The United States economy was in recession (often dubbed the “Great Recession”) in 2008. Citizens looked to the new presidential administration of Barack Obama for a “Great Recovery.”
Many financial observers believed that a “Great Recovery” never happened. The nickname “Great Unrecovery” has been cited in print since at least September 2010 and was popularized by the February 2013 story “Philly Fed Plunges To 8 Months Low As Great Unrecovery Continues” on the financial blog Zero Hedge.
Conservative Refocus News
The Great Unrecovery: For the Unemployed Over 50, Fears of Never Working Again
Posted by: Barry Secrest
Published on September 21st, 2010 @ 08:29:14 am
The Cowell Crier Newsletter (December 22, 2010)
t’s Time for the Meddling to Stop
(We Need Churchill, not Chamberlain, continued)
This is Obama’s continued failing: no strong leadership. He has not achieved unity of purpose. His policy is appeasement. Consequently, the government continues to meddle in all things: stimulus, deficit reduction, health care, bailouts, etc. and accomplishes nothing except wasting money. People recognize this. They remain fearful of the future; they have neither faith nor confidence in the government. Things are very uncertain, and the Great Unrecovery continues. It’s time for the meddling to stop. The government needs to commit to a war against the deficit and debt. We need Churchill, not Chamberlain.
ECONOMIC FAIRNESS, THE GREAT UNRECOVERY AND THE END OF THE OBAMA PRESIDENCY
Posted by ApolloSpeaks on Tuesday, January 31, 2012 11:03:04 AM
In what was his least watched and longest State of the Union speech Barack Obama the menace of the middle class tried turning himself into its champion by making a case for “economic fairness” saying that it was “the defining issue of our time” for saving all non-rich Americans from the greed of corporate plutocrats and Wall Street 1%ers.
Philly Fed Plunges To 8 Months Low As Great Unrecovery Continues
Submitted by Tyler Durden on 02/21/2013 10:10 -0500
The great unrecovery just accelerated with more great unrotation out of stocks following today’s February Philly Fed which just plunged from -5.8 to -12.5 on expectations of a positive print of +1. This was the worst print in 8 months, the biggest miss in 9 months, and the biggest two month drop in the New Orders index which crashed to -7.8 in 18 months.
New York City • Banking/Finance/Insurance • Thursday, February 21, 2013 • Permalink