Economists forecast economy to grow in '10

[cygonaut]

The U.S. economy will expand 3.2 percent in 2010, faster than previously estimated, and begin creating jobs after the first quarter, according to a survey by the National Association for Business Economics.


http://www.pe.com/business/local/stories/PE_Biz_S_economy24.3c14066.html

 

[Gipper]

Lets hope so but under the current Marxist administration, kind of doubt it.

 

[ASPCA4EVER]

The U.S. economy will expand 3.2 percent in 2010, faster than previously estimated, and begin creating jobs after the first quarter, according to a survey by the National Association for Business Economics.


http://www.pe.com/business/local/stories/PE_Biz_S_economy24.3c14066.html

Considering the historical records have never seen anything similar to the disaster that the G.W.B. & Incorporated left us with...anything that keeps us from failing further into the bleakest depression known to mankind will be an improvement. But we'll here something entirely different from the 'screeching monkeys' among us who can't stand our current president

 

[dahermit]

Lets hope so but under the current Marxist administration, kind of doubt it.

"W" drove the economy off the cliff, now it is Obama's fault that we are falling because he is now in the driver's seat.

 

[BigRob]

We all knew the economy was going to eventually turn around. Even if we had not bailed a single company out, and offered no stimulus, the economy would turn around.

But, the sooner the turnaround the better.

 

[Gipper]

"W" drove the economy off the cliff, now it is Obama's fault that we are falling because he is now in the driver's seat.

The old liberal refrain....Its all George's fault. So weak and childish.

But you will get no argument from me about W. He did suck. After all he governed like a liberal in most cases. He was not nor was he ever a CONSERVATIVE.

BO is destroying the economy with his crazy socialist policies. Bankrupting the nation with ridiculous spending. Promoting huge entitlement programs such as Cap & Tax and Socialized Medicine aka Death Panels/Rationing for all but the elite...and the DF liberals think all this is dandy.

 

[dahermit]

Promoting huge entitlement programs such as Cap & Tax and Socialized Medicine aka Death Panels/Rationing for all but the elite...and the DF liberals think all this is dandy.

And of course none of this has passed or been signed into law. Therefore, it has not effected the current bad economy. And as for, "...Rationing for all but the elite...", the wealth have always had access to the most expensive medical procedures; it is the poor who have been subject to "rationing" by not being able to afford triple by-passes, liver transplants, etc. Ah, life is gooooooood when you are rich.

 

[top gun]

"W" drove the economy off the cliff, now it is Obama's fault that we are falling because he is now in the driver's seat.

Could not be more clear dahermit!

And you now also are getting to see EXACTLY what I said the Right would do as the things President Obama did to help keep The Bush Recession from becoming the Bush Depression start to take effect.

Watch as the... Well that all woulda all happened anyway crowd start to try and cover their butts.

When our President takes his time to make the best most informed decision... he's dithering. When he makes a decision that works... it woulda happened anyway.

Glad these guys were put out of power because who knows who the next bus full of Americans they'd have sent over the cliff would have been.


Good thread cygonaut.

 

[Gipper]

And of course none of this has passed or been signed into law. Therefore, it has not effected the current bad economy. [/QUOTE

Not so. The actions of BO and friends are destroying the economy. An out of control government has resulted in shutting down investment. The big money is on the sidelines waiting to see if BO socializes everything. Just as business did when FDR's actions lengthened the Great Depression.

 

[BigRob]

Could not be more clear dahermit!

And you now also are getting to see EXACTLY what I said the Right would do as the things President Obama did to help keep The Bush Recession from becoming the Bush Depression start to take effect.

Watch as the... Well that all woulda all happened anyway crowd start to try and cover their butts.

When our President takes his time to make the best most informed decision... he's dithering. When he makes a decision that works... it woulda happened anyway.

Glad these guys were put out of power because who knows who the next bus full of Americans they'd have sent over the cliff would have been.


Good thread cygonaut.

These numbers are very much in doubt, and the latest quarter was just reduced from 3.5% growth to 2.8%. Economies do turn around, that is a fact of life. It is not wrong to say a recovery would have happened regardless, because it would have.

The point of all this government intervention (as stated by the White House) was to create jobs and help the economy. To date there has been little job creation, and the economy remains sluggish at best. Even Krugman is predicting a very slow recovery, which is not the normal recovery.

