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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.
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
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
What does this really tell us?
That economists cannot arrive at a single conclusion about where our economy is headed.
Dismal science, indeed.
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.
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!
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.
Did you know the economy surged during the depression because of FDRs' "stimulus package"? Yet the depression continued.Ok you stupid sheep.....Pay no attention to the surging economy!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.
Any improvement you see is purely by accident!
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.
Obviously the stimulus got us out.. ..
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.
we want Obama and his policies to fail.
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.
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.
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.
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
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" ???
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.
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?
