If this is supposed to be an “economic recovery” it sure is pathetic. In fact, as you will read below, the numbers tell us that this is the worst economic recovery that the American economy has ever seen. If what we had experienced was a “normal” recession and a “normal” recovery, then jobs, economic growth and home values would have come roaring back by now. But they haven’t. The Federal Reserve injected unprecedented amounts of new money into the system and the federal government went into unprecedented amounts of new debt, but all of that effort has not accomplished much. It did buy us a little bit of time and a period of relative economic stability, but now there are all kinds of signs that we are about to go into another recession (or something even worse). So is it really honest for Ben Bernanke and Barack Obama to be using the term “economic recovery” to describe what is happening?
The truth is that what is really taking place is that the long-term economic decline of the United States is beginning to accelerate.
But most Americans simply don’t understand what is going on.
The mainstream media teaches us to blame our politicians for the economy. One recent survey found that 44 percent of the American people believe that the U.S. economy is “worse than when Obama was inaugurated”.
Yes, Barack Obama is a horrible president. But the economic downfall of this nation is not all his fault. George W. Bush was a horrible president too. So was Bill Clinton. Congress has been corrupt and incompetent for decades.
Of course the institution that is most responsible for our economic problems is the Federal Reserve. Thankfully, more Americans than ever are starting to realize this.