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Topic: Under Obama, Worst Multi-
Year Economic Recovery
Since World War II |
Under Obama, Worst Multi-
Year Economic Recovery
Since World War II
Cybercast News Service, by Matt Cover
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Original Article
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Posted By:KarenJ1, 2/7/2013 9:16:06 AM
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| President Barack Obama has presided over the worst multi-year recovery in American history since the end of World War II, according to data from the Bureau of Economic Analysis (BEA). During his tenure, the economy has grown only 7.5 percent, compared with double-digit growth in other post-recession periods. Using inflation-adjusted GDP figures from BEA and business cycle dates from the National Bureau of Economic Research (the organization used by the government to date when recessions and recoveries begin and end), CNSNews.com calculated how much the economy grew for each post-recession period since 1949, the earliest
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Comments:
But 0bama, his regime and all the Democrats keep telling us it´s getting better. s/o That would also include the lying members of the media who cover for the corruption and negligence of 0bama.
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Reply 1 - Posted by:
lylacat, 2/7/2013 9:33:29 AM (No. 9163340)
Why would anyone be surprised; he has passed no budget in four years, he spends, spends, spends. More regulations, more government control, more taxes; more people are on disability, food stamps, and welfare than any other time in history. 0bama distorts the real unemployment numbers; I have never had so many friends out of work. Now we find that his 0bamacare will cost a lot more than he suggested, and people are losing their own insurance and being forced into "exchanges" that do not even exist yet. And, we have not seen the worst that he will be bringing to us very soon.
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Reply 2 - Posted by:
Pearson365, 2/7/2013 9:37:07 AM (No. 9163350)
Why would anyone think that creating the conditions for economic prosperity and creating jobs are something that Obama cares about? He is an extreme leftist, and someone who takes pride in his ignorance of America, its values, our once remarkable living standards and its Constitution.
Worse, he just convinced 50.7% of voters that an old white male who spoke glowingly about economic growth and prosperity was, instead, planning to end abortions, remove contraceptives from every CVS and personally harass every single woman in the country.
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Reply 3 - Posted by:
Jethro bo, 2/7/2013 9:47:27 AM (No. 9163381)
So this has been a slow recovery? With the price of everything going up? With the first reduction of Postal services ever? With the drone killer death planes hovering over us? With more debt than the world has money? With under employment on the rise (thanks Obambicare!)? What recovery are this folks talking about?
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Reply 4 - Posted by:
MattMusson, 2/7/2013 9:56:03 AM (No. 9163401)
It is going to get much worse by summer.
The new financial rules are going to make it impossible to get a home loan for under $350,000. So, you won´t be able to buy or sell a house for less than that.
Also, the new ObamaCare rules are going to kill tens of millions of full-time jobs into part-time jobs - shredding the working poor.
Energy costs are going up. Gasoline is staying at record levels or going up.
Interest rates will stay near zero - destroying the retirement plans of many Americans.
It is going to get much worse.
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Reply 5 - Posted by:
lancelink1, 2/7/2013 10:18:50 AM (No. 9163460)
Maybe so but it isn´t his fault.
Besides, what difference, at htis point, does it make?
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Reply 6 - Posted by:
jalo1951, 2/7/2013 11:43:18 AM (No. 9163656)
Happy days are here again! Recovery summer part 5. What´s not to love about this administration? s/0
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Reply 7 - Posted by:
dbdiva, 2/7/2013 12:55:13 PM (No. 9163896)
This is EXACTLY his plan. If things got markedly better then he would not be on track to collapse the economy as he desires.
These stats just give him another chance to party.
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Reply 8 - Posted by:
bob913, 2/7/2013 2:28:18 PM (No. 9164080)
obama does not want recovery. He wants dependency.
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Reply 9 - Posted by:
mickturn, 2/7/2013 3:34:46 PM (No. 9164219)
He´s not black, he´s half Arab and Half White.
Obama won´t be happy until he has all the trophies for the worst of everything.
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