But it's only up until it goes down again. That it continued to rally and improve is key and underscores the point that it wasn't simply a matter of there being no other possible outcome. It could have easily crashed again or the growth could have been far more subdued.
There is no logical basis for your premise.
They don't have to rebound and a bottom can be a temporary stop....
I would have thought that an average-IQ person, and I presume you are probably higher than that, would easily understand a simple truism, i.e., something that is self evident: "Once it reaches bottom, the only way is up."
It is a truism, because if it doesn't go up, it hasn't reached the bottom. It is a truism, thus making perfect sense, not "nonsense."
Your rebuttals are nothing but
non sequiturs and straw men.
I did not claim that it will continue to grow next hundred years. I did not claim that it can not go into another recession (double-dip). Economies go in cycles, and recessions happen from time to time. So, obviously, "the only way is up" is true until the next recession. But until it happens (next recession) the only way is up.
I do not dispute that it might have gone, theoretically, all the way to zero. But it did not happen, and the history of the US GDP is an upward trajectory, with recessions being a temporary bump in the road. The trend has been historically upward, and, over time, new highs are reached. Therefore, after a recession, the next phase is up, until the next recession, and even then, the level reached might be higher than the penultimate recession.
I did not go into whom to credit or blame for growth or fall. In a different thread I argued that it is a risky business assigning credit or blame to sitting presidents.
We were not discussing hypotheticals, we were discussing history, and the history, after the 2008-2009 recession, was only up, no double-dip.
The only reason the phrase "the only way was up" was used was to indicate why growth rates post-recession bottom are always more impressive that those that start with a higher base. That is a simple percentage math.