Posted on 06/21/2010 7:52:25 AM PDT by Slyscribe
Job recoveries have been increasingly sluggish over the past several recessions and the current downturn looks to be the longest since at least World War II. It took 28 months for employment to return to its pre-recession peak following the 1981 downturn; 32 months after the 1990 slump; and 47 months after the 2001 recession. Today's jobs slump, already at 29 months, could last five years or more, analysts say.
(Excerpt) Read more at investors.com ...
You mean the non-recovery recovery?
Why can’t they be honest enough to discuss under the table employment of illegals, even if just to dismiss its importance, if that’s their stance?
There will be no recovory until Obama leaves office. Obama’s malaise just like Carter’s prevents businesses and investors from being willing to expand or take risks. We don’t trust him, we don’t trust congress.
We are waiting him out.
Government manipulation of economic numbers/statistics will never reestablish a true and healthy economy until it is stopped dead in it's tracks.
Only thing is, the damage they have done is not repairable or sustainable. It has been allowed to go on way too long and the damage caused is too severe to easily turn around.
It will now take a complete rebuilding of our system from the ground up. Yet, we all know this will not happen because the American Publik is too far gone to know or care that this is happening. They will gladly accept what ever tyranny this Marxist Government hands them.
There is no “recovery”; it’s a fabrication of the MSM Democrat propaganda machine and as such it’s wearing perilously thin.
Further, there will be no recovery for the forseable future because there’s no competent political solution.
I’m on ‘slow roll’ here too.
But until the goverment allows more free entry for small business creation, we’re doomed to stew in malaise.
There will be no sign of recovery until Jan 2011 when hopefully the democraps are voted out of office due to their bad performance.
Just heard on the news that Texas added 43,000 jobs last month. Best employment gain in three years.
It will continue to go slow as long as this regime is in charge. There is a massive tax increase already set for next year when the Bush cuts “expire,” everyone expects inflation to kick up at some point due to the unprecedented deficit spending, and these idiots are ready to hit the economy again with cap and tax. Who will invest serious money while these morons are taking a wrecking ball to the economy???
And of course, no idiot will build a business where it is likely he/she will have to pay massive taxes, have employees appointed to him/her and then the risk of Zero going hog wild and then seizing it.
I’m sure that higher minimum wages, higher unemployment benefits, greater regulation of business etc. had NOTHING to do with this lengthening of recovery periods.
Indeed, to speed up recovery, we should increase the minimum wage, increase and extend unemployment benefits and regulate the bejesus out of greedy business owners. While I myself may be joking about the latter, I fear that some of the president’s advisors might actually think these are good ideas.
I wonder how long it took most people to realize they were living in a great depression in the 1930s. I’m sure it didn’t sink in over night.
Ignorance is bliss I suppose.
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