The 46 Month Recovery Watch Remains On High Alert

9 Replies to “The 46 Month Recovery Watch Remains On High Alert”

1. Let me be clear. This is Richard Nixon’s fault.

2. Wasn’t it in 2006 when the Democrats took control of Congress, thus the budget process?

3. . . . because Barry is an economics genius.
   Everyone knows that because the New York Times says so.

4. This is the most convoluted graph I’ve seen in some time – “%change from year ago”. The suggestion inherent in the graph is that average hourly earnings have actually continued to rise non-stop, albeit somewhat slowly from time to time, throughout the period indicated. That’s a bit tough to swallow, because it sure didn’t work that way for me.
   But, as a disciple of Mark Twain, I have always known that there are “Liars, damned liars, and statisticians.”

5. Once Romney is elected the economy will suddenly be in a crisis according to the lamestream tards. It will of course be his fault before he even gets sworn in.

6. If Romney gets in Gold will tank.
   A good thing.
   If the Narcissist gets in Gold will skyrocket.
   Not a good thing.
   Get a comfortable chair…

7. eastern paul I hope that you bought some gold – it always holds it’s value.

8. They had this chart over at zerohedge this morning, and a number of people noted that is is NOMINAL DOLLARS. E.g., from 1976-80 – Jimmy Carter time – wages rose quite rapidy because inflation was ticking along at 10%. When Paul Volcker slammed the door on inflation by letting short term rates rise to 20%, year-on-year wage rises fell rapidly.
   It would be more interesting to see this chart in constant dollars.

9. Wait until Obamacare kicks in. Unless you are absolutely essential, you will be laid off, moved to part time less than 30 hours, or outsourced as a contractor. Then wages will drop below the 0% line. Median income will take a HUGE drop.
   Repeal Obamacare or the middle class and the working class gets shredded.