Recovery Summer Continues!!!!

[Mr. Shaman]

"Using econometric models, Alan Blinder and Mark Zandi argue that the bailouts, the stimulus and other extraordinary actions saved America from nothing less than another Great Depression. Blinder was vice chairman of the Federal Reserve. Zandi is chief economist at Moody's Analytics and advised Republican presidential candidate John McCain.

Had Washington not taken any aggressive steps starting in 2008, the results would have been horrific, their study says. Real gross domestic product would have fallen a "stunning" 12 percent, rather than the actual decline of 4 percent. Nearly 17 million jobs would have vanished, twice as many as the real count. And the unemployment rate would have peaked at 16.5 percent.

Such contenders often cite Barack Obama's projection (they use the word "promise") that unemployment would level off at 8.5 percent once Congress passed his stimulus plan. With joblessness now at 9.5 percent, Obama clearly underestimated the challenge, but that's still a whole lot better than 16.5 percent.

Add outright deflation to the expected massive unemployment and falling GDP, Blinder and Zandi conclude, and "this dark scenario constitutes a 1930s-like depression."

Happily, government stepped in, and America bucked a catastrophe. How fortunate for us all that the Tea Party wasn't running Washington."

 

[skookerasbil]

 

[skookerasbil]

 

[skookerasbil]

Hell.....at THIS rate.....you TEABAGGERS are gonna run-OUT of RIP-OFFS to DEFEND!!!!!!!!!!

 

[Mr. Shaman]

"Optimism on jobs put investors on a positive footing heading into the long weekend, setting the market up to snap a three-week losing streak.

The Dow Jones Industrial Average gained 106 points, or 1%, to 10426 in afternoon trading, sending the Dow up 2.7% on the week--its first positive showing since the beginning of August and the measure's best pre-Labor Day run since 1990http://www.marketwatch.com/story/us...-best-pre-labor-day-run-since-1990-2010-09-03.

"In the last two weeks or so, things have been starting to firm up, and today's jobs numbers really put an exclamation mark on that," said Phil Orlando, equity strategist at Federated Investors. "We're feeling a lot more comfortable about our view, than those thinking about a double dip."

Mr. Orlando predicted that stocks would pick up after Labor Day, as vacationing money managers return to an economy whose outlook has improved markedly.

"If you had a bearish bent in the middle of August when you went on vacation, the story seems different today -- it seems constructive," he said."

​

 

[Rozman]

Recovery Summer came and went....Hopefully we will be able to say the same about this administration....We will start with Nancy Pelosi being told to sit down and shut up....the tan man has something important to say..

 

[kyzr]

I want Obama to take on Wall Street by prohibiting the "short-sale" of stock. That would make the stock market rise and create wealth, which would spur the economy ahead. As it stands now, the short-sellers simply steal everyone's investment w/o creating jobs or wealth.

Lets see if the dems have the chones to ignite the economy. I also like that they are implementing tax breaks but only for "jobs created". Kudos.

 

[KissMy]

Hell.....at THIS rate.....you TEABAGGERS are gonna run-OUT of RIP-OFFS to DEFEND!!!!!!!!!!

Goldman Sachs is the Obamacats baby.

 

[The Rabbi]

I want Obama to take on Wall Street by prohibiting the "short-sale" of stock. That would make the stock market rise and create wealth, which would spur the economy ahead. As it stands now, the short-sellers simply steal everyone's investment w/o creating jobs or wealth.

Lets see if the dems have the chones to ignite the economy. I also like that they are implementing tax breaks but only for "jobs created". Kudos.

This is actually a liberal canard, that short sellers are unAmerican and thieves. It is not true. They are performing an admirable function in voting in the market against over-valued assets.

 

[Mr. Shaman]

Recovery Summer came and went....

Gee....how could anyone possibly dispute all the facts & figures you've presented?

 

[Mr. Shaman]

I want Obama to take on Wall Street by prohibiting the "short-sale" of stock. That would make the stock market rise and create wealth, which would spur the economy ahead. As it stands now, the short-sellers simply steal everyone's investment w/o creating jobs or wealth.

You're talkin'-about killing day-trading. There's not much chance of that......unfortunately.
​

 

[Mr. Shaman]

I want Obama to take on Wall Street by prohibiting the "short-sale" of stock. That would make the stock market rise and create wealth, which would spur the economy ahead. As it stands now, the short-sellers simply steal everyone's investment w/o creating jobs or wealth.

Lets see if the dems have the chones to ignite the economy. I also like that they are implementing tax breaks but only for "jobs created". Kudos.

This is actually a liberal canard, that short sellers are unAmerican and thieves.

Agreed. I wouldn't call them unAmerican.​

 

[Mr. Shaman]

Recovery Summer came and went....Hopefully we will be able to say the same about this administration....We will start with Nancy Pelosi being told to sit down and shut up....the tan man has something important to say..

Take-it-AWAY, John Boner d' Orange!!!

[ame=http://www.youtube.com/watch?v=RpOUctySD68]YouTube - No You Can't (Featuring John Boehner)[/ame]

*

As USUAL......the Republicans have it WRONG.....again..... ​

"But while the word "stimulus" may well be toxic from a political perspective, the notion that the stimulus "failed" is debatable at best. Most independent economists say that the Recovery Act - a $814 billion package of tax cuts, domestic spending and money for safety-net programs - has been responsible for more than 2.5 million jobs and has boosted gross domestic product by $400 billion. Without it, according to chief economist for Moody's Analytics Mark Zandi and former vice chairman of the Federal Reserve Alan Blinder, the unemployment rate would now be at 11 percent."

