Recession or Depression or Stagnation?

Discussion in 'Politics' started by OldRegular, Aug 3, 2012.

  1. OldRegular

    OldRegular
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    Biden in an unrehearsed moment of candor declared the country was in a depression not a recession. Of course Biden is not the sharpest tack on the block so consider the numbers.

    Under Barak Hussein the country has created ~150,000 jobs each month or 1.8 million per year. At present there are 24,000,000 people unemployed or underemployed. Considering these two facts alone it would take over 13 years at the current rate of job growth to reach full employment.

    However, there is one more fact that must be considered. About 1.8 million people are entering the job market each year.

    So it would seem that Barak Hussein, the tin god of the left, has been eminently successful, probably beyond his wildest dreams. He has reduced, in less than 4 years, the economy of the greatest nation in the world to a state of perpetual stagnation.
     
  2. freeatlast

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    A couple things here. First I am not a fan of this President this response has nothing to do with my feelings about him. <PA deleted - LE>

    Now about him destroying the economy. There is two possibilities here. One you are seriously miss-informed, or you are <PA deleted - LE> (I am being politically correct).

    This President actually saved our bacon because of what the previous administration did to the economy. If his administration had not done what it did we would right now be in a world wide depression that made the one of the 30's look like an economic boom.

    Now I do agree that his administration has done a terrible job in how the banks were allowed to use the recovery money and how large portions was simply wasted, but to suggest that he has made things worse is simply false. Yes I agree he has most likely hindered the pace of growth because of improper handling of recovering economy, but to suggest that the collapse is his fault is like I said, either an uneducated statement <PA deleted - LE>(again being politically correct).

    By the way I still will not vote for him but because of his Marxist philosophy with socialist agenda.
     
    #2 freeatlast, Aug 3, 2012
    Last edited by a moderator: Aug 3, 2012
  3. OldRegular

    OldRegular
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    fal. I see two personal attacks deleted. Shame on you!
     
  4. freeatlast

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    There was no personal attack. I simply pointed out one of two possible reasons for you saying what you said.
     

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