Discussion in 'Economy' started by Truthmatters, Oct 15, 2010.
Sept. retail sales rise, third monthly increase - Yahoo! News
Clutching at straws.
Americans spent more money on cars, furniture and at hardware stores to boost retail sales to a third monthly increase in September. The string of gains since July followed declines in May and June. Those had raised worries that the country could be in danger of toppling back into recession. Economists caution that while the economy is growing, the expansion is not strong enough to lower face high unemployment and offset weak income growth.
So you dont want the economy to recover?
I'm with Baruch... Democrats grasping at straws.
Hell yes, I want the economy to pick up, but the Democrats talked us into this problem when they began attacking Bush. They started claiming we were in a recession before we were actually in one and they actually talked us into one. They scared the hell out of the American people and actually fear mongered us into a recession. Then they blamed it on Bush. Then in February, 2009 after Obama took office, they started telling us it was not as bad as they thought it was.
It was easy as pie to scare us into a recession. They are finding out it is not as easy to lie their way out.
I'm sure the economy is looking great to the few that are making money off of stocks, gold, short sales and foreclosures. Not so good for the unemployed, those working part time, or under employed. They just watch as more join their ranks and food and energy prices rise:
Instant view: Jobless claims, producer prices, trade | Reuters
It is amazing how everything bad with this administration is 'unexpected':
To Democrats like TM, none of that matters as long as Obama is President. It won't matter until two weeks after the Republicans take control, then suddenly Democrats will care about the unemployed again.
Truthmatters, you really should read your own links before you make a fool of yourself.
"But spending remains too weak to strengthen the economy and lower unemployment. "
you are absolutely clueless if you thought the recession was spooked into place.
That's hilarious since BenBe is saying the fed is ready to install a new round of quantitative easing just to deliver 2% inflation. He is lying about his motives of course. And 2% inflation is far too little even if that was his goal.
Actually it may have been spooked into place. But if so it was Paulson, Bernanke and the rest of the plunge protection team that began doing what is absolutely blasphemy for a fed chair or a major econ agency chair, shrieking like scared cats in a room full of rocking chairs and demanding gazzillions of dollars by next week or the world will explode.
Any ranking economic administrator knows that since the economy is based on confidence, and a quasi ponzi arrangement at it's core, that leadership must first and foremost instill confidence. Not cause panic, which is exactly what they did.
To date we have no proof of any kind that disaster would have struck if bailouts did not materialize. We know some banks would have been crushed, but we have no reason to believe that the economy would have followed.
But none of this was the dems doing. It was the Bush econ team that went code red.
Separate names with a comma.