Worst of the recession is over

The recession is over in China, Canada, Australia, Europe, Brazil: And in fact in Canada the pace of job creation is fairly sizzling, for the last two months.

Canada, in fact, is near to here, and not from Oslo, which is somewhere else. Oslo is widely criticized as being Europeans, helping to keep the minds of Americans: Off of the Reagan III, "Recovery!"

The Reagan Trajectory Doesn't Work, (And all the world's economies, already know it)!

In case you missed them, The Reagan-Bush three Administrations are the "Reagan I Trajectory." The Bush Two Aministrations are the "Reagan II Trajectory." The Obama year one, of the first Administration, is the promised, "Reagan III Trajectory." At $1.4 tril. federal deficit: It not just coincidentally has a lot in common with the other two.

1) Minority youth violence is at Reagan-Bush gangland murders kinds of levels, even most recently in Chicago. 2) Black teen unemployment alone is at 50% or better. 3) Most of the federal stimulus money is going to upper-scale household supports of income, and even direct payments to those and not to other incomes. 4) The stock markets for the rich are soaring. 5) And actually, Most of Obama I Administration Stimulus, won't kick in until year two. This is still Ben Bernanke, Hero of our Nation, bailing out the rich, financial houses--and finally getting Bush II, Term 2, TARP under control.

Of course the United States is not on a parallel, course of recovery: With the rest of the planet! The Reagan Trajectory doesn't work! What there is now is the same old, "entrepreneurial spirit" gone mad--federally funded--except now with a bit more: Federally funded, state employment.

Millions think that the Reagan Trajectory is the way the world should be run. They crossed-over, and voted for Obama: Even in the primaries. Everyone's getting what those households voted for, and even the Republicans who didn't cross-over are starting to complain.

John McCain, Sunday October 11, is everywhere shown to have been on some Talk Show, calling for jobs-creating spending. That would be like the New Deal, Fair Deal, New Frontier, and the Great Society: That millions came to know and love--with Social Security, MediCare, and even with Affirmative Action. (Actually, MLK, Jr. was not the occupant, at the White House, at any of those times! Guess where he was, and what became of him!)

"Crow, James Crow: Shaken, Not Stirred!"
(With no apologies to Venice Beach, CA, tee-shirts whatsoever--You can say that my Indian Name is "Crawling Drunk, if you must!" Tee-Shirt Painting is really better than school, you can see(?): If I can't(?)!)
 
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Are bad economic times over?? No

Are we better off than we were a year ago? Hell Yes!

One year ago, the Stock Market crashed. It dropped 2400 points in just eight days. From a high of 14,000 it hit 6500 in March 09. This represented a loss of $11.2 trillion.

One year ago, we were losing jobs at a rate of 800,000 a month. We are still losing jobs, but the rate is down to 200,000 a month.

One year ago, the financial industry was on the brink of collapse. The government (this includes Bush) propped up the banks and prevented catastrophy.

One year ago the housing marked imploded. No money was available for loans, borrowers were defaulting, housing prices plummeted.

Where are we now?

The Stock Market has rebounded to close to 10,000. This means $4.6 trillion has been recouped.

The Index of Leading Economic Indicators is up for 5 consecutive months.

The housing market has stabilized and is going up in some regions. Housing prices are increasing.

Consumer confidence is increasing from a low of 25% in Feb to 53% today


Is there still bad economic news.? There sure is. But anyone who says we are not better off than we were last fall is in denial and praying for our economy to fail
 
I'm entertained by accusations from both sides that the other side caused this.... In actual fact, they are all responsible - along with governments around the world.

But rather than seeing our politicians for what they are - self serving, lying, SOBs on a global scale - instead we throw rocks at each other.

Funny, and kinda sad.
 
Are bad economic times over?? No

Are we better off than we were a year ago? Hell Yes!

One year ago, the Stock Market crashed. It dropped 2400 points in just eight days. From a high of 14,000 it hit 6500 in March 09. This represented a loss of $11.2 trillion.

One year ago, we were losing jobs at a rate of 800,000 a month. We are still losing jobs, but the rate is down to 200,000 a month.

One year ago, the financial industry was on the brink of collapse. The government (this includes Bush) propped up the banks and prevented catastrophy.

One year ago the housing marked imploded. No money was available for loans, borrowers were defaulting, housing prices plummeted.

Where are we now?

The Stock Market has rebounded to close to 10,000. This means $4.6 trillion has been recouped.

The Index of Leading Economic Indicators is up for 5 consecutive months.

The housing market has stabilized and is going up in some regions. Housing prices are increasing.

