because they are apples and oranges? Reagan was dealing with high inflation and had to raise interest rates (which led to reduced/negative growth and widespread layoffs) to get that under control before he could get the economy to improve. Obama has had the benefit of zero percent interest rates for his entire administration (as well as trillion and a half $ annual deficits) and he still can't get the economy to get up off the floor. It is stunning that with all that unprecedented "stimulus" that we are still waiting for the economy to pick up.

 

[Corruptbuddha]

Neither.

 

[Lukey]

Would it have been better to not cut taxes, or extend unemployment benefits....because those were the largest of Obama's contribution to the deficits....

It would have been better to have done something that worked!

 

[middleview]

I think what you mean is "worked better", right? Because it is a difference of opinion as to what the effect of Obama's efforts has been. We are certainly better off now than we were in 2008. We are not in danger of a major financial collapse. We are probably not in danger of two of the three major auto manufacturers going under. Our unemployment rate is improving.

It would be great if we were improving more rapidly, but you cannot tell me, with a straight face, that anything that Obama did made things worse.

Let's say you were president....just what would you do, because the only thing republicans would do is cut taxes and that hasn't worked for Obama as well as we'd like either.

 

[degsme]

It would have been better to have done something that worked!

Better for whom? The USA? Or the GOP? Becuase that's the choice we ended up having.

And the GOP chose... The GOP...