WaPo
Graph of the day
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.
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Obama is slow, in all regards.
Schadenfreude on November 18, 2012 at 2:21 PM
Enjoy the Dummy in Chief and his carnival.
His life is marvelous.
Schadenfreude on November 18, 2012 at 2:21 PM
so you mean that Wapo can finally start reporting the obvious now that barry is back in…..
r keller on November 18, 2012 at 2:23 PM
LET IT BURN
Rixon on November 18, 2012 at 2:24 PM
Everything to me looks like a Qassam trajectory lately.
Shy Guy on November 18, 2012 at 2:29 PM
Does that mean we won’t need all these illegals or even more legal poverty immigrants? It sounds like we will be causing a big problem by not downsizing our workforce, if this is true. National suicide.
Buddahpundit on November 18, 2012 at 2:30 PM
Frankly, this is stupid. Everyone knows what is causing the stall in the recovery. Obama’s policies. Between all the new financial burdens and the strangle hold on energy in hopes of the cost rising enough to make “green” energy profitable accounts for the miserable recovery.
Rocks on November 18, 2012 at 2:31 PM
973 billion huh? How much did the federal government spend on stimulus? Seems as though there is an economic blog post in there somewhere.
Weight of Glory on November 18, 2012 at 2:31 PM
Agreed. People voted for this sh**y economy and now let them enjoy it.
IR-MN on November 18, 2012 at 2:34 PM
Within a day or two after the election Yahoo ran stories about the increased taxes that the middle class will see under Obama AND about the fact that with Obamacare we will not have near enough doctors. Gotta love the timing./
Media grade: F-
CW on November 18, 2012 at 2:38 PM
So WaPo explains it away as beyond anyone’s control. Global Warming is completely under the control of human beings, but economic growth in the United States is apparently a function of fairy dust.
BKeyser on November 18, 2012 at 2:38 PM
May they all suffocate from eating Obama’s caca.
Schadenfreude on November 18, 2012 at 2:41 PM
BUUUUUUUUUUUUUUUUUUUUUUUUUUUUUSH DID IT
ChunkyLover on November 18, 2012 at 2:41 PM
We should be scared by it but at least we’re not surprised. Election and economically illiterate man-child has (predictable) consequences, you know.
alchemist19 on November 18, 2012 at 2:42 PM
Typing quickly on a tiny device with autocorrect has predictable consequences too! AH!
alchemist19 on November 18, 2012 at 2:43 PM
Fore more years
You wanted this America
cmsinaz on November 18, 2012 at 2:48 PM
That’s what happens when you spend a “stimulus” and then lock it into place year after year by not passing a budget.
Count to 10 on November 18, 2012 at 3:16 PM
I think this serves as a testament to how bad a candidate Romney was. The worst economy in decades and people wanted more of the same than they did him.
While I voted for him, he was far from my first choice and this is why. One day, the GOP will wake up and realize they will never win by trying to out-Democrat the Democrats.
Odysseus on November 18, 2012 at 3:23 PM
“We gotta keep obama in president … you know … he gave us a phone … he gonna do more!”
Pork-Chop on November 18, 2012 at 3:51 PM
Best. Recovery. Ever!
Glenn Jericho on November 18, 2012 at 4:27 PM
I am guessing the real inflation adjustment, if you figured things people buy on a week to week, month to month and year to year basis would show negative growth.
astonerii on November 18, 2012 at 4:42 PM
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Oh look, the CBO refuses to name a cause and punts with the anthropomorphic assignment of failure because of loss of abilities. Isn’t this some kind of logical fallacy? Oh yeah, it’s the anthropomorphic idiocy fallacy.
.
Lets try “Øbama’s regulatory quagmire and resources drained by Øbamacare” for $2,000, Alex. In fact, make it a true daily double.
.
“…just isn’t as good at growing as it used to be” – how effin analytical is that?
ExpressoBold on November 18, 2012 at 5:06 PM
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LOL
ExpressoBold on November 18, 2012 at 5:08 PM
This article would be less irritating if WaPo hadn’t written umpteen times in articles the last few years, “Economists generally agree that the Obama stimulus was effective.”
Chuckles3 on November 18, 2012 at 5:25 PM