A Two-Video Primer on the Shallowness of the Current ‘Recovery’
Unfortunately, they buy into the fiction that recession started in December 2007 when the recession as normal people define it (two or more consecutive quarters of contraction) really began in the third quarter of 2008.
Otherwise, the two videos, which were put together in July and September, respectively, while a bit dry, are nicely done (Part 1; Part 2; HT to an emailer):
The YouTube posts have presentation outlines and detailed links to supporting detail. There appears to be a Part 3 in the works explaining why current times are so much more uncertain than they were during analogous periods in the past.
Bill Clinton, in a vain attempt to defend Obama’s record, claims that the American people haven’t been patient enough. The fact is, the American people, with the exception of the Great Depression lengthened by Democrat Franklin Delano Roosevelt, have never had to wait so long to see the economy recover — and it’s nowhere near legitimate recovery yet.
