Federal Reserve Study Proves That Obama Presiding Over WORST ‘RECOVERY’ EVER

Obama epic fail alert number 16 trillion:

Here’s the summary version:

If there was any debate whether the Fed’s policies have helped the economy or just the market (and specifically the Bernanke-targeted Russell 2000), the following two charts will end any and all debate. As the following chart from the St Louis Fed shows, as of the just completed quarter, US GDP “growth” since the “recovery” is now the worst in US history, having just dipped below the heretofore lowest on record.

Can we have the worst economy ever?  Let’s ask some Democrats.  What’s that they’re saying?

Here’s the more detailed version – which includes the quote above – provided by Tyler Durden at Zero Hedge:

It’s Official: Worst. Recovery. EVER
Submitted by Tyler Durden on 01/24/2013 09:22 -0500

If there was any debate whether the Fed’s policies have helped the economy or just the market (and specifically the Bernanke-targeted Russell 2000), the following two charts will end any and all debate. As the following chart from the St Louis Fed shows, as of the just completed quarter, US GDP “growth” since the “recovery” is now the worst in US history, having just dipped below the heretofore lowest on record.

A slightly prettier version of the same chart created by JPM’s Michael Cembalest, is presented below:

But fear not: it is only the worst recovery ever for anyone unlucky enough to still rely on such Old Normal concepts as the “economy” to feed, clothe and provide shelter for themselves.

For those lucky 1% of the US population whose entire wealth is in financial assets (and who once again managed to avoid a tax hike on carried interest or any actual financial assets), times have almost never been so good.

Well, it’s not the biggest surge in the market since the economic trough in history, but it is close. Which as Bernanke admitted some time ago (when discussing the level of the Russell 2000), is the only thing that actually matters to the Fed.

Yet oddly enough, the trickle down from the trillions in excess wealth created for those who hold financial assets, as a result of daily POMOs pumping some $85 billion, and soon more, into the stock market each month, has yet to materialize.

Oh well: just keep on doing more of what you are doing Uncle Ben, and if possible destroy the US economy even more than you already have – at this point, at least on a relative basis, you can’t destroy it more.

Well, that’s what the American people decided they wanted, and it is what they should get.

Conservatives – myself very definitely included – predicted categorically that Obama was going to take American in the wrong direction, and we have been documenting the miserable economy Obama has actually delivered in spite of all of his failed promises of Utopia ever since.

The funny thing is that historically, the worst the economic collapse the bigger, faster and sharper the recovery.  Obama has given us the exact opposite.

And then there’s that giant black hole of depression that is just waiting to eat the American people alive like nothing ever has before.  Because, again, we voted for it, and we should get what we voted for.

I used to think that the Antichrist would be an incredibly capable leader.  I now realize I might very well be wrong.  As I re-read the Book of Revelation, I never actually see real signs that the economy presided over by the Antichrist ever really improves; rather, he may be nothing more than an incredibly skilled demagogue who continues to sink the world deeper and deeper into debt and chaos while blaming his opponents for his failures and implementing policies that actually sink the world deeper and deeper into the mire of a failed economy as the world continues to worship him.  Sort of like what is happening now with Obama, just on an even grander scale.

About these ads

Tags: , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Follow

Get every new post delivered to your Inbox.

Join 513 other followers

%d bloggers like this: