[arthurus]

Median family incomes have declined, millions are working part-time jobs because there isn't full-time work, 13 million have dropped out of the labor force entirely. Millions more are poor and on food stamps. And the latest IBD/TIPP poll shows 46% think we're still in a recession and 52% say it's not improving.

How the hell can someone write this and still say we are in any kind of "recovery," even an anemic one? The real growth rate subtracting the real inflation rate would likely demonstrate a continuing contraction.

[expat_panama]

How the hell can someone write this and still say we are in any kind of "recovery,"

It's easy, folks write it all the time. 

--and that's not what you meant.  You're asking how our cr@ppy economy can be considered to be 'recovering' and the answer is in definition.  Most folks earning a living in the econ biz say that a growing economy is in 'expansion' as opposed to one that's 'contracting.   From what I'm able to gather a 'recovery' is the part of the expansion that comes before the new highs.  We're definitely not as bad off as we were in '09 and not at serious all time highs, so we're definitely in a recovery.

 

imho we'll be recovering for a long long time until gov't econ policies get changed big time.