The Experts Agree: The Recession is Over.

[rightwinger]

The Experts Agree: The Recession is Over.

The "Experts" also agreed that the stimulus was a good idea.

well, at least it held unemployment below 8% like they promised it would.

oh, wait. it didn't.

nevermind.

The economic numbers are there to see. Most of the key economic indicators are showing improvement and some are showing massive improvement. Economists looking at the same numbers are concluding that the worst recession in 70 years is coming to an end. This doesn't mean everything is fine economicaly, just that the economy is recovering and has shown increases for seven consecutive months
Why?
Hate to say it but TARP and the Stimulus worked. Look at the economic trends up to Feb 09 when these key intitiatives passed. Starting in March 09, the economy has improved EVERY single month.
Not happy with jobs? Nobody is. Leading economist are predicting an upturn in early 2010. I know it is not fast enough for you "I want it now" Republicans but economic progress to date has been remarkable

 

[uscitizen]

I sure am glad that recovery started this time last year like the experts had predicted.

How short is our memory....

 

[Maple]

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.

The no stimulus stimulus bill where we paid 18 million dollars to set up a website to count the jobs created or saved counted jobs that came from congressional districts that don't exist, now they are NOT going to fix the problem. You might try reading the Wall Street Journal once in a blue moon and see what they are saying about the recession. I met someone yesterday who has been pounding the streets for the last 5 months and can't even get an interview. A highly qualified and intelligent person by the way. So dream on.

They need to rescind the no stimulus stimulus bill, cut at the federal level and tighten their belts as the rest of us are doing. They are talking about a 2nd stimulus so my question to you, if the 1st one is working as well as they would like everyone to believe why are they talking about a second stimulus.

 

[rightwinger]

Stimulus Worked!

 

[DiamondDave]

Stimulus Worked!

You picked your nose and the sun did not blow up today... So it must mean that picking your nose worked

About the same validity there as in your statement

 

[rightwinger]

Stimulus Worked!

You picked your nose and the sun did not blow up today... So it must mean that picking your nose worked

About the same validity there as in your statement

Pre-Stimulus- Financial markets in a panic, pending economic collapse, threat of Depression

Post Stimulus- Stock Markets up 54%, Housing sales up 37%, GDP up, Index of leading economic indicator up every month...Recession over

 

[saveliberty]

Stimulus Worked!

This is the same stimulus that was going to keep Chrysler and GM from going bankrupt? The one that was going to keep unemployment under 8.5%? That was going to get the banks lending to small business again? You have a funny definition of worked.

 

[CrusaderFrank]

Why is every downturn "the worst economy since the Great Depression"?

 

[California Girl]

Stimulus Worked!

You picked your nose and the sun did not blow up today... So it must mean that picking your nose worked

About the same validity there as in your statement

Pre-Stimulus- Financial markets in a panic, pending economic collapse, threat of Depression

Post Stimulus- Stock Markets up 54%, Housing sales up 37%, GDP up, Index of leading economic indicator up every month...Recession over

You're kinda right, but you're also kinda wrong.

Most international economists are saying the worst is over. They are also suggesting that there is a strong possibility of a double dip. So, the fat lady is not singing yet. It is, despite what partisans of both sides might want, still a 'wait and see' game. There is shit still unknown and the commericial mortgage market may not have reached it's full dip yet.

Fact of it is that the stimulus was necessary. The problem with this stimulus is that far too much money was used for projects that did nothing to stimulate the economy. So, it worked but it did not do what it could have done to help the country. And the blame for that lies squarely at the door of the Oval Office. It makes me laugh that the 'Obama is God' left are so completely stupid that they can't see plain facts. It's all there, in the recovery figures, if you are brave enough to look at them.

 

[DiamondDave]

Stimulus Worked!

You picked your nose and the sun did not blow up today... So it must mean that picking your nose worked

About the same validity there as in your statement

Pre-Stimulus- Financial markets in a panic, pending economic collapse, threat of Depression

Post Stimulus- Stock Markets up 54%, Housing sales up 37%, GDP up, Index of leading economic indicator up every month...Recession over

#1... Economy still in bad shape
#2.. You cherrypicking only certain aspects does not put the economy in better shape
#3... You ignoring there are many aspects beside the stimulus does not make the stimulus a success or mean that it is 'working'

You are indeed a blinded partisan winger

 

[uscitizen]

Why is every downturn "the worst economy since the Great Depression"?

Because we are overall going downhill?

That would be a logical explanation for your question.

 

[rightwinger]

You picked your nose and the sun did not blow up today... So it must mean that picking your nose worked

About the same validity there as in your statement

Pre-Stimulus- Financial markets in a panic, pending economic collapse, threat of Depression

Post Stimulus- Stock Markets up 54%, Housing sales up 37%, GDP up, Index of leading economic indicator up every month...Recession over

You're kinda right, but you're also kinda wrong.

Most international economists are saying the worst is over. They are also suggesting that there is a strong possibility of a double dip. So, the fat lady is not singing yet. It is, despite what partisans of both sides might want, still a 'wait and see' game. There is shit still unknown and the commericial mortgage market may not have reached it's full dip yet.

