The “recovery” has been non-existent since the summer of 2010.
An economy is “recovering” from a recession when the growth rate accelerates to a level that exceeds the long term growth rate (about 3 and 1/2 percent above inflation). By this definition, the economy began recovering in the summer of 2009, as companies cut their losses and began to turn a profit, largely by laying off less experienced employees and closing down non profitable operations.This set the stage for the cyclical return to prosperity that we have witnessed in the 1920’s, 1950’s, and 1980’s. But when Obama’s plans to increase taxes and make energy prices “skyrocket” went public and his hostility to small business became clear, the recovery disappeared. Thus, our jobless non-recovery, and the longer it goes the more our productive skills will atrophy.
I don't see the possibility of any recovery - the o will make sure of that. The world is headed straight into 'one world government' - the pipe-dream of socialism.