Double dip Conservatives have been praying for?

Jarod

Jarod

Well-known member
Contributor
When is this double dip in the economy that the Conservatives have been praying for going to happen?
 
I don't think it will. I think there are bound to be some lulls in the recovery as we move forward, but I don't see another major drop.

But that's just me; I know there are those who disagree. Frankly, I didn't expect us to be even close to where we currently are when the year started...
 
Onceler said:
I don't think it will. I think there are bound to be some lulls in the recovery as we move forward, but I don't see another major drop.

But that's just me; I know there are those who disagree. Frankly, I didn't expect us to be even close to where we currently are when the year started...
Click to expand...

I agree with that, I belive we are MUCH better off than most experts expected.

I just remember how much glee you could see in the words of many posters about a month ago when the wrote of the comming double dip they were praying for.
 
well most of em worship at the fat bastard alter and that's what he wants.

We won't get the GDP that Obama estimated but we're going to have a nice recoverey.
 
Topspin said:
well most of em worship at the fat bastard alter and that's what he wants.

We won't get the GDP that Obama estimated but we're going to have a nice recoverey.
Click to expand...

A recovery faster than I expected. And I may well me wrong, but looks like no double dip to me. No matter how hard the Conservatives pray!
 
most of the stimulus hits in 2010. I've said from the beginning that the dems were slow rolling it so the economy would look a lot better in 2012.
 
Jarod said:
A recovery faster than I expected. And I may well me wrong, but looks like no double dip to me. No matter how hard the Conservatives pray!
Click to expand...

Don't talk so fuckin' stupid,
That Conservatives pray for a "double dip" in our economy is about as factual as Democrats praying for troop deaths in the Iraqi war.....

The truth is, Democrats were talking down our economy when Bush was the President and the market was 14000 and we had 4.2% unemployment.....
 
Last edited:
Jarod said:
A recovery faster than I expected. And I may well me wrong, but looks like no double dip to me. No matter how hard the Conservatives pray!
Click to expand...

I wish I could share your optimism but I don't think it is at all warranted. The jobs picture looks like shit for the foreseeable future. The foreclosure crisis will get worse, not better. The GDP growth in the third quarter was attributable to short-term government spending that will dry up shortly.

Unless there is a second stimulus (and I sure as shit hope they don't call it that) there likely will be a double-dip recession. We are a far cry from being out of the woods.
 
NigelTufnel said:
I wish I could share your optimism but I don't think it is at all warranted. The jobs picture looks like shit for the foreseeable future. The foreclosure crisis will get worse, not better. The GDP growth in the third quarter was attributable to short-term government spending that will dry up shortly.

Unless there is a second stimulus (and I sure as shit hope they don't call it that) there likely will be a double-dip recession. We are a far cry from being out of the woods.
Click to expand...

There doesn't need to be a 2nd stimulus; there is still plenty from the current one to be spent.

Half of U.S. businesses are planning hiring in the next 2 quarters. They needed to see other indicators remain steady before having the confidence to do so.
 
NigelTufnel said:
I wish I could share your optimism but I don't think it is at all warranted. The jobs picture looks like shit for the foreseeable future. The foreclosure crisis will get worse, not better. The GDP growth in the third quarter was attributable to short-term government spending that will dry up shortly.

Unless there is a second stimulus (and I sure as shit hope they don't call it that) there likely will be a double-dip recession. We are a far cry from being out of the woods.
Click to expand...

Somebody Kill Nigel tody!!!

jk, hope your wrong though

I calling for a stronger than average recovery, but less than Obama estimated.
 
bravo said:
Don't talk so fuckin' stupid,
That Conservatives pray for a "double dip" in our economy is about as factual as Democrats praying for troop deaths in the Iraqi war.....

The truth is, Democrats were talking down our economy when Bush was the President and the market was 14000 and we had 4.2% unemployment.....
Click to expand...

Cuz they knew what was coming!
 
As far as I can tell the prediction of double-dip is based on past performance, and we know how that goes. What's inevitable though is that the value of the dollar will continue to shrink, and we may even have hyper-inflation. I'm not sure how the Democrats will blame Bush for that but I can see their minds working on it...
 
What happens to the economy when we have to pay back the debt we used to "Stimulate" the economy? All you free lunchers let me know how that works. Also, better than you guys expected? Your leaders said 8% for unemployment.

I also don't think there will be a huge "Double Dip" but get ready to be use to 8-10% unemployment and a lost decade like what happened in Japan when Keynesian policy didn't work there.
 
Obfuscate said:
What happens to the economy when we have to pay back the debt we used to "Stimulate" the economy? All you free lunchers let me know how that works. Also, better than you guys expected? Your leaders said 8% for unemployment.

I also don't think there will be a huge "Double Dip" but get ready to be use to 8-10% unemployment and a lost decade like what happened in Japan when Keynesian policy didn't work there.
Click to expand...

I always thought the admin's predictions were WAY too rosy. They were stupid to do that.

As for "who is going to pay," the economy lost 3x the value of the stimulus between the time the downturn started last fall to its passage. When the economy shrinks and businesses continue to cut jobs, the gov't loses revenue. When the economy recovers and businesses hire, gov't revenue increases.

It's pretty simple math. If the stimulus works, and there will probably be broad disagreement on whether or not it gets credit when there is a full recovery, it basically pays for itself.
 
Jarod said:
Cuz they knew what was coming!
Click to expand...

Yeah, maybe they did...they were in charge....
Congress makes the laws
Congress controls the money
and Barney Frank was telling us that Fanny and Fredie were doin just great...
even after Bush tried to warn them....

 
When people pay, and trust me many are currently paying, it will not be for the stimulus they are paying but for the failed policies of the last Republican administration.
 
Pay for itself, LOL, the Keynesian "Multiplier" please explain when this has ever proven to work in a recession. When the recovery comes, which will be from private spending and investment, what will happen to the recovery when we pay back the debt? I mean they have to tax people to get the money back and that will shrink the economy as much as was grown from any spending, or the other option of printing money to pay the debt will lead to a collapse of the currency. There's no free lunch.
 
Onceler said:
I always thought the admin's predictions were WAY too rosy. They were stupid to do that.

As for "who is going to pay," the economy lost 3x the value of the stimulus between the time the downturn started last fall to its passage. When the economy shrinks and businesses continue to cut jobs, the gov't loses revenue. When the economy recovers and businesses hire, gov't revenue increases.

It's pretty simple math. If the stimulus works, and there will probably be broad disagreement on whether or not it gets credit when there is a full recovery, it basically pays for itself.
Click to expand...


The policy wonks in the administration knew that the stimulus bill was not enough but the political folks made the decision that what was enough was not attainable. Why the political folks then went ahead and made all sorts of rosy predictions about how great things would be once the stimulus bill passed when they knew it was not enough to do the job is a complete mystery to me.
 
You must log in or register to reply here.
Back
Top