Wall Street Journal reports: Stimulus is working!

[rightwinger]

U.S. Economy Gets Lift From Stimulus - WSJ.com

WASHINGTON -- Government efforts to funnel hundreds of billions of dollars into the U.S. economy appear to be helping the U.S. climb out of the worst recession in decades.

But there's little agreement about which programs are having the biggest impact. Some economists argue that efforts such as the Federal Reserve's aggressive buying of Treasury debt and mortgage-backed securities, as well as government efforts to shore up banks, are providing a bigger boost than the administration's $787 billion stimulus package.

The U.S. economy is beginning to show signs of improvement, with many economists asserting the worst is past and data pointing to stronger-than-expected growth. On Tuesday, data showed manufacturing grew in August for the first time in more than a year. "There's a method to the madness. We're getting out of this," said Brian Bethune, chief U.S. financial economist at IHS Global Insight.

Much of the stimulus spending is just beginning to trickle through the economy, with spending expected to peak sometime later this year or in early 2010. The government has funneled about $60 billion of the $288 billion in promised tax cuts to U.S. households, while about $84 billion of the $499 billion in spending has been paid. About $200 billion has been promised to certain projects, such as infrastructure and energy projects.

Economists say the money out the door -- combined with the expectation of additional funds flowing soon -- is fueling growth above where it would have been without any government action.

Ok....Everyone who wants the economy to fail can chime in now

 

[editec]

What does this really tell us?

That economists cannot arrive at a single conclusion about where our economy is headed.

Dismal science, indeed.

 

[tigerbob]

U.S. Economy Gets Lift From Stimulus - WSJ.com

WASHINGTON -- Government efforts to funnel hundreds of billions of dollars into the U.S. economy appear to be helping the U.S. climb out of the worst recession in decades.

But there's little agreement about which programs are having the biggest impact. Some economists argue that efforts such as the Federal Reserve's aggressive buying of Treasury debt and mortgage-backed securities, as well as government efforts to shore up banks, are providing a bigger boost than the administration's $787 billion stimulus package.

The U.S. economy is beginning to show signs of improvement, with many economists asserting the worst is past and data pointing to stronger-than-expected growth. On Tuesday, data showed manufacturing grew in August for the first time in more than a year. "There's a method to the madness. We're getting out of this," said Brian Bethune, chief U.S. financial economist at IHS Global Insight.

Much of the stimulus spending is just beginning to trickle through the economy, with spending expected to peak sometime later this year or in early 2010. The government has funneled about $60 billion of the $288 billion in promised tax cuts to U.S. households, while about $84 billion of the $499 billion in spending has been paid. About $200 billion has been promised to certain projects, such as infrastructure and energy projects.

Economists say the money out the door -- combined with the expectation of additional funds flowing soon -- is fueling growth above where it would have been without any government action.

Ok....Everyone who wants the economy to fail can chime in now

It seemed to work in Japan too, though admittedly that's a very different economy.

I hope it's true. If not, and all this public money has already been dumped into the marketplace it's going to make paying the additional tax burden that results even more galling.

I was against the administration's plans. I simply don't like the government throwing money at everything, or the debt that builds up as a result. But, if it is working then something potentially positive will at least have come from it.

 

[Bern80]

U.S. Economy Gets Lift From Stimulus - WSJ.com

WASHINGTON -- Government efforts to funnel hundreds of billions of dollars into the U.S. economy appear to be helping the U.S. climb out of the worst recession in decades.

But there's little agreement about which programs are having the biggest impact. Some economists argue that efforts such as the Federal Reserve's aggressive buying of Treasury debt and mortgage-backed securities, as well as government efforts to shore up banks, are providing a bigger boost than the administration's $787 billion stimulus package.

The U.S. economy is beginning to show signs of improvement, with many economists asserting the worst is past and data pointing to stronger-than-expected growth. On Tuesday, data showed manufacturing grew in August for the first time in more than a year. "There's a method to the madness. We're getting out of this," said Brian Bethune, chief U.S. financial economist at IHS Global Insight.

