gatorw: Can the democrats scam of telling us the recession is over actually work?
Our government is lying to us and telling us the recession is over when it clearly is not. Will this scam work? By getting people to think the recession is over, can it actually cause people to spend more and actually end the recession for real?
Answers and Views:
Answer by SOUTH LAKE
I don’t think its working . The real recession is measured on housing sales , auto sales and consumer confidence not speculation bets on stocks .
I don’t think their fooling anyone except for a few gullible Obama die hard roobs .
There is a pretty strict economic criteria for what makes a recession. Three (or more) consecutive quarters of no or negative economic growth I believe is the rule.
Since we’re now showing signs of such growth, by the technical definition the recession does appear to be winding down.
Does that mean that everything is magically all better overnight? No, of course not. Economics is as much faith-based as fact-based. Unfortunately job growth is the very last thing to come along after an economic recovery. We’re going to have to tough it out until businesses feel confident that their dark days are over.
Answer by Chewy IvanI haven’t heard anyone in government say the recession is over. Obama said the recession is abating, but that means “slowing down” not “over.”
Sorry, but your scam of telling us that the Democrats are telling us the recession is over won’t work for this American.
Answer by mayna_smo_mryonly thesheep believe that .Answer by George
There is no scam except the one you are trying to pull but your lies are so laughable no one believes youAnswer by geepers
Stupid people elected OBAMA and stupid people will believe the recession is over.Answer by johninjc
I think that is what the White House was hoping, that they could temporarily prop up the economy and regain consumer confidence and start the economy growing again. It does not look like it worked. It did give us a small boost the the economy, the GDP did grow 3.5% this quarter but it will not continue because most of the growth came from Cash for Clunkers and $ 8000 first time home buyers credit. Cash for Clunkers is already over and the credit is due to expire in November.
Even with people trying to hurry and take advantage of the credit home sales have gone up but new home starts have slowed.
Yesterday the stock market gained a large gain because the GDP growth number came out. Today it dropped 250 points on news that it was not due to the private sector spending. People are still worried about the economy because most see that it is just being propped up by government spending and don’t see any jobs being created. Instead they see unemployment growing and are hanging on to their money and paying down debt instead of spending on new things.
https://money.cnn.com/2009/10/29/markets/markets_newyork/index.htm?section=money_latest
Dow’s best day in 3 months
A better-than-expected jump in third-quarter economic growth fired up the bulls, putting the blue-chip indicator and the S&P 500 at 3-month highs.
October 29, 2009: 6:06 PM ET
US STOCKS-Wall St sinks on recovery fears, financials
Fri Oct 30, 2009 4:42pm EDT
Analysts said there were doubts that the recovery would be strong enough to justify higher stock prices a day after government data showed the economy returned to growth in the third quarter.
“There’s still some systemic risk to the environment,” said Anthony Conroy, head trader for BNY ConvergEx, an affiliate of the Bank of New York, in New York.
“You need growth, you need a healthy financial system to have a healthy economy. There are questions out there about how things go from here. Right now the government is fueling the system with cash. That can’t last forever.”
https://abcnews.go.com/Business
Economic Benefits of Stimulus: Been There, Done That?
The Stimulus Isn’t Expected to Do Much More to Bolster the Economy
Oct. 24, 2009
Romer: Impact of stimulus will level off next yearOctober 22, 2009 2:07 PM ET
WASHINGTON (AP) – The government’s economic stimulus spending has already had its biggest impact and probably won’t contribute to significant growth next year, a top White House adviser said Thursday.
Christina Romer, the chair of President Barack Obama’s Council of Economic Advisers, said the initial jolt of the $ 787 billion stimulus expanded the economy in the second and third quarters of this year. But she said the remaining spending will simply keep the economy from slipping.
“By mid-2010,” she said, “fiscal stimulus will likely be contributing little to further growth.”
Answer by BubAnti American Commies are trying to extend the recession by all this negatism. The economy is healing and positive energy and thinking leads to increased spending patterns which leads to increased hiring which hastens the end of the recession. Several times the Fed has been gloom and doom and it has led to minor recessions. This one can be beaten if we decide, like after the attacks, to not be beaten by the enemy. Work, buy, spend, pay, enjoy your life, don’t be negative, be positive that we are coming out of this stronger and soon. Negativity is bad for America. Peace.Answer by James E Lewis AKA choteau
Republicans have bet the farm on killing any recovery. When it is proved that the reovery is going strong it will be another nail in their parties coffin.Answer by Sam
It will take twenty years to undo what W did to our country.Answer by weebler76
It’s not just the Dems scamming us it’s all of them and it’s our fault for not holding them accountable.
It can help some, but it’s not what’s going to pull us out. The thing is that whenever the media goes on about how we’re going into a recession people stop buying things and that either causes or speeds up the recession. When they say the recession is over then people start spending money again. The problem is that the 12 million people plus who have lost their jobs and the business owners struggling to make payroll don’t have any money to spent. It will be some time before they see any benefit from the spending of the people who made it through unharmed. Anyone who is saying the recession is over just isn’t paying attention. This whole thing started with ARMs adjusting and caused a domino effect. There are more ARMs scheduled to adjust next year than there were when this mess started. Those who actually keep up with the economic trends and use their brains are saying that we will go into a deep depression in the next couple of years.
In order for things to be fixed the following things must happen:
1. People exercise some self discipline and take personal responsibility instead of expecting government to bail them out.
2. People must wake up and see that we are not in the industrial age anymore and our industrial age educational system must be reformed. They must also realize their industrial age ideas about money no longer work.
3. Stop listening to the news and go to the source to get the truth. News outlets exists to sell advertising, not report the truth.
4. HOLD ELECTED OFFICALS ACCOUNTABLE. Anyone who is not demanding accountability from their elected officials is as much a part of the problem as the jokers in Washington.
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