The Disappearing Recovery

[Trident1]

http://online.wsj.com/article/SB10001424052702304911104576443953024891120.html




Great article. The Democratic policies are to blame.

 

[Hot Mega]

Online.wsj.com

And the writing leads with a question:

"What if the weak recovery is all the recovery we are going to get?"

:1orglaugh..Tri harder....(Article??? Tri 'particle':2 cents

 

[Trident1]

Online.wsj.com

And the writing leads with a question:

"What if the weak recovery is all the recovery we are going to get?"

:1orglaugh..Tri harder....(Article??? Tri 'particle':2 cents

Stay ignorant.

 

[tiger1977]

...demonization of business.

This does sound familiar...

 

[Ace Boobtoucher]

Fucking Nobama can only lay blame. He doesn't offer any tangible solutions.

 

[Trident1]

Fucking Nobama can only lay blame. He doesn't offer any tangible solutions.

We're headed to a bloated doddering 1970s Euro model. What's next...........ABBA 24/7?

 

[monicasilver]

We're headed to a bloated doddering 1970s Euro model. What's next...........ABBA 24/7?

I like ABBA!:nanner:

 

[Hot Mega]

Fucking Nobama can only lay blame. He doesn't offer any tangible solutions.

"Obama taking credit for killing OBL is some straight bullshit right there..."\/:cussing:

 

[busenbust]

There was no fucking recovery ; we never came out of the depression (2008); sure, we have a pump in equities by QE I and II and the printing press -- but only because equities make headline news. there was no recovery: unemployment -- actual -- is closer to 15 per cent and it's structural. As I've said before: the Fed is fucking insane -- and now talk of QE III -- won't make any difference to the unemployment rate. Good luck Ben -- u are gonna need it !

 

[Hot Mega]

There was no fucking recovery ; we never came out of the depression (2008); sure, we have a pump in equities by QE I and II and the printing press -- but only because equities make headline news. there was no recovery: unemployment -- actual -- is closer to 15 per cent and it's structural. As I've said before: the Fed is fucking insane -- and now talk of QE III -- won't make any difference to the unemployment rate. Good luck Ben -- u are gonna need it !

The experts say it's 9.2% based on the exact same modern era standards used in every other case.

Where is your evidence that it's 15 pct. and are you willing to go back and adjust the data accordingly in other eras?

 

[Rey C.]

Using the (classic) economic definition, we have been in recovery for some time. Yeah, I realize unemployment and housing still have not recovered. But it will take years to clear the stock of unsold and foreclosed homes. And unless we are to undertake what some would call "socialist solutions", only as the demand picks up will the supply decrease... and then housing prices will begin to stabilize. As for unemployment, banks are still hoarding money and companies are doing the same. Consumer confidence is down/falling, and so there is little reason to hire people, when it makes more sense to just work overtime and deal with any upward blips in demand that way.

But the recovery is showing signs of weakness now. Which is why it infuriates me that we're wasting time trying to decide whether or not we want to permanently harm this country's credit rating, drive up interest rates and go back into recession... all because some of us can't understand that if you charge something on the nation's credit card, you have to pay the bill on time.

IMO, the economy (GDP) will pick up a fair amount in Q3... UNLESS the rascals in Congress manage to fuck it up for everybody. I would do the $3.0 trillion +/- in cuts, drop the Bush tax cuts for the wealthy, close the most egregious loopholes, up the debt ceiling and get back to business. But these people seem too stupid to run an ice cream stand in front of a rich private school on a hot summer day. Somehow, they'd manage to fuck up even that simple
assignment

 

[Hot Mega]

Using the (classic) economic definition, we have been in recovery for some time. Yeah, I realize unemployment and housing still have not recovered. But it will take years to clear the stock of unsold and foreclosed homes. And unless we are to undertake what some would call "socialist solutions", only as the demand picks up will the supply decrease... and then housing prices will begin to stabilize. As for unemployment, banks are still hoarding money and companies are doing the same. Consumer confidence is down/falling, and so there is little reason to hire people, when it makes more sense to just work overtime and deal with any upward blips in demand that way.