Much of the stimulus spending is just beginning to trickle through the economy, with spending expected to peak sometime later this year or in early 2010. The government has funneled about $60 billion of the $288 billion in promised tax cuts to U.S. households, while about $84 billion of the $499 billion in spending has been paid. About $200 billion has been promised to certain projects, such as infrastructure and energy projects.

Economists say the money out the door -- combined with the expectation of additional funds flowing soon -- is fueling growth above where it would have been without any government action.

Ok....Everyone who wants the economy to fail can chime in now

It is indeed further proof that lefties have problems with linking. Apparently you and the writers of this piece need to learn the same thing the global warming crowd does; two things happening simultaneously does not inherently mean one caused the other.

 

[tigerbob]

What does this really tell us?

That economists cannot arrive at a single conclusion about where our economy is headed.

Dismal science, indeed.

True, but this isn't easy stuff. We're throwing up sandbags here because the levee has broken. It's impossible to really see how much damage has been done until the waters recede.

 

[rightwinger]

It is indeed further proof that lefties have problems with linking. Apparently you and the writers of this piece need to learn the same thing the global warming crowd does; two things happening simultaneously does not inherently mean one caused the other.

Ok you stupid sheep.....Pay no attention to the surging economy!
Any improvement you see is purely by accident!

 

[tigerbob]

It is indeed further proof that lefties have problems with linking. Apparently you and the writers of this piece need to learn the same thing the global warming crowd does; two things happening simultaneously does not inherently mean one caused the other.

Ok you stupid sheep.....Pay no attention to the surging economy!
Any improvement you see is purely by accident!

Bust because you're pissed at someone don't throw yourself over the edge and say the economy is surging. There are some signs that it might be recovering. A "surge" it ain't.

 

[xsited1]

U.S. Economy Gets Lift From Stimulus - WSJ.com

...

Herein lies the problem:

One big question: Will the boost evaporate once the programs end?

Stuart Hoffman, chief U.S. economist for PNC Financial Services Group, said the stimulus package "caused this bit of a concentrated burst [that] probably will exaggerate the pace of economic growth," since some areas, such as auto sales, could fall back to low levels.

There is no free lunch. This money will have to be repaid. Certainly "free" money will provide a short-term burst economically, but the cost is high and the returns are uncertain.

 

[Mad Scientist]

It is indeed further proof that lefties have problems with linking. Apparently you and the writers of this piece need to learn the same thing the global warming crowd does; two things happening simultaneously does not inherently mean one caused the other.

Ok you stupid sheep.....Pay no attention to the surging economy!
Any improvement you see is purely by accident!

Did you know the economy surged during the depression because of FDRs' "stimulus package"? Yet the depression continued.

I'm not saying we're in a depression. I'm not saying were not in recovery. What I am saying is whatever growth we'll have going forward will be smaller than most people want or expect. People remember growth rates during W's term and will expect the same. Obamas' debt payoff plan depends on high growth economic rates.

Also, we don't want the economy to fail, we want Obama and his policies to fail. Big difference.

 

[rightwinger]

Just because you're pissed at someone don't throw yourself over the edge and say the economy is surging. There are some signs that it might be recovering. A "surge" it ain't.

I'm soooo pissed I'm going to report an economic recovery!

A "surge" it aint" ??
Dow Jones March 2 2009 6626
Dow Jones Today 9344

41% increase is not a "surge" ???

 

[KMAN]

It's starting already... Obama is getting credit for getting us out of the recession even though the typical recession lasts about 6-18 months and that if the government doesn't throw trillions into the economy... What do you know, we are in month 19.... LOL...Obviously the stimulus got us out..

 

[rightwinger]

Obviously the stimulus got us out.. ..

Wall Street Journal, a Rupert Murdoch right wing publication reporting..

WASHINGTON -- Government efforts to funnel hundreds of billions of dollars into the U.S. economy appear to be helping the U.S. climb out of the worst recession in decades.

 

[Bill O'Olberman]

we want Obama and his policies to fail.

