“Let’s look at the Minneapolis Fed’s data for every business cycle since the end of World War II. As you can see, we’re currently mired in the most anemic recovery on record. The employment data is even worse than the GDP data. The comparison of Reaganomics with BushObamanomics is startling. There was a jobs boom in the 1980s, while today we haven’t even recovered all the jobs lost during the downturn. And if we look at the current ‘recovery’ compared to all other business cycles, it becomes even more apparent that big government is generating very bad results for the American people.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Will Grigg: Put Not Your Trust In Federalized Sheriffs
FATCA and the End of Bank Secrecy
Bill Bonner: Davos Without the Hookers (Part II)
1971: The Year That Nixon Chose Gold Over Paper
A congressional speech on the centennial of the Expatriation Act of 1868
A Century of Lies: The Rationales for Engaging in Foreign Wars
Why So Much Faith in Supreme Court Justices?
Making the Victim Pay for the Bullet
Race to the Bottom: Injuring the Real Economy with Paper "Wealth"
Central Planning Ignores the Needs of Women
Investors, Run for Cover From the Incoming ‘Taper Bomb’
Jeffrey Tucker: 3 Important Lessons from a Canadian Border Crossing
Bill Bonner: Preparing to Fail
Rand Paul: Helping Syrian rebels a dangerous risk
Snowden leaks: the real take-home