The report, which analyzed long-term trends of past recoveries, found that the long-anticipated “Great Recovery” has not yet materialized.
Real GDP growth — the value of goods and services produced after adjusting for inflation — is 15.4% below the 3% growth trend of past recoveries, wrote Edward Leamer, director of the UCLA Anderson Forecast. More robust growth will be necessary to bring this recovery in line with previous ones.
“It’s not a recovery,” he wrote. “It’s not even normal growth. It’s bad.”
Related: demand for US gold and silver bullion remains at “unprecedented” high levels almost two months after the historical sell-off.
Previous American recessions were quick corrections with massive layoffs, quick fiscal changes, plus restructuring, and then equally massive rehiring. What the left has accomplished this time is massive layoffs in private industry, massive government hiring along with runaway wages, massive Euro style unemployment incentives to keep people from returning to the work force, and huge piling up of debt and trade deficits. It ain’t going to be pretty when the house of cards goes south on steroids next time.
Obama must be tickled pink that this is happening. With everyone worried about the economy, he can spy on them without interference.
And the Democrats are hoping to draw this out until 2016, so that when a Republican is elected & that house of cards comes tumbling down, they can blame the new president instead of acknowledging that Obama & his minions put them in this place.
Yep even the presstitutes have gone silent about the Obama miracle economy.
Simulated into bankruptcy?
The Democrats are hoping to draw this out to 2016, expecting a backlash of sorts & a new Republican president. Then when the house of cards comes crashing down, they will step up & blame the GOP, & will have a renewed agenda.
The recovery will come about when the Americans stop paying unproductive people out of tax funds. Same as everywhere else.
I bought more gold stock yesterday. A fools game really. When the great collapse happens the gold mines will be seized anyways.