Consumer confidence is increasing from a low of 25% in Feb to 53% today


Is there still bad economic news.? There sure is. But anyone who says we are not better off than we were last fall is in denial and praying for our economy to fail

Well glad we agree, cancel all of the unspent stimulus money. Our market doesn't need massive deficit spending to recover, thanks for your agreement.
 
we have close to 75% increase in unemployment from last year and we are doing better?
 
we have close to 75% increase in unemployment from last year and we are doing better?

As you well know, unemployment is the last thing to recover in a recession. Under Reagan it took two and a half years and unemployment was still rising.
 
we have close to 75% increase in unemployment from last year and we are doing better?

As you well know, unemployment is the last thing to recover in a recession. Under Reagan it took two and a half years and unemployment was still rising.

What exactly has Obama done to help the economy recover? Stimulus? Over 3/4 of the money still remains unspent....

The economy was going to recover on its own.
 
Are bad economic times over?? No

Are we better off than we were a year ago? Hell Yes!

One year ago, the Stock Market crashed. It dropped 2400 points in just eight days. From a high of 14,000 it hit 6500 in March 09. This represented a loss of $11.2 trillion.

One year ago, we were losing jobs at a rate of 800,000 a month. We are still losing jobs, but the rate is down to 200,000 a month.

One year ago, the financial industry was on the brink of collapse. The government (this includes Bush) propped up the banks and prevented catastrophy.

One year ago the housing marked imploded. No money was available for loans, borrowers were defaulting, housing prices plummeted.

Where are we now?

The Stock Market has rebounded to close to 10,000. This means $4.6 trillion has been recouped.

The Index of Leading Economic Indicators is up for 5 consecutive months.

The housing market has stabilized and is going up in some regions. Housing prices are increasing.

Consumer confidence is increasing from a low of 25% in Feb to 53% today


Is there still bad economic news.? There sure is. But anyone who says we are not better off than we were last fall is in denial and praying for our economy to fail




Prove it big mouth! prove it.
 
Willow, don't wait for me,
Let's go cut down the old willow tree,
Then let's go sit under
The Liberty Tree.

(Thanks once again for being a great audience, and tell your friends and neighbors -- particularly willow tree -- I will be onstage and entertaining)
 
Willow, don't wait for me,
Let's go cut down the old willow tree,
Then let's go sit under
The Liberty Tree.

(Thanks once again for being a great audience, and tell your friends and neighbors -- particularly willow tree -- I will be onstage and entertaining)

This has to be one of the dumbest posts I have ever seen...Wow the stupidity is confounding
 
Here is a good summary of democrats ignoring Fannie and Freddie.
Hot Air » Blog Archive » Democrats refuse to talk about Fannie, Freddie in Oversight hearing
Democrats aimed their harshest attacks at deregulation and CEO pay, using former Lehman Chairman and Chief Executive Officer Richard Fuld as an example during a recess hearing of the House Oversight and Government Reform Committee.

http://www.c-spanarchives.org/libra...owVid=true&clipStart=7771.07&clipStop=8078.66

Chairman Henry Waxman (D-Calif.) also released internal documents showing Lehman’s compensation committee recommended $20 million in “special payments” to three departing executives on Sept. 11, four days before the firm filed for bankruptcy.

Republicans, for their part, launched a campaign to pin the financial meltdown on Fannie Mae and Freddie Mac, and attacked Waxman for not holding a hearing to dig into the now-nationalized mortgage giants.

“Any hearing on oversight that does not begin with Fannie and Freddie and [former Fannie Mae CEO] Franklin Raines will be a sham,” said Rep. John Mica (R-Fla.). “This is like investigating a train robbery and only talking to the dining car stewards.”
It seems to me that democrats ignored the problem for one of two reasons.

a. they are incompetent.
b. they knew it was going to fail but decided to let it play out so they would have fodder for the election campaign in order to ride into power.

I'm picking b.

It wasn't just the housing market either. The dopey libs were against anytihng including the war. 8 years of screaming failure and quagmire took it's toll.

And the proof is? Where are those screams today?
 
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This recession is over my ass, It will be over when pigs fly and Barry deserves and earned the noble prize!!!!
 
WASHINGTON (Reuters) - The worst U.S. recession since the Great Depression has ended, but weak household spending as the labor market struggles to create jobs will slow the pace of the economy's recovery, according to a survey released on Monday.

The survey of 44 professional forecasters released by the National Association of Business Economists (NABE) found that 80 percent of the respondents believed the economy was growing again after four straight quarters of declines.

