GOP's nightmare - stimulus is working!

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netrox

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The economy is showing signs of improvements thanks to STIMULUS!

"Government efforts to funnel hundreds of billions of dollars into the U.S. economy appear to be helping the U.S. climb out of the worst recession in decades."

"Many forecasters say stimulus spending is adding two to three percentage points to economic growth in the second and third quarters, when measured at an annual rate."

"For the third quarter, economists at Goldman Sachs & Co. predict the U.S. economy will grow by 3.3%. "Without that extra stimulus, we would be somewhere around zero," said Jan Hatzius, chief U.S. economist for Goldman."

U.S. Economy Gets Lift From Stimulus - WSJ.com

GOP wants the economy to be bad for the next election but from the rate it's going on, it looks like Obama will have an excellent chance for a second term presidency. :)
 
netrox said:
The economy is showing signs of improvements thanks to STIMULUS!

"Government efforts to funnel hundreds of billions of dollars into the U.S. economy appear to be helping the U.S. climb out of the worst recession in decades."

"Many forecasters say stimulus spending is adding two to three percentage points to economic growth in the second and third quarters, when measured at an annual rate."

"For the third quarter, economists at Goldman Sachs & Co. predict the U.S. economy will grow by 3.3%. "Without that extra stimulus, we would be somewhere around zero," said Jan Hatzius, chief U.S. economist for Goldman."

U.S. Economy Gets Lift From Stimulus - WSJ.com

GOP wants the economy to be bad for the next election but from the rate it's going on, it looks like Obama will have an excellent chance for a second term presidency. :)
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Now I wait with bated breath for our friendly neighborhood conservative to debunk your post.
 
The real question...will the economy continue to improve after the stimulus vaporizes?
 
Make that three waiting with bated breath.
 
deafskeptic said:
Now I wait with bated breath for our friendly neighborhood conservative to debunk your post.
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LOL, too! I wonder what he would say on this. Remember the first stimulus was started under President Bush (the younger) in 2008.
 
sequoias said:
Vaporize when it's not needed anymore like the Cash for Clunkers program ended.
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Ah.. Thanks for the explaination... We'll see what happens and hopefully the economy will be strong enough by then not to need it anymore.
 
Totally a liberal here but I follow financial news closely. One of the biggest issues now is what happened to the toxic assets. Someone has to be left holding the bag and it's not the shareholders (think: taxpayers).

New accounting rules will require entities to put deal with off-balance-sheet toxic assets. The toxic assets will be going back on the balance sheets. (See Reckoning for off-book assets (The Deal Magazine)).

The too-big-to-fail banks are now biggerest. The FDIC puts smaller banks into receivership on Friday afternoon so that the closings don't generate a lot of media attention. So far, the FDIC has taken over 15 banks. There are 416 banks in the FDIC problem bank list.

All of this will make it harder for businesses to get loans, which means that businesses will not expand, which means that businesses won't hire or give raises, which means consumers won't spend, etc.

Layoffs continue. Get the round up at Daily Job Cuts - Layoff News , Job Layoffs & Losses, Bankruptcy, Store closings and other Business Economy News Some companies are sending the layoff jobs overseas. I haven't seen an actual number or percentage of how many jobs are being off-shored.

In short, no one has changed the structure of our economy for a real solution. Congress has enacted no regulations to prevent what has happened. The federal cabinet members are one and the same as the Wall Street banks (foxes guarding the hen houses).

Where is the change that I ordered? More troops to be sent to Afghanistan even though George Wills has spoken out in support of withdrawal. What's the Russian word for giant quagmire? Apparently, we'll find out.

I would love to be wrong on this! Please prove me wrong!

P.S. my nemesis, our resident arch-conservative, always says that I don't know what I'm talking about but never seems to have facts that contradict me--I'd love for him to prove me wrong about this! :wave:
 
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sallylou said:
Totally a liberal here but I follow financial news closely. One of the biggest issues now is what happened to the toxic assets. Someone has to be left holding the bag and it's not the shareholders (think: taxpayers).

New accounting rules will require entities to put deal with off-balance-sheet toxic assets. The toxic assets will be going back on the balance sheets. (See Reckoning for off-book assets (The Deal Magazine)).

