{"id":15208,"date":"2012-08-24T09:49:24","date_gmt":"2012-08-24T13:49:24","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=15208"},"modified":"2012-08-24T09:49:25","modified_gmt":"2012-08-24T13:49:25","slug":"news-that-really-does-not-make-me-happy","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=15208","title":{"rendered":"News That Really Does Not Make Me Happy"},"content":{"rendered":"

Bloomberg<\/a> reported yesterday that incomes<\/a> in America<\/a> declined more in the three year expansion since 2009 than during the longest recession<\/a> since the Great Depression<\/a>. The ‘great recession’ in America officially ended in 2009. There is a technical definition of a recession, and according to that definition, the recession in America ended in 2009. However, the income and unemployment<\/a> numbers for Americans have not improved.<\/p>\n

The article reports:<\/p>\n

\u201cAlmost every group is worse off than it was three years ago, and some groups had very large declines in income,\u201d Green (Gordon Green, Sentier Research LLC.), who previously directed work on the Census Bureau<\/a>\u2019s income and poverty statistics program, said in a phone interview today. \u201cWe\u2019re in an unprecedented period of economic stagnation<\/a>.\u201d<\/strong><\/p>\n

While gains in hourly earnings and average hours worked per week may have had \u201ca minor mitigating effect\u201d on income declines, they couldn\u2019t offset a jobless rate that hasn\u2019t fallen below 8 percent since February 2009 and a record duration of unemployment, according to the Annapolis, Maryland-based firm.<\/strong><\/p>\n

The average duration of unemployment increased to a record 41 weeks in November and remains at 39 weeks<\/a>, Labor Department<\/a> data show. Almost 5.2 million<\/a> Americans have been out of work for at least six months.<\/strong><\/p>\n

This snapshot of the economy does not bode well for the re-election chances of Barack Obama.<\/p>\n

\"Enhanced<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Bloomberg reported yesterday that incomes in America declined more in the three year expansion since 2009 than during the longest recession since the Great Depression. The ‘great recession’ in America officially ended in 2009. There is a technical definition of … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[3801,1533,1472,3800,285,2787],"class_list":["post-15208","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-census-bureau","tag-great-depression","tag-income","tag-recession","tag-united-states","tag-united-states-department-of-labor"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/15208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15208"}],"version-history":[{"count":2,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/15208\/revisions"}],"predecessor-version":[{"id":15211,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/15208\/revisions\/15211"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}