The Obama administration claims we’re well on our way back to recovery, and they’ve been saying it for four years. The media simply parrots whatever the Obama administration says. However, to most Americans, it still feels like a pretty deep recession, four years later; and there’s little wonder why. This recovery, if you can even call it that, is now officially the worst in American history.
from Zero Hedge:
If there was any debate whether the Fed’s policies have helped the economy or just the market (and specifically the Bernanke-targeted Russell 2000), the following two charts will end any and all debate. As the following chart from the St Louis Fed shows, as of the just completed quarter, US GDP “growth” since the “recovery” is now the worst in US history, having just dipped below the heretofore lowest on record.
His conclusion is pretty powerful:
Oh well: just keep on doing more of what you are doing Uncle Ben, and if possible destroy the US economy even more than you already have - at this point, at least on a relative basis, you can’t destroy it more.
I know. I know. It’s all Bush’s fault, right?