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AP: This is the Feeblest Economic Recovery Since the Great Depression
The current level of satisfaction is now similar to what it was in early August 1992 (17%), prior to George H.W. Bush’s re-election defeat. It is significantly lower than what it was in mid-August 1996 (38%) and mid-August 2004 (44%), years in which incumbents Bill Clinton and George W. Bush, respectively, were re-elected.
The reason for the dissatisfaction is described in a piece by the usually liberal Associated Press which points to the fact that despite the fact the progressives believe Obama’s policies are working; this is “the feeblest economic recovery since the Great Depression.”
Economic growth has never been weaker in a postwar recovery. Consumer spending has never been so slack. Only once has job growth been slower.
More than in any other post-World War II recovery, people who have jobs are hurting, too: Their paychecks have fallen behind inflation….The AP compared nine economic recoveries since the end of World War II that lasted at least three years. A 10th recovery that ran from 1945 to 1948 was not included because the statistics from that period aren’t comprehensive, although the available data show that hiring was robust. There were two short-lived recoveries — 24 months and 12 months — after the recessions of 1957-58 and 1980.
fxdwg
August 16th, 2012
The Obamao administration is going to go down like a coed after three tequila shots.
Libra
August 16th, 2012
HINT: There has been no economic recovery. The media keeps repeating this crap while the economy sinks further in the tank.
hanoverfist
August 16th, 2012
If only the press would beat THIS drum like when they said H.W. had the worst economy evahhhh.
I know,I know.
“Crap in one hand and wish in the other and see which one fills up first.”
Groucho Marxist
August 16th, 2012
It would only be bad if it was a recovery in the first place.
ThisObamaNation
August 16th, 2012
Obama Demands Court Uphold His “Right” To Ignore Constitution
http://www.westernjournalism.com/obama-demands-court-uphold-his-right-to-ignore-constitution/
Czar of Defenestration
August 16th, 2012
What Libra said!
Leftists try to have it both ways:
The recession ALREADY ENDED only a few months after Obama became President
AND
Obama’s policies ENDED the recession
BUT
Obama is NOT responsible for the 41 months of over 8% unemployment and current 8.3% unemployment…or even the additional TRILLIONS in FEDERAL DEBT.
cfm990
August 16th, 2012
Feeblest Economic Recovery Since the Great Depression.
Engineered by the feeblest minded President since the Great Society.
Boobie the Rocket Dog
August 16th, 2012
Here’s our chance:
BOEHNER for PRESIDENT 2012
http://dailycaller.com/2012/08/15/obama-biden-to-share-lunch-wednesday-after-two-days-of-gaffes/
The link says “Wednesday” but it’s actually today, in three hours.
NoMoBo
August 16th, 2012
What Libra and Groucho said. Why do they keep calling this a “recovery” when it is not. Even conservative talkers do it. Makes me crazy.
Tim
August 16th, 2012
Demonrats – Destroying America One Job at a Time!
Recovery? What recovery? Ain’t seen no recovery!
Bob M.
August 16th, 2012
And that’s a Gallup bullshit graph, showing how much above the neckline gummint bullshit is getting for the average citizens these days.
The ONLY gummint statistical analysis I trust, is shadowstats.com. All others, are gummint-made, weapons-grade ‘balonium.’
norman einstein
August 16th, 2012
What kind of crap is this statement?
“The reason for the dissatisfaction is described in a piece by the usually liberal Associated Press which points to the fact that despite the fact the progressives believe Obama’s policies are working; this is the feeblest economic recovery since the Great Depression.”
“DESPITE the fact”??? WTF?
He’s implying that these loons’ “opinions” are based on anything factual, and is therefore contradictory to reality. What a maroon!
loshonhora
August 16th, 2012
would it be wrong for the romney campaign to resurrect “it’s the economy, stupid”?