U.S. Recession officially over  | | | 
November 2nd, 2009, 04:15 PM
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#11 (permalink)
| | Light to Counter the Dim
Join Date: Oct 2001 Location: Long Island, NY, USA
Posts: 6,715
| Quote:
Originally Posted by MTAtech  Yes, but it will still be a slow recovery with sustained unemployment through next year. Read tomorrow's Krugman column. | It missed Friday and was in today: Quote: Too Little of a Good Thing
The good news is that the American Recovery and Reinvestment Act, a k a the Obama stimulus plan, is working just about the way textbook macroeconomics said it would. But that’s also the bad news — because the same textbook analysis says that the stimulus was far too small given the scale of our economic problems. Unless something changes drastically, we’re looking at many years of high unemployment.
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"The Bill of Rights is my Patriot Act."
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November 3rd, 2009, 01:04 AM
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#12 (permalink)
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Join Date: Aug 2003 Location: PA, USA
Posts: 18,962
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November 3rd, 2009, 01:37 AM
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#13 (permalink)
| | Senior Member
Join Date: Mar 2009
Posts: 726
| Quote:
Originally Posted by The Real Bingo What a kook. |  TRB you have a good instinct for BS...
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He either fears his fate too much, or his desserts are small, who dare not put it to the touch, to win or lose it all.
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November 3rd, 2009, 01:48 AM
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#14 (permalink)
| | Prof. of DooGlian Studies
Join Date: Oct 2001 Location: Nr. GroundZero NYC
Posts: 5,511
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California = 1/8 of the US Economy.
Highest unemployment in 75 years.
In NYC middle-class dressed people homeless.
National Guard returning to closed plants.
Recent College graduates..I don't even know.
More houses entering market.
Coming Flu season may further harm economy as hospitals fill up and public places empty.
Stock Market being sustained only by low interest rates that don't allow covering inflation.
Government figures on Cost of living decline are bogus.
No COLA for SSA recepients.
CIT enters Bankruptcy.
Bankers still demand mega-bonuses.
Government already shot its wad with previous stimulus + bailouts.
Dollar losing value.
Construction loans near impossible.
Hours cut for employed.
Restaurants in NYC raising prices to offset loss of business and pay rent.
Crummy jobs getting 300 applicants per job.
States near broke and giving out tickets --"fees of justice"-- like crazy
Banks charging this-and-that ("fee interest"), all cutting into spending money.
Yup, sure sounds like Great Recession over.
MegalosSkylaki | |
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November 3rd, 2009, 03:15 AM
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#15 (permalink)
| | Pump you sucker! Pump!
Join Date: Oct 2001 Location: Sacto, Colliefornia
Posts: 8,660
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When companies start hiring again, it will be slow since productivity increases in tough times. In other words, you learn to make do with less, so the next hires are going to be expected to earn incrementally higher outputs per dollar of wages.
So expect a generation on under employment for todays "yes, we can." youth.
Part of me wants to laugh, part of me wants to cry. Poor troutturds. Flipping burgers and learning Spanish with a 4 year degree and the student loans are due...  
Talking to one of my construction customers last week - he is willing to pay a higher starting wage for (legal) Mexicans and Russians than Americans. Basically, he isn't looking for any Americans that aren't journeyman level already.
That was not music to my ears, and should be a warning to yours.
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Obama has taken America from purported bully to notorious chump in less than a year.
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November 3rd, 2009, 03:18 AM
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#16 (permalink)
| | Senior Member
Join Date: Mar 2009
Posts: 726
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Part of me wants to laugh, part of me wants to cry.
| Yes indeed. | |
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November 3rd, 2009, 03:31 AM
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#17 (permalink)
| | Not an OWO yet, just OLD!
Join Date: Oct 2001 Location: Uh, Central Oregon
Posts: 5,721
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Recession is officially over????
Yeah Ri-i-i-g-g-g-h-h-h-h-t-t-t-t!!!!
Some one needs to find out what the officials are smoking and if the rest of the country will get rose colored glasses and the good stuff to smoke. 
Harder
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* NOSCE TE IPSUM *
* NOLI ME TANGERE * | |
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November 3rd, 2009, 03:37 AM
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#18 (permalink)
| | Senior Member
Join Date: Mar 2009
Posts: 726
| Quote:
Originally Posted by sharder8 Recession is officially over????
Yeah Ri-i-i-g-g-g-h-h-h-h-t-t-t-t!!!!
Some one needs to find out what the officials are smoking and if the rest of the country will get rose colored glasses and the good stuff to smoke.
Harder | Us US Army individuals wait with baited anticipation for a Presidential decision. After tomorrow we may get one. | |
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November 3rd, 2009, 03:49 AM
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#19 (permalink)
| | Not an OWO yet, just OLD!
Join Date: Oct 2001 Location: Uh, Central Oregon
Posts: 5,721
| Quote:
Originally Posted by Black*Dragon Us US Army individuals wait with baited anticipation for a Presidential decision. After tomorrow we may get one. | I doubt you'll be getting the Presidential decision you're hoping for.
I, and many others, are quickly losing faith in our current leadership.
Harder | |
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November 3rd, 2009, 04:05 AM
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#20 (permalink)
| | Senior Member
Join Date: Mar 2009
Posts: 726
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Originally Posted by sharder8 I doubt you'll be getting the Presidential decision you're hoping for.
I, and many others, are quickly losing faith in our current leadership.
Harder | Much to my own shame....The Joint Chefs have no faith. But because they tell you.....EVERYTHING is ROSY.
We had this war won and can still win it. As soon as the petty politics get out of our way. | |
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