US In Weakest Economic Recovery Since 1947
 

As published in today`s Wall Street Journal as the headline story

" Declining business investment is hobbling an already sluggish
US economy raising concerns about the economies durability as the presidential campaign heads into its final stretch ."

" Economic Growth is now tracking at a 1% rate in 2016 . "
" that makes for an annual rate of growth of 2.1% since the end of the recession , the weakest pace of any expansion since 1949 ".

Sorry , The Headline above should be" since 1949 and not 1947 . I should have edited the posting . The body of the quotes have been double checked .

That's because we have the weakest administration since 1947. Some economists are predicting another recession as early as this year. Hillary wants to repeat what Obie failed at with his shovel ready plan by investing hundreds of billions into infrastructure jobs. Obie failed and lost us almost a trillion bucks from the taxpayer funded stimulus plan. Apparently, Hillary is not very bright and wants to repeat that idea. And you know what they say about someone that continues to repeat an exercise that has failed continuously? Giving Hillary America's checkbook or in this case, credit card would be like taking a drunken sailor into a bar on payday evening.

You also forgot to say, the bush43 administration was the catalyst that started the decline, and Obama corrected it.

Read the article again a couple more times .

If the current administration " corrected it " why has it continued to fall to the lowest level of growth seen since 1949 ?

Terrible recovery. Another oxymoron. The reason we are in a recovery is because the wingers put us there. 401k's are higher, The Villages keeps building, and Trump will make it great again. I can hardly wait.

You are still blaming Bush . Well I should not be surprised your party still is throwing rocks at Nixon and ignoring what LBJ put this once great Nation through which we are all still paying for financially and emotionally .

Your party has never ventured this far left .If your party had been this far left in 1960 no amount of money could have secured the Nomination for JFK .

He was a Goldwater compared to Hillary and the majority of todays Dem operatives .

OK, I stand corrected. Bush's DEMOCRAT controlled congress was the "catalyst that started the decline" and Obama's democrat controlled congress failed to correct it. Satisfied now that I was a bit more accurate? Because there is ample evidence to support it. And proof that it is not "corrected" as you say is that we have a record low GDP growth. But, who's stickler for details. We should all do like they did at the DNC and raise our hands and shout Hallelujah we're saved, and everything is doing great. And it isn't. The blind have been given that fruity drink and they are drinking it. No one believes that the economy is fixed, other than the ignorant guppies that are hooked by the corrupt leaders.

:agree:...:thumbup:

That's a hard one to argue. If I was a liberal, I would at this time divert to another topic or leave for a pedicure appointment.

Thanks for you Post . Sadly there was once a time when everyone
had to demonstrate that they had at least a basic knowledge of the foundational documents and principles that this Nation was founded under .
Also they had to demonstrate they they understood the purpose of the 3 major components of our Federal Government and their roles and the concept of " checks and balances ..
But no more even Harvard grads are clueless .

Traditionally the Presidential contest isn`t really about capturing the " Hearts and Minds " of the voters .
It`s about the voters wallets . The majority chose the person who they feel will best grow the economy .

It`s the same issue that defeated Ford in favor of Carter and took down Carter after only 1 term in favor of Reagan .

You stand corrected. Please enlighten us on how the great recession was a byproduct of things that the Democrats did, when they controlled both Houses of Congress? Please! I won't hold my breathe waiting for an answer.

https://en.wikipedia.org/wiki/Causes...reat_Recession

The Republicans are trying to do everything they can to repeal Dodd/Frank.

You want to throw numbers out there on the slow recovery. Fine. Why don't you throw numbers out there on how deep the recession was? Why don't throw numbers out there on the number of filibusters that Republicans had during the early years of Obama's presidency?

Maybe the Republicans fighting everything Obama wanted to do had something to do with the slow recovery. No, that can't be.

As far as the blame is concerned, Republicans can't run away from start of the great recession that bottomed out in mid-2009, and throw all the effects of it on the Democrats. But keep trying, it fits you well.

