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UCLA Anderson Forecast paints dismal picture of economic recovery
Los Angeles Times ^ | 06/05/2013 | 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. [history]

"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

1 posted on 06/05/2013 1:20:07 PM PDT by SeekAndFind
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To: SeekAndFind

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.


2 posted on 06/05/2013 1:23:13 PM PDT by Da Coyote
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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.

3 posted on 06/05/2013 1:26:27 PM PDT by w1andsodidwe (Barrak has now won the contest. He is even worse than Jimmah.)
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To: w1andsodidwe

but yer productivity is high ,right?


4 posted on 06/05/2013 1:28:54 PM PDT by VaRepublican (I would propagate taglines but I don't know how. But bloggers do.)
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To: w1andsodidwe

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.


5 posted on 06/05/2013 1:29:56 PM PDT by Buckeye McFrog
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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!!!!


6 posted on 06/05/2013 1:33:10 PM PDT by muawiyah (Git yer Red Arm Bands here - $29.95 - NOT SOLD IN STORES - TAX FREE)
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To: muawiyah
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!!!!

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.

7 posted on 06/05/2013 1:35:23 PM PDT by KarlInOhio (Choose one: the yellow and black flag of the Tea Party or the white flag of the Republican Party.)
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To: SeekAndFind

Wow, are the rats now jumping ship?


8 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)
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To: Buckeye McFrog
They will become the vanguard of our Great Leap into Socialism.

And superb drone pilots, I'm sure.

9 posted on 06/05/2013 2:09:50 PM PDT by Trailerpark Badass (So?)
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To: KarlInOhio

Pitchforks....hmmm....think I’ll invest in them...should make a killing...


10 posted on 06/05/2013 2:15:41 PM PDT by goodnesswins (R.I.P. Doherty, Smith, Stevens, Woods.)
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To: SeekAndFind

Hey, Ed: it never was a recovery. It’s 0muslim’s destruction of America, and it’s working as planned. Wake-up, pal.


11 posted on 06/05/2013 2:25:41 PM PDT by carriage_hill (Guns kill people, pencils misspell words, cars drive drunk & spoons make you fat.)
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