GDP Turn Around at highest rate since 1981

Discussion in 'Economy' started by jillian, Jan 31, 2010.

  1. jillian
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    jillian Princess Supporting Member

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    Wow...where's chicken little now?

    Romer: Most Positive News to Date on theEconomy - Real Clear Politics – TIME.com
     
  2. Paulie
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    Paulie Platinum Member

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    jill you're ok that most of that has been government spending?

    It's not exactly indicative of real recovery if the private sector isn't contributing much to the GDP.

    This isn't partisan, this is just reality. Let me see a GDP increase that involves more private sector contribution, and I don't care what party is in power when it happens.
     
  3. jillian
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    jillian Princess Supporting Member

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    well, according to the article:

    so it isn't clear that "most" of it comes from government spending. At least that's how I'm reading it. And anyone whose opinion I trust on economic issues (read: not randians and austrians) says that that's what government NEEDS to do in times of recession. If you ask me, they didn't go far enough or big enough.
     
  4. Modbert
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    Modbert Daydream Believer Supporting Member

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    This is great news, especially since the private sector is spending some too.

    I doubt it will be accepted by those who feel the sky is falling already, but it just makes them look more silly.

    If you were to listen some people here, you'd figure the DOW is at it's lowest ever. When in reality, it's been steadily rising since Obama took office.
     
  5. jillian
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    jillian Princess Supporting Member

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    yeah, but those people have an agenda, either political or financial in seeing things fall apart.

    I figure there's a long way to go, but certainly better than a year ago. And anyone who's really honest would say the same.
     
  6. Modbert
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    Modbert Daydream Believer Supporting Member

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    Of course they do.

    I would say so. My state has one of the worst unemployment rates in the country because of the last year but it is doing better now. It's news like this which will hopefully see more good news soon.

    R.I. house sales up, prices rise for 1st time in three years | Rhode Island news | projo.com | The Providence Journal

     
  7. jillian
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    jillian Princess Supporting Member

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    See, that's the thing... the last piece of the puzzle is consumer confidence. And that is what the doom and gloom folk have been working on... trying to kill any semblance of confidence in the economy.

    If you ask half of the country, you would think things weren't improving. Yet that's so dishonest.

    NY is having pretty bad problems employment-wise, but I think a lot of that is financial sector.
     
  8. Modbert
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    Modbert Daydream Believer Supporting Member

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    And those same people know for a fact that employment is always the last thing to recover from a recession historically. So it's even more dishonesty.
     
  9. jillian
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    jillian Princess Supporting Member

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    exactly.

    see, i know paulie genuinely believes in the more hands-off way of doing things. and i'd like to see what he has to say in response to my answer to his question.

    but most of these others... just want to poison the well.
     
  10. Modbert
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    Modbert Daydream Believer Supporting Member

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    Agreed.

    Which is a shame because we've allowed politics to take it this far as a nation.
     

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