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Recovery Cockroaches

Governments lie always. Unemployment data is the first victim. Second - inflation.

The only employment data worth more than the paper it's on is: how many earn enough to support a family of four in a typical Midwestern suburb.

All the rest is noise, or propaganda, or both. If a guy loses his 80k job, and now flips burgers for 15k, to the federal liars nothing has changed. Actually, if his two kids are now forced to drop out from college to flip burgers alongside with daddy, the first mulatto president will proudly announce that he created two more jobs. Next day, every low-IQ voter will be amazed: wow, 1 job vs 3. Obama is the greatest thing since sliced bread!
 
We all know what the bad ideas are..
The New York Times - Breaking News, World News & Multimedia


Summarized: We suffered from a "Post modern recession" brought on by private sector overreach, and the usual methods to handle a recession were ineffective due to interest rates not being high to begin with and the severity of the housing bust/banking crisis. Fiscal Stimulus was the only tool we had left, if sustained, but we got a pathetic small/short lived stimulus. One side lost the debate, and that is the side that predict runaway inflation and soaring interest rates. Now is the time for a larger deficit, with spending aimed at the poor, in my opinion, especially when looking at this:
Why Did US GDP Growth Slow Down in 1Q16? - Yahoo Finance

Krugmans one of those Cockroaches
 
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