USA Out of Recession?

[DrewWilson]

I've been hearing about this lately. It's gold to me because the contastant policial drum beat around here is how Canada is so super duper awsome and that Canada will get out of the recession the fastest because of our awsome government.

I can't wait until a few countries go, "Whew, finally out of this" just to prove that the political drum beat is proven false because the rhetoric and propaganda is annoying me to no end.

[mountain_rage]

Originally Posted by DrewWilson

I've been hearing about this lately. It's gold to me because the contastant policial drum beat around here is how Canada is so super duper awsome and that Canada will get out of the recession the fastest because of our awsome government.

I can't wait until a few countries go, "Whew, finally out of this" just to prove that the political drum beat is proven false because the rhetoric and propaganda is annoying me to no end.

Recession, what recession? My province saw growth in its economy, although they did say the economy slowed its growth, we still made out without any negative effect. Its all thanks in part to the culture, apparently people in my province tend to borrow less money, and bought houses below what is apparently their market potential. It is really kind of funny because corporations pegged Manitoba as a province that is hard to do business in, but the issues they complained about it what kept us strong. It seems the resilience has spurred new interest in the province.

[Mels_Smileys45]

My work is double or triple what it usually is this time of year so yeah, I think it is OV. My job is related to the construction business and orders are WAY WAY up. Looking ahead to January the orders fall off sharply but by the time the new years arrives more people may have ordered shite!

I think we have turned a corner and dodged the proverbial bullet yet again. Well, some people did not dodge the bullet. Some people actually put bullets in their entire family like GD idiots on fire. Boy do they look like heroes now or what? I hope my dad never does me such a HUGE favor...

[don webb]

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Yep, we're in Great Shape............

Unemployment hit a 26-year high of 9.8 percent in September, and the October report due next week could show it topping 10 percent with some 3 Million jobs having been lost since Congress approved the stimulus program.

Forty-three states reported job losses in September, while only seven gained jobs, the Labor Department said Wednesday.

Friday, the Commerce Department reported a 0.5 percent decline in consumer spending in September, the biggest since last December.

Regulators shut down nine more banks Friday boosting the number of failed U.S. banks this year to 115 as the still-weak economy produces a stream of loan defaults.

U.S. commercial property sales are forecast to fall to the lowest in almost two decades as the industry endures its worst slump since the savings and loan crisis of the early 1990s according to a recent Bloomberg report.

Delinquencies on commercial real estate loans will be the next hot spot of potential trouble regulators say.

With Obama’s all time record $1.4 Trillion “budget deficit” how to pay the costs doesn’t even enter his mind or does it matter, he won’t be in office when most of that happens anyhow?

There isn’t a sucker born every minute. At that rate, it would take nearly 600,000 years to equal the U.S. population, and we’ve become a nation of suckers much faster than that.

The aint even hit the fan yet....

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[Excrement_Cranium]

So, let's see.

Let's look beyond the typical conservative spin.

Let's ignore the "stimulus is working" (Obama's own "mission accomplished") and look at the single thing that makes the "recession is over" talk seem more feasible - for the first time in 5 fiscal quarters, the US GDP has grown. Durable goods are again rising on the commodities market.

Employment rates will continue to fall. Employers follow supply and demand, and they won't supply more employment until upset customers demand they get some more help in there so their orders can be completed faster. In other words, until business recovers, and then grows in addition to recovery, employers won't tend to hire. It's what economists call "normal," and the people who write the ticker tape that Don translates into "his" opinion call "Obama's fault."

[barbanza]

Originally Posted by don webb

.
Yep, we're in Great Shape............

Unemployment hit a 26-year high of 9.8 percent in September, and the October report due next week could show it topping 10 percent with some 3 Million jobs having been lost since Congress approved the stimulus program.

Forty-three states reported job losses in September, while only seven gained jobs, the Labor Department said Wednesday.

Friday, the Commerce Department reported a 0.5 percent decline in consumer spending in September, the biggest since last December.

Regulators shut down nine more banks Friday boosting the number of failed U.S. banks this year to 115 as the still-weak economy produces a stream of loan defaults.

U.S. commercial property sales are forecast to fall to the lowest in almost two decades as the industry endures its worst slump since the savings and loan crisis of the early 1990s according to a recent Bloomberg report.

Delinquencies on commercial real estate loans will be the next hot spot of potential trouble regulators say.

With Obama’s all time record $1.4 Trillion “budget deficit” how to pay the costs doesn’t even enter his mind or does it matter, he won’t be in office when most of that happens anyhow?

There isn’t a sucker born every minute. At that rate, it would take nearly 600,000 years to equal the U.S. population, and we’ve become a nation of suckers much faster than that.

The aint even hit the fan yet....

.

So that means we are in the best shape ever lol

[don webb]

Originally Posted by Excrement_Cranium

So, let's see.

Let's look beyond the typical conservative spin.

Let's ignore the "stimulus is working" (Obama's own "mission accomplished") and look at the single thing that makes the "recession is over" talk seem more feasible - for the first time in 5 fiscal quarters, the US GDP has grown. Durable goods are again rising on the commodities market.