New claims for unemployment benefits fell more than expected last week to a two-month low, while the trade deficit narrowed sharply in July, hopeful signs for the stuttering economic recovery.​

"Analysts said the reports on Thursday helped to calm fears growth was slowing sharply and implied the economy could soon pull out of a recent soft patch.

"We were expecting that things would slow down in the third quarter and start to pick up in the fourth quarter, but now it seems like the slowdown in the third quarter wasn't as severe as we feared," said David Sloan, an economist at 4CAST in New York."

 

[skookerasbil]

Recovery Summer came and went....Hopefully we will be able to say the same about this administration....We will start with Nancy Pelosi being told to sit down and shut up....the tan man has something important to say..

Take-it-AWAY, John Boner d' Orange!!!

[ame=http://www.youtube.com/watch?v=RpOUctySD68]YouTube - No You Can't (Featuring John Boehner)[/ame]

*

As USUAL......the Republicans have it WRONG.....again..... ​

"But while the word "stimulus" may well be toxic from a political perspective, the notion that the stimulus "failed" is debatable at best. Most independent economists say that the Recovery Act - a $814 billion package of tax cuts, domestic spending and money for safety-net programs - has been responsible for more than 2.5 million jobs and has boosted gross domestic product by $400 billion. Without it, according to chief economist for Moody's Analytics Mark Zandi and former vice chairman of the Federal Reserve Alan Blinder, the unemployment rate would now be at 11 percent."

New claims for unemployment benefits fell more than expected last week to a two-month low, while the trade deficit narrowed sharply in July, hopeful signs for the stuttering economic recovery.​

"Analysts said the reports on Thursday helped to calm fears growth was slowing sharply and implied the economy could soon pull out of a recent soft patch.

"We were expecting that things would slow down in the third quarter and start to pick up in the fourth quarter, but now it seems like the slowdown in the third quarter wasn't as severe as we feared," said David Sloan, an economist at 4CAST in New York."

indeed............only problem is, after that speech, Obama's poll numbers tumbled to a new historic low........................


41% s0n!!!!

 

[Mr. Shaman]

"Yesterday's glory won't help us today
You wanna retire?
Get out of the way...."​

It's lookin' like an ALL-AMERICAN RECOVERY!!!!!!

("conservative"-weenies need not apply.)​

"Companies that have built up a lot of cash are starting to take some chances such as expanding into new markets, which requires hiring new workers, says John Challenger, chief executive officer of Challenger, Gray & Christmas, an employment consulting firm. U.S. companies have announced the hiring of 118,209 new employees through August, according to data collected by the firm.

So who's stepping up to the plate? Some companies refuse to be cowed and are taking big, if calculated, chances, including ambitious capital projects, hiring new workers, and expanded investment in research and development, according to growth-oriented mutual fund managers contacted by Businessweek.com. If there's a common denominator, it's a perceived opportunity and confidence in sustainable demand, whether due to new trends in technology or to new markets that need certain products."

Hope you ENJOY THE DUST, CONSERVATIVES!!!!!!!!!!!!!!!

 

[KissMy]

wow Obama spent how much money a few years ago and we got 42,000 new jobs to show for it?

Obamacrats have added $2.74 Trillion to the debt to date & have managed to cause even more unemployment. They increased the National Debt by 26% while they decrease civilian employment by 4.5%

Democrats believe they are on the right track.

 

[Annie]

LOL!


Faces of Debt - The Daily Show with Jon Stewart - 9/14/2010 - Video Clip | Comedy Central

 

[KissMy]

Wall Street falters as FedEx drops

FedEx shares fell after it forecast profit below estimates. FedEx Corp is seen as a bellwether for the economy because of the wide range of industries it serves, forecast profit for the current quarter below expectations and warned the economic recovery may slow.

 

[Mr. Shaman]

September 24, 2010​

"Stock investors will head into next week wondering if September will end as strongly as it began for the market, with manufacturing and personal income data among the top indicators on tap.

The data will be watched for further clues on whether the economic recovery is still on track and to see if the market's recent rally has support.

Friday's advance left the three major U.S. stock indexes with gains for the fourth week in a row, boosting investors' confidence that the upward move will continue.

If the rally holds, it would make September the best month for the S&P 500 since at least March 2000, and the best September for stocks since 1939, according to Reuters' data.

"Sentiment has turned sharply higher over the past few weeks after very bearish readings last month," said Michael Sheldon, chief market strategist at RDM Financial, in Westport, Connecticut."

​

 

[Mr. Shaman]

I think i speak for all sane Americans when i say...Thank God this Obummer Summer is over! What a Bleepin nightmare!

September 24, 2010​

"New orders for a wide range of long-lasting U.S. manufactured goods rose in August and business spending plans rebounded strongly, the latest sign a sharp summer slowdown in the economy was abating.

Other data on Friday showing new home sales were flat last month underscored the many obstacles to the recovery. Still, the durable goods report diminished concerns of a double-dip recession and implied a modest pick-up in output.

"For people looking for a double dip, the durable goods report told you the third quarter is going to look pretty good for capital spending. The markets reacted to that," said John Canally, an economist at LPL Financial in Boston."