Most recoveries throughout history take only a year from the start of the recession and feature growth of 4-6%.
Once again you show that you can hide an enormous amount of deceit into a tiny amount of words. In this case you use the word "Most" to conceal a huge amount of deception.
Most recoveries are through garden variety recessions, not financial crises combined with severe demand side slumps. They can be solved if the Fed sets the effective fund rate to a low enough rate to increase growth. Well the Fed had already lowered the rate to 0% before Obama was even in office and we weren't back to growing. The problem was too deep for conventional policy. We had to use unconventional policies that are unconventional for good reasons. Among other reasons it's because they are slower.
The reason that other economies are underperforming? High debt loads are interfering with their ability to access the bond markets and borrow. Our policy now? Access the bond markets for $1 trillion a year. Yep. Clearly it's the fault of the rest of the world, because they should not be doing what we're doing even more egregiously.
And then you give us this, showing that not only do you not know history but you don't know present day world affairs either. Japan went into this with far and away the highest debt load among major economies. Spain went into this with a tiny debt load and a surplus. You have a perception that in no way resembles the real world. I'm not going to try to explain the economics to you because I have already tried and you ignored it. So please leave. People explain things to you and you ignore them and then post the same ignorance again in a few weeks. If you don't want to talk and don't want to learn then please leave.
Author
Topic: American Election Megathread - It's Over (Read 770515 times)