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Originally Posted by theking
To the best of my knowledge the economy has not ever reached zero growth and is slowly growing each quarter. History shows that job recovery is slow to follow economic recovery.
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It has reached zero growth. It's called deflation. And this isn't a recovery, nor a jobless one at that, it's a double dip depression. I wish the economy would hurry up and collapse so we can get through the bullshit and create a new model. Or perhaps, incorporate the Austrian School as the new "mainstream" economics.
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I personally think that 50% or more of those that have lost their jobs during the recession will not get their jobs back and I personally think that the US will never reach the economic peak of past.
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Our peak was the 50s. Then decades of monetary and fiscal mismanagement, coupled with the credit/subprime mortgage crisis, doomed us. Now Obama and Bernanke have brought the concept of "end game" to a whole new level. And you're right, those jobs won't come back.