10 real (and bogus) reasons for the slow recovery

Why has the recovery from the last recession been so agonizingly slow? Here are some common explanations -- some valid and some not.

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VIDEO ON MSN MONEY

175Comments
Sep 25, 2013 8:06PM
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Slow Recovery? What Recovery?

Why not even one mention of globalization?

Why not even one mention of the lack of additional progress in meaningful productivity innovation? 

QE is simply providing liquidity, increasing money supply and forcing asset bubbles at the expense of savers and the USD.

This is a managed decline of America, pure and simple.

I wish this wasn't the case, but unlike a politician, I speak with a straight tongue.

 

You want a recovery? Then vote those crooks out of the House, out of the Senate and by God, out of the White House in 2014 and 2016.  Campaign contribution reform and a balanced budget amendment will round out this new dawn.

Sep 25, 2013 8:44PM
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Spoken in true Keynesian  double speak. Incompetence breeds incompetence. This author is a mental midgit.
Sep 25, 2013 8:45PM
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****ing worthless media!...How long are they going to pretend we dont know that we are screwed?...How long are they going to go on with this sheraid?(sorry I forgot how to spell that word...lol)
Sep 25, 2013 10:50PM
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I am a real estate appraiser of 25 years. The factor that was the primary reason for the economic meltdown of 2008 was the extremely over inflated residential housing market which was brought on by lack of federal oversight and loose lending criteria.
Fast forward 5 years since the meltdown. Feeble attempts and half **** regulations meant to right the ship that was listing have proved to be less than effective. Census data shows in 2000, 31% of households were paying 30% or more of their income for a house. In the year 2010, that percentage was yup to 52%.
The most expensive purchase most middle class Americans will make in their lifetime consumes 22% more of their income than it did 13 years ago. Remember the good old days when we had money for vacations, golf, evenings out, new cars, health care and so on. No wonder the economic recovery is so slow! This isn't rocket science people. We seem to ( at least the evening news seems to) use housing as a barometer for the recovery. The last thing middle class Americans need is housing to recover to 2008 levels. The 2008 home values were way over inflated. "Recovering" to that level will only result in another disaster.  The mortgage industry needs good effective regulations, written by those knowledgeable of the middle class residential housing market. We need stricter recovery methods for the housing market, stricter oversight of our mortgage industry, better appraisers willing to kill a deal that is obviously over priced. The housing market is still a mess and appears to be back on the road to another meltdown if we don't check recent increases in residential housing.
Sep 25, 2013 8:47PM
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In other words...  Everything the democrats say is right.  Does that about sum it up?


BTW:  You forgot to add  Real: climate change.
Sep 25, 2013 8:29PM
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This Article is Bogus. way to go MSN, keep trying, you really are missing the point
Sep 25, 2013 8:51PM
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IT WOULD BE FUNNY IF NOT SO PATHETIC HOW MANY MORONS STILL ARE DEFENDING

OBAMA AND DEMONCRATS ON EVERY FAILED POLICY AND SCANDAL THAT IS ALL OUT

THERE BUT OBAMA'S PROGRESSIVE ACTIVIST ARE MASTERS OF MANIPULATION ALONG

WITH THE LEFT WING BIAS MEDIA! AMAZING HOW NOT ONE OF THESE SLUG KISS ****

LIBERAL REPORTERS WILL ACTUALLY REPORT THE TRUTH! OBAMACARE IS A DISASTER

AND EVERYBODY KNOWS IT AND IT HAS DEATH PANELS AND COST ARE SKYROCKETING

AND CARE WILL BE CUT AND IT WILL DESTROY THE HEALTHCARE SYSTEM UNLESS THE

RIGHT CAN WAKE UP LIKE CRUZ AND KICK SOME DEMONCRAT **** AND START YELLING

AND SCREAMING AND STOP LETTING OBAMA AND THE MEDIA PUSH THEM AROUND!

