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by
Stephen Green

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June 5, 2013 - 7:29 am

So a bunch of economists looked at a bunch of numbers and came up with this:

“Growth in GDP has been positive, but not exceptional,” UCLA economists wrote in their quarterly Anderson Forecast. “Jobs are growing, but not rapidly enough to create good jobs for all.”

The report, which analyzed long-term trends of past recoveries, found that the long-anticipated “Great Recovery” has not yet materialized.

Real GDP growth — the value of goods and services produced after adjusting for inflation — is 15.4% below the 3% growth trend of past recoveries, wrote Edward Leamer, director of the UCLA Anderson Forecast. More robust growth will be necessary to bring this recovery in line with previous ones.

“It’s not a recovery,” he wrote. “It’s not even normal growth. It’s bad.”

If this is news to you, you must live in or around DC.

Stephen Green began blogging at VodkaPundit.com in early 2002, and has served as PJMedia's Denver editor since 2008. He's one of the hosts on PJTV, and one-third of PJTV's Trifecta team with Scott Ott and Bill Whittle. Steve lives with his wife and sons in the hills and woods of Monument, Colorado, where he enjoys the occasional lovely adult beverage.

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Jeez! These tenured professors and highly paid researchers just discovered this today? What-in-the-hell? Unemployment stuck at 14.7% for five years. More than one million homes, foreclosed on, in banks inventories. 56% of America's productive capacity is now overseas. 50% drop-out rates of college students from their four year studies. 52% highschool incompletion rates. American education scores in the 25 percentile worldwide. More and more employers offer remedial courses to new hires who don't know how to read, write and do simple math. Homeownership was down more than 40% in 2007-08 and has never rebounded. IRA's lost more than 140% of their values and have yet to regain their losses. And the beat goes on...yes, We The Elite People of culture of corruption in all of Washington DC (Lobbyists, Executive, Legislative and Judicial) will keep on, keepin' on while We the People have to deal with Obamacare, IRS, sanctions, rising taxes, insurance premiums, cost of food, fuel and services...getting poorer and poorer! Only solution to fix the problems? Tea Party. Join and let your voices be heard. Otherwise We The People will be just that...sheeple!Pray. Amen.
46 weeks ago
46 weeks ago Link To Comment
I could have told the eggheads there is no damn recovery a long time ago and without a most likely gubmint funded study.
46 weeks ago
46 weeks ago Link To Comment
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