Washington Post Shows Economic Recovery Graph That Should Scare You, But Waited Till After The Election

November 20, 2012 5:18 pmViews: 519

The Washington Post came out with the above graph today and said what is indented below about it. As conservatives we have all known the economic recovery is fake as Obama reported it and campaigned on it for nearly 4 years, but why didn't the liberal Washington Post or any of the rest of the main stream media show this graph to us before the election?

The main stream media has always know what's going on with the economy, they just didn't want to report it before the election to endanger their socialist leader's chance of re-election. But now that Obama gets 4 more years, expect the truth about the economy and much more to come out in the next few months. Now that their man is in the White House again for a second term, the liberal media has no need to hide the truth they have know all along any longer.

Read more from the WaPo below and the rest of the article at their site here.

A new study from the Congressional Budget Office starts with the scariest graph you’ll see today.

In other words, you’re not imagining it: This economic recovery has been a big disappointment relative to what the United States has usually experienced after a recession. Growth has been 9 percent below what was seen in past recoveries on average in its first three years. The CBO report tries to disentangle where that underperformance is coming from and its answer is deeply unsettling: The U.S. economy just isn’t as good at growing as it used to be.

The new CBO report claims that two-thirds of the underperformance of the economy over the past three years compared to a typical recovery is due to a slower rate of growth in potential GDP. Only one-third, in this analysis, is due to factors related to this recession.

Potential GDP is the measure of what the economy is capable of producing if almost all of the people who want jobs are able to get one and almost all its machines and buildings were humming at their potential. While it has grown consistently through modern U.S. history (we can thank a growing population and steadily improving technology for that), it doesn’t always grow at the same rate. In periods when baby boomers were reaching their working years and women were entering the workforce in large numbers, the rate at which potential GDP rose was very high, over 4 percent at times, by the CBO’s reckoning.

In recent years, though, those trends have reversed. Baby boomers are starting to retire and the proportion of women who work has leveled off. The CBO’s estimate of potential GDP was rising at gradually steady rates for most of the 2000s even before the great recession hit, and has continued that downward trend since then.

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