GET BACK THE SENATE AND THEN STOP OBAMACARE AND THE EPA NAZIS AND ALL

THIS WELFARE NANNY STATE SOCIALIST ANTI AMERICAN AGENDA! RANGEL IS ON

RIGHT NOW SAYING JESUS WOULD WANT AMERICA TO BE A NANNY STATE! REALLY?

I THOUGHT THESE LEFT WING ABORTIONIST NO MORAL DEMONCRATS DIDN'T BELIEVE

IN GOD???? ONLY WHEN THEY NEED TO PUT ON A ACT OF SYMPATHY THEY USE THEIR

SO CALLED RELIGION! PELOSI A CATHOLIC? WHAT A FING JOKE! HYPOCRITES! ALL OF

THEM! THE BRAINWASHING OF THE YOUTH IS ONE OF THE BIGGEST ISSUES BUT NOT

ONE FROM THE RIGHT IS TALKING ABOUT IT! THE LAST FEW GENERATIONS KNOW

NOTHING ABOUT REAL AMERICAN HISTORY AND HOW HARD LIFE REALLY IS AND

NOTHING IS FREE OR EASY AND BIG GOVT TAKING YOUR FREEDOM ISN'T FREE!

WHO OTHER THAN OBAMA DEMONCRATS AND THEIR FRIENDS ARE BETTER OFF NOW?

Sep 25, 2013 7:58PM
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On page 9 of this article is the statement regarding the Federal debt:  " . . . the usual problem with high debt -- high interest rates that deter investment -- has not happened".

The reason for this is the new shell game played by the current Administration, with complicity by the Federal Reserve and Congress . . . a game not played by previous Administrations, at least not on the scale seen in the last five or so years.

The Fed is basically "buying" all of the US debt required to keep the Government running at a budget deficit of around $1 trillion per year.  That's the $85 billion per month figure associated with the Fed's on-going QE3 program.  

The problem is that the Fed is accountable to no one and doesn't have to make "investments" that are either low-risk or have a decent return on equity invested.  They are the ultimate too-big-to-fail organization when the house of cards finally collapses. Of course, taxpayers will have no choice but to bail them (the Federal Reserve banks) out when the >$5 trillion collapse occurs, which is inevitable.

Who's needs China anymore to buy our Federal treasury bonds on the open, competitive market . . . that would force interest rates to rise to offset the associated risk compared to comparable bonds offered by other nations.
Sep 25, 2013 8:51PM
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First of all the So called Bogus excuses are true!  Who comes up with this B/S! Obama supporting morons!
Sep 25, 2013 10:25PM
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This guy is an idiot. Under Obama the dollar has lost half its value against the Australian Dollar (a commodity driven economy) and a third against China. The Fed's monetary policy is largely responsible for this and is reflected in consumer prices for things like food and gas. What drives the irresponsible Fed policy is Obama's excessive govt spending and trillion dollar deficeits. The top 1 percent have done very well....They now save 37 percent of their income compared to 10 under Bush (who was also bad), And last year they averaged 20% income gains.

 

The only tight money policy that exists is for the little guy and start up businesses. There is no funding available for new business stat-ups and this is what is causing the ongoing jobs recession. Between 1980 and 2007 virtually 100 percent of net job gains in the USA came from businesses that have existed for five years or less. What we have is the rise of American Fascism...Government of the big by the big and for the big. Big givernment, Big banks, Big bussiness and Big labor....It is frightening.

Sep 25, 2013 8:07PM
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"The problem is that the Fed is accountable to no one"

 

Incorrect. It is accountable to me and you. WE are obligated to repay what it creates. I have no intention of doing so and I hope you agree. I want to see the "Fed" come after US. I want to know the financial army that will make me bow to them. I vote for a new currency sans a Federal Reserve with any access to it and a government that asks US how and when to use it. You don't insist on building a new aircraft carrier while forcing people to rely on Dollar Menu items and food stamps because you replace jobs with computers and Founders with college morons whose "talent" is finance bookkeeping and golf.