Fact of it is that the stimulus was necessary. The problem with this stimulus is that far too much money was used for projects that did nothing to stimulate the economy. So, it worked but it did not do what it could have done to help the country. And the blame for that lies squarely at the door of the Oval Office. It makes me laugh that the 'Obama is God' left are so completely stupid that they can't see plain facts. It's all there, in the recovery figures, if you are brave enough to look at them.

Pre Stimulus the economy was in a panic. People worldwide looked for the US to do something. Standing by and doing nothing was not an option. Hate to tell Republicans, but cutting taxes was not an option either.
What did the stimulus do? It provided proof that the US Government was willing to invest in the economy, shore up the banks, shore up the failing auto industry. Once the US Government put its money up, private investors followed.
Are we out of the woods? Not by a long shot. The economy could still reverse. Jobs still have not kicked in, dollar is weak.

Are we in better shape than we were in Feb 2009? You bet your ass we are

 

[CrusaderFrank]

Can you place in order the Worst since the Great Depression downturns?

Thanks

 

[nodoginnafight]

The economic numbers are there to see. Most of the key economic indicators are showing improvement and some are showing massive improvement. Economists looking at the same numbers are concluding that the worst recession in 70 years is coming to an end. This doesn't mean everything is fine economicaly, just that the economy is recovering and has shown increases for seven consecutive months
Why?
Hate to say it but TARP and the Stimulus worked. Look at the economic trends up to Feb 09 when these key intitiatives passed. Starting in March 09, the economy has improved EVERY single month.
Not happy with jobs? Nobody is. Leading economist are predicting an upturn in early 2010. I know it is not fast enough for you "I want it now" Republicans but economic progress to date has been remarkable

rightwinger - props for one of the most level-headed observations I've seen here on the issue. Of course one side is going to try to lead a chorus of "Everything's Coming up Roses" and the other side is trying to drown them out with a funeral dirge.

But cautious optimism is (imho) merited.

 

[txlonghorn]

Uh oh!!! Now what? How many times have we heard this from the "experts"?

Economy's rebound not as strong as first thought - Yahoo! News

"It's not as good or as bad as we first thought." Sounds oh so familiar doesn't it?

 

[Xenophon]

Yes they do say its over since summer, things are far from good however and in fact they have revised the numbers downward.

washingtonpost.com

 

[uscitizen]

Uh oh!!! Now what? How many times have we heard this from the "experts"?

Economy's rebound not as strong as first thought - Yahoo! News

"It's not as good or as bad as we first thought." Sounds oh so familiar doesn't it?

That song is getting old too.
Why do people keep believeing the lyrics?

 

[txlonghorn]

The "Experts" also agreed that the stimulus was a good idea.

well, at least it held unemployment below 8% like they promised it would.

oh, wait. it didn't.

nevermind.

The economic numbers are there to see. Most of the key economic indicators are showing improvement and some are showing massive improvement. Economists looking at the same numbers are concluding that the worst recession in 70 years is coming to an end. This doesn't mean everything is fine economicaly, just that the economy is recovering and has shown increases for seven consecutive months
Why?
Hate to say it but TARP and the Stimulus worked. Look at the economic trends up to Feb 09 when these key intitiatives passed. Starting in March 09, the economy has improved EVERY single month.
Not happy with jobs? Nobody is. Leading economist are predicting an upturn in early 2010.

I know it is not fast enough for you "I want it now" Republicans but economic progress to date has been remarkable

I think I have a pretty good grasp on how you view things, but this statement really threw me back. Are you saying that only republicans are upset about the unemployment rate?

God I hope not. If so, you have alot of liberals out there in need of an apology because you choose to put their plight in the dark.

You're right to an extent. We do want it now...because this is KILLING our economy and when Obama made the promises he made that this stimulus would keep us out of double digit unemployment, there were enough people that believed him...for some reason.

No sir, I'm sorry, but even democrats on the hill are not happy with this situation and that was evident in the news article that we all exchanged on last night. There's a few, including Schumer, that aren't veyr happy with Mr. Geihtner at the moment. DeFazio is calling for him to resign.

There's a bigger problem here than just a slow turn around. Let's not start celebrating TARP just yet. I'm not convinced. This rollercoaster needs to stop and these economists need to check themselves very carefully before they start making claims that it's over then coming back a few days later and saying...uhhh...oops...sorry, we didn't realize how bad it really was.

 

[rightwinger]

Can you place in order the Worst since the Great Depression downturns?

Thanks

US Leading Economic Indicator Real Time Monthly GDP Company Business Global Forecasting

Look at the second table showing recessions since 1959

In order:
1. 2008
2. 1982-83
3. 1974-75
4. 2001-2002

If you wonder how bad the current recession is, look at the last gray bar on the right.

Economic index dropped from approx 117-96 in less than a year

If you question the recovery look at the upturn in 2009 showing a rise from 96-107

 

[txlonghorn]

Uh oh!!! Now what? How many times have we heard this from the "experts"?

Economy's rebound not as strong as first thought - Yahoo! News

"It's not as good or as bad as we first thought." Sounds oh so familiar doesn't it?

That song is getting old too.
Why do people keep believeing the lyrics?

Why do you keep believing bullshit? You really can't argue with this. They say "IT'S OVER!" And then the come back and say..."Weeeellllll...maybe it's not. Sorry for the false alarm"

Are you sheep just going to wander around with them? Have some guts!! Stop defending this circle jerk and start demanding some REAL change! You voted for him! Now demand that he give you what he promised!!