The Fed downgraded its forecast for economic growth in 2016 for the third time this year. It now projects growth this year to be 1.8%. In June it forecast growth of 2%.
The Obama Miracle continues.
CNN Article.
After dem other heads get chipped off.
Awful. Just awful. A blind f$%ing monkey and half the people here on this board could have done a better job OVER THE LAST EIGHT YEARS of making the worlds greatest economy work again.
But, no. Not if you're a community organizer that can't organize a box of checkers, can't work with ANYONE, and manages to piss off half or more of the entire COUNTRY you swore to represent. Over and over and over again.
But! We got dudes in dresses in girls changing rooms, and in our military foxholes. You know, the important stuff.
Never mind more people out of work, unemployed or underemployed than in more than 3 generations. More people in the cart than pulling the cart. More people on F ucking foodstamps than actually producing said food. Record number of people seeking oxy or heroin or just saying F it, and OD'ing cause they've lost that "Hope".
Jeeezus people. Keep doing what we been doing for the last near decade and kiss this next sweet asss decade as a gonner too?!? Is thaat where we are?!?
You wanna mire in, or slog through another 4-8 years of this slop?
If so, then it's your cank.
The study which demonstrated the historical weakness of this recovery has been around for a couple of years. That one showed that the "recovery" was the weakest in the history of recoveries following financial crisis.
Now a new study, led by a Harvard economist, has shown that the weak recovery isn't just the weakest following a financial crisis, but amongst the weakest for 185 contractions in 42 countries. As they note:
Quote:Arguing that the recovery has been weak because the downturn was severe or coincided with a major financial crisis conflicts with the evidence, which shows that a larger decline predicts a stronger recovery.
And why the weak recovery
Quote:The main U.S. policy used to counter the Great Recession was increased government transfer payments.
Another failure of Keynesian demand theory.
Link
But but but.....Transgender! Hands up don't shoot! Trump! Racist! Gay Bakers!