I'm sorry but I have argued this with you libtards over and over again. Go back an read some other posts because knowing your type, lazy you won't bother and even when I provided proof such as Dodd/Frank, etc. you still denied it. On the other hand, you blame Bush who has NOTHING to do with the money, just as you said about Obama. Go back and look at what Clinton was responsible for. How many times did Bush ask for an audit of Fanny and Freddy and was turned down by Barney Frank? Yep, and what eventually happened?

So, go back to your hole or do some of your own research. Every time I dig up the information, I get the same lame cr@p from you libtards

The Republicans lost control of congress two years from Bush's end of his second term. What was employment and the economy like before that? Great, right? Economists said it was considered FULL EMPLOYMENT.

Now, Obama brags about his low unemployment but forgets about the record high amount of folks of working age that have quit or are not in the working force Something like one of three working aged adults over 16 years old. 45 million STILL on food stamps, a historic number. In this administration we have never achieved a 3% GDP growth, the first time in history. The first president not have achieved 3% during his two terms.

So instead of making excuses for your messiah, you might want to face reality. Hillary said she will continue the same And you know what? Hillary is soooo lazy, she will.

The naysayers who are trying to deny the facts of the failure of our current economy are also avoiding the doubling of the debt under the rule of " The Anointed One " .

How true.

The Dems who post regularly on this site are only capable of cutting remarks and name calling .

Consequently when it comes to dealing with facts such as our current stalled out economy they avoid the subject .

Why didn't you come out of your rat hole, when republicans here made totally stupid beyond belief statements about the cause of the great recession? Someone even praised the stupid statement, but you keep your mouth shut. Didn't you!

Whatever you post can not be questioned, because what you are the almighty, and can do no wrong?

http://democrats.financialservices.h...e_timeline.pdf

Isn't that great there was full employment in "W's" first six years? As soon as the Democrats gained control everything changed. What did the Democrats do in those two years that caused the collapse? As soon as, the Democrats took control "W" saw the light of day, and started asking for audits of Freddie, and Fanny. Is that what you are trying sell?

You know what "W" was handed a balanced budget. What happened to that, unfunded wars, and a large cut tax most of which went to the wealthy. What did he pass on? The Great Recession.

You don't think that the Republican Senate filibustering everything contributed to the speed of the recovery? What did the Republicans ever put forward to help the recovery? They were more interested in regaining the White House in 2012 then they were in helping the country get out of the recession.

Dodd/Frank was enacted to prevent another crash like 2007/2008. There was a Consumer Protection Agency set up to overlook Wall Street. They wouldn't approve the person named to head the agency, Elizabeth Warren. That worked out well for the Republicans didn't it? The Republicans are doing everything they can to repeal Dodd/Frank, or they to make it worthless. The Republicans are in bed up to the ears with Wall Street. Hillary might be in bed with them, but she has her legs crossed. She will be going after them, when she is elected president.

What do the Republicans always push, international trade bills that help big business. How many manufacturing jobs have moved overseas due to these trade bills?

When you compare the great recession to others after WWII, you are not comparing like items. The Great Recession as suggested by its name was a lot deeper than others, and road to recovery, manufacturing jobs, was a lot smaller. You are not talking apples and apples.

Figures lie, and liars figures. That is exactly what the Republicans are doing was spouting the current numbers. They are hoping everybody is stupid enough to believe times haven't changed.

First time in history GDP didn't exceed 3% is that right.
• U.S. - Real GDP growth by year 1990-2015

Take a look at the Bush years.

The right (and especially those here in TV, who can simply look at their investments for proof)...absolutely HATE this graph. :1rotfl:

Sorry boys and girls...it is what it is. ;)




:wave:

CNM

How true.

How true.

Are you fvcking serious? :ohdear:

To even make that statement, when any thread in this forum proves that you're either lying or ignorant...takes an extraordinary amount of blindness. :oops:



:wave:

CNM

Wow, someone sure pi$$ed in your Wheaties. I would like to shake their hand if it was possible.

