We should have a lot of good things in the economy with a 6.7% unemployment rate. And we probably would, if we actually had a true 6.7% rate.
Of course, we do not. The unemployment rate, like most everything in the Obama recovery, is smoke and mirrors and not the true picture of the economic mess we’re really in.
I hope I am wrong, but I cannot shake the feeling that we are going to have a “lost decade”, ala Japan. None of the traditional indicators of real economic recovery are there. And if the Fed ever turns off the QE tap...
The lost decade is a certainity and will probably last 2 decades. We are already at 5 years and things are steadily getting worse all the while being told how good things are.
We are told 6.7% unemployment, yet they are pushing on extending unemployment for 99 weeks again. We are told how great things are while more than 45 million Americans are on Food Stamps alone.
We are told how goood it is..you get the picture! There is no way to reverse this downturn in just a year and certainly not with obama as President, so that is 8 years minimum.