Zero Hedge Crushes The "Obama Recovery" Farce With information and 9 Simple Charts from Harvard (1 Viewer)

MissippiWhoDat

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Harvard Crushes The "Obama Recovery" Farce With 9 Simple Charts

Harvard Crushes The "Obama Recovery" Farce With 9 Simple Charts | Zero Hedge


In a recent study entitled "Problems Unsolved and a Nation Divided" (study can be viewed in its entirety at the end of this post), Harvard University points out that, despite claims of an "Obama Recovery," in fact, the U.S. economy has continued to deteriorate in the aftermath of the "great recession." Among other things, Harvard attributes the economic deterioration to a "lack of economic strategy, especially at the federal level" and a "political system was once the envy of many nations" but has now "become our greatest liability."
 

rob22278

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Harvard is nothing but an alt-right, right wing echo chamber for deplorables. Can you please cite a more creditable source?
 
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Interesting spin on the OP article. Let's blame Obama for a problem caused by...

http://finance.yahoo.com/news/us-co...ness-school-hbs-michael-porter-030021739.html

In its just-released report on competitiveness, “Problems Unsolved and a Nation Divided: State of US Competitiveness,” Harvard Business School (HBS) found the US economy currently faces grave concerns. And the path to a solution—namely tax reform, immigration reform, and infrastructure investment—is being hindered by the current political climate.
All three of those things are being hindered not by Obama and the Dem's but by obstructionist Republicans.

Try again
 

WhoDatPhan78

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Harvard Crushes The "Obama Recovery" Farce With 9 Simple Charts

Harvard Crushes The "Obama Recovery" Farce With 9 Simple Charts | Zero Hedge


In a recent study entitled "Problems Unsolved and a Nation Divided" (study can be viewed in its entirety at the end of this post), Harvard University points out that, despite claims of an "Obama Recovery," in fact, the U.S. economy has continued to deteriorate in the aftermath of the "great recession." Among other things, Harvard attributes the economic deterioration to a "lack of economic strategy, especially at the federal level" and a "political system was once the envy of many nations" but has now "become our greatest liability."

Those charts almost all show the economy improving. It's so simple to see it doesn't even need explanation. It's laughable that you think these show the economy doing poorly.

Labor participation should be going down because baby boomers are retiring.

This is the "worst recovery since the Great Depression" because it is recovering from the worst financial crisis since the Great Depression.
 

Saint_Ward

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The key problem: Lack of shared prosperity

Porter says the key issue for America today is a lack of “shared prosperity,” as working and middle-class citizens are struggling.

“The lack of shared prosperity has rightly been a central issue in the 2016 campaign, but the diagnoses and proposed solutions are way off the mark,” the report points out.

As the middle class began to stagnate amid globalization and technological change, instead of increasing investments, the US made “unsustainable promises” to maintain the “illusion of shared prosperity,” the report notes. That included extending credit, expanding entitlements and increasing public-sector benefits.

The report points out that while politicians resort to blame—from immigrants to Wall Street to well-off Americans to other countries, big business and international trade—the solutions offered are “emotionally appealing but simplistic and deeply misguided.”

The HBS report focuses on solutions to make the US more competitive, allowing businesses to compete in domestic and international markets while improving wages and living standards of the average citizen.

“When these occur together, a nation prospers,” according to the report. “When one occurs without the other, a nation is not truly competitive and prosperity is not sustainable.”
Yup, wage growth.
 

WhoDatPhan78

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Harvard is nothing but an alt-right, right wing echo chamber for deplorables. Can you please cite a more creditable source?
He didn't cite Harvard.

He cited an alt right website that misrepresents the data from Harvard charts.
 

Saint by the Bay

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Harvard is nothing but an alt-right, right wing echo chamber for deplorables.
No, but Zero Hedge, which misled you all with a headline that didn't reflect the facts of the study, is. They know their acolytes only read headlines because details and facts aren't Trump-like.
 

Galbreath34

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What do you mean? News isn't just the one line at a time? It's linked to stuff to read? Ain't nobody got time for that.
 

WhoDatPhan78

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This is such a big part of our problem.

The type of people who support trump determine the credibility of their media based on it reinforcing what they already believe.

It only takes a tiny bit of effort and the education level of a seventh grader to debunk this article.

The chart in the article shows labor participation has been on steady decline other than a few years right after 911 when an economic downturn caused some people who had retired to go back to work. They blame Obama for a trend that started in 1997.

People who get their information from these websites aren't even worth arguing with because they have their own set of facts.

I'm not saying they are irredeemable, but I've heard that people are saying that.
 

Saint by the Bay

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This is such a big part of our problem.

The type of people who support trump determine the credibility of their media based on it reinforcing what they already believe.

It only takes a tiny bit of effort and the education level of a seventh grader to debunk this article.

The chart in the article shows labor participation has been on steady decline other than a few years right after 911 when an economic downturn caused some people who had retired to go back to work. They blame Obama for a trend that started in 1997.

People who get their information from these websites aren't even worth arguing with because they have their own set of facts.

I'm not saying they are irredeemable, but I've heard that people are saying that.
Lots of people say that, I don't know, but they say it to me. The ones that don't say it are thinking it. I can tell, because I'm good with the body language.
 

SaintJ

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It would be nice if there were admins and mods who could help on the PDB with misleading thread titles, just like they do on SSF; I think it would upgrade the level of discussion.
 

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