 

[pocketfullofshells]

The old liberal refrain....Its all George's fault. So weak and childish.

But you will get no argument from me about W. He did suck. After all he governed like a liberal in most cases. He was not nor was he ever a CONSERVATIVE.

BO is destroying the economy with his crazy socialist policies. Bankrupting the nation with ridiculous spending. Promoting huge entitlement programs such as Cap & Tax and Socialized Medicine aka Death Panels/Rationing for all but the elite...and the DF liberals think all this is dandy.

the old Liberal refrain...also known as, what actuly happened....

 

[pocketfullofshells]

These numbers are very much in doubt, and the latest quarter was just reduced from 3.5% growth to 2.8%. Economies do turn around, that is a fact of life. It is not wrong to say a recovery would have happened regardless, because it would have.

The point of all this government intervention (as stated by the White House) was to create jobs and help the economy. To date there has been little job creation, and the economy remains sluggish at best. Even Krugman is predicting a very slow recovery, which is not the normal recovery.

fact is alot of the stuff is just now starting to kick in, and also we have no idea how bad it could be right now without it....And some people suggest that the problem was it was to small a stimulus, not to much still.

And the bail outs under Bush of the banks...yes we could recover, but it would be a long long time...I know how much personaly I have lost in income due to the squeeze on lending by the banks to people and my company I work for itself. If the banks have gone under , I am pretty sure my company would have had a hard time staying above water due to the need to have short term loans for stock/inventory. We already are having a hard time as it is with what they are giving us since the crash.

 

[Pidgey]

No, there's no recovery if you take into account the permanent rise in the cost of oil and a few other things. There HAS been a heckuva' pump job to make people THINK there's a recovery in progress. It cracks me up, though, that the same people who are always harping about how bad it is that companies make a profit in the first place are now hoping like mad that companies will start making profits again for the sake of jobs. You'd think they'd do a better job of connecting the dots but... oh, well!

Seriously, there's some REALLY bad karma out there and I've tried to post all kinds of factual AND verifiable data on it but many folks on here would rather go with that stupid BS that comes out of the mainstream media. Well... when you start seeing sovereign debt defaulting (think: Dubai) and other bigtime players like that, you're in REAL trouble in a thousand more ways than most of the folks on this board even know exist. Nevermind the fact that peak oil WILL take out the world's economy as surely as the sun rises, a VERY large portion of this crisis goes back to whichever dumba$$ president repealed Glass-Steagall and allowed the creation of derivatives.

 

[BigRob]

fact is alot of the stuff is just now starting to kick in, and also we have no idea how bad it could be right now without it....And some people suggest that the problem was it was to small a stimulus, not to much still.

So you are sold on spending trillions of dollars based on the idea "it might be worse if we don't"? How about if we raise your taxes 50% because it "might be worse if we don't? Maybe we ought to invade someone because it "might be worse if we don't."

Many economists argue it would have been no worse if the government just stayed out, and the estimates Obama stated would happen with the stimulus have not been true.

And the bail outs under Bush of the banks...

Bush simply continued the American tradition of bailing out banks.

yes we could recover, but it would be a long long time...

Says you.. many economists disagree. Many also claim that the recovery would have been better had we let some banks fail.

I know how much personaly I have lost in income due to the squeeze on lending by the banks to people and my company I work for itself. If the banks have gone under , I am pretty sure my company would have had a hard time staying above water due to the need to have short term loans for stock/inventory. We already are having a hard time as it is with what they are giving us since the crash.

Not all banks were going to go under, those that did not hand out bad loans and get involved in risky lending are and were fine. Many banks continued to loan all throughout the crisis. That is how the system ought to work. Banks that made bad choices should take a hit.

 

[PLC1]

More good news about the economy

U.S. pending home sales highest in 3-1/2 years

still more:



Wall Street closes higher; Dow at 14-month high

Obama supporters will credit the stimulus, of course, while his detractors will say there is no connection. There is no way to prove that one way or the other. Nevertheless, it is somewhat disingenuous to continue to wail about the recession and how it can't possibly be over while Obama and his "Marxists" are in power, isn't it?

Not that being disingenuous is going to discourage anyone so inclined.