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UCLA Anderson Forecast paints dismal picture of economic recovery
"It's not a recovery. It's not even normal growth. It's bad," UCLA economist Edward Leamer says.
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//Sarcasm OffWhy do so many people today believe with all their hearts government knows best how to accomplish anything? The only thing government accomplishes is driving up the cost, establishing monopolies and screwing up the works.
The marvel of all history is the patience with which men and women submit to burdens unnecessarily laid upon them by their governments. -George Washington
1. The source isn't valid
2. That's racist
3. GOP obstruction
4. But...but...but George W. Bush
5. Haters gonna hate
6. Repeat 1,2,3,4 and/or 5 as needed then insult the opposition for failing to support this great man, declare victory, and move on
Last edited by Rick Roma; 06-05-2013 at 02:38 PM..
Leamer said during the presentation that "growth in GDP is positive, but not exceptional. Jobs numbers are improving, but not rapidly enough, and the jobs being created are not necessarily jobs that will ensure workers a secure future".
Meanwhile, Leamer says, "......there is too little national savings to cover late-in-life health care issues and too many workers lacking the skills to compete in the modern economy".
Ed Leamer of UCLA points out that the last three recessions have all had mediocre recoveries of both output and employment. His explanation is that changes in the manufacturing sector have changed the pattern of layoffs, recalls and hiring during recessions and recoveries.
1. Goverment Policy is overpowered by technology changes
2. Fiscal & Monetary Policy get undeserved credit for a recovery
3. Technology advances, means more can be produced with fewer workers.
You use the term QE like it is the only thing you know. And your argument doesnt make sense, are you saying QE is making an artificial bubble ?
lol. It's one of their mantras. Like 'butthurt'.
Gotta love stupid.
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