You go out of your way to “quote” me, using quotation marks and yet … misquote me, distorting the meaning in precisely the sense that is at issue! I wrote “The financial crisis of 2008 was followed, not long*** later,*** by …” Am I nitpicking? Not when your elision of a key phrase changes the meaning and led to this derailment.
And you persist in conflating ordinary recessions (which aren’t awfully different from random fluctuations) with major financial panics, calling the recovery from 2008 “anemic” rather than, as you would if you correctly compared with 1929, “robust.”
Do we have broad areas of agreement? Probably. I agree that the U.S. economy may be undergoing structural changes independent of the topics under consideration here that might make low-growth doldrums a new norm.
Am I exaggerating slightly? For example, by insisting that the 2008 crisis be compared only with 1929 rather than random recessions? Very slightly, perhaps. But it is irksome to contend with nonsense and hyperbole. You misquote me. You pretend that the 2008 Panic was a routine recession. You show severe ignorance about the Clinton deficit reduction. (Google it yourself please; I’ve provided links for this many many times already.) You don’t even acknowledge that it so happens the S&P 500 index TRIPLED under Obama’s watch. (Yes, that’s unprecedented.)
Do I make a big deal out of that tripling? I just want to see the right-wingers acknowledge it. If it had happened during a Republican Administration it would be all we ever heard on radio and TV. Instead it went almost unnoticed.