Recovery Summer

[buckman]

Growth is good,but it fell from 3.7 and economic growth is slowing... Scary times ahead.

[spence]

Originally Posted by buckman

Growth is good,but it fell from 3.7 and economic growth is slowing... Scary times ahead.

I'm not sure you can say that it's slowing. While growth hasn't been great, there are plenty of signs it's there.

A bigger issue is how the markets are responding to short-term data. It's like the world is "ending" or "saved" based on the last few hours of trading...and the media loves to string us along.

-spence

[Fishpart]

No Jobs, blame NAFTA and CFTA... Guess who the chosen one inherited those from (hint not Bush) and if you follow the money the root cause is the dumbocratic union base the administration is pandering to now.......

[RIJIMMY]

Originally Posted by spence

I'm not sure you can say that it's slowing. While growth hasn't been great, there are plenty of signs it's there.

A bigger issue is how the markets are responding to short-term data. It's like the world is "ending" or "saved" based on the last few hours of trading...and the media loves to string us along.

-spence

I am 100% sure you can say its slowing. The fed said it is. See this week's report?
Lots and lots of talk of a double dip recession.
Now here is where all my whining hits the road - If that happens you need to add in (from Obamas watch)
- higher taxes on the wealthy
- health care taxes/expenses
- states reliance on bailout $
- effects of higher deficit spending
- increased regulatory spend from companies
- crap housing market (its still TERRIBLE)

Add all that up and thanks to Obama and Co, we will be much, much worse than we where. Based on past experience, his solution will be to borrow, tax and stimulate. Putting us deeper in the hole and prolonging the economic downturn for DECADES

see why the party of "NO" makes sense? Repubs may not have solutions but I also think they wont be making things worse which is what this admin is doing.

[justplugit]

CNN reports- 484,000 new unemployment claims last week, highest # since Feb 20th.
Where are all the saved jobs?

4,452,000 on unemployment as of July 31st..

Not good, along with my own family, most of my friends and others I talk to have a family member or friend unemployed.