"The great recession is over," said NABE President-Elect Lynn Reaser.

"The vast majority of business economists believe that the recession has ended, but that the economic recovery is likely to be more moderate than those typically experienced following steep declines."

Recessions in the United States are dated by the National Bureau of Economic Research. The private-sector group, which does not define a recession as two consecutive quarters of decline in real gross domestic product, often takes months to make determinations.

The current recession that started in December 2007 is the longest and deepest since the 1930s.

Worst of the U.S. recession over: survey | Special Coverage | Reuters

Awesome.

I'll wait to see if we gain at least 1 net job this month before I celebrate too much. They said the same thing at the beginning of september then we lost 250,000 more jobs.

Time will tell but still thats great news.
 
we have close to 75% increase in unemployment from last year and we are doing better?

As you well know, unemployment is the last thing to recover in a recession. Under Reagan it took two and a half years and unemployment was still rising.

What exactly has Obama done to help the economy recover? Stimulus? Over 3/4 of the money still remains unspent....

The economy was going to recover on its own.

There you have it America....
When Obama saved the financial sector they predicted an economic collapse
When Obama passed the stimulus...they predicted an economic collapse
When Obama saved the auto companies...they predicted economic collapse
When Obama passed the stimulus...they predicted economic collapse

When the economy boomed...they say "The economy was going to recover on its own"
 
WASHINGTON (Reuters) - The worst U.S. recession since the Great Depression has ended, but weak household spending as the labor market struggles to create jobs will slow the pace of the economy's recovery, according to a survey released on Monday.

The survey of 44 professional forecasters released by the National Association of Business Economists (NABE) found that 80 percent of the respondents believed the economy was growing again after four straight quarters of declines.

"The great recession is over," said NABE President-Elect Lynn Reaser.

"The vast majority of business economists believe that the recession has ended, but that the economic recovery is likely to be more moderate than those typically experienced following steep declines."

Recessions in the United States are dated by the National Bureau of Economic Research. The private-sector group, which does not define a recession as two consecutive quarters of decline in real gross domestic product, often takes months to make determinations.

The current recession that started in December 2007 is the longest and deepest since the 1930s.

Worst of the U.S. recession over: survey | Special Coverage | Reuters

I am comtinually amazed at the gullibilty of you who support this paper economy and Obama. Let me ask you a question. How is economic growth measured? What are it's components?

Let me give you a head start. National income which, in our case is measured in dollars, is a primary indicator of economic growth.

You already know where I'm going with this right??

When the dollar tanks against other curency, WHICH HAS BEEN HAPPENING FOR THE LAST 3 MONTHS, you have a rise in national income as compared to other country's exchange rate for dollars. THIS GIVES THE FALSE IMPRESSION OF INCREASED INCOME FOR THE U.S.

The panorama above of profound social and economic
changes can be simplifed dramatically by concentrating
on just a single key economic variable, income
per capita. (We will return in Sect. 8 below to issues of
broader structural transformations).
Income per capita is the per head measure of the
total value of all goods and services produced in an
economy. Taking national income measured by either
gross national product (GNP) or gross domestic
product (GDP), or its regional counterpart and
dividing it by population in the appropriate nation or
region gives a convenient first measure on the state of
economic well-being. Since total income is the same as
total output, this measure might sometimes be usefully
replaced by output per worker, or labor productivity,
where the denominator is then the size of the labor
force; or, even output per worker-hour, where the
measure then takes into account the time spent
working by the labor force.

The NABE is basing their assumption of economic growth based on the value of goods and service produced by the United States but are not telling you the dollars decline in value on the world's currency markets creates a false impression of growth. If they used the productivity of the labor force it would show THE ECONOMY IS STILL ALL FUCKED UP.

How can you have rising unemployment and a recovering economy....I'll tell you.

DEVALUE THE DOLLAR ON THE WORLD'S CURRENCY MARKETS.

Fucking smoke and mirrors!!!!!!!!!!!!!
 
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There you have it America....
When Obama saved the financial sector they predicted an economic collapse
When Obama passed the stimulus...they predicted an economic collapse
When Obama saved the auto companies...they predicted economic collapse
When Obama passed the stimulus...they predicted economic collapse

When the economy boomed...they say "The economy was going to recover on its own"

The economy hasnt improved. Its gotten steadly worse. It's not going to be nearly as strong as it was until we stop overregulating it.
 
You neo-con, tea bagging economy lagging lozers are laughable. Avatar, in which country do you live?

You are starting to sound hysterical. Reality catching up with you that you are locked outside and not getting back inside during your lifetimes?
 

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