Sure, Hillary is going after them...wink, wink. That's why she is receiving millions from them. Don't worry, we'll keep it quiet. After all, Hillary won't be able to go after them when the obstructionists prevent her every step of the way, right? Wink, wink.

The making of the 2008 financial crisis began in 1977 when Carter passed the Community Investment Act. Bill Clinton pushed that same agenda and with the assistance of both Dodd and Frank suddenly underwriting rules were thrown out the window and anyone who said s/he wanted a house got one via Fannie and Freddie. It was obvious to everyone but not one politician nor the FED had the guts to do anything about it.

When the sky fell Obama threw money at the problem and that money landed in the pockets of Obama's minions. Obama broke long standing rules and stiffed General Motor creditors (bond holders) when bailing out GM and arbitrarily giving a substantial portion of ownership to the union. ...a unprecedented and illegal move.

To fix the "too big to fail"problem Dodd-Frank devised a plan that in effect didn't resolve the too big to fail problem it just shifted the burden to taxpayers For the sake of brevity much of what was written in Dodd-Frank only exacerbates the same situation that created the bubble buster in 2008

Obama and Company have continued with their irresponsible and ineffective spending campaign. Fannie and Freddie still allow anyone who desires a home to have one. Students who claim they didn't get what they paid for are granted forgiveness. heck 1/3 of the students who took out loans didn't even know they were obligated to pay them back. SO now we have Hillary calling for free college education. and anyone with an IQ over 30 knows
where that all is heading

The FED working with Obama has been in a long campaign of helicopter money. the interest free money has not helped anyone except Wall Street and clearly has harmed retirees. The FED needs to be audited and from my personal view eliminated because all they have done is create more uncertainty...

As the OP stated this is the most anemic recovery since 1949. so what do Obama and Company do to explain less than a 2% GDP growth label it the "new normal"

Republican on the other hand have repeated for the last eight years that growth is possible with business friendly regulation and tax policies that create incentives for businesses small medium and large.

but that doesn't fit the progressive agenda because how can they pay for free stuff As Thatcher once stated the problem with socialism is ...what do you do when you run out of other people's money

Using Obama's favorite word "it is audacious for progressives to think their platform benefits America and the last eight years has proven what a disaster it really is

Personal Best Regards:

:thumbup:

How can someone be pi$$ed, when the ignorance and blind loyalty shown here of a thin-skinned, megolamaniacal, racist bigot...is so damned entertaining? :1rotfl:

That's just not possible. :D


:wave:

CNM

Yes, of course.

You have to be kidding. How do you make the tax code any more friendly for businesses?
16 Giant Corporations That Have Basically Stopped Paying Taxes -- While Also Cutting Jobs! | Alternet

Not only did GM not pay taxes on 81 billion of income, but they got a refund of 3 billion. How much more friendly do you want to get?

Republicans here keep pointing to people on food stamps. When you underpay your workers with a minimum wage that is not a living wage, people do receive food stamps, but the business is also benefitting. Wal-Mart was one of the businesses that got this backdoor benefit. They have said that they will be increasing their pay levels to above minimum level, but they had to be shamed into doing it. Trump wants to lower the minimum wage, or do away with it. This won't have an effect food stamps.

The Democrats are pushing the break up of big banks. This undoes the 2008 Republican fix, which made banks to big to fail bigger. The Republicans are going right along with this. Sure, they are.

You keep about talking about a slow recovery. Never once do you mention the depth of the 2008 Recession. You try to treat all recessions as the same to fit your agenda the recovery was slowest in 60+ years. There is no mention at all of the economic conditions. Did globalization exist at the level it is now for the years 50's thru early 90's? No, everything is the same nothing has changed, since 1950.

The Republican plan for the economy is going back to the Reagan era, supply side. How many does that have to fail before it sinks in to Republicans that supply side doesn't work? Apparently not enough yet.


