Under Pres. Obama, America is experiencing The Great Receding. It is a phenomenon that touches virtually every aspect of American life, and also impacts the world.
It is both a dangerous and needless trend. America does not need to diminish. Receding is not fated; it is chosen.
The Great Depression was the result of new tools held by BIG GOVERNMENT, and employed by people enamored with "new ideas", including a perversion of Keynesian economics, fascist economic theory, and general collectivism. It was not a "Great" Depression for others around the world. In Germany, for instance, far more an economic crater than was the U.S., the Thirties were a period of amazing expansion. That was but one nation that experienced great economic growth while the U.S. languished under BIG GOVERNMENT programs.
Just as now (h/t Hot Air)--
Obama tells us we are on the right track--recovery is well under way. But we know what recovery would look like; this is a graph of Canadian employment, showing the same period--
The policies of the Obami are seemingly calculated to push America into a Receding...a period of diminution, of shrinking and contracting. They cannot be the result of mere ignorance.
3 hours ago