US economy breaks record with post-recession expansion

The U.S. economy broke a record for its longest expansion ever Monday.

Economic expansion has continued for more than 10 years. Growth is now in its 121 month since the Great Recession ended in June 2009, according to the National Bureau of Economic Research.

The economy set its previous 120-month record between March 1991 and March 2001. That growth period ended after the dot com bubble burst.

The rate of growth, however, has been slower than during other periods of economic expansion. For example, during that previous record-holding period in the 90s, the average growth was 3.6 percent per year. The 10 previous economic expansions, going back to World War II, averaged a 4.3 percent. But this current expansion period has averaged just 2.3 percent growth per year.

As of the first quarter, U.S. GDP grew 3.1 percent. …

It was worse than that - all the money the Fed pumped into the stock market through the “too big to fail” banks that owned our politicians will have to be paid back by “we the people”. Our children will pay for the “Obama stock-market” long after we are dead. If you remove the “money pump” during the Obama years, his economic record is abysmal. Everything he touched was crap as expected for a government driven stimulus. Trump has been brilliant. He was right. The legions of “experts” were wrong.

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Source: Freerepublic.com

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