In response to:

Stagnation, the New Normal

Context Wrote: Jan 31, 2013 11:30 AM
My prediction = at the end of Obama's second term (or the bankruptcy of the USA, whichever comes first), there will be a concerted effort to show why this is all the fault of the right.
Don't Tread On Me3 Wrote: Jan 31, 2013 1:52 PM
They're already doing it now. The dis-informed voters in November were convinced Bush caused the bad economy of Obama's 1st term.

How bad does a "worst recovery" have to get before it's a depression? I guess all that's lacking is we don't have a Republican President to own it, so it continues to be a so-called "recovery".
bruce130 Wrote: Feb 01, 2013 1:09 PM
It is a depression. See my post above!
So, U.S. consumer confidence unexpectedly plunged in January to its lowest level in more than a year. The U.S. economy unexpectedly posted a contraction in the fourth quarter of 2012 -- for the first time since the recession -- "defying" expectations that economic growth is in our future.

If the economy were as vibrant as President Barack Obama has told us it is, a belt tightening in a single sector of government surely wouldn't be enough to bring about "negative growth." But one did. Unexpectedly. No worries, though. Pundits on the left tell us that this contraction was good news -- possibly...