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Let's not get hung up on the definition of economic recovery or two quarters of growth. Look at the bigger picture and the direction Obama is taking our country. Not so rosy, is it?
Not bad either.................
Jobs are coming back..... we are now at a 8.2 unemployment level etc etc
In Europe who have used the Austerity measures similar to what the Republicans want here...unemployment is much higher and recovery from thr recession is slower.
Obama's policies are working and it is agreed by most financial experts that we are definately on the right track.
Will it be a up and down ride...... yes but it is still moving ahead and not backwards .............. so yes it is rosy and hopefully it will get even rosier... there is never room for compaicency but Obama is getting America out of the deep hole we were in..................
Not bad either.................
Jobs are coming back..... we are now at a 8.2 unemployment level etc etc
In Europe who have used the Austerity measures similar to what the Republicans want here...unemployment is much higher and recovery from thr recession is slower.
Obama's policies are working and it is agreed by most financial experts that we are definately on the right track.
Will it be a up and down ride...... yes but it is still moving ahead and not backwards .............. so yes it is rosy and hopefully it will get even rosier... there is never room for compaicency but Obama is getting America out of the deep hole we were in..................
so three years of economic recovery equates to 11.5 million more Americans on food stamps, and an extra 4.9 TRILLION in debt?
along with the loss of the american dream of home ownership for many people in the last 3 years, and 7.9 million people not paying their mortgages currently.
In the words of Metallica, 'you know it's sad but true'!!!
With the exception of the automobile industry, Obama's economy is turning out to be just as weak and comatose as was widely predicted when the spending spree started right after he was elected.
Well, let's see..... Kudlow, Brinker, Cavuto, and Sullivan disagree with you. The recovery, weak as it is, is still a recovery by definition, that is, two consecutive quarters of positive GDP growth.
Regards
Slowest economic growth, worst recovery ever, at this rate it will take us twenty years to recover what we lost.
Deep recessions are supposed to be followed by strong recoveries, but, under Obama, the worst recession since the 1930s has been followed by the slowest economic recovery in the history of the republic. In a very real sense, there has been no recovery at all—things are still getting worse.
The current recovery began in the second half of 2009, but economic growth has been weak. Growth in 2010 was 3% and in 2011 it was 1.7%. Who knows what 2012 will bring, but the current growth rate looks to be about 2%, according to the consensus of economists recently polled by Blue Chip Economic Indicators. Sadly, we have never really recovered from the recession. The economy has not even returned to its long-term growth rate and is certainly not making up for lost ground. No doubt, there are favorable economic numbers to be found, but overall we continue to struggle.
The Bureau of Economic Analysis reported today that gross domestic product (GDP)—the broadest measure of the nation’s economic activity—expanded by 2.5 percent (expressed as an annualized rate) in the first three months of 2013. This is up from the previous quarter’s 0.4 percent growth as well as an improvement over the 2.2% growth of 2012. Yet this 2.5 percent rate is essentially just above stall speed, as it will exert only the slightest downward pressure on unemployment.
There is a recovery, but it's the weakest in history and arguably weaker than had we done nothing, but at least those green companies got funded - just before taking the money and running.
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