Does anyone really believe that the US Economy is in the Recovery Mode? And if s

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  1. bradmasterOCcal profile image28
    bradmasterOCcalposted 2 years ago

    Does anyone really believe that the US Economy is in the Recovery Mode? And if so, why?

    With the exception of the lower prices for oil, the same conditions that were present in 2008 are still here.
    Since 2008 the federal government has gotten larger, and its scope has also increased in size, with Obamacare.

    The federal government is still printing trillions of dollars of new money, and congress still doesn't work to a budget.
    The wars, and terrorism continues to drain much of our resources.
    Taxes are still increasing, and the wealthy are increasing at the expense of a shrinking middle class.
    The unemployment rate is not accurate because many people have run out of unemployment b

    https://usercontent1.hubstatic.com/12716820_f260.jpg

  2. Ericdierker profile image49
    Ericdierkerposted 2 years ago

    We have a saying out here where we don't live in a city. "And a country boy can survive"; We don't even really care about your "economy". We live well though you probably would think we are poor. My daughter is a big wig out there in DC. She comes here for vacation. Taxes are cool, they pay for my roads and the school my son goes to. I reckon what I am saying is that even if the economy is in the proverbial septic tank it is still awesome and probably the best ever in the history of man. Even a schmuck like yours truly has more than one shirt in a closet that is all mine.

    1. bradmasterOCcal profile image28
      bradmasterOCcalposted 2 years agoin reply to this

      Eric

      Eric

      I just don't know what to say to that, as it really didn't answer my question.
      I confess, I am a city boy, and I have never lived in a place with less than a population of 40,000 people.
      Isn't schmuck a city word? lol

  3. dashingscorpio profile image87
    dashingscorpioposted 2 years ago

    https://usercontent2.hubstatic.com/12718649_f260.jpg

    The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP)
    However when it comes to the economy I've come to realize that perception is oftentimes reality for most folks. However if we stick to just reading the {traditional key performance indicators} that have been used for many decades it's impossible to say the economy is anywhere near as bad as it was in late 2008 and early 2009.
    Unemployment was much higher. It's now below 6%
    Gas was over $4 in most places (Some places are below $2)
    Foreclosures were at record highs!
    Home values are on now on the rise and interest rates remain low.
    The stock market was in the toilet (losing cash in 401ks and IRAs)
    Today the stock market is at record highs!
    GDP in December 2008 was 14.58 trillion
    GDP in March 2015 was 16.30 trillion.
    According to the economist the last recession was the worst economy since the Great Depression.
    The deficit would be lower if we hadn't spent trillions on two wars.
    Nevertheless how one (feels) about the economy will always trump numbers and statistics. I know people who are earning more money than ever, taking annual vacations, and have money in the bank but still (feel) as though the economy isn't any better!
    In no way am I suggesting ANY president deserves all the blame or credit for the state of the economy. However if one is strictly comparing the numbers and definition of a recession it's clear that the U.S. is better off today economically than it was.

    1. bradmasterOCcal profile image28
      bradmasterOCcalposted 2 years agoin reply to this

      dashinscorpio

      None these items that you mention is an indicator of economic recovery, and I don't have enough characters in this comment to tell you why.
      UE is not accurate, as many people are no longer on unemployment, even though many are still UE

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