PILOT SPIN

Spin Zone => Spin Zone => Topic started by: Lucifer on January 06, 2017, 06:35:08 AM

Title: Opinion: The rest of the story: What Obama won’t tell you about his legacy
Post by: Lucifer on January 06, 2017, 06:35:08 AM

http://www.marketwatch.com/story/the-rest-of-the-story-what-obama-wont-tell-you-about-his-legacy-2017-01-05

Title: Re: Opinion: The rest of the story: What Obama won’t tell you about his legacy
Post by: Anthony on January 06, 2017, 07:18:36 AM

While we may have not technically been in a RECESSION, the jobless "recovery" certainly felt like it.  But, at least Obama pressured the Fed to keep interest rates low, and also with the sickly low growth, they had a argument to do so.  That's so Obama's cronies could get rich on the stock market.  Very telling.

Quote

1. It’s (still) the economy, stupid
The expansion that began in June 2009 has been the weakest since World War II, with real gross domestic product growth averaging 2.1%. At 7 1/2 years and counting, it is also among the longest on record. But it hasn’t packed much of a punch. Cumulative growth of 16.5% since the trough is well shy of the 38.4% increase during the 1982-1990 expansion and 42.6% from 1991-2001, according to the Wall Street Journal.

2.1% growth over the past eight years?  Wow, what a recovery.  Now look even Stanley/Black and Decker is moving jobs back to America now.  What changed?