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We are now in the sixth year of recession and things don't appear to be getting better any time soon. Does anybody think its possible to ever return to 2004-2007 level growth like we had when Bush was President? The Bush economy was by no means a boom like Clinton's was, but it was a comfortable time and most Americans were better off than they are today. Bush was President eight years and 2008 was only one of those years. Most of his presidency he presided over a growing economy. A return to that level of growth would be an acceptable recovery.
Or is this the new normal and the best we'll ever see the economy going forward?
We are now in the sixth year of recession and things don't appear to be getting better any time soon. Does anybody think its possible to ever return to 2004-2007 level growth like we had when Bush was President? The Bush economy was by no means a boom like Clinton's was, but it was a comfortable time and most Americans were better off than they are today. Bush was President eight years and 2008 was only one of those years. Most of his presidency he presided over a growing economy. A return to that level of growth would be an acceptable recovery.
Or is this the new normal and the best we'll ever see the economy going forward?
We are not in a recession. No one can accurately predict when the next strong growth period will begin or what will set it off. However, it does no good long term to have growth fueled by bubbles that will eventually pop and do long term damage to the economy. In part both the booms during Clinton's and Bush's presidency were created by non sustainable bubbles.
I would actually say that all of the growth that happened after the late 1980s outside of tech was mostly an illusion, caused by the availability and mass overuse of credit cards.
To answer your question, no I think like Japan, our economy is simply maxed out and done growing. It won't necessarily get worse, and it's not necessarily a bad thing for it to not be growing anymore.
We are now in the sixth year of recession and things don't appear to be getting better any time soon. Does anybody think its possible to ever return to 2004-2007 level growth like we had when Bush was President? The Bush economy was by no means a boom like Clinton's was, but it was a comfortable time and most Americans were better off than they are today. Bush was President eight years and 2008 was only one of those years. Most of his presidency he presided over a growing economy. A return to that level of growth would be an acceptable recovery.
Or is this the new normal and the best we'll ever see the economy going forward?
You want Bush level recovery? Look at this graph and let me know if you see any difference between how Bush v Obama handled things:
no the budget has failed to stabilize after bush departure. we are constantly spending in the red. u cant debt your way out of debt. we have been in CPR since obama took office.
I would actually say that all of the growth that happened after the late 1980s outside of tech was mostly an illusion, caused by the availability and mass overuse of credit cards.
To answer your question, no I think like Japan, our economy is simply maxed out and done growing. It won't necessarily get worse, and it's not necessarily a bad thing for it to not be growing anymore.
I bet you could find people in the 1970s who said the same thing. What the they weren't counting on was the potential for some new growth driver like the personnel computer.
You want Bush level recovery? Look at this graph and let me know if you see any difference between how Bush v Obama handled things:
Step back everyone. This man has a graph. LMFAO.
Everyone knows the economy was in much better shape when Bush was Prez than Obama. It's not even up for discussion. Only people that say different are complete morons.
We are now in the sixth year of recession and things don't appear to be getting better any time soon. Does anybody think its possible to ever return to 2004-2007 level growth like we had when Bush was President? The Bush economy was by no means a boom like Clinton's was, but it was a comfortable time and most Americans were better off than they are today. Bush was President eight years and 2008 was only one of those years. Most of his presidency he presided over a growing economy. A return to that level of growth would be an acceptable recovery.
Or is this the new normal and the best we'll ever see the economy going forward?
Bush, Obama, Clinton... all irrelevant. It is the polices that matter and what is certain is that if we continue the policies we have been pushing, this country is doomed. Who cares what idiot in suit is in office, focus on the policies, focus on what is important. Left, Right, it is all a sham to distract you from the fact that the devil is in the details.
We can't operate like this, we are on a path to self destruction.
I would actually say that all of the growth that happened after the late 1980s outside of tech was mostly an illusion, caused by the availability and mass overuse of credit cards.
To answer your question, no I think like Japan, our economy is simply maxed out and done growing. It won't necessarily get worse, and it's not necessarily a bad thing for it to not be growing anymore.
I agree. Everyone loves 15% underemployment. Everyone loves jobs going overseas. Everyone loves no new business start-ups. Everyone loves paying 4 chickens for a gallon of gas. Everyone loves inflation outgrowing wages. Evryone loves a complete lack of innovation by businesses.
Yep. No growth is a good thing.
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