Wow.. another news article with bleak economic forecast..

[topspin]

It's far from fine. It is in fact recovering in the strict economics sense of growing GDP. Dems the facts republiklans.

 

[Zander]

And another idiot completely loses his mind. Like HUH???

The only IDIOT here is any person who believes that the "Economy is fine". It's not.

I don't think anyone IS saying it's "fine." Nice try, but no cigar.

Really?

consensus of economist still forecast 2 to 3% growth. Fear sells, good news get's ignored in this cycle.

Consensus of all economist, the last one's I want to hear from are the ones who predicted under 8% unemployment last year from the stimulus.
Business economist are predicting growth

I look to economist as a group for forecast not some reporter who gets paid by the page of doom and gloom. To each his own. What I stated is fact and easliy looked up.

I look to economist as a group for forecast not some reporter who gets paid by the page of doom and gloom. To each his own. What I stated is fact and easliy looked up.

The weak economic numbers don't line up with what your posting. just sayin'.....

they don't when all you look at are negative reports, jobs have been growing for months so has GDP.
Maybe when the second quarter is released a 2.5% plus the sky is falling crowd will chill a tad.

Someone has the rose colored glasses on........

 

[Polk]

I have to laugh at the economic lectures from those claiming that hyperinflation is just around the corner.

 

[Zander]

I have to laugh at the economic lectures from those claiming that hyperinflation is just around the corner.

Deflation is far more likely. We are experiencing it now.

 

[midcan5]

Having read a great deal of history, I'd say so what. Opinions are like.... Reagan had worse unemployment and jobs came back through Keynesian spending, but eventually he had to raise taxes and the bubble burst for Bush Sr. If I had a fear, it is the greedy but smart gamblers on wall street, and the outsourcing of America. With so much wealth concentrated in so few hands, demand economics hasn't a chance.

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[JakeStarkey]

Polk, go ask Zander about hyperinflation. He claims, having made hyper claims, he is an expert on it.

 

[topspin]

Google consensus GDP q2 2010

 

[Zander]

Polk, go ask Zander about hyperinflation. He claims, having made hyper claims, he is an expert on it.

As usual, you are a total "Jake Starkey".

 

[Jon]

Working in the transportation industry, I can say that if the economy is not getting better, we're one lucky business. We're showing all kinds of growth in transportation demands, nationwide. Some regions' businesses are moving more goods than we can supply capacity for. That's a very good sign of growth, despite what the talking heads want to say.

 

[JakeStarkey]

As long as the housing market remains depressed while clearing out the foreclosures, and as long as the oil market remain sluggish, the economy will move slowly. But it is not moving down now, and that was Bush and the Pubs' legacy for America.

 

[Rozman]

We are sooooo screwed!.....

 

[Charles_Main]

Of course things are going to get bad again. it is unavoidable when all government did was spend whole hell of a lot of money. To create nearly 0 private sector jobs, Give some union construction workers temporary work, and very little else.

The economy getting worse is inevitable. The Dems Stimulus plan was a delaying measure at best, that is going to make it even worse when it comes back around.

Yay for Obamanomics.

 

[JakeStarkey]

Of course things are going to get bad again. it is unavoidable when all government did was spend whole hell of a lot of money. To create nearly 0 private sector jobs, Give some union construction workers temporary work, and very little else.

The economy getting worse is inevitable. The Dems Stimulus plan was a delaying measure at best, that is going to make it even worse when it comes back around.

Yay for Obamanomics.

Yep, we are still losing 700,000 jobs a month as we did for months on end because of Pub policies? I don't think so. The stock market is at 6,000? I don't think so. The economy has produced about 600,000 jobs this year, about 1/2 of what we need monthly.

Charles, you don't have a clue about this, and it shows clearly.

 

[Meister]

Of course things are going to get bad again. it is unavoidable when all government did was spend whole hell of a lot of money. To create nearly 0 private sector jobs, Give some union construction workers temporary work, and very little else.

The economy getting worse is inevitable. The Dems Stimulus plan was a delaying measure at best, that is going to make it even worse when it comes back around.

Yay for Obamanomics.

Yep, we are still losing 700,000 jobs a month as we did for months on end because of Pub policies? I don't think so. The stock market is at 6,000? I don't think so. The economy has produced about 600,000 jobs this year, about 1/2 of what we need monthly.

Charles, you don't have a clue about this, and it shows clearly.

What clearly shows is what a moron you are, Jake. 600,000 jobs...really?
Surely not in the private sector. Census jobs helped but the numbers have been manipulated severely...you don't have a clue do you?

 

[Meister]

As long as the housing market remains depressed while clearing out the foreclosures, and as long as the oil market remain sluggish, the economy will move slowly. But it is not moving down now, and that was Bush and the Pubs' legacy for America.

BooooooooooooooSH

 

[Trajan]

consensus of economist still forecast 2 to 3% growth. Fear sells, good news get's ignored in this cycle.

Consensus from the obama administration you mean. Get away from those type and you get a real feel of how poorly we're doing.

