Article

2014-06-05 Economy

The Obama Recovery: As Bad as (or Worse than) the Great Depression?

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Posted by DarthVader 2014-06-05 11:27|| || Front Page|| [4 views ] Top

#1 As the graphs show.... almost.

I've said it before and I'll say it again, we are in a depression. And we'll stay in it as long as the costs of job creation and retention are so high. (see regulation and taxes)

Posted by DarthVader 2014-06-05 11:28|| 2014-06-05 11:28|| Front Page Top

#2 Im certainly not contending that the level of human suffering in 2014 is anywhere near what it was during the 1930s.

And the press/media of that time didn't play it up as well? (F)*unemployment was 25% in 1933. That meant 75% were working. Things were bad, but they were also relative. We compare the deprivation between the unemployed circa 1930 and what we have today instead of what even the employed at the time had compared to the unemployed. One should see what working class had to live with or without.

*the crock that O apologists have promoted in print this time around.

Posted by Procopius2k 2014-06-05 12:01|| 2014-06-05 12:01|| Front Page Top

#3 There has been no recovery. However there has been massive market manipulation, debasement of the US currency, socialization of losses and privatization of gains on a scale previously unknown to human history, the greatest theft in history currently being carried out by agents of the US government. Where's my remote?

Posted by Anguper Hupomosing9418 2014-06-05 12:43|| 2014-06-05 12:43|| Front Page Top

#4 Like most slumlords, Cmdr. Zero is keeping appearances up until all the piping, etc. goes to $hit and the real damage can no longer be hidden.

My $ is that he thinks, like far too many of his predecessors, he can keep the game up and stick the consequences onto the next Admin.

Posted by Uncle Phester 2014-06-05 12:45|| 2014-06-05 12:45|| Front Page Top

#5 Better to be unemployed now than working in 1937. The massive wealth machine of the United States has made this possible. We don't have hunger we have "food insecurity" which means you don't know where your next Whopper is coming from. We don't have greasys wall due to screwed up kerosene lanterns, we have life line electric bills, we don't have dying in the hollows for lack of heat we have a damn strategic supply of heating oil. Life is much better for all of us even the very lowly, we are only starved for an idea, a purpose, a goal, a target --- a frontier if you will. Yeah I know. Been done. But I'll proffer the idea that perhaps our angryness is the pent fury of no horizons. I suspect my friend ThreeDaysofTheCondor is seeking a remedy for this. Mean while let's brighten up War Plan Scarlet and prepare to over run as much of central Canada as we can.

Srsly.

Posted by Shipman 2014-06-05 12:46|| 2014-06-05 12:46|| Front Page Top

#6 Hey, I'm looking forward to recovery Summer 5.

Anyway, whomever takes over from O will probably have to contend with O's minions taking credit for the economic recovery that occurs after regulations are removed and such.

Posted by rjschwarz 2014-06-05 14:39|| 2014-06-05 14:39|| Front Page Top

#7 Shipman, have you read this? A real, live economist agrees with you and has the numbers to prove it!

Not your grandpas inequality
By Robert J. Samuelson, Published: June 1

Posted by trailing wife 2014-06-05 17:40|| 2014-06-05 17:40|| Front Page Top

#8 Thanks TW, some folks can write good.

Per capita incomes rise. Two people with $75,000 are better off than four people with $75,000.

Or as my sainted Mother said when I was discussing living arrangements with DDDDDMMMMM she allowed that it was feasible, since 2 can live as cheaply as one, but it costs twice as much.

Posted by Shipman 2014-06-05 17:59|| 2014-06-05 17:59|| Front Page Top

#9 Old:
GM is alive, bin Laden is dead.

New:
Taliban is alive, GM charged with manslaughter.

Posted by swksvolFF 2014-06-05 19:42|| 2014-06-05 19:42|| Front Page Top

22:58 SteveS
22:38 Rob Crawford
19:42 swksvolFF
19:26 swksvolFF
19:12 Ebbang Uluque6305
18:44 tu3031
18:42 trailing wife
18:32 tu3031
18:30 trailing wife
18:27 Zenobia Floger6220
18:26 trailing wife
18:24 Uncle Phester
18:20 swksvolFF
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18:09 mom
18:00 mom
17:59 Shipman
17:52 Shipman
17:51 Shipman
17:51 Uncle Phester
17:49 Shipman
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17:40 trailing wife
17:30 JohnQC