And you fail to see how that makes you a blind, partisan douchebag? I will henceforth refer to as a fucking retard, or fucktard for short. There is a big difference between disagreeing with someone's policies based on ones assumptions and ideology or simply wanting or praying for someone to fail for your own political gain. The later line of thinking is just plain unproductive.

 

[KMAN]

I think that 9.7% of the people would disagree...

Jobless rate at 9.7 pct.; 216K jobs lost in Aug. - Yahoo! News

 

[concept]

Obviously the stimulus got us out.. ..

Wall Street Journal, a Rupert Murdoch right wing publication reporting..

WASHINGTON -- Government efforts to funnel hundreds of billions of dollars into the U.S. economy appear to be helping the U.S. climb out of the worst recession in decades.

The same Rupert Murdoch that supported Hillary's campaign?

 

[KMAN]

Obviously the stimulus got us out.. ..

Wall Street Journal, a Rupert Murdoch right wing publication reporting..

WASHINGTON -- Government efforts to funnel hundreds of billions of dollars into the U.S. economy appear to be helping the U.S. climb out of the worst recession in decades.

Just providing more facts...

 

[PoliticalChic]

we want Obama and his policies to fail.

And you fail to see how that makes you a blind, partisan douchebag? I will henceforth refer to as a fucking retard, or fucktard for short. There is a big difference between disagreeing with someone's policies based on ones assumptions and ideology or simply wanting or praying for someone to fail for your own political gain. The later line of thinking is just plain unproductive.

"One of the two major political parties of the United States has linked all its electoral hopes on domestic pathologies, economic downturns and foreign failure.

It is actually difficult to name any positive development for America that would benefit the Democratic Party's chances in a national election.

Name almost any subject, and this unhealthy pattern can be discerned."

If It's Bad for America, It's Good for Democrats by Dennis Prager on Creators.com - A Syndicate Of Talent

 

[Bill O'Olberman]

we want Obama and his policies to fail.

And you fail to see how that makes you a blind, partisan douchebag? I will henceforth refer to as a fucking retard, or fucktard for short. There is a big difference between disagreeing with someone's policies based on ones assumptions and ideology or simply wanting or praying for someone to fail for your own political gain. The later line of thinking is just plain unproductive.

"One of the two major political parties of the United States has linked all its electoral hopes on domestic pathologies, economic downturns and foreign failure.

It is actually difficult to name any positive development for America that would benefit the Democratic Party's chances in a national election.

Name almost any subject, and this unhealthy pattern can be discerned."

If It's Bad for America, It's Good for Democrats by Dennis Prager on Creators.com - A Syndicate Of Talent

Hmmm... I'll take 'an opinion piece by a person who is obviously pro-republican and that is loaded with unsubstantiated claims' for 100 Alex. Counter to the article is now democrats are the ones who stand to benefit from a recovering economy and people like fucktard want Obama to fail which would naturally have to correlate the economy remaining atleast stagnant so that the republicans can hope to gain a couple more seats in 2010. Also I am not gonna say that some democrats are any different.

 

[tigerbob]

Just because you're pissed at someone don't throw yourself over the edge and say the economy is surging. There are some signs that it might be recovering. A "surge" it ain't.

I'm soooo pissed I'm going to report an economic recovery!

A "surge" it aint" ??
Dow Jones March 2 2009 6626
Dow Jones Today 9344

41% increase is not a "surge" ???

From your OP...

Much of the stimulus spending is just beginning to trickle through the economy, with spending expected to peak sometime later this year or in early 2010.

So on one hand the vast majority of stimulus money has not even hit the economy yet. But on the other you are implying that an increase in the Dow is a "surge" attributable to the stimulus?

Duct tape anyone?

 

[Bill O'Olberman]

Much of the stimulus spending is just beginning to trickle through the economy, with spending expected to peak sometime later this year or in early 2010.

So on one hand the vast majority of stimulus money has not even hit the economy yet. But on the other you are implying that an increase in the Dow is a "surge" attributable to the stimulus?

Duct tape anyone?

Could it be the market adapting due to rational expectations about how the stimulus will affect the economy now as well as in the near future???