Give It Up - The Recession Is Ancient History
The chart above says it all. The talking heads and political pundits are either idiots or liars (maybe both), but either way they are wrong, wrong, wrong. Do not listen to them. The numbers above come directly from the United States Commerce Department. No, they are not "cooking the numbers." The nerds and geeks deep inside the Commerce Department are doing their best to get the accurate numbers, regardless of who is president.
If you want the truth on the economy listen to POLICEPAY. We give it to you straight every single day of the year. We just "tell it like it is" - good, bad or indifferent. Listen closely:
The economy is booming (November 24, 7:30 AM CST). This recovery is NOT a weak recovery. There is not going to be a "double dip" recession. The United States economy is the strongest and greatest economy on the planet. There will be eight to ten more years of expansion, strong expansion, before the next recession. We are not burdened with a huge debt. Look at the history of our debt as compared to GDP. Look at the trend, not just one recession year. Public safety pension plans are not going broke. We are not saddling our children with a big economic time bomb.
A Brief Look At Our Next Pension Article
What happens to all current production (GDP)? It is currently consumed. You cannot eat today an ice cream cone that will be produced five years from today. You have to eat today's ice cream cone. We cannot consume future production, only current production. Yes, we could have some left over production from last year, but it would be gone soon. The next article is about ready. You may be surprised to find out that the "Emperor Has No Clothes" or as Harvey McKay put it "Beware of the Naked Man Who Offers You His Shirt."