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What can we expect for America's economy in a second Obama term?

 
Evil_Twin
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11/07/2012 09:47 AM

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What can we expect for America's economy in a second Obama term?
By John Lott

Published November 07, 2012

FoxNews.com


It is hard to believe, but Americans have been suffering the weakest recovery ever. Annual GDP growth is actually slower than the recovery in the Great Depression from 1934 to 1940. President Obama's likely win shows we should expect just more of the same. Obama's desire to increase taxes and regulations will drive investment out of the US to other countries.

Tuesday's economic numbers show just how bad things are. Just 4.2 million people were hired in September. By comparison, only 4.2 million were also hired in both December 2008 and January 2009 at the depth of the recession. Total jobs have increased slightly only because people are afraid to quit their jobs. Indeed, amazingly, quits are lower today than they were during December 2008 and January 2009.

During President Obama's second term, the economy should continue to limp along. A 2 percent growth rate, assuming that we can get back up to that, would leave us well below the average 3.1 percent growth rate that the US had between 1965 and 2007.

Read more: [link to www.foxnews.com]
Hellbilly
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11/07/2012 09:49 AM
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Re: What can we expect for America's economy in a second Obama term?
less and less new business formation...decline in productivity..economic malaise.

depression.
Anonymous Coward
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11/07/2012 09:50 AM
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Re: What can we expect for America's economy in a second Obama term?
Fox news ... oh yeah ... they are crying in their coffee and licking their wounds as they attend the "wake" of the GOP ... 5a
Evil_Twin (OP)

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11/07/2012 09:53 AM

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Re: What can we expect for America's economy in a second Obama term?
The numbers don't lie.

Annual GDP growth is actually slower than the recovery in the Great Depression from 1934 to 1940
Hellbilly
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11/07/2012 09:54 AM

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Re: What can we expect for America's economy in a second Obama term?
Fox news ... oh yeah ... they are crying in their coffee and licking their wounds as they attend the "wake" of the GOP ... 5a
 Quoting: Anonymous Coward 24901203


Yea - and you're going to be crying soon that you HAVE NO COFFEE.

a-hole
I AM THAT I AM IN ALL THAT YOU ARE, IN YOU I LIVE AND MOVE AND HAVE MY BEING EVERMORE
Anonymous Master
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11/07/2012 09:55 AM
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Re: What can we expect for America's economy in a second Obama term?
well according to democrats obama is going to solve it the economy, he just needs more time......morons.
Evil_Twin (OP)

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11/07/2012 10:19 AM

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Re: What can we expect for America's economy in a second Obama term?
Yea - and you're going to be crying soon that you HAVE NO COFFEE.

a-hole
 Quoting: TenStar'd


Anyone care to guess what a pound of coffee will cost in 2016?

$15?

$20?
Hellbilly
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11/07/2012 10:36 AM
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Re: What can we expect for America's economy in a second Obama term?
We'll get more jobs....Government jobs.

News








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