Economy still collapsing at app. 6% a year.

Discussion in 'Economy' started by Neubarth, May 30, 2009.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    It is still crashing and crashing. When is this stimulus package supposed to kick in?
     
  2. wimpy77
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    wimpy77 Member

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    the bulk of is not supposed to kick in until next year, the bulk of the money wasn't allocated for this year like it should have been. most economist expect a 2% decline this year. the gdp forecast was upgrade from 6.1% to 5.7%. it will be revised again.
     
  3. Metternich
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    Metternich Federalist Farmer

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    The budget was not supposed to kick in till this year, but all the big tickets kicked in the second they passed.

    To answer the OP's question: they aren't going to. Creating another credit bubble, this time based on federal - not banking - excess to fix another bubble will only keep the economy in the gutter for that much longer.
     
  4. Care4all
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    Care4all Warrior Princess Supporting Member

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    maine will be the 6th fastest state in getting all of its stimulus money given to them out in to the economy in various projects....all money will be used by the end of august 09.

    is your state sitting on their money?
     
  5. dilloduck
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    dilloduck Diamond Member

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    no-- oil :lol:
     
  6. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    Did TX even participate in this recession?
     
  7. dilloduck
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    dilloduck Diamond Member

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    recession ? :lol:
     
  8. Skull Pilot
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    Skull Pilot Platinum Member

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    any minute now and growth will jump to 4% or a full 30% higher than our best years and everything will be just fine
     
  9. Toro
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    Toro Diamond Member

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    How do we know the economy is still declining at a 6% rate?

    The word "still" implies right now, not in the past. Last quarter, the economy declined 6% but it did not in May.
     
  10. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    I thought so. :thup:
     

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