I am still wondering how this alleged “economist” won a Nobel Prize in... well.. economics.
He’s a POS liberal, who constantly pushes the idiocy of Keynesian economic theory... how else would the POS Obola win a Nobel Peace Prize?
Didn’t Paul Volker just have him run out of Princeton?
Regardless, there are a couple good analyses out there on the “recovery”. The first is that the big numbers from last quarter came from a consolidation of ObamaCare spending by the public. Iow, if the goverent orders you to spend money (individual mandate) and you do, then the economy will grow (duh)
Second, the big monthly gain in November was driven by crashing energy (gasoline) prices. Which were driven by something the Dems would LOVE to reign in: fracking.
So the conclusion is being driven by the government bullying people into spending in one vital area (healthcare) while being impotent at restraining/containing another vital area (energy)