Really? So the numbers are wrong then? Or do you realize that they fail to fit your agenda?
Originally Posted by rabbitcaebannog
Overall real GDP from January 2001 through December 2008 grew at an average annual rate of 2.125%. From 2001 through 2004, GDP growth was clocked at 2.35%. The number of jobs created grew by 6.5% on average. The growth in average salaries was 1.2%.
I suppose these are all bad too. I wonder what the Marxist's numbers are. Interestingly the wikipedia that had numbers for Bush have nothing for the Marxist. Economic policy of Barack Obama - Wikipedia, the free encyclopedia
Well, there is this:
Overall, according to EPI, the job seekers-to-job openings ratio was 3.1:1 in April. While that's down from the peak of 6.7:1 in July 2009, it's still about twice what it was in the middle of 2007, just before the recession hit.
With the recession having been over since June 2009, the Obama administration has had plenty of time to restore the country's employment health. We should have been booming by now.
But the jobs haven't materialized. In the previous nine recessions before this last one, it took an average of just 24 months to regain all the jobs lost. However, it will take about 80 months — almost seven years — for the country to regain all the jobs lost in the last recession if we continue at Obama's crawling job-creation pace.
In short, don't blame this jobless recovery on bad luck. Blame White House policies.
Read More At Investor's Business Daily: White House's Economic Policies Ensure Recovery Will Be Jobless - Investors.com
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