Misery: Economic Recovery is Weakest Since World War II

Posted by on Aug 15, 2012 at 1:41 pm

Damn, that’s so long ago Joe Biden was still in college. Is it any wonder Obama’s running the dirtiest campaign in history? You’d do anything to avoid seeing news like this reported.

Hold on, America. Help is on the way.

The recession that ended three years ago this summer has been followed by the feeblest economic recovery since the Great Depression.

Since World War II, 10 U.S. recessions have been followed by a recovery that lasted at least three years. An Associated Press analysis shows that by just about any measure, the one that began in June 2009 is the weakest.

The ugliness goes well beyond unemployment, which at 8.3 percent is the highest this long after a recession ended.

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: Their paychecks have fallen behind inflation.

Not to mention food prices are skyrocketing, gas prices are surging  and all of a sudden it feels a lot like 1980.


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One Response to “Misery: Economic Recovery is Weakest Since World War II”

  1. SpideyTerry on 15/15/12 at 10:44 pm

    But… but… but the private sector’s doing fine. That big-earred guy married to the Wookie said so.