Posted on 08/27/2011 8:00:09 AM PDT by radioone
Economy: If you needed another metric by which to measure the failure of Obamanomics, new numbers released Friday show that two years after the recession ended the economy still hasn't fully recovered.
According to the revised gross domestic product data released Friday, the nation's economy grew a paltry 1% in the second quarter, after eking out a barely noticeable 0.4% gain in the first.
As a result, two years after the recession ended, the economy still hasn't made up the ground it lost, giving Obama the dubious distinction of presiding over the most prolonged economic recovery since the Great Depression.
This isn't just slightly bad. It's monumentally bad.
(Excerpt) Read more at investors.com ...
The head ‘rat needs to acknowledge that the Golden Goose is not amused by being choked, starved, chased, plucked and will not produce until left alone, no matter how many TOTUS tirades are delivered.
endless government intervention.
“The Endless Economic Recovery”
*****************
Perpetual war, crises, intimidation, demonizing, ridicule, etc, etc.
-alinsky
*****
It's the one thing Obama may be good at. Kind of.
Obama speak on the economy is like listening to crop reports from the old USSR. He even talks in 5 year plans
Zer0 could always get L. Sinclair to do the foul(sic) choking that the rest of America won’t do.
We've been in a real contraction/recession since 2008. All Obama does is make it worse.
A big part of it is the excessive spending in Washington. And borrowing the money out of thin air to in order to have something to spend.
R. I. P. (running in place)
The “Endless [Recovery] Summer”...
Hey Ben, the surf’s not up dude!
What the heck is Investors.com? Phrases like “economy not fully recovered” conveys the fiction that there ever really was a recovery. Not. This is one more stock market outfit that’s in the tank with the Usurping Marxist Onada.
That these people can parrot this nonsense with a straight face while other people buy their trash is amazing. Actual unemployment is between 20-25% (Depression era unemployment was around 30%) and rising. Onada’s monetary policies prevent the private sector (the actual wealth source of any economy) from investing in the future. Onada’s energy policies force America to be dependent on oil from enemy and/or unstable countries. Onada’s social policies (Onadacare and pandering to illegal aliens, for example) are and will drain the economy of trillions of dollars annually. Onada’s environmental policies are driving American companies out of business and unemployment up.
Onada and his band of angry commies have seriously impaired the security of this country. We have Russia commemorating his image on a stamp. And we have the Onada gang delivering our treasure and military secrets to our South American, Asian and Islamoterrorist enemies.
There is no reason to believe any of this will even begin to get better until The Usurping One is ousted from office. In fact, there is every reason to believe it will only get worse. Hell, Onada’s little war on Gaddafi has delivered the dictator’s weapons of mass destruction to the Islamic Brotherhood (aka Al Queda).
In the face of all this mayhem how can anyone talk about an economy that’s not fully recovered? About the only thing Investor’s.com puts on paper is good for is toilet paper.
According to the Bureau of Labor Statistics http://www.bls.gov/news.release/cpi.nr0.htm the CPI for the 12 months ended in July, 2011, was 3.6% and the GDP in the second quarter was 0.4%
If that’s not recessionary, then what is??
A corrupt President with a corrput Congress and a seriously Constitionally Challenged Supreme Court......yep, that’s about the sum of it.
Zombies with credit cards just having one heckuva party. They really ARE in a different world folks...and they consider us a food source.
If this recovery gets much better I’ll be filing bankruptcy.
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