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Thread: Obama suggests recession easing [EDIT]

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    Obama suggests recession easing [EDIT]

    BBC NEWS | Business | Obama suggests recession easing
    US President Barack Obama has said there are "signs of economic progress" but underlined that times remain tough.

    Separately Federal Reserve head Ben Bernanke talked of "tentative signs" that the contraction rate was calming.

    But both men, speaking independently to students, said recovery would take time and more job losses would follow.
    The Obamarama has suggested the reccession is easing. If this is true, i see no such thing, infact i see everything getting worse. Chances are he has economic statistics on his desk in the oval office we havent had the chance to get our hands on yet that proves his case, but i havent seen any evidence of it.

    He also said 2009 would be a hard year for the US economy, when there would be more job losses, more repossessions and "more pain before it ends".
    This doesnt seem to me like job losses, more repossessions and pain will pave the way for recovery, it just sounds like it will exagerate the problem, otherwise the cause of this entire meltdown would have well been gone and done with by now, considering we have seen alot of job losses and pain over the past year or so.

    Just comforting words, or do they have real substance?
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    re: Obama suggests recession easing [EDIT]

    RealClearMarkets - AP - Markets - Apr 14, 2009 - Wholesale prices fall unexpectedly in March

    Defiance is nice....retail sales would be nicer. Dear Leader apparently isn't spending enough of my money.

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    re: Obama suggests recession easing [EDIT]

    If the recession is easing, does this mean that we can quit having our tax dollars spent on trillion $ bailouts and bonuses now?

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    re: Obama suggests recession easing [EDIT]

    Quote Originally Posted by DarkWizard12 View Post
    If the recession is easing, does this mean that we can quit having our tax dollars spent on trillion $ bailouts and bonuses now?
    Probably means doubling down on the bonuses for Wall Street's wizards and their "rescuing" of the economy....

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    re: Obama suggests recession easing [EDIT]

    Quote Originally Posted by celticlord View Post
    RealClearMarkets - AP - Markets - Apr 14, 2009 - Wholesale prices fall unexpectedly in March

    Defiance is nice....retail sales would be nicer. Dear Leader apparently isn't spending enough of my money