Newt is considering running

I hope the optimists are correct, just see nothing to indicated we are in recovery. Not much going on except 'unexpected' bad news on GDP, unemployment numbers, people taking themselves out of seeking employment, retail sales, real estate, etc.
well we've seen 3 consecutive quarters of economic growth. That's generally indicitive that the recession is over. That's a good sign. A general low rate of inflation is another good sign. Unemployment in the 9% ranges is very troublesome (particularly if you're one of those unemployed) and the lack of growth in the housing market is indicitive that the banking/finance industry still has not fully recovered (no great surprise there) so we do still have a long way to go.
 
well we've seen 3 consecutive quarters of economic growth. That's generally indicitive that the recession is over. That's a good sign. A general low rate of inflation is another good sign. Unemployment in the 9% ranges is very troublesome (particularly if you're one of those unemployed) and the lack of growth in the housing market is indicitive that the banking/finance industry still has not fully recovered (no great surprise there) so we do still have a long way to go.
It's even more troublesome when you know that many are not reported in that because they gave up on the search.
 
Indeed.

http://online.wsj.com/article/BT-CO-20100716-706765.html

JULY 16, 2010, 10:06 A.M. ET
US Stocks Tumble As Sentiment, Earnings Disappoint; DJIA Off 151
By Jonathan Cheng and Donna Kardos Yesalavich

Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--U.S. stocks fell broadly Friday as investors registered their disappointment with a gloomy consumer sentiment report, and as a round of earnings reports showed revenues falling below expectations.:(

Data on consumer sentiment from the University of Michigan came in well below expectations with a reading of 66.5, down from a prior reading of 76.0. Economists had been expecting 75.0.:(

So far this week, most bellwether companies had been reporting strong earnings :good4u: that indicated the U.S. corporate sector was still faring well despite an apparent slowdown in ...
 
I hope the optimists are correct, just see nothing to indicated we are in recovery. Not much going on except 'unexpected' bad news on GDP, unemployment numbers, people taking themselves out of seeking employment, retail sales, real estate, etc.

And with the dawn of each new day, the hits just keep on coming.
 
A) Bush presided over the greatest economic collapse in decades. Let's not pretend he's getting an unfair shake in history regarding the economy.

B) I love your spin on the graph. The REAL question is...has confidence improved since Obama took office?

And yes, Virginia - it has. Once again; thanks for posting that.

A).....which I expect you believe had nothing to do with anyone with a (D) behind his name?.....

B).....ah, but the real, real question is, "are we still fucked".....and "are we fucked even worse because of the trillion spent on the "stimulus" bill and the trillions spent on the new health care fiasco"......shucks, there seem to be trillions in "real" questions hanging around out there.....
 
well we've seen 3 consecutive quarters of economic growth. That's generally indicitive that the recession is over. That's a good sign. A general low rate of inflation is another good sign. Unemployment in the 9% ranges is very troublesome (particularly if you're one of those unemployed) and the lack of growth in the housing market is indicitive that the banking/finance industry still has not fully recovered (no great surprise there) so we do still have a long way to go.

give us your best estimate.....how long before we get back up to the "worst economy ever" that we had under Bush?.........
 
A).....which I expect you believe had nothing to do with anyone with a (D) behind his name?.....

B).....ah, but the real, real question is, "are we still fucked".....and "are we fucked even worse because of the trillion spent on the "stimulus" bill and the trillions spent on the new health care fiasco"......shucks, there seem to be trillions in "real" questions hanging around out there.....

See that?

You always have to keep shifting the goalposts, because you keep losing every argument.

That must be tough.

Oh - and the President is the steward of the economy. I can only imagine what you'd be saying if Obama had presided over the worst economic collapse in decades. I'm sure you'd be very bipartisan in your assessment of blame.
 
See that?

You always have to keep shifting the goalposts, because you keep losing every argument.

That must be tough.

Oh - and the President is the steward of the economy. I can only imagine what you'd be saying if Obama had presided over the worst economic collapse in decades. I'm sure you'd be very bipartisan in your assessment of blame.


lol....so your opinion is that debate should be restricted to a single question?......even if question after question shows just how wrong you are....
 
It's even more troublesome when you know that many are not reported in that because they gave up on the search.
That indeed is the most troublesome aspect of the current unemployment situation. If your currently employed you economic outlook is probably improving but if your unemployed things are bleak and your short term prospects of finding something that paid as well as the job you lost aren't looking good. Particularly if you work in the housing or construction markets.
 
Really not looking so good, today the DOW dropped 260+ points:

http://www.telegraph.co.uk/finance/currency/7893238/Feds-volte-face-sends-the-dollar-tumbling.html

Fed's volte face sends the dollar tumbling
Rarely before have a few coded words in the minutes of the US Federal Reserve caused such an upheaval in the global currency system, or such a sudden flight from the dollar.

By Ambrose Evans-Pritchard, International Business Editor
Published: 8:52PM BST 15 Jul 2010

The US workforce has shrunk by a 1m over the past two months as discouraged jobless give up the hunt Photo: AP

The euro rocketed to a two-month high of $1.29 and sterling jumped two cents to almost $1.54 after the Fed confessed that the US economy may not recover for five or six years. Far from winding down emergency stimulus, the bank may need a fresh blast of bond purchases or quantitative easing.
Usually the dollar serves as a safe haven whenever the world takes fright, and there was plenty of sobering news from China and other quarters on Thursday. Not this time. The US itself has become the problem.

"The worm is turning," said David Bloom, currency chief at HSBC. "We're in a world of rotating sovereign crises. The market seems to become obsessed with one idea at a time, then violently swings towards another. People thought the euro would break-up. Now we're moving into a new phase because we're hearing alarm bells of a US double dip."

Mr Bloom said a deep change is under way in investor psychology as funds and central banks respond to the blizzard of shocking US data and again focus on the fragility of an economy where public debt is surging towards 100pc of GDP, not helped by the malaise enveloping the Obama White House. "The Europeans have aired their dirty debt in public and taken some measures to address it, whilst the US has not," he said.

The Fed minutes warned of "significant downside risks" and a possible slide into deflation, an admission that zero interest rates, $1.75 trillion of QE, and a fiscal deficit above 10pc of GDP have so far failed to lift the economy out of a structural slump...
 
give us your best estimate.....how long before we get back up to the "worst economy ever" that we had under Bush?.........
I can't answer your question for two reasons. #1. It's disengenous and #2. It's based on a false premise.

An honest answer is, the economy is now doing substantially better then it was at the end of the Bush administration. Let me be clear though. That's not setting the bar very high.
 
You have said we are "better off"...

We won't be better off until those people start getting jobs again. That's the flat truth. I'm glad we aren't digging further at the moment, but I certainly don't see it getting "better" for those people who still don't have jobs. We need to stimulate the WHOLE economy, not targeted wishes and hopes. Obamanomics is Reaganomics just more "targeted" and using "grants" instead of tax cuts. We need to stimulate growth, because we can't flatline our way out of this nor are we going to be able to make it out solely on the "new Green Economy"...

What people seem to be forgetting; is that most of the State, County, and City Governments have made all the cuts they're going to do, for this year.
Unfortunetly; when the next yearly budget funding comes in, most of those State, County, and City Governments are lookikng at making even more cuts and this of course will mean more layoffs, less spending, and more then likely a raising of taxes.
 
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