How is GM doing now? Where would the country be, if it went out of business? How many small business would have went out of business, if GM went through bankruptcy? Even when the outcome benefits the country, Republican still bitch about the results. Their biggest problem is Obama helped the country, and goes against their belief that he will do everything possible to make sure the country goes down.

Hillary, and Sanders were pushing for free tuition as state colleges for people that couldn't afford to go there without getting in large debt.

Dodd and Frank never said everyone that wants a house should be able to buy it even though they couldn't afford to pay for it. The next thing that you are going to throw out there is they were for grouping worthless home mortgages together getting rating agencies to classify them as AAA and peddling them out there to retirement plans.

When interest rates on savings were high 70's into the 80's, what was the rate of inflation? You have a doubled edge sword right now. You increase the prime rate, and interest earned on savings will increase. However, the stock market will go down, so your retirement plan will suffer.

Obama hasn't helped your retirement plan! The stock market was in the 6,000, when the great recession bottomed out. It is now over 18,000. Obama has really hurt retirees.

Please tell us in detail what Trump will do to increase the GDP. He is going to cut taxes, and hope the GDP will increase to offset the cuts. People that have looked into his tax plans have stated that it will add another 10 trillion to the debt over the next ten years.
Take a damn good look at "W's" tax cut, and see what problems that sprung from it. We want to repeat this.

The person who Posted about the impact of the " CRA " Community Reinvestment Act is dead on correct .
I saw it upfront as I was a senior executive at one of our Nation`s larger Banks and actually sat on it`s CRA Committee for many years across the Administrations of Bush I , Clinton , Bush 2 and part of Obie`s .
The " Rules " were ever changing and always very ambiguous . One set of Gvt Auditors would have one interpretation and another Audit Team would have another .
Eventually you were forced to market heavily into Minority Communities using Direct Mail , targeting advertising and finally talks at Churches to beg any minority to come in to apply for a loan in order to get increase the number of loans to minorities .
The real story of what banks had to do to meet the demands of the Gvt Regulators would probably stun you . It was at it`s worse during the reign of WJC .

As a conservative, I agree with you on the Bush tax cut. NO ONE should be exempt from paying taxes. I take that back, the disabled should not have to pay, and that includes our disabled Vets. But, Bush's tax cuts has spurred the growth of the lazy liberal ideology in our country, and the influx of millions of left wing voters. Voters that are dependent on the generosity of our left leaning government. The majority does not vote for the betterment of our country, but for the betterment of themselves.
Bush's tax cuts has created a large portion of lefty voters. Voters that pay NO taxes and have no stake in the national debt. On top of that, to have a large group of adults that get money back from IRS that NEVER paid a dime to them, is just crazy. Government funded welfare, paid once a year. A sort of bonus for being lazy and a non-producer.
I respect Bush and voted for him, but that was a bad mistake, the tax breaks. Although, they were supposed to be temporary and Obama continued them.

And these forced subpar loans took down the financial industry. The banks didn't want that sh!t, so they packaged them and sold them to the greater fool. It eventually led to the mortgage and housing meltdown.

Damn minorities, if they weren't here they wouldn't be causing all these problems. They're NOT like us, WHY do we keep trying to get them integrated? It hasn't worked, it doesn't work, it'll NEVER work.

We've WASTED $trillion and $trillion on these "people"...why? When will we learn? When will we wake up?

Lincoln said it, we're TOO different to ever live together.

How disable to get away with not contributing? Who decides? Half the "disabled" aren't really.

You government is completely corrupt. It's time to start over. That is the ONLY solution. Voting for another D or R certainly won't fix anything.

Corporations pay lots of money to have "their" politician elected. Then "their" politician enacts laws or appoints people who are VERY friendly towards the generous corporation.

That's your government in a nut shell. Your job is to work and pay taxes. That's all your government really cares about you.

