Replies to post #89479 on Politics and Money

[shermann7]

Government Interference in the marketplace.

Shermann

[ergo sum]

[StephanieVanbryce]

oh NO he didn't . .his recession started in late nineties .. . .First he got congress to pass out money, It's called STIMULUS, $200 something to someones .. I don't know if it was medicare or who, I don't remember .. Then for the next seven years he dropped the dollar, AND the kicker was, He had the WORST JOB RECORD of any president except Herbert Hoover.. and then there was his handling of Katrina .. and He RAN up our debt, which Clinton had paid way down .. .AND He HID the cost of the Afghanistan and the Iraq war .. .so Americans would not know the cost! ,.. .in which Obama restored to the books when he immediately took office.. .. There's something I've learned over the years . .LIKE attracts LIKE .. .. know what you are talking about, STOP FAKING knowledge.. . .Here is a small opportunity to learn.

Of the 10 expansions since 1949, as measured from the end of the recession (trough) to the end of the expansion (peak), the expansion from 2001 through last year ranks last in average growth of GDP, investment, employment growth, and employee compensation.

GDP growth in the latest expansion was a full 40% slower than the post-World War II average (2.7% versus 4.8% in previous expansions).

Despite tax changes that were promoted as incentives to increase investment, average growth in total investment over the latest expansion was less than half of the post-WWII average, and ranked last in this group.

Compared to the start of the last recession (the peak that occurred in the first quarter of 2001), the percent of the population employed declined by 1.5 percentage points by the end of 2007. The only previous drop in this measure relative to a previous business cycle peak came during the mini-expansion of the early 1980s, and the drop in the latest expansion was five times as large.

By nearly all measures, the expansion from 2001 to 2007 ranks as one of the worst on record.