Cancel 2020.1
Canceled
I sure hope Trump can fix things and get us back on the right track.
3.5% growth in Q3
- Thread starter Cancel 2020.1
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the biggest D: moment for me is when i read the study that said there were 1m more jobs before the recession started than at the end of obamas term.
Airstrip One
Completely Effed
Wouldn't you expect there to be more jobs before the recession hit?
after 8 years of recovery and full employment? no id expect there to be more now.
The economy's acceleration last quarter marked a sharp pickup from the tepid annual growth of 0.8 percent in the first quarter and 1.4 percent in the second. Still, growth is expected to slow to a roughly 1.5 percent annual rate in the October-December quarter, reflecting in part less consumer spending and less business stockpiling.
Growth for the entire year, economists say, is likely to be around 1.5 percent.
So do I.....
Growth for the entire year, economists say, is likely to be around 1.5 percent.
So do I.....
Airstrip One
Completely Effed
During the Depression, jobs (and the market) never really recovered to pre 1930-32 levels. There were artificial methods taken via government hiring programs, vis-a-vis the CCC, WPA, etc., but, until the government drafted all able-bodied men into the military to wage WWII, simultaneously placing everyone else in support roles, jobs never really came back. Since WWII wasn't a realistic solution, the market didn't really recover until 1950.
Yes, but the key word is recovery. The weakest recovery is to be expected after the worst recession.
You see, long slow recovery is better than a sugar high that comes crashing down. How long have we been without a recession? When was the last time the U.S. went 8 years without a recession?
Airstrip One
Completely Effed
Reagan's Bull Market recovery is kind of the gold standard for recoveries.
cawacko
Well-known member
It doesn't work that way Jarod. The bigger the downturn the more room there is for a larger recovery. And that is 100% spin to say a slow recovery is a good thing. The fact that the Fed went as many years as it did without raising rates tells us all we need to know about the strength of it
Text Drivers are Killers
Joe Biden - "Time to put Trump in the bullseye."
3.5%??? HAHA More fake news from obama. This is the guy who lied us into obamacare. He lies about everything.
Airstrip One
Completely Effed
Perhaps you could engage in a little investigate reporting for us and prove it?
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False, the roaring 20's led to the 1930's. The recovery from the great depression was awful until WW2 pulled us out. That is how it works and Jobs almost never come back to where they were before any serious recessions.
We are due for a recession and I expect it in about a year. I think the market will do well for the first 6 months of this year, then slump until the recession hits.
cawacko
Well-known member
Read the work of economists on this Jarod. They aren't partisan hacks and they speak to the weakness of this recovery.
zappasguitar
Well-known member
See, that's the thing that destroys each and every one of your attempts to marginalize what Obama has done.
A recovery is a recovery and Obama has helped guide this country through EIGHT YEARS of Economic Recovery!
Your hero Dubya and his policies DESTROYED the economy...and Obama and his policies helped it RECOVER.
zappasguitar
Well-known member
zappasguitar
Well-known member
OMG so now you're going to try and spin it that the Obama recovery was a BAD thing?
Oh my GAWD you will tell any lie so long as it allows you to continue to attack Obama.
cawacko
Well-known member
Facts are facts Zap, this has been a weak recovery. I'm sorry you take it so personal as an Obama supporter but it is what it is unless you are going to try and argue 2% growth is the new normal
cawacko
Well-known member
I posted in your thread earlier in the week and I noticed you never responded
cawacko
Well-known member
No Zap, reading comprehension my man. The argument that slow growth is now a good thing is pure spin.