Democratic National Committee chairperson Debbie Wasserman Schultz was on MSNBC talking about how the economy is doing well under the leadership of Democrats:
Andrea, Americans are longing to continue the 67 straight months of job growth we have had in the private sector under Barack Obama. What they don’t want to do is go back to the failed policies of the past that got us into the worst economic crisis since the Great Depression. That’s the contrast, and any one of our candidates is talking about moving our country forward and the Republicans are obviously all trying to take our country backward.
Has the economy recovered? An article by CBS said:
If the country were a hospital patient, its doctors might want to try another course of treatment.
This Wall Street Journal article said:
The economic expansion – already the worst on record since World War II – is weaker than previously thought, according to newly revised data.
Financial analyst Peter Schiff commented on CNBC that all indicators are pointing to a declining American economy.
Look at the manufacturing numbers. Look at the ISM [Institute of Supply Management] numbers. Look at industrial production numbers. Even, look at the consumer spending numbers, confidence numbers. Everything is going down despite zero percent interest rates. All we got for the Fed to hang its hat on are these phony employment numbers. Yes, we have a low unemployment rate. Big deal. Nobody’s looking for work. They’ve all left the labor force. They’ve all settled for part-time jobs. Meanwhile, rents keep going up. Consumers have no purchasing power. They have lousy jobs. They’re drowning in debt. This economy is a disaster, thanks to the Fed.
Do you think the economy is thriving? Share and comment below.