Which, in the case of the Great Depression, quite clearly worked. Yes, this is the poorest recovery since the depression. It's also the deepest recession since the depression. barfo
Massive spending prolonged the Great Depression. It took Hitler's massacres to pull the USA out of FDR's funk. Your ignorance would be dangerous, except you're just a clown act on a message board. Isn't it about time for another lupus joke, you sicko?
Hmm.. WWII.. what was that other than massive spending? It was spending on a scale unheard of before or since. Not yet. But you'll be the first to know when it is time. barfo
Hard to be sure from the scale of that graph, but it appears to follow the same pattern - a rapid rise at the end of the Bush years, and more recently remaining high, but declining slightly. barfo
You guys are the baby seals in this debate, and Barfo is wielding the club. I don't know whether to laugh hysterically or hide my eyes in horror.
Yes, things are very good, thanks for reminding me. Sorry life hasn't treated you well. But at least you'll always have your anger. barfo
And I'm loving it. I never thought I'd give up my purple pirate, but this is just so much better. Thanks. barfo
I guess with the brilliance of these policies, we only have another 5 to 8 years of zero or negative growth before we need to have war declared on us by two totalitarian regimes to get us out of this circumstance.
I'd have thought you'd have known that GDP increased pretty steadily from the time FDR was inaugurated until the end of WWII. barfo
As was noted before, the parallels with the Great Depression and this recession are remarkable. It didn't have to be this way.
Barfo's charts show Obama inherited a 7.6% unemployment rate and turned it into something much worse. GDP did grow during the FDR years, but govt. grew faster than GDP and things did not get better due to any of his social programs. Bush didn't inherit a recession? http://www.usatoday.com/money/economy/2003-07-17-recession_x.htm It's official: 2001 recession only lasted eight months WASHINGTON (AP) — The committee that puts official dates on U.S. economic expansions and contractions said Thursday that the economy pulled out of recession in November 2001 and since then has been in a recovery phase. The announcement from the National Bureau of Economic Research's Business Cycle Dating Committee confirmed what many economists have believed: that the economy has resumed growing, albeit slowly. "At its meeting, the committee determined that a trough in business activity occurred in the U.S. economy in November 2001," the committee said in a statement Thursday. The committee, which consists of top academic economists, met in Cambridge, Mass., to discuss the issue. The 2001 recession began in March that year, so today's announcement makes it an eight-month downturn.
In the Great Depression, FDR had a war that pulled us out. We gave Obama two wars and he couldn't pull us out.
You posted a chart showing that GDP growth was positive, yet weak when compared to historic data. You just conveniently cut off the chart at 2007. You posted a chart, that clearly shows unemployment has increased since Obama's election, and is still about 50% higher than historical averages... and claim that "unemployment was soaring" is a false claim. You're really bad at this, Barfo. You are, however, really good about quickly getting out your kneepads for Obama.
