What does Economic Recovery mean to you?

[Kiki Cannoli]

How will your personal life improve? What will the indicators be in your world?

Honest question, no hidden agenda. For me I'd like to see:

- the price of food (particularly seasonal fruits/vegetables) will be reduced by 10%
- of course gas prices fall, but with the annual summer hike in place difficult to ascertain how much of the current increase is due to economic downfall
- small business increasing investments in developing technologies

I am certain USMB has some sophisticated economic minds who desire liquidity and mobility. Am looking forward to that input, but my world is simple and rather risk adverse.

 

[Soggy in NOLA]

Cheap titties, weed and booze.

There ya go.

 

[Annie]

I"m with the many who believe the recession never ended:

10 signs the double-dip recession has begun - Business - US business - msnbc.com

10 signs the double-dip recession has begun
Many Americans believe that the 2008-2009 downturn never ended

Friday's news on GDP shows the double dip has arrived — an expansion of only 1.3 percent and consumer spending up 0.1 percent in the second quarter. Astonishingly low by any account. The debt ceiling trouble and lack of a longer term resolution to the deficit will make it worse.

The U.S. has entered a second recession. It may not be as bad as the first. Economists say that the Great Recession began in December 2007 and lasted until July 2009. That may be the way that the economy was seen through the eyes of experts, but many Americans do not believe that the 2008-2009 downturn ever ended. A Gallup poll released in April found that 29 percent of those queried thought the economy was in a “depression” and 26 percent said that the original recession had persisted into 2011.

It is any wonder that many Americans believe that the economic downturn is still in progress? Home prices have fallen to 2002 levels. Values have dropped nearly 50 percent in parts of Florida, California, Nevada and Arizona. Property values are also down that much in parts of troubled big cities like Detroit. Estimates are that as many as 11 million homes have underwater mortgages. Banks have inventories of as many as 2 million foreclosed homes which have not even been released to the market. Home prices could fall another 10 percent if current trends persist.

Perhaps the most powerful argument that the recession never ended or that a new one has begun is the persistence of unemployment. Fourteen million people are out of work. A third of those have been jobless for more than a year. May employment data showed the jobless rate rose unexpectedly and that the economy added only 58,000 jobs. Experts believe that the unemployment rate will not improve significantly until the monthly gain in jobs is consistently 300,000 jobs or more. And, at that rate the gains would have to go one for more than two years to bring the economy back to what is traditionally considered a reasonable unemployment figure...

 

[Sherry]

It will mean that the housing market improves enough so that my mom can sell her home and relocate to be near me. She is not in the best of health, and so besides wanting to be closer so I can take care of her when needed, I just want the quality time together. Yeah, I'd also like to see food and energy prices go down, but feel confident I'll find a way to make do.

 

[Wiseacre]

I got family members who are out of work and want a job. Also got friends on this board who want the same thing, whether we agree on anything or not I want them to be able to find a job. So, economic recovery to me means more people working and lower unemployment numbers. Everything else is secondary IMHO.

 

[Remodeling Maidiac]

Steady work and the opportunity to pursue the "dream" without worry that congress and potus are gonna Fuck shit up. Being able to see my grandson graduate from college without worrying about what he will do when he's done.

 

[Mr. Shaman]

What does Economic Recovery mean to you?

Well.....everyone was promised the extra-income (realized by the 1%ers/high-roller$), generated by the BUSH TAX-CUTS, was gonna be invested in job-creation.

No one gave us a specific-date (when these jobs would start generating significant tax-buck$)....but I'm pretty certain it was supposed to happen, by NOW!!!

I'd ask Teabaggers what the ETA is....of the shower o' jobs we've been expecting.....but, their new Reps are still overly-obsessed with that Shoes REQUIRED rule, in all Government offices/facilities, and the Teabaggers' Reps have (obviously) forgotten to ask Boner "What's UP??"

[ame=http://www.youtube.com/watch?v=aAYQ4aMwMmc]‪Where are the Jobs, Mr. Boehner??? - Rachel Maddow‬‏ - YouTube[/ame]​

 

[boedicca]

Recovery means robust Real Economic Growth which generates sufficient private sector jobs: to reduce unemployment, to increase the labor force participation rate, and to absorb new entrants into the work place. The result of this growth is the restoration of tax receipts (without tax rate increases) to the historical 18-19% of GDP.

These things won't happen unless federal spending is reduced to below 20% of GDP.