Boots & Sabers

The blogging will continue until morale improves...


Everything but tech support.

2108, 08 Jul 15

Obama’s Economy Still Stinks


Economic growth since 2010, during the “recovery,” has each year been between 2 and 2.5 percent in the United States, which, to use a term employed by PhD-level economists I know, really sucks. This, along with growing federal government offers of free stuff, explains why the labor force participation rate is the lowest it has been in 40 years and why income growth has stagnated.

In a little-noticed development last month – the New York Times, for example, relegated it to the B Section – the Federal Reserve actually LOWERED its growth forecast for the year, pegging it to between 1.8 and 2 percent growth. In other words, even worse than usual for the Obama era. It had been forecasting growth in the range of 2.3-2.7 percent.


2108, 08 July 2015


  1. Kevin Scheunemann

    Consequences of going socialist on health care. Less money for investment and growth of economy. Everyone suffers.

    Socialism works until you run out of other people’s money.

    We may have passed the tipping point here. Next step, we will be like those dim bulbs in Europe….maybe Greece.

  2. Mark Maley

    Liberal governance has taken us to slow , steady job growth with no inflation
    6 years removed from losing 800,000 jobs per month – with the playbook of the guys you voted for twice but now shun

    The guys who blew up the bridge are now complaining about the The speed the new one is being built .

  3. Fairs Fare

    Considering the shape of our economy when Obama took over we have made huge improvements. Am I satisfied… Absolutely not. This is another area where I am critical of Obama. Much more work needs to be done and Republicans need to get on board. Across the aisle cooperation needs to happen now. I am just as disappointed with Republicans and their continued efforts to sabotage the President. Our elected officials need to get to work… Together. Earn your pay or resign.

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