Political Discussions
Is the Economy Improving
Posted by jrmellem • 7/18/09 • Subscribe to this Discussion [RSS] • Report This Topic
Topics: depression, Economy, money, recession, survival
Do you believe the stories that the economy is starting to recover now? I don't think it is by looking around. What do you see in your area? Does it reflect that things are getting better, worse?
User Comments
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Our private sector is still in a depression -
The media will say anything to make Obama look good. The real world realizes that unemployment is skyrocketing. -
The private sector is improving somewhat, job loss is slowing, but we are still headed in the wrong direction with unemployment. The Obama administration said this would take time and we likely wouldn't see recovery until 2010.-
Idk how you can take anything he says seriously when the only thing he has run is a household?
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so he wasn't a community organizer after all?
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I seem to remember Obama saying something about unemployment hitting 8% without the stimulus....
"Their report projected that the stimulus plan proposed by Obama would create between three and four million jobs by the end of 2010. The report also includes a graphic predicting unemployment rates with and without the stimulus. Without the stimulus (the baseline), unemployment was projected to hit about 8.5 percent in 2009 and then continue rising to a peak of about 9 percent in 2010. With the stimulus, they predicted the unemployment rate would peak at just under 8 percent in 2009."
www.politifact.com/truth-o-meter/statements/2009/jul/09/eric-cantor/Cantor-...
"And on the jobs front, an early target was missed: Two of the president's top economic advisors put out a report Jan. 9 predicting that with the stimulus spending, the U.S. unemployment rate this year would not exceed 8%. It now stands at 9.4%. That figure is higher than Christina Romer and Jared Bernstein had said it would be even if the stimulus package had not been adopted."
articles.latimes.com/2009/jun/09/nation/na-obama-stimulus9
I don't seem to remember them saying anything about 2010. -
It's the teleprompters fault. -
Wow a community organizer makes you a President these days?
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Is the economy improving? It is, if you're a Goldman-Sachs employee. As for the rest, well . . . still hurts from where I'm looking at things.-
well if rich people are doing better, then it will be 'trickling down' any day now
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I was thinking that, but I decided to avoid the "trickle" word, because I had images of Count de Monet and the piss boy in Mel Brooks, "History of the World Part I."
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that's pretty much how it GOES
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If you are the UAW, then you almost control a car company or two. Shout out to Obama for throwing them some hefty table scraps. I am guessing that this clears up his debt to them for all those campaign contributions.
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No, we are seeing a breathing pause. The economy is still worsening overall.
Unemployment is hitting close to great depression levels. We're already pushing close to 20% and quickly getting worse.
Why people say that unemployment is slowing is because the people that lost their jobs first in this depression are now falling of unemployment and therefore aren't counted anymore. The further we get into this depression, the more people will stop being counted, and im sure that the powers that be are going to hail that as a great success also.
Meanwhile, all it means is that they are no longer getting unemployment support and therefore are even worse off.
I don't know which classic i prefer most..
"If we don't pass the stimulus unemployment will go above 8%"
or
Mission Accomplished....
It's a tossup at this point. -
It's like you said about the trickle down theory popularized in the Regan era. It went like this: Make the rich ridiculously richer and maybe some of it will trickle down to the common people. Back then there was a joke about the common people being urinated on. So much for the change we heard about before the election.
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The banks are making money, GM got out of trouble, Ford is doing well,yet people are losing their jobs. We need a full employment act.-
perfect example on how messing with one part of the economy doesn't fix the entire system. You have to let the economy fix itself.
All they've managed to do is make things worse in the long run.
I'm expecting the worst is yet to come, and that will start hitting in late summer/early fall. September October should be the sharp decline. We should see "recovery" next year, but won't even be back at current levels until 2012-2013 at the very earliest, possibly later. Should they enact a second stimulus it will postpone the inevitable about another 4-7 months, but make it that much worse again. -
Considering that it is government interference creating this messy situation to begin with, something tells me more bailouts, including of the employment market, will not work. Remember: Whenever you take, someone gets robbed.
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China started two days ago with their preparation to dump us holdings. If that comes to pass full force, it's pretty much over.
We are already seeing depression level unemployment, if I'm right in predicting the next downward spiral, the "great" depression will simply be called "the little depression" -
I think we still have bad times ahead - however something I have noticed is a strange turn of events (by observation only).
As the economy gets worse in the private sector, people like my husband and I are doing much better. Funny that.
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