You Call This an Economic Recovery?

Investor's Business Daily ^ | 08/24/2012 | IBD Staff

[IBD editorial writer]

Back in August 2010, Treasury Secretary Timothy Geithner wrote an Op-Ed titled "Welcome to the Recovery." Two years later, most Americans would be right to ask: What recovery?

Yes, the economy is technically growing, and corporate profits are up. But the pace of growth during the Obama "recovery" has been so slow that it's leaving most Americans further behind.

The latest sign: Real median household income has fallen 4.8% since the so-called recovery officially began in June 2009. That's a steeper decline than occurred during the recession itself.

[Gaffer]

The ‘recovery’ is working very well, indeed. The number of Obama leeches added to the welfare rolls has increased significantly. They’re the only ones he cares about - his voters.

[whitedog57]

No i don’t.

http://confoundedinterest.wordpress.com/2012/08/20/the-feds-slippery-ascent-of-the-fiscal-cliff-high-non-employment-to-population-ratio-low-money-velocity-declining-wages-to-gdp/

[kearnyirish2]

The term “economy” means many different things to different people; for most Americans, the economy (as it directly relates to their small part of it) has been an absolute disaster, and Obama will pay the price.

I remember Bush I losing in 1992 for an economy that in hindsight was OK (though I didn’t think so at the time); if that is what people vote on, Obama is screwed and will even lose Illinois.