evidence that the worst recession since the 1930s is over

[k-fridge]

Sure 8 months with out an American prez threatening to go to war with has nothing to do with it.

And a watchful eye on big buss. to keep them in check has nothing to do with it.

And a prez that has the people best interest as job one has nothing to do with it.


Yes its cycles ain't it k?

Nothing to do with it. Take a class in economics Mike.

[coolperfect]

Got to go Ob is on TV

[k-fridge]

Nothing to do with the European, Japanese, Chinese, Brazilian.... ...system of capitalism.

Actually, it does. Which is more reason still not to blame a recession entirely on one guy who lives in the White House.

But even though the economies of various countries are connected, they are not completely dependent on one another. The US can do better or worse than, say European countries, if conditions here influence us either way. The US economy is probably the most resilient of all, and it will always bounce back on it's own if allowed to. And in this time of global economies, the US usually leads the way in recoveries.

[mrs reb77]

Taking 61% ownership of GM is a 'watchful eye'




Did everyone/anyone hear the most recent report on the auto bailouts? Seems taxpayers are gonna lose a bundle in the overall scheme of things. Yeah, after bankruptcy neither of them will be able to pay back a good chunk of it unless their stocks increase exponentially.

[mrs reb77]

Got to go Ob is on TV

Remember, face east on your rug.

[printer2]

Lot of clapping and standing going on. It sure breaks up the flow of his speech.

[sline-dawg]

I pulled the plug to the satellite router....

[the mojo]

http://www.upi.com/Business_News/200...4981252076282/


Maybe the Obama can comment on this in about 3 months.

[the mojo]

Taking 61% ownership of GM is a 'watchful eye'




Did everyone/anyone hear the most recent report on the auto bailouts? Seems taxpayers are gonna lose a bundle in the overall scheme of things. Yeah, after bankruptcy neither of them will be able to pay back a good chunk of it unless their stocks increase exponentially.

Yes I heard, if you want a true indication of the future of those stocks just look to the percentage rates of foreign to domestic sales,during the cash for clunkers windfall profits sale. Even new Goverment Motors stock will do poorly.

When a company that can't show a profit, it must be allowed to fade away and not be propped up with taxpayer funds.


Its nothing short of welfare.

[engineerdave]

Turn them inside out and use longer before washing that will help

My wife's been doing that for years. Doesn't work out all that well....

[The Doctor]

I hope you like spending cuts, because Uncle Barack just said that the health socialism will require spending cuts.
And if the projections include numbers referenced in this article, then their income will be even less than they think.

I like the article. Check out the last paragraph where it talks about a "decrease in income reflecting a fading boost from government stimulus-related tax cuts" as if they are giving you something that is not already yours.
Hello! It's your money.

Abolish the IRS AND the Fed. Let that be the public option.

[hearthman]

If you recall, the trigger for this eventual recession was a little event on 9/11/01. Since then the world markets have been a mess. Remember how the airlines almost folded when everyone was afraid to fly for the first 6 months after? Here's another example:
the office furniture market went into the toilet. Nobody was renting offices in high rise buildings and those who moved into suburban or home offices scavanged used furniture. The office furniture industry got nailed. Then it was hit with the triple steel tariffs in 2005, which were done for the unions. Several mfr.s have since gone out of business and there is no sign of any significant improvement for the next few yrs.

The subprime market was the straw that broke the camel's back but the economy never stopped its downward slide since 9/11.

There is no better way to stimulate the US economy than through new construction yet the big stimulus totally missed new homes.

We have emergency infrastructure repairs and improvements needed but the Stimulus barely scratches the surface. They spent more money on BS like the lawn on the Mall in DC and slightly better mpg crappy cars for the gov't than they did on bridges, communications, potable water, sanitation, etc. If you're going to waste trillions of dollars, at least make it practical. The next time a bridge collapses, I hope the families of the dead remember those important studies of gays in foreign lands as being more important.

The single biggest threat to the US government is the US government. Pogo was right.