The too-big-to-fail banks are now biggerest. The FDIC puts smaller banks into receivership on Friday afternoon so that the closings don't generate a lot of media attention. So far, the FDIC has taken over 15 banks. There are 416 banks in the FDIC problem bank list.

All of this will make it harder for businesses to get loans, which means that businesses will not expand, which means that businesses won't hire or give raises, which means consumers won't spend, etc.

Layoffs continue. Get the round up at Daily Job Cuts - Layoff News , Job Layoffs & Losses, Bankruptcy, Store closings and other Business Economy News Some companies are sending the layoff jobs overseas. I haven't seen an actual number or percentage of how many jobs are being off-shored.

In short, no one has changed the structure of our economy for a real solution. Congress has enacted no regulations to prevent what has happened. The federal cabinet members are one and the same as the Wall Street banks (foxes guarding the hen houses).

Where is the change that I ordered? More troops to be sent to Afghanistan even though George Wills has spoken out in support of withdrawal. What's the Russian word for giant quagmire? Apparently, we'll find out.

I would love to be wrong on this! Please prove me wrong!

P.S. my nemesis, our resident arch-conservative, always says that I don't know what I'm talking about but never seems to have facts that contradict me--I'd love for him to prove me wrong about this! :wave:
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You raise some excellent points. Some of the issues that you have mentioned worry me.
 
ah, deafskeptic, punch a whole in my analysis somewhere! I'm desperate for some green shoots! :wave:
 
sallylou said:
Totally a liberal here but I follow financial news closely. One of the biggest issues now is what happened to the toxic assets. Someone has to be left holding the bag and it's not the shareholders (think: taxpayers).

New accounting rules will require entities to put deal with off-balance-sheet toxic assets. The toxic assets will be going back on the balance sheets. (See Reckoning for off-book assets (The Deal Magazine)).

The too-big-to-fail banks are now biggerest. The FDIC puts smaller banks into receivership on Friday afternoon so that the closings don't generate a lot of media attention. So far, the FDIC has taken over 15 banks. There are 416 banks in the FDIC problem bank list.

All of this will make it harder for businesses to get loans, which means that businesses will not expand, which means that businesses won't hire or give raises, which means consumers won't spend, etc.

Layoffs continue. Get the round up at Daily Job Cuts - Layoff News , Job Layoffs & Losses, Bankruptcy, Store closings and other Business Economy News Some companies are sending the layoff jobs overseas. I haven't seen an actual number or percentage of how many jobs are being off-shored.

In short, no one has changed the structure of our economy for a real solution. Congress has enacted no regulations to prevent what has happened. The federal cabinet members are one and the same as the Wall Street banks (foxes guarding the hen houses).

Where is the change that I ordered? More troops to be sent to Afghanistan even though George Wills has spoken out in support of withdrawal. What's the Russian word for giant quagmire? Apparently, we'll find out.

I would love to be wrong on this! Please prove me wrong!

P.S. my nemesis, our resident arch-conservative, always says that I don't know what I'm talking about but never seems to have facts that contradict me--I'd love for him to prove me wrong about this! :wave:
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You raise excellent points, sallylou. My philosophy is that change is not like Instant Breakfast. It takes time. Unfortunately, change intended to remediate often takes much longer than it did to create the mess to begin with. Creating the mess usually is the result of lack of forethought and planning. Productive change requires both.
 
still no response from our resident arch-conservative? :scratch:
 
sallylou said:
ah, deafskeptic, punch a whole in my analysis somewhere! I'm desperate for some green shoots! :wave:
Click to expand...

I'm no economist though I'm interested in the subject. I'm afraid I'm the wrong person to ask! I can't see any holes in what you have posted.
 
I really sincerely hope this will be successful in the long run because people losing their jobs and homes shouldnt be somthing that people hope for just to win seats. If there are politicans hoping for the economy to remain bad just to win votes, they are sick fuckers. Pardon my language.
 
Cash for clunkers did it help Detroit? This is a serious query, not smarty. I had hoped that it would provide jobs for auto industry.
 
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