Employment rates will continue to fall. Employers follow supply and demand, and they won't supply more employment until upset customers demand they get some more help in there so their orders can be completed faster. In other words, until business recovers, and then grows in addition to recovery, employers won't tend to hire. It's what economists call "normal," and the people who write the ticker tape that Don translates into "his" opinion call "Obama's fault."

In simple terms, “Normal” would be, if you invest $1 you have to make $1 to get back to 0, to increase the GDP you need to make more than that $1.

The way the GDP accounts for government spending is totally biased, it’s much tougher on the private sector spending and like comparing apples to oranges.

A 3.5 percent growth in the 3rd quarter “sounds good,” that’s an increase of around $150.3 Billion but let’s hold off on that party.

The Bureau of Economic Analysis emphasized that the third-quarter advance estimate released is based on source data that are incomplete or subject to further revision by the source agency. The "second" estimate for the third quarter, based on more complete data, will be released on November 24, 2009.

I sure hope it’s different from those last job estimates that were off by the Thousands!

But anyways, using this incomplete data, to those paying attention, “people who write the ticker tape” these numbers include government spending “not normal” and just happens to be around $174 Billion dollars (your stimulus at work)

So, it turns out the amount of cash the government injected in the economy happens to “exceed” the current GDP increase but they call this a GAIN?

I don’t know where you or these economists you speak of went to school, but where I went this is a “$23.7 Billion loss”, without any interest tacked on, Opps…!!

But we still have Obama’s 2009 record deficit of $1.4 Trillion, an increase of 212% over last year, four times the previous record of 2008 and the worst year on record since World War II.

And, as long as we’re talking about what is “normal,” normal is that government cost estimates/projections aren’t worth the paper they are printed on, never have been and never will be. They’re largely bogus, government programs rarely cost what is predicted.

So, we “know for a fact” these estimates/projections will be much higher.

You must understand the Government has no money of its own it produces absolutely nothing,, (well, a lot of CO2 I guess) only what it confiscates in the form of Taxes to pay off this debt, and let us not forget the interest on that debt?

FYI, according to the (CBO) Congressional Budget Office, the interest payments on government debt this year alone will be $172 Billion.

Now Obama has promised not to raise taxes on Americans making less than $250,000 a year, you remember that 95% don’t you, sticking the other 5% with the tab.

Those who just happen to create 70% of the so badly needed private sector jobs that would show some realistic GDP growth.

One year in where “Hope n Change” has come, it has been incremental, not the stuff of a glorious presidential legacy.

Obama's "mission accomplished.”...

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[DrewWilson]

Originally Posted by don webb

In simple terms, “Normal” would be, if you invest $1 you have to make $1 to get back to 0, to increase the GDP you need to make more than that $1.

The way the GDP accounts for government spending is totally biased, it’s much tougher on the private sector spending and like comparing apples to oranges.

A 3.5 percent growth in the 3rd quarter “sounds good,” that’s an increase of around $150.3 Billion but let’s hold off on that party.

The Bureau of Economic Analysis emphasized that the third-quarter advance estimate released is based on source data that are incomplete or subject to further revision by the source agency. The "second" estimate for the third quarter, based on more complete data, will be released on November 24, 2009.

I sure hope it’s different from those last job estimates that were off by the Thousands!

Correct me if I'm wrong though, but if the GDP goes up, then that's the technical definition of not being in a recession. Doesn't matter how much. It could be that the GDP goes up by a penny, but by technical definition, it's still growth nevertheless. It has nothing to do with jobs (employment in many other countries will still go down long after they are technically out of the woods) but has to do with the money - namely the GDP.

I agree on the sentiment that it sure as hell doesn't feel like we are out (I haven't seen the stats in Canada) and it won't for a long time, but at least the rich people will be getting richer again. For the most part, that's all who politicians, regardless of which side of congress they sit at, really care about these days anyway.

[Excrement_Cranium]

Definitions and facts mean nothing in the face of operating a machine that is nothing more than anti-government, and amplifies it's anti-government stance in the face of Democratic administrations and majorities.

These people don't want democratic rule, rule of the people. They want aristocratic, bureaucratic rule of corporations. And that's the truth of who holds the power in a republic - in other words a government of selected citizenry.

That being said, the US was originally a republic - republican government is definitely business friendly, as it's the businessmen who run it.

Then again, I don't think you could really call our system of "he who spends the most money campaigning" democratic.

[Mucci Man]

Unemployment is still high in the US. People won't believe it's over until unemployment goes down.

[don webb]

Originally Posted by Excrement_Cranium

Definitions and facts mean nothing in the face of operating a machine that is nothing more than anti-government, and amplifies it's anti-government stance in the face of Democratic administrations and majorities.

You got that right...........


Big Government didn’t make this country what it is, and the Democrats won’t give up until they have everyone in the country dependant upon that Big Government which is their “Operating Machine.”

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