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When Will They See That This Is One Bad Recovery?
SFC USA, (RET)
Last comment by Funkentelecky 1 year, 3 months ago.

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How’s the left-wing, ivory-tower, we-know-best elitist Obamanomics working for you? Here’s the news.
First-quarter gross domestic product numbers for 2013 were recently revised -- downward from 1.8 percent to 1.1 percent. For perspective, four years into the recovery from the last deep recession in ‘81-’82, the economy grew at 4.1 percent.
What about the declining “labor force participation rate”?
This counts the percentage of civilians 16 years and older working or actively looking for work. When President Barack Obama took office, the labor force participation rate was 65.7. Today it is 63.4, up 0.1 from April’s 34-year low. Frustrated, many able-bodied and able-minded would-be workers have simply given up looking for jobs.
The number of people receiving federally subsidized food assistance today exceeds the number of full-time, private-sector working Americans. The number of Americans receiving foods stamps (now called SNAP) has reached 47.5 million, increasing an average of 13 percent a year from 2008 to 2012. Almost 9 million disabled American workers currently collect federal Social Security benefits -- double the number of disabled in the late ‘90s -- many admitting that they could work, but choose not to look.
Just to break even -- to keep pace with new entrants into the market -- the economy must produce 150,000 jobs per month. To date, Obama’s four years of recovery have produced 4,657,000 jobs -- an average of 97,020 per month. At this juncture in the ‘80s, following the last big recession, the economy had produced 11.2 million new jobs, or 233,333 per month.
Even left-wing media outlets like ABC and The Washington Post cannot pretend that this is normal. About the advance estimate of the most recent quarter’s dismal 1.7 percent growth, a Post business writer said: “It isn’t even mediocre. It’s terrible. It’s a sign of the diminished economic expectations … that it’s anything to crow about at all. ABC called this latest report “disappointing.” Of course, neither ABC nor The Washington Post attributed the disappointing results to anything President Obama has done.
But President Ronald Reagan took an entirely different course than has Obama. Reagan dramatically lowered taxes, reduced the speed of domestic spending and continued deregulation policies of Jimmy Carter. The economy took off, and three years into recovery, had produced an 8.9 percent increase in civilian employment -- almost 9 million jobs, with a post-recovery GDP that averaged over 5 percent.
The Reagan recovery was no aberration. Spending and tax cuts between 1922 and 1929 gave us the so-called “roaring ‘20s,” when unemployment fell from 6.7 percent to 3.2 percent, and real gross national product grew at an annual average rate of 4.7 percent. Similarly, when President George W. Bush lowered taxes, the economy took off, and the unemployment rate went down to a low of 4.4 in 2006.
Democrats brag about the robust Clinton economy. But President Bill Clinton inherited an economy in its 22nd month of recovery. And Democrat historians ignore the economy-damaging measures that Clinton attempted -- most notably HillaryCare -- but could not pull off because Republicans stopped him.
Seventy-four percent of small-business owners say they plan to reduce hours, put off hiring or fire people to minimize the impact of ObamaCare. ObamaCare kicks in at 50 employees and applies to full-time workers. So employers keep the number of workers under 50 and-or reduce hours to less than full-time (30 hours or more), and they get around ObamaCare. What this does to the economy and job creation is another story.
In 2009, Obama’s economic team outlined the path of the economy “if we do nothing” versus the path of the economy with Obama’s plans for stimulus and ObamaCare. Team Obama predicted an unemployment rate, at this point in the recovery, of 5 percent -- with his “stimulus.” If Obama did nothing, they predicted, unemployment would reach 5 percent by the beginning of 2014. Today unemployment is at 7.4 percent, artificially low considering the number of people who have given up.
What will it take for them to say they were wrong? How many more Americans must remain unemployed or underemployed before the left stops blaming G.W. Bush, the GOP-led House or global warming?
Historically, the deeper the recession, the higher the bounce back. Since World War II, this recovery has been by far the weakest. The question is why.
Our history shows that burdening the productive through higher taxes, especially during sluggishness, hurts the economy. Imposing billions of dollars in new federal regulations, as this administration has done, hurts the economy. Placing nearly one-seventh of the nation’s economy -- via ObamaCare -- under the control of the federal government hurts the economy.
This is an arrogant administration led by a man distrustful of the private sector and devoid of experience in it. Obama is cheered and emboldened by a compliant media that would “report” relentlessly on the “jobless recovery of President X” were these the economic numbers of a Republican president. Stacked with power-assuming administrative “czars,” the Obama administration fancies itself enlightened and noble, in complete possession of the wisdom needed to know from whom to take and to whom to give.
Therefore, to paraphrase former Secretary of State Hillary Clinton, “What difference do these bad numbers make?”

http://www.larryelder.com/b/When-Will-They-See-That-This-Is-One-Bad-Recovery/-533313277962360584.html

Here’s Larry in his own words, triangulating the differences between the Reagan recoveries compared to Obama’s. And he also points that Clinton took office amongst a 22 month economic recovery from HW Bush.

http://www.larryelder.com/site


Latest Activity: Aug 18, 2013 at 6:17 PM


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Sheran commented on Sunday, Aug 18, 2013 at 19:51 PM

I already have friends finding out the hard way! Employers are finding ways to fire women in their mid 30's due to "Obamacare" It cost a lot more for women to be insured than men or children. As for "Medicaid" do a cold call, ask, do you accept Medicaid? If you find one that says yes! Let me know.... I have a very dear friend still looking.

