Study: Only 3 Out Of 76 Major U.S. Metro Areas Are In Economic Recovery

Surprise, surprise. More evidence is out that points to the economic recovery that’s supposed to be taking place in the United States as being a big joke. Reuters’ Lisa Lambert talked about a new report that was released today by the Washington, D.C.-based think tank the Brookings Institution and wrote on the Yahoo! News website:

The United States has the most major metropolitan economies of all countries – 76 – according to an annual report on the 300 largest metropolitan economies worldwide that Brookings released on Friday…

Three and a half years since the 2007-09 economic recession ended, only three major U.S. metropolitan areas are experiencing an economic recovery, according to the Brookings Institution.

(Editor’s note: Italics added for emphasis)

Those three metro areas are Dallas, Knoxville, and Pittsburgh.

Congratulations you guys.

Only 3 out of 76 major metropolitan economies in the U.S. experiencing an economic recovery?

Pathetic.

Especially when you consider all that stimulus, all those bailouts, all that government intervention, all that new debt heaped on the pile these past couple of years. Lambert added:

“It was still better than last year when the U.S. had no metro recoveries,” Brookings Associate Fellow Emilia Istrate said.

0 recoveries to 3 out of a possible 76? Pardon me for a moment while I head outside to go dance in the streets.

Source:

Lambert, Lisa. “Only three major U.S. cities see economic recovery: study.” Reuters. 30 Nov. 2012. (http://news.yahoo.com/only-three-major-u-cities-see-economic-recovery-050732585.html). 30 Nov. 2012.