Us economic recessions dating
That figure now stands at .3 trillion, an increase of 95 percent under Obama.
At the current rate it will surely rise to a doubling during Obama’s presidency — possibly by the time of our next update three months hence. Regular All Formulations Retail Gasoline Prices.” Data extracted .
European unemployment is stuck at 12 percent, for example.
And China’s economic growth has slowed and remains problematic.
Health care spending consumed a record 17.4 percent of the nation’s entire economic output in the recession-plagued year of 2009. “Time Series: Seasonally Adjusted Home Ownership Rate.” Data extracted . “Supplemental Nutrition Assistance Program (Data as of January 10, 2014).” Data extracted . “Food stamps will get cut by billion this week — and more cuts could follow.” Washington Post Wonkblog. But that’s not entirely due to “discouraged workers” dropping out because they believe no jobs are available, as some Obama critics would have you believe. Other labor-force dropouts include members of the baby-boom generation, who are retiring in droves. During the same time, the number of workers on state payrolls went down 3 percent and those on local government payrolls declined by 3.5 percent. “China’s Stocks Fall to Five-Month Low on Economic Growth Concern.” Bloomberg News. “Inflation, Strangely Low, Holds Key to 2014 Fed Policy.” Thompson/Reuters. A big reason for the disparity is that state and local governments generally must balance their spending and income each year, while the federal government can keep up spending by borrowing.