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re: Forbes Mag - Obama outperforms Reagan on jobs growth and investing
Posted on 9/18/14 at 10:57 am to mmcgrath
Posted on 9/18/14 at 10:57 am to mmcgrath
While the author is obviously biased drawing firm conclusions that data doesnt necessarily prove, i think it does put this revovery in to context and highlight that what Obama did early on probably mitigated the damage, and that the recovery is happening on a similair trajectory to the Reagan recovery.
Lets not lose sight that these two recessions were very different, so we could not expect their recoveries to be the same.
Lets not lose sight that these two recessions were very different, so we could not expect their recoveries to be the same.
This post was edited on 9/18/14 at 10:59 am
3
Posted on 9/18/14 at 11:04 am to BobBoucher
quote:Good Lord
and that the recovery is happening on a similair trajectory to the Reagan recovery.
Posted on 9/18/14 at 11:16 am to BobBoucher
quote:
and that the recovery is happening on a similair trajectory to the Reagan recovery.
So 6 years after Carter, household wages were down 8%?
Posted on 9/18/14 at 1:22 pm to BobBoucher
quote:Nope. Look at the slopes. Look at the shapes. This has been a very slow and feckless recovery.
the recovery is happening on a similair trajectory to the Reagan recovery.
quote:Indeed. The fed had far greater tools, treasury had MUCH low borrowing costs, and cash flowing into the fed banking system because of an international flight-to-quality. This should have been an easier recession to recover from.
Lets not lose sight that these two recessions were very different, so we could not expect their recoveries to be the same.
What's missing this time is that no one want to spend long term CAPEX on GDP producing assets. You'd do well to ask why that's the case with essentially free money available...
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