Why? Simple = because never in history have we had more welfare for the rich. It has been proven time and again that "trickle down" corporate welfare just doesn't work. Want to end the recession? Put an end to corporate welfare.
Why The Obama Economic Recovery Is The Weakest In History
- Thread starter TeddyBallgame
- Start date
Why? Simple = because never in history have we had more welfare for the rich. It has been proven time and again that "trickle down" corporate welfare just doesn't work. Want to end the recession? Put an end to corporate welfare.
Put an end to these f'n obscene bonuses paid to C.E.O.s on top of the $millions they are already getting in salary. There is nobody in the world who is worth over a $100 an hour.
Here's data proving the recovery from the last recession (what you call the Obama recovery) is not the weakest in history.
All Four Official Recession Indicators Are Looking Up - Business Insider
The very first chart you come to in this article is a series of line graphs detailing the four main statistics the National Bureau of Economic Research uses in determining expansions/recessions (industrial production, real income, employment, real retail sales). The graphs are a comparison of the performance these four stats during this recovery compared to all recoveries in the history of the identification of recessions in the U.S.
As you can see, the current recovery is performing better than the worst recoveries in history.
All Four Official Recession Indicators Are Looking Up - Business Insider
The very first chart you come to in this article is a series of line graphs detailing the four main statistics the National Bureau of Economic Research uses in determining expansions/recessions (industrial production, real income, employment, real retail sales). The graphs are a comparison of the performance these four stats during this recovery compared to all recoveries in the history of the identification of recessions in the U.S.
As you can see, the current recovery is performing better than the worst recoveries in history.
That business insider is a whole lot about bugger all to impress a lot of people who aren't too bright. Two of the major indicators of recession are debt and bad debt. No mention of either of them which only a moron could miss. A third indicator would be that the economic world is being run by idiots or I should say self serving idiots. :smile:
There is never going to be a full economic recovery until people quit spending money they don't have. A lot of investments that used to "grow" don't anymore...............real estate is prime example and anything with moving parts is another.
There will never be a full recovery until all assets sheltered in overseas tax free accounts are brought back into the economy.