Fears that economic recovery is fizzling grew yesterday after the government and private sector issued weak reports on a number of fronts.
Economic recovery faltering, data suggest - The Boston Globe

The sad part is that yes, the economy WILL continue to fizzle as long as there continues to be article after article after article predicting (projecting) that it will. Why would anyone want to invest in America when the entire financial media tells us it ain't worth it? One would think it would be in the financial sector's best interests to put a better face forward.

So can all of the gloomy forecasting be, gasp, politically generated? You betcha. The political conservatives would love nothing more than to see the economy tank, again. After all, they are recalling George H.W. Bush's second term loss which resulted because of "It's the economy, stupid" and are salivating over being able to use the same mantra against incumbent Obama. In my opinion, most people had no clue back in 1989 what that even meant. It was so cleverly worded that it brought down the succesor to Reagan who had in reality done a lot to "fix" the deficit left by Reagan. (Sound familiar?)

and obamas rah rah's? Mangling of stats, misrepresentation, it appears thats okay yet when some provide an analysis that doesn't square with the sky is bright blue and the flowers are blooming its talking things down? How about just telling it straight?

Last I heard private bus. is still sitting on 1.8 trillion and temp. agencies are seeing upticks in their hiring.

Business has not taken the plunge yet, sept. 30 when that Q ends and the "wall st. reform" bill starts impacting them, its going to cost them a bundle of money too. They know it and I believe they will hunker down.

 

[Polk]

Working in the transportation industry, I can say that if the economy is not getting better, we're one lucky business. We're showing all kinds of growth in transportation demands, nationwide. Some regions' businesses are moving more goods than we can supply capacity for. That's a very good sign of growth, despite what the talking heads want to say.

The unpleasant reality for both sides is that the economy is recovering, but it's going to be a long slow pull.

 

[Trajan]

Working in the transportation industry, I can say that if the economy is not getting better, we're one lucky business. We're showing all kinds of growth in transportation demands, nationwide. Some regions' businesses are moving more goods than we can supply capacity for. That's a very good sign of growth, despite what the talking heads want to say.

The unpleasant reality for both sides is that the economy is recovering, but it's going to be a long slow pull.

yea, probably and you can bet 'growth' will be redefined as we go forward to hey its not bad lets all give it a shout out...

of course that is unless the 'naysayers' are right, we double dip.

 

[MaggieMae]

The only IDIOT here is any person who believes that the "Economy is fine". It's not.

I don't think anyone IS saying it's "fine." Nice try, but no cigar.

Really?

The weak economic numbers don't line up with what your posting. just sayin'.....

they don't when all you look at are negative reports, jobs have been growing for months so has GDP.
Maybe when the second quarter is released a 2.5% plus the sky is falling crowd will chill a tad.

Someone has the rose colored glasses on........

That information is encouraging, which was the implication. Nowhere does he say it's "fine."

 

[MaggieMae]

Consensus from the obama administration you mean. Get away from those type and you get a real feel of how poorly we're doing.

Fears that economic recovery is fizzling grew yesterday after the government and private sector issued weak reports on a number of fronts.
Economic recovery faltering, data suggest - The Boston Globe

The sad part is that yes, the economy WILL continue to fizzle as long as there continues to be article after article after article predicting (projecting) that it will. Why would anyone want to invest in America when the entire financial media tells us it ain't worth it? One would think it would be in the financial sector's best interests to put a better face forward.

So can all of the gloomy forecasting be, gasp, politically generated? You betcha. The political conservatives would love nothing more than to see the economy tank, again. After all, they are recalling George H.W. Bush's second term loss which resulted because of "It's the economy, stupid" and are salivating over being able to use the same mantra against incumbent Obama. In my opinion, most people had no clue back in 1989 what that even meant. It was so cleverly worded that it brought down the succesor to Reagan who had in reality done a lot to "fix" the deficit left by Reagan. (Sound familiar?)

and obamas rah rah's? Mangling of stats, misrepresentation, it appears thats okay yet when some provide an analysis that doesn't square with the sky is bright blue and the flowers are blooming its talking things down? How about just telling it straight?

Last I heard private bus. is still sitting on 1.8 trillion and temp. agencies are seeing upticks in their hiring.

Business has not taken the plunge yet, sept. 30 when that Q ends and the "wall st. reform" bill starts impacting them, its going to cost them a bundle of money too. They know it and I believe they will hunker down.

Then they're gonna have a problem of their own making. Regardless of financial reforms placed on "Wall Street" (i.e., the major investment houses), the purpose of their existence is to raise capital for productive enterprises. Most of those investment banks have been "hunkering down," continuing to play their casino games by keeping their revenue all in "the family" and refusing to lend, thereby putting business owners in a bind. Business owners will soon be right back where they found themselves in early 2008 if the reform doesn't go through and the status quo becomes the norm again. Actually, it will be worse for small businesses, because the myriad interim tax credits in attempt to keep them afloat will have expired.