Question: How many Americans were forced out of the labor force in 2008? That really, really tremendously deep recession? The one that was totally Bush's fault?
And how many Americans are out of the labor force now, after 6 years of recovery? I think it's only gotten worse.
And how many trillions of dollars have been added to the debt over these past 6 years? Improvement? I don't think so.
And Obamacare -- net gain or net loss to American families?
Are we actually coming out of the recession? Or has it just been deepening for Obama's entire time in office?
Proof that many a so called journalists DO NOT see the forest for the trees.
But overall, small town America is still hurting and has little means to recover.
What can a small town entrepreneur do, open a hamburger stand, a corner drug store, a neighborhood hardware store, a grocery store?
Someone from out of town already owns that market and the best you can hope for is a $15 an hour job as a manager
the rate of homeownership in the United States has fallen to a 20 year low.
Perhaps Larry needs to curb his economic optimism......He’s a super Pollyanna.
The only problem is with the percentage of the US population that is making and accumulating that money.
What you are currently seeing is the consolidation of wealth. This has happened many times throughout history.
This is the tipping point where the US goes from being a republic, and becomes an empire.
And so the story of the US draws to a close.
Less happy talk and more realistic appreciation of this dire situation is called for. Only then will we start solving it.
We seem to be bumping along the bottom.
Every time we hit a bump and go up we feel a tingle go up our leg.
Every time we bump down its just the pits.
Wow. An article that actually calls it.
“..And the government has attacked the high-end movers and shakers with tax hikes and overregulation.
And unfortunately, a damaging business psychology prevails. It says that success must be punished, and that redistribution is the way to solve inadequate growth, inequality, and unhappiness.”
And I would add taxes and regulations on the people and small businesses.
Instead of some garbage about monetary policy, get the government out of businesses and peoples way; remove regulations and taxes, and watch the economy grow like crazy.
Just stop it Larry. There is no rebound you moron. 93 million people out of work. We are in an ongoing Depression not recovering from a Recession. We have no chance of seeing anything positive for at least 22 months because Barack Hussein Obama works tirelessly to prevent it.