Off-Topic: "You lie" as is typical
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Name:
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architect
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Subject:
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"You lie" as is typical
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Date:
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7/30/2015 10:43:30 PM (updated 7/30/2015 10:47:27 PM)
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It is a fact that this recovery is not the worst ever since WW II or any other time frame you wish to consider. It is especially not the worst ever when weighed against the depth to which the economy had contracted before the recovery began...by far the worst contraction since the Great Depression. In addition to an employment, spending, construction and general economic contraction, the 2008 downturn included a banking crisis. Until 2008 the 1929 collapse was the only crisis since WW I that included the drag of a major monetary-banking crisis.
In the early stages this recovery was below the average recovery but not the slowest ever and in the past 36 months the recovery, by most measures, has been better than average. The "better than average" is especially true for corporate profits which have experienced a recovery exceeded only by the recovery from the 1949 recession...why aren't the business conservatives which dominate this forum celebrating this fact?
Because MM says it don't make it so! He is entitled and welcome to his own opinions but not to his own facts.
Look it up folks. It will take a little research but the truth is there for those willing to accept it...not a common trait on this forum.
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