Experts say recovery is on track

[Missourian]

The Fed and the administration are taking extraordinary steps in an attempt ot get us out of this recession. But movement is being seen.

We agree on that...a movement is being seen.

 

[Missourian]

We need intelligently applied stimulus.

We would have been better off had they had simply given every adult citizen $3,000.

 

[hvactec]

What recovery, who is recovering besides wall street .
is anyone on this message board in better shape then they were last month.

 

[uscitizen]

We need intelligently applied stimulus.

We would have been better off had they had simply given every adult citizen $3,000.

Yep. For the economy and the jobs boost would have likely been greater as well.

 

[Vanquish]

You realize that even the conservative-leaning American Enterprise Institute has agreed that the stimulus worked?

 

[mascale]

Famous Conservative, John Wayne was for Senator George McGovern for President. He wanted his $1,000.00. Notice it is an equal dollar amount.

That plan became basis for several rebate plans. California Governor, Jerry Brown, applied an equal-dollar amount raise for state employees. The lower income state employees thought it wasn't enough. For upper income, that went un-stated.

Jesus, of historical fame, told the story of the householder who treated the last like the first were treated, and the first like the last were treated. The first grumbled, and left unsaid is whether or not the first one finally shot the householder in the brain. Jesus regarded the householder as the role model for "good." It is in the Bible, so it must have a truly Holy time.

According to Conservatives, in fact: When Reagan was acting as President, it was a Holy Time! Apparently, the fellow is still in jail(?)! The Liberal Congress made its first attempt to create a national Cost of Living Adjustment, raising and indexing the equal amount standard deduction, and personal exemptions, in the 1986, U. S. federal income tax reform. The actual effect was to combine with the Clinton Administration, equal amount tax credits, and throw upwards of 45% of income tax filers off of the income tax liability rolls, completely.

The Bush Administration had no clue about any difference between "good" and "evil," "right" and "wrong," "WMD's" and "NIE's:" And so it cut taxes twice, even though a near majority of income tax filers owed nothing already.

That made sense to the Bush Administration, also. To Conservatives, it was another one of their "Holy Times," as usual! The Vice President would finally go on permanent record: As making sure that the people all knew that truly--it was a time worth shooting for(?)!

The Conservative Bush GOP factions met over the weekend, and learned at least a two-letter word: Which they had previously refused to concede that they had been learning all year long. The two-letter word is "Nyet," also called, "Nine." The GOP Conservatives like to think they are more efficient than other Conservatives.

Fortunately, for the Conservatives, there are Moslem fanatics in the world. Nineteen of them were blown to bits on 9/11--with some efficiency--and so the wars were on, worldwide--in two nations.

Obama won the GOP-Crossover vote, and became President.

Now there is an equal amount, "Make Work Pay," refundable tax credit: Which doesn't care if anyone owes anything or not. Probably the highest levels of the Bush Administration would have been able to sign on. Every eligible income tax filer gets $400, or $800, unless they are old and already got an equal dollar amount, $250.00, Cost-Of-Living-Adjustment check already, last year.

The actual COLA in Social Security was (1) not available last year, (2), is not an equal dollar amount, but is a fixed percentage kind of raise.

"Belief You Can Change" is actually already under way, nation-wide. The post for a $3000.00 check is actually starting to happen. Instead of the rich getting richer, and the poor getting poorer--the poor unable to repay the mortgages, the rich houses all tumbling down--there is apparently real question regarding whether or not Obama is alive, in fact, in a Holy Time(?)!

This is too good!

In history, this kind of National Cost-Of-Living Adjustment has never been done before. In the changed arithmetic, The rich get richer, and the poor dragged along: Without even being hog-tied to the bumper! Horse-whipped, even colored people don't get!

And so this has happened already in America!

No doubt the questions will soon arise!

"Crow, James Crow: Shaken, Not Stirred!"
(Probably, more tears were shed when Her Majesty consented to be taxed!)

 

[JimH52]

"Belief You Can Change" is actually already under way, nation-wide. The post for a $3000.00 check is actually starting to happen. Instead of the rich getting richer, and the poor getting poorer--the poor unable to repay the mortgages, the rich houses all tumbling down--there is apparently real question regarding whether or not Obama is alive, in fact, in a Holy Time(?)!

Interesting!

