things are looking up

Truthmatters

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May 10, 2007
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AP Survey: Outlook for 2011 Economy Brightening - CBS News


The AP survey collected the views of 42 private, corporate and academic economists on a range of indicators. Among their forecasts:

- The economy will grow 3.2 percent this year, compared with the 2.7 percent they forecast in October. That would top last year's estimated growth of less than 3 percent.

- Employers will create a net total of 2.2 million jobs. Three months ago, the economists predicted 1.6 million jobs would be added in 2011. Last year, employers added roughly 1.1 million.

- Consumers will spend 3.2 percent more this year than last year. That's stronger than the 2.5 percent growth the economists had forecast in October. And it's nearly double the spending growth that's estimated for 2010.
 
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Things are looking up? Those are people looking at the birds come dropping down...dead. A sign of things to come. {{sigh}} Excellent try, though.
 
Hi Truth:

AP Survey: Outlook for 2011 Economy Brightening - CBS News

The AP survey collected the views of 42 private, corporate and academic economists on a range of indicators. Among their forecasts:

- The economy will grow 3.2 percent this year, compared with the 2.7 percent they forecast in October. That would top last year's estimated growth of less than 3 percent.

The real economy will shrink this year like last year and the year before that, as the real consumer/tax base continues to erode away right before your eyes. The growth numbers are misleading, because they include the largest banks taking zero-percent Fed money for high-frequency trading in the markets (story), which drives up the prices to create an artificial profit that is based upon inflating the worthless currency.

- Employers will create a net total of 2.2 million jobs. Three months ago, the economists predicted 1.6 million jobs would be added in 2011. Last year, employers added roughly 1.1 million.

Bullony! The real unemployment rate is just under 23 percent (story) and climbing fast. Fewer than half of working-age Americans have full time jobs (story) and the long-term unemployed number is now going parabolic (chart). The real economy lost about 8 million jobs in the current recession/depression as of July 2010 (story) and most of those are never coming back. The FED expects between 4 and 5 million home foreclosures in the next two years (story), with some estimates claiming 7.5 million foreclosures in the coming years (story), which flies in the face of your rosy report above.

- Consumers will spend 3.2 percent more this year than last year.

That is easy to predict when the dollar is collapsing in value and more dollars will be required to buy oil, gas, food, health care (hospital) and everything else as prices soar through the roof! The Govt can create rosy 'spending' reports amid rising costs of everything, when in reality people are paying more for the same goods and services.

This is what I know for a fact: The masonry company (once 350 + employees) where a member of my family has worked since 1964 is closed like our two biggest competitors once having hundreds of employees each. Those jobs went away and they are likely not to return anytime soon. Most of those people have exhausted their unemployment benefits to be dropped from the roles and no longer considered unemployed, which makes the Govt numbers appear much better than reality. You cannot raise the taxes on people when illegal aliens have our jobs, or the jobs were shipped overseas by outsourcing or NAFTA offshoring of the manufacturing base.

The USA simply does not have the jobs to support any real recovery, which means the consumer/tax base will continue to shrink and home prices will continue to slide into the toilet.

GL,

Terral
 
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AP Survey: Outlook for 2011 Economy Brightening - CBS News


The AP survey collected the views of 42 private, corporate and academic economists on a range of indicators. Among their forecasts:

- The economy will grow 3.2 percent this year, compared with the 2.7 percent they forecast in October. That would top last year's estimated growth of less than 3 percent.

- Employers will create a net total of 2.2 million jobs. Three months ago, the economists predicted 1.6 million jobs would be added in 2011. Last year, employers added roughly 1.1 million.

- Consumers will spend 3.2 percent more this year than last year. That's stronger than the 2.5 percent growth the economists had forecast in October. And it's nearly double the spending growth that's estimated for 2010.
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AP Survey: Outlook for 2011 Economy Brightening - CBS News


The AP survey collected the views of 42 private, corporate and academic economists on a range of indicators. Among their forecasts:

- The economy will grow 3.2 percent this year, compared with the 2.7 percent they forecast in October. That would top last year's estimated growth of less than 3 percent.

- Employers will create a net total of 2.2 million jobs. Three months ago, the economists predicted 1.6 million jobs would be added in 2011. Last year, employers added roughly 1.1 million.

- Consumers will spend 3.2 percent more this year than last year. That's stronger than the 2.5 percent growth the economists had forecast in October. And it's nearly double the spending growth that's estimated for 2010.

I just don't get it 2003 according to the media things were looking bad, especially when the unemployment numbers went up from 4.3 to 4.5. the economy was growing and the gdp was high and the dollar had some value to it. Now we ahve a reverse with the unemployment numbers at almost 10 percent with millions of working people not those who don't work but the working people do not have a job. and thing are looking up? OMG I guess if we had a Republican was inn the White house the press would have a field day with these kinds of stats.
 
America will come back no matter how much you hope it doesnt
Nobody's hoping it doesn't come back. We're merely showing off our God given powers of observation. Something you seem to lack.

Oh bullshit.

Fucking conservatives complain about everything.

Take you for example. I bet you got a hot wife, nice house, you eat well, drink nice wines.

And yet.

You complain.

Fuck man.
 
Yeah, like pumping blood into a corpse.

So you think this country is dead?


The people who survived the great depression and WWII would laugh at your inability to move forward.

No, I'm specifically referring to the artificially induced bubbles created by our government that are destroying the country. I turn to my next door neighbor to discuss solutions not the government. We're in an epic quagmire because of them.
 
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