Name:   GoneFishin - Subject:   Time To Educate MM Date:   8/1/2015 12:29:25 PM (updated 8/1/2015 12:34:50 PM)

"It is a fact that this recovery is not the worst ever since WW II or any other time frame you wish to consider.  It is especially not the worst ever when weighed against the depth to which the economy had contracted before the recovery began...by far the worst contraction since the Great Depression.  In addition to an employment, spending, construction and general economic contraction, the 2008 downturn included a banking crisis. Until 2008 the 1929 collapse was the only crisis since WW I that included the drag of a major monetary-banking crisis. 

In the early stages this recovery was below the average recovery but not the slowest ever and in the past 36 months the recovery, by most measures, has been better than average.  The "better than average" is especially true for corporate profits which have experienced a recovery exceeded only by the recovery from the 1949 recession...why aren't the business conservatives which dominate this forum celebrating this fact?"

"My research was at sources such as Forbes, Bloomberg, FT etc...not just Gov't stats.

The current overall recovery from the pre-recession high back to the same level has been the "longest" but not the weakest since the Great Depression...use a few brain cells people...the drop from high to low point of the Great Recession was also the steepest and deepest since the Depression.

Well duh, does it not make sense that the recovery from the low point to pre-recession level would take longer because it had further to go?

The jobs recovery started out very poorly but is now moving along at better than the pre-recession rate.  The stock market recovery has been better than average from the beginning of the recovery.  The corporate profits recovery have been much better than typical,  Average worker income has been disappointing but has been mitigated by almost non-existant overall inflation (have to wonder if the income recovery would be better if the corporate profits recovery had been spread around a bit...yeah yeah l know socialist/ marxist/communist blah, blah, blah)...sure, if the corporate profits had benn spread among the employees instead of the investors the m stock recovery might have been slowed.  Manufacturing growth has slowed now but in the early recovery had been impressive after years of retreat.  Bottom line it is a mixed bag but the current 5 1/2 year and counting recovery started slowly but has accelerated in the last 3 years and is now exceeding previous recoveries in some measures while lagging in others.

Now, I know you guys still think we are at best treading water and that all that is bad can be laid at Obama's door step.  Well, if that is so do you place the original collapse at George W's door step...after all it occured on his watch?  Isn't what's good for the goose good for the gander?  Actually no...Bush bears very little of the blame (congress maybe) for the recession and Obama deserves little of the blame or credit for the recovery." Archie makes alot of sense.