But the recovery is showing signs of weakness now. Which is why it infuriates me that we're wasting time trying to decide whether or not we want to permanently harm this country's credit rating, drive up interest rates and go back into recession... all because some of us can't understand that if you charge something on the nation's credit card, you have to pay the bill on time.

IMO, the economy (GDP) will pick up a fair amount in Q3... UNLESS the rascals in Congress manage to fuck it up for everybody. I would do the $3.0 trillion +/- in cuts, drop the Bush tax cuts for the wealthy, close the most egregious loopholes, up the debt ceiling and get back to business. But these people seem too stupid to run an ice cream stand in front of a rich private school on a hot summer day. Somehow, they'd manage to fuck up even that simple
assignment

Well, some of these same lame brains were convinced the Iraq war would pay for itself, then the boom from the tax cuts would...absent those events happening the shit still needed to be paid for...now they're theoretically saying pay for the shit on the backs of cuts...

Isn't that essentially what it has come down to?:nanner:

 

[Trident1]

IMO, the economy (GDP) will pick up a fair amount in Q3...

What do you consider a fair amount?

 

[Straight Shooter]

http://online.wsj.com/article/SB10001424052702304911104576443953024891120.html




Great article. The Democratic policies are to blame.

Really? Where the hell were you during 2000-2008? Anyone who says Obama is to blame for this is a moron. He wasn't even in office when the financial meltdown happened. What you can say is that he took over a bad economy and hasn't been able to fix it.

 

[Hot Mega]

Really? Where the hell were you during 2000-2008? Anyone who says Obama is to blame for this is a moron. He wasn't even in office when the financial meltdown happened. What you can say is that he took over a bad economy and hasn't been able to fix it.

Unemployment is actually down overall nearly a full point from a high of 10.1...but you'd never know this relying on the librully biased media.

 

[D-rock]

Fucking Nobama can only lay blame. He doesn't offer any tangible solutions.

I have yet to hear of any politician that has come up with any reasonable effective solution no matter what party they are from. At best they are a day late and a dollar short in their effectiveness, and at worse they are stupid. I do think the republicans would have just made things worse and will if they do what they want though. Of course saying the democrats economic policies are better than the republicans or libertarians is damning with faint praise.

 

[Trident1]

So basically thanks to the Dems and the insipid notion of the nanny state we the US are screwed.
To have decent growth the Gov'ts "take" should be 18% not the current 25%. Oh well better get used to mediocrity because that's all you'll get with a socialist nanny state.

It'll be like singing the song "Celebration" by Kool and the Gang on 'ludes.

 

[Rey C.]

What do you consider a fair amount?

3.0-3.4%. The Japanese quake and fuel prices shouldn't be a drag on growth by Q3. Moderate, steady growth means we can move forward, but without causing inflation. We'll see.

But if the U.S. defaults on its debts and causes a global shock, I agree with the economists and businessmen who say that by Q1/Q2 of next year, we'll be back to a 2-3% contraction = recession.

 

[Trident1]

3.0-3.4%. we'll be back to a 2-3% contraction = recession.

I seriously doubt it'll be 3%. I wish otherwise though.

 

[Straight Shooter]

Obama’s 2009 economic stimulus, a favorite target of Republicans who blame Democrats for the mounting debt, has added $719 billion-6 percent of the total shift, according to the new analysis of CBO data by the nonprofit Pew Fiscal Analysis Initiative. All told, Obama-era choices account for about $1.7 trillion in new debt, according to a separate Washington Post analysis of CBO data over the past decade. Bush-era policies, meanwhile, account for more than $7 trillion and are a major contributor to the trillion-dollar annual budget deficits that are dominating the political debate.