Welfare for the poor being an example. The government doesn't want welfare so the poor are better off...they want welfare so the corporations can make a buck. Welfare money goes to the people and then is spent on the corporations products. Take SNAP, food stamps, they're pushed by the corporations who make the food that those on welfare eat. JP Morgan bank runs the snap card program, they get a cut of every transaction.

We're being played, slowly robbed, slowly strangled.

The Investment Bankers created so called " Synthetic Investments " thru a process that has come to be known as " Financial Engineering .
IE they " created " new types of Investments which were really based on huge bets on which way the economy and the markets would turn .
These so called Synthetic Investments were sold and resold . Then they went to the next step and " deconstructed " a given Synthetic Investment into it`s theoretical " Parts " and sold off the " Parts " to Institutional Investors such as Pension Funds , Insurance Companies and even Commercial Banks .
Few if any of the many Industry Regulatory Agencies could grasp what these investments really were or even spot them on an Investors Balance Sheet .
The " Biggest Bets " were created using highly risky home mortgages as the collateral or underlying investment . Eventually the music driving this unique game of " Musical Chairs " hesitated and then finally and suddenly stopped altogether and the entire financial system came tumbling down and down and down . Hence the huge bailout by the Gvt as an effort to avoid a deep bottomless World-wide Depression .

Please seek medical assistance before you harm yourself. I'm sure you mean well, but perhaps an anger management therapy at the very least.

The Gvt also ever decade or so wants your sons usually 18 . 19 and 20 year olds to go to some foreign land and risk their lives for some political point .

You are right about the banks being forced to write mortgages to people who would not normally have a prayer of qualifying .
However the Gvt said --- don`t worry about the risk --you can pass it off to us thru two agencies -- Freddie Mac or Fannie Mae .

It was so bad just to give you a couple of examples --- the " new home-owners " would call the Bank and tell anyone that someone needed to come over and unplug their toilet , or mow the lawn .
WE found new home-owners who would open their windows in the winter to cool down the house while the them-ostat was sitting at the max !
So we began a series of mandatory classes for new would be homeowners where they had less than 10% down and guess what ! The Regulators said that we were being Racist .
We did not want to make such loans . We were ordered to by the
Democrat Administration of Billy Clinton . Until eventually there was such a huge pile of these ugly loans nationally that BANG ! The entire thing just blew up and who took the blame ? Not Billy and his merry band of bureaucrats !

What so many seem to forget, is that loans made to high-risk/subprime borrowers (because the banks weren't hanging on to them)..... were then sold to the financial market as relatively safe investments.

The fact that derivatives/CDO's/subprime mortgage-backed securities (MBS), were invented to try and hide dog chit, by wrapping it in sirloin and then being sold as all sirloin...was the crux of the problem.

Had the major ratings agencies done their job, then high-risk loans would have been properly rated and the market would have dried up...thereby reducing the number of those types of loans given to those who couldn't afford them.

The biggest failure of Obama's administration in my mind, is that not enough of these scumbags went to jail. :mad:


:wave:

CNM

Oops, forgot to include the link. :oops:

Credit rating agencies and the subprime crisis - Wikipedia, the free encyclopedia



:wave:

CNM

This mess was caused by The Republicans pure and simple .

See Michael Moore's movie Where to Invade Next if you haven't seen it already.

When you see how Italians work/vacation, French Public School children eat,Tunisian Students learn and Spanish drug addicts are treated is so different then what we do, it's easy to question everything.

At the end of the movie the story is about Icelandic women in power. They go after corrupt bankers and send them to prison. That's why I brought this up.

Icelandic Women, maybe all of Iceland has a low opinion about how Americans treat each other.

for everyone else--have fun---plenty of room for stupid remarks

I would not watch Fat Slob Moore's movies if they were the only thing on FREE TV. He is a scumbag that is Anit-American and should be deported/exported as overweight cargo to a socialist country. Problem is, they wouldn't accept him.