 

[Jay Canuck]

"The best communicator in politics turned out to not communicate very well. They let the Republicans take the spin right from the beginning. The stimulus got beat up before one dollar was spent. I would've had Obama make a speech to the nation, break down what the stimulus was because a lot of the stimulus, it wasn't job creation, it was a safety net - not for people on welfare, a safety net for hardworking Americans who lost their jobs, extending unemployment benefit. Republicans aren't going to vote against that, right? But we never explained it from the get go and we lost the spin war. The stimulus has done a great job for America, but we lost the spin war. And once you lose it, it's hard to get it back."

-- Gov Ed Rendell, who is exactly right, Link

 

[mascale]

"Belief You Can Change Into," is probably too Conservative, now. Senator Scott Brown understands about Belief You Can Change Into, from when he was a looker, or whatever. It was in the national magazine. Vladimir Putin seems to have noticed. Probably Sarah Palin has noticed!

The GOP seems to want a return to really basic values, anymore: Like when they were little.

"Crow, James Crow: Shaken, Not Stirred!"
(Young Senator run like wind, Hop on Wild, Untamed, Pony. . . .Hmmmmm! )

 

[Jay Canuck]

it might prove positive for the Dems to pull this out but then again why would they when the GOP can just walk all over them.

 

[Jay Canuck]

"The problem is the White House messaging operation. It kind of sucks... It's pretty much accepted around town that the White House has been losing the messaging war with the GOP on a lot of issues."
-- John Aravosis, Link

 

[JimH52]

True, some of the big detractors of the stimulous in the GOP are the same ones reaching for aide with their other hand.

 

[Douger]

But it is a slow train. Not supposed to reach it's destination for around another 5 years.

Slow or fast, no matter.
The bridge is out and won't be replaced.
You have about 18 months.

 

[Jay Canuck]

yeah Barry better hurry up!

 

[uscitizen]

But it is a slow train. Not supposed to reach it's destination for around another 5 years.

Slow or fast, no matter.
The bridge is out and won't be replaced.
You have about 18 months.

How did you know?
That is my DR's outside estimate.

 

[Vanquish]

Jay, what's the source of that bar graph? I'd love to cite to it for some discussions in the future.

 

[Jay Canuck]

source: Bureau of Labor Statistics

 

[Gadawg73]

The glut of houses created the problem we have. We over built in the Bush years.
Supply and demand got lost in the derivatives market and bribing of Moodys for those AAA ratings on bundled mortgages.
Now we have another boob that believes we can borrow our way to prosperity and recovery.

 

[Toro]

Economists say U.S. recovery is firmly on track - Feb. 22, 2010

The recovery is different from most other recoveries because this has been a different type of recession compared to all the recessions since WWII, with the exception of the 2001-02 recession.

This is a balance sheet recession which has been caused by an excessive build-up of debt, as opposed to a demand recession, which is usually caused by rising interest rates to stave off rising inflation expectations. In balance sheet recessions, it takes a far greater amount of time to wipe out debt and capacity and recalibrate demand at a lower level. Thus, economic growth is likely to be low and unemployment high for some time. Most economists don't understand this type of recession, or at least didn't, as debt is considered to be netted out to zero in equilibrium models. This, in the real world, is wrong. In this sense, the recovery isn't really on track compared to past recessions.

 

[william the wie]

Economists say U.S. recovery is firmly on track - Feb. 22, 2010

The recovery is different from most other recoveries because this has been a different type of recession compared to all the recessions since WWII, with the exception of the 2001-02 recession.

This is a balance sheet recession which has been caused by an excessive build-up of debt, as opposed to a demand recession, which is usually caused by rising interest rates to stave off rising inflation expectations. In balance sheet recessions, it takes a far greater amount of time to wipe out debt and capacity and recalibrate demand at a lower level. Thus, economic growth is likely to be low and unemployment high for some time. Most economists don't understand this type of recession, or at least didn't, as debt is considered to be netted out to zero in equilibrium models. This, in the real world, is wrong. In this sense, the recovery isn't really on track compared to past recessions.

quite right. The standard economic income model in even its simplest form is amazingly complex. Balance sheet analysis is much more complex but more important. There are both for profit (exp. New Constructs) and non-profit (exp. AAII) that pretty much stick to analyzing balance sheet footnotes of publicly traded corporations. NO one wants to try that for the economy as a whole which does lead to stupid decisions no matter who is in office.