[besson3c]

Let's see how much I've learned about American politics...

The economy seems to be recovering. When it has recovered to the point that the positive signs are undeniable, I predict that the right wingers will credit the republican congress and senate, and the left wingers will credit Obama and the foundation layed by his administration.

Let's see if I'm right...

[turtle777]

You are wrong in your premise.

There is no real economic recovery.

If you take out the shale oil & gas boom (financed, btw, by cheap money from the Fed), we would have been in a recession.

The $300–$400 billion overall annual economic gain from the oil & gas boom has been greater than the average annual GDP growth of $200–$300 billion in recent years—in other words, the economy would have continued in recession if it were not for the unplanned expansion of the oil & gas sector.

http://www.zerohedge.com/news/2014-1...energy-jobs-us

Since oil prices dropped so much, oil & gas is in for a hard landing, making a lot of companies go bust. That in turn will trigger defaults on loans, which will blow up banks.

No recovery to see here, folks. Move along.
I stand by my "prediction" of an economic crash in the next 12-15 months.

Feel free to credit Obama with that

-t

[besson3c]

What is your track record of predictions? If there isn't an economic crash, I still predict that what I said will hold true.