The Experts Agree: The Recession is Over.

[Oddball]

Inflation has been non-existant for the past year, which makes the GDP growth even more impressive.

As far as Government being the largest provider of investment: Have you looked at Wall Street lately? Seems like there's a whole lot of private investment going on to me...

Been listening to Baghdad Bob again, haven't you?

 

[nodoginnafight]

housing sales through the roof in October

oops, sorry hate to bring good news to yer pity party ....

October sales gains lift hopes for housing market - Forbes.com

 

[uscitizen]

Most of wall street's "investment" is only personal investment as in gambling.

 

[Oddball]

housing sales through the roof in October

oops, sorry hate to bring good news to yer pity party ....

October sales gains lift hopes for housing market - Forbes.com

See #71, doofus.

 

[nodoginnafight]

saw it - it's STILL just more empty yapping

 

[Oddball]

Proving that you don't know WTF you're talking about.

 

[nodoginnafight]

or that YOU don't know what YOUR talking about

 

[Vast LWC]

Well, here's the thread sum up so far:

A non-partisan, highly respected groups of economists have stated that they believe the recession has hit bottom and the economy is on it's way up, and that unemployment should start improving as soon as January.

I personally stated that this was a happy occurrence, and thanked the Obama administration for quite probably leading us to a recovery.

To contradict this, a bunch of posters have attempted to discredit the character of these economists, or show that they have some kind of bias, rather than actually trying to prove they're wrong. In addition they seem to be hoping that the economy is not on it's way to recovery, just so they can score some political points.

Interesting.

 

[nodoginnafight]

Well, here's the thread sum up so far:

A non-partisan, highly respected groups of economists have stated that they believe the recession has hit bottom and the economy is on it's way up, and that unemployment should start improving as soon as January.

To contradict this, a bunch of posters have attempted to discredit the character of these economists, or show that they have some kind of bias, rather than actually trying to prove they're wrong...

Interesting.

When your party means more to you than truth, the door opens for all sorts of spin opportunities.

 

[Oddball]

What you have are economists looking only at the raw numbers, while ignoring the huge amount of fiat money that has been pumped into the system and propped up economic activity, subsequently inflating prices.

What you two fail to realize, in your blind appeals to authority, is that the "rise" is in terms of a USD that is worth markedly less.

 

[nodoginnafight]

watch for terms like "fiat money." Sure sign you got a "gold is money" person on your hands.

 

[Oddball]

Ad homs are irrelevant.

 

[Vast LWC]

What you have are economists looking only at the raw numbers, while ignoring the huge amount of fiat money that has been pumped into the system and propped up economic activity, subsequently inflating prices.

What you two fail to realize, in your blind appeals to authority, is that the "rise" is in terms of a USD that is worth markedly less.

Which is actually a good thing in terms of our trade deficit with China, and in exports in general.

In addition, actual US inflation hasn't risen.

Though inflation would certainly help our massive debt.

 

[DiamondDave]

I know that the recession is not over because I can't think of a single business that is expanding right now to account for the supposed growth. Remember it GDP is measured as Consumer Investment, and Government and most of the increase in spending has been from government.

Also, don't forget inflation. If inflation is 3.4% and we have an increase in GDP as 3.5% then our real growth is .1% which isn't very much at all.

Inflation has been non-existant for the past year, which makes the GDP growth even more impressive.

As far as Government being the largest provider of investment: Have you looked at Wall Street lately? Seems like there's a whole lot of private investment going on to me...

Even from lib supporting CNN

There is also concern that the GDP growth is largely the result of the economic stimulus implemented by the federal government and other government initiatives like the "Cash for Clunkers" program for automobiles.

Brighter signs in economy haven't boosted confidence or hiring - CNN.com

Private business investment is down, government policy towards spending and the economy is about as bad as it can be and hindering recovery, actual effect on the everyday citizen is still rough, unemployment has not hit it's bottom.... so despite far-left-wingers spouting off that things are recovered or that all these little things mean Obama's plan is a success, there is no truth or proof of these assumptions in reality

 

[Oddball]

What you have are economists looking only at the raw numbers, while ignoring the huge amount of fiat money that has been pumped into the system and propped up economic activity, subsequently inflating prices.

What you two fail to realize, in your blind appeals to authority, is that the "rise" is in terms of a USD that is worth markedly less.

Which is actually a good thing in terms of our trade deficit with China, and in exports in general.

In addition, actual US inflation hasn't risen.

Whistling past the graveyard.

 

[Vast LWC]

Even from lib supporting CNN

There is also concern that the GDP growth is largely the result of the economic stimulus implemented by the federal government and other government initiatives like the "Cash for Clunkers" program for automobiles.

Brighter signs in economy haven't boosted confidence or hiring - CNN.com

Private business investment is down, government policy towards spending and the economy is about as bad as it can be and hindering recovery, actual effect on the everyday citizen is still rough, unemployment has not hit it's bottom.... so despite far-left-wingers spouting off that things are recovered or that all these little things mean Obama's plan is a success, there is no truth or proof of these assumptions in reality

More claims of bias, and a confidence poll? Not very convincing. Confidence polls are notoriously fickle and changeable.

Note, I could have posted the story from where I found it originally, on the obviously biased MSNBC, but I didn't.

Instead I went and checked the source to make sure it wasn't a political hack job.

 

[Zoom-boing]

If this is true, why did Obama just say last week that he could foresee a double dip recession?

OR....

Was he just lying.... AGAIN?

If it's a double dip, well then Barry called it.
If the recession is ending, well then Barry's stimuless is the reason.
He's doing the CYA dance.

 

[Zoom-boing]

National Association for Business Economics:

Recovery Soon to Lose "Jobless" Label
November 2009

Reaffirming last month’s call that the Great Recession is over, NABE panelists have marked up their predictions for economic growth in 2010 and expect performance to exceed its long-term trend. “While the recovery has been jobless so far, that should soon change. Within the next few months, companies should be adding instead of cutting jobs,” said NABE President Lynn Reaser, chief economist at Point Loma Nazarene University. Panelists predict a relatively sluggish consumer upturn but look for a sizable housing rebound, low inflation, and further rise in stock prices. Importantly, panelists are mostly (though not entirely) optimistic that the Federal Reserve’s policies will not lead to higher inflation. At the same time, NABE panelists are “extremely” concerned about high federal deficits over the next five years.


National Association for Business Economics (NABE)

Thank you for digging us out of Bush's deep hole Mr Obama.

These are the same experts that did not see it coming? And once it hit said it would jut be a bit of an adjustment and would be very short?

Sorry but my father taught me not to keep believing fools and liars.

Didn't these economists also say that without the stim package, unemployment would hit over 10% but with the stim package it wouldn't go over 8.5%? Your father was a smart man.

 

[uscitizen]

Will those "experts" still feel that way after a pretty abysmal Christmas shopping season?

btw I have already bought all but a couple of my presents.

 

[saveliberty]

The Depress...recession is really terrilb...not that ba...is almo...over. Yeah, that's the ticket.