Sep 25, 2013 8:03PM
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 What are you talking about the great Obozo has had many speeches for the drooling stupid idiots called democrats............... What do democrats actually expect results from Obozo the socialist clown? Come on trillions and trillions of debt Big Ben's trillion a year of welfare for the ultra rich 5 years later LOWEST labor participation rate since 1978..................Come on democrats don't be picky.
Sep 25, 2013 8:47PM
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THERE'S ONLY ONE REASON ACTUALLY

The democraps are in power, marxist radical whackout illegal regime, filled with pigs hell-bent on destroying a once great nation through fear, lies and control, simple as that, 5yrs of this!! five years of a 'black guy' you guilty white azzholes got tricked into voting for to assuage your guilty conscience that you're 'not raaaaaaaaaacist!' it's all on you azzholes, that's why we're in a financial economic free fall and it's gonna get soooooo much worse when osamacare kicks in, you morons ain't seen a damn thing yet, and remember YOU MADE IT SO!! YOU GOT YOURSELF TRICKED INTO VOTING FOR A BLACK GUY WHO'S CREATED A DISASTER DOMESTICALLY AND INTERNATIONALLY! BEN GHAZI, THE EGYPT DISASTER, ALQAEDA REGROUPING AND WREACKIN' HAVOC ACROSS THE GLOBE, AND IN BOSTON! you stupid moronic ignorant sons' of whores did this, all due to your guilt! feeling good now? (and I don't give a rats azz if anyone is ofeeeeeeeeeeeeeeeended but TRUTH IS TRUTH) you done feelin' guilty? well it's too late now isn't it....it's gonna take soooooo much work to undo your 'black guilt mistake' in the white house! sooooo much work!
Sep 25, 2013 9:38PM
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Priceless!  Slow recovery due to idiots running the country into the ground and those  idiots are black, white and brown yup idiots of all colors!
Sep 25, 2013 8:55PM
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Unfortunately I agree with some of what you have said and disagree with some of it as well.  I think it is very simple.  We stopped building products to buy because nobody can buy them with cash.  We went from being a credit society to a cash society over night.  Then Wall street and the big banks say it is the fault of the little man on the street who over borrowed.  Well that is just not right.  They successfully duped the average person to borrow and expand because of their own greed.  Then they get bailed out with no repercussion.  Now they borrow money from the Feds at little on no interest, invest it in the futures market driving the price of gas, wheat, corn and other food products up so they are making a fortune.  However they are not making loans to help people buy cars, houses, or anything else.  So the people who used to work in the factories do not have any work since nobody is buying anything unless they have cash.  I think this is a pretty ugly approach to the recovery we talk about so much.  And lets face it nobody in charge has ever ran a company and created jobs.  They are bureaucrats and they do not have a clue what we need to do to get this country going again.  I say all of this and should also tell you I am a businessman who is making a killing today using the things that are available to me to make money.  But I see the frustration everyday in the faces of my friends and some of my customers who do not have a clue what to do next.  They are still losing their houses and their businesses and there is no end in sight. 

Sep 25, 2013 10:08PM
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My fellow Americans we have trash running this country and that trash is left and right as long as they have you all fighting with each other we can never move on and heal the bottom line is lobbying should be a federal crime and once we all realize it we can move on whether you believe this or not we need a President who refuses to act like a coward and the man holding office has failed miserably at this!  I inhaled and I am proud of it!
Sep 25, 2013 11:55PM
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We don't have a revenue problem, we have a spending problem.

 

Santa Claus got outta control and the gimme gimme groups soaked it up.

Sep 25, 2013 10:10PM
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7  OF  12   REASONS ARE DUE TO GOVERNMENT

OBAMA IS THE COMMANDER IN CHEIF,,,,,,,PLAIN AND SIMPLE 
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