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UCLA Anderson Forecast paints dismal picture of economic recovery
Los Angeles Times ^
| Ricardo Lopez
Posted on 06/05/2013 1:20:07 PM PDT by SeekAndFind
Edited on 06/05/2013 1:25:18 PM PDT by Admin Moderator.
"It's not a recovery. It's not even normal growth. It's bad," UCLA economist Edward Leamer says.
The country's tepid growth in its gross domestic product isn't creating enough good jobs to build a strong middle class, according to a UCLA report released Wednesday.
(Excerpt) Read more at latimes.com ...
TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: jobs; recession; recovery; unemployment
But, but, a Nobel Price winning (idiot) begs to differ with this analysis.
And - after - an award winning Kenyan sniffing Keynesian cannot be wrong.
Even if the award represents about about as much quality as a Yugo.
posted on 06/05/2013 1:23:13 PM PDT
by Da Coyote
To: Da Coyote
I work for a well known food company. As people retire or resign, they are not being replaced, just having their work divided among existing employees. All departments have been ordered to cut expenses by 10%. Bonuses were 40% of last year.
Yes, Obamacare is making a difference.
posted on 06/05/2013 1:26:27 PM PDT
(Barrak has now won the contest. He is even worse than Jimmah.)
but yer productivity is high ,right?
posted on 06/05/2013 1:28:54 PM PDT
(I would propagate taglines but I don't know how. But bloggers do.)
The end result of that process will be a six or seven year backlog of college students with huge student debt and no prospects of a job.
They will become the vanguard of our Great Leap into Socialism. They will demand that the government create their jobs and forgive their loans.
To: Buckeye McFrog
There’s another solution ~ they’ll buy red arm bands from me, self-organize into a people’s militia, and they’ll all have jobs guarding the rest of us lest we make trouble ~ well, you guys anyway ~ those red arm bands will make some serious headway in recovering my own personal economy!!!!
posted on 06/05/2013 1:33:10 PM PDT
(Git yer Red Arm Bands here - $29.95 - NOT SOLD IN STORES - TAX FREE)
Theres another solution ~ theyll buy red arm bands from me, self-organize into a peoples militia, and theyll all have jobs guarding the rest of us lest we make trouble ~ well, you guys anyway ~ those red arm bands will make some serious headway in recovering my own personal economy!!!!
Just so long as you don't try to take over my rope franchise. They're buying up lots of rope and I aim to become rich selling it to them.
posted on 06/05/2013 1:35:23 PM PDT
(Choose one: the yellow and black flag of the Tea Party or the white flag of the Republican Party.)
Wow, are the rats now jumping ship?
posted on 06/05/2013 2:03:27 PM PDT
by Hotlanta Mike
("Governing a great nation is like cooking a small fish - too much handling will spoil it." Lao Tzu)
To: Buckeye McFrog
They will become the vanguard of our Great Leap into Socialism.
And superb drone pilots, I'm sure.
Pitchforks....hmmm....think I’ll invest in them...should make a killing...
posted on 06/05/2013 2:15:41 PM PDT
(R.I.P. Doherty, Smith, Stevens, Woods.)
Hey, Ed: it never was a recovery. It’s 0muslim’s destruction of America, and it’s working as planned. Wake-up, pal.
posted on 06/05/2013 2:25:41 PM PDT
(Guns kill people, pencils misspell words, cars drive drunk & spoons make you fat.)
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