Tag Archive: Stagnation


The Economy’s Worst 8-Year Run In 62 Years

 

8yearGDPgrowthPostWW2to2014

 

 

 

” A couple of publications have noted that 2014 was the ninth consecutive year during which the U.S. economy grew by less than 3 percent.

  They’re being too kind. Last year was the eighth year in a row of sub-2.5 percent growth, following four straight years (2003-2006) of higher growth.

  It’s hardly a coincidence that the first year of that awful 2007-2014 streak just so happens to have been the same year that the Democratic Party took legislative control in Washington.

  The nation’s political and media elites were quite pleased with themselves when the November 2006 elections brought about that result, largely because their daily hostility to all things Republican and/or conservative contributed mightily to it. They were absolutely ecstatic when Barack Obama, Mr. Perfectly Creased Pants, won the November 2008 presidential election and took office in January 2009.

  As will be seen shortly, the former event marked the beginning of the U.S. economy’s worst eight-year stretch since 1945-1952. Obama’s presence in the Oval Office until January 2017 virtually ensures that we’ll have at least two more years of the policies which brought on that miserable result.”

 

Read on at PJMedia

 

 

 

 

 

 

 

 

 

 

 

John Stossel

 

WHY DOESN’T EVERYONE GET IT? Jobs and $ rush to states that make doing biz easier! 

More tonight at 10 PM on Fox News — with John Vargo.

Morning Bell:

Anemic Job Growth Continues

 

 

 

  ” Job growth continues to sputter—this morning’s jobs report shows that 12.1 million Americans are still out of work. Employment is still below where it stood when President Obama took office.

Going against other economic indicators, the unemployment rate dropped to 7.8 percent. Economists are already looking into the drop, saying it seems to be a statistical fluke, because it doesn’t match up with the sluggish job creation and recent downward revision of GDP growth. Heritage’s J.D. Foster says:

One time out of a hundred, the true figure will be much different than the reported figure. One time out of a hundred for a monthly survey means about once every eight years. What seems to have occurred with the September household survey is the one time in a hundred. The last time the household survey showed such a huge jump in employment was in 1983 during the Reagan-era economic boom. Today’s economy does not look much like the Reagan boom. “

“Is 2012 turning out to be another 1980? After seeing and hearing the Democrats at their convention in Charlotte, it’s almost becoming eerie at this point. The sad truth for Democrats is that little has changed in 32 years.”

  “There’s an unmistakable feeling in politics that you get when you don’t feel quite right about your guy anymore; those feelings were rampant inside Madison Square Garden in 1980 and again at Time Warner Cable Arena this week. The feeling is palpable, and it sometimes signals pending doom.”