The Obama Recovery is coming.
Posted: February 17, 2009 6:35 pm
Yes, you read that right.
The economy is going to recover. I'm sure of this.
Why? Because it always does. Short of a depression, which we have about once every 125 years, dips in the economy always end and the economy gets better within a year or two. It's called the "business cycle" -- the economy periodically dips into recession and then comes out of it. It's natural, and it happens all the time, at least once a decade.
So the Obama Recovery (as it will be labelled) is coming, and coming soon, just as the Reagan recovery came in '82, the Clinton recovery came in '93 (even though stats prove it had actually started in late '92) and the Bush II recovery came in '01. It's always -- ALWAYS -- best politically for a President to take office during a recession, because a)- the recession WILL end within a couple of years and b)- he (or, one day, she) can take credit for its ending, and c)- we seldom have two recessions within four years, meaning the economy is usually still expanding during the next Presidential campaign.
The question is, how long will the Obama Recovery take to get here, how long will it last, and what effect will rampant government deficit spending have on it (insofar as inflation and interest rates go).
I personally think we'll see much higher inflation and interest rates within the next four years, due to Obama's misguided ecomonic policies, but the economy will start to grow again, and soon.
The economy is going to recover. I'm sure of this.
Why? Because it always does. Short of a depression, which we have about once every 125 years, dips in the economy always end and the economy gets better within a year or two. It's called the "business cycle" -- the economy periodically dips into recession and then comes out of it. It's natural, and it happens all the time, at least once a decade.
So the Obama Recovery (as it will be labelled) is coming, and coming soon, just as the Reagan recovery came in '82, the Clinton recovery came in '93 (even though stats prove it had actually started in late '92) and the Bush II recovery came in '01. It's always -- ALWAYS -- best politically for a President to take office during a recession, because a)- the recession WILL end within a couple of years and b)- he (or, one day, she) can take credit for its ending, and c)- we seldom have two recessions within four years, meaning the economy is usually still expanding during the next Presidential campaign.
The question is, how long will the Obama Recovery take to get here, how long will it last, and what effect will rampant government deficit spending have on it (insofar as inflation and interest rates go).
I personally think we'll see much higher inflation and interest rates within the next four years, due to Obama's misguided ecomonic policies, but the economy will start to grow again, and soon.