Funkentelecky commented on Sunday, Aug 18, 2013 at 20:02 PM

Sheran, thanks for your response and te truth will set us free. Did you check out Larry in his own words? It is the truth about the failed policies of Obama! "The Boy King"

Funkentelecky commented on Sunday, Aug 18, 2013 at 20:05 PM

Martin Luther King Jr. was proud overlooking the progress of America on January 20, 2009 and he was rolling over in his grave on March 23, 2010!

Sheran commented on Sunday, Aug 18, 2013 at 20:53 PM

President Lincoln is rolling in his grave as well, don't ya think... SNAP is for the very poor! Watch the movie based on Dr. Ben Carson "Gifted Hands" and listen to the wise words of his mother...

Funkentelecky commented on Sunday, Aug 18, 2013 at 21:51 PM

Yes ma'am, I will see it soon and Abe I agree Abe is disappointed too as he sacrificed his life for the freedom of all Americans.

HMJC commented on Monday, Aug 19, 2013 at 12:18 PM

Funky,

They will never see it is bad change because if they acknowledge it; they acknowledge that they are part of the problem! All of these "jobs" that are being created...2/3 part time with no benifits which will result in further hardship because this class will be penelized for not enrolling in a healthcare exchange. Double Jeopordy anyone?

SledgeHammer commented on Monday, Aug 19, 2013 at 16:05 PM

The first problem with this blog is believing that the US is in recovery. There has been any change in that.

Sheran commented on Monday, Aug 19, 2013 at 19:05 PM

Naw, Jimmy. Christy messed his self up when he slobbered all over Obama after Sandy.

Funkentelecky commented on Monday, Aug 19, 2013 at 19:31 PM

When liberals say they like a Republican you can forgot about him or her winning because they will always vote for the progressive big government handout Democrat. Christie is a good man but I don’t think he could win; it will take a principled Conservative or Republican Libertarian to win in the general election. Romney came close and he is a moderate Republican. Herman Cain could have won the general against Obama that’s why they smeared him to hurt his family and credibility. Why do I say this look back to the 2000 re-election of Bobby Rush in Chicago he mopped the floor with Obama with his street creed and exposed the empty suit of Obama when he challenged Rush for his seat in the House of Representatives. Herman would have taken the racism and cynicism out of the debate and Obama would have been toast.

Check out the New York Times article below:

http://www.nytimes.com/2007/09/09/us/...

Check out these statements from Bobby Rush about Obama:

http://dailycaller.com/2012/03/28/bob...

So Bring on the Ben Carson’s and Rand Paul’s because these are the type of leaders that can win a general election .

Sheran commented on Monday, Aug 19, 2013 at 19:54 PM

Funk, I say Ben Carson and Mike Huckabee....

Funkentelecky commented on Monday, Aug 19, 2013 at 20:38 PM

Sheran, I say with that combination America would be blessed and on the road back to prosperity for all!

Sheran commented on Monday, Aug 19, 2013 at 21:06 PM

That's the way "We The People" need it now! The feds are now figuring this out "go pee first"...

http://www.foxnews.com/politics/2013/...

Sheran commented on Monday, Aug 19, 2013 at 22:09 PM

No Sir! We're Bushed out.... as the Dem's are Clinton out.............

Sheran commented on Monday, Aug 19, 2013 at 22:30 PM

We are tired of fighting the Bush war, Obama took the credit for Osama bin Laden.
Clinton took the blame for Benghazi the death of AMERICAN'S for Obama.... No Sir...

HMJC commented on Tuesday, Aug 20, 2013 at 08:19 AM

Sponge Bob anyone?

HMJC commented on Tuesday, Aug 20, 2013 at 16:31 PM

I just don't see Hillary going the distance. With that said the same was said about obama but Ms. Clinton has a full closet of skeletons and contridictions to dredge up. As for the GOP, unless they unite as a party and fully get behind their canidate whomever it ends up being, as JM would say, the DEMS by a nose...

Funkentelecky commented on Saturday, Aug 24, 2013 at 16:38 PM

sebekm commented on Friday, Aug 23, 2013 at 00:14 AM

The Dem candidate in 2016 will be favored to win. The leftstream media wouldn't have it any other way. BLAME BUSH I & II only worked because the media continued to sell it day after day. The President is still getting a pass, and the only way they would ever give even-handed coverage to a GOP candidate is if that candidate was a black female. Even then, the left would label her as an Aunt Thomasina, and paint her as a traitor to their cause.

JimmyMack commented on Friday, Aug 23, 2013 at 10:31 AM

Well, Sebe, I guess the Big Fix is in then huh? Why even campaign, primary, nominate, or have an election?!
The Media is in charge. The Republic is Dead and there is No hope.
That's one far out message your sending out Sebe. A bit paranoid, but a message nevertheless

Chief, your’e right the Democrats are the favorite on all general elections out the gate because of the Lamestream media and Tim Grossclose the author of “Left Turn” has scientific research to prove it.

http://www.youtube.com/watch?v=03D4ZX...

JM, I agree with your first two sentences because of personal experiences and Grossclose scientific proof. There is extreme bias for a conservative in the Republican party. We even had the IRS suppressing conservatives ability to get out the vote the last 3 years and even though BHO won it was by 2 million votes that was even less than Dubya’s. The main reason the Democrat progressive party wins a general election today is because of media bias by the left. Here is even more reasons why below:

Uploaded on Aug 26, 2011
Seven of the top eight news channels plus nearly all the talk and comedy shows and nearly all the printed news have a liberal bias yet most people can't see through that nor see how much it influences elections. Tim Groseclose, author of "Left Turn" claims he's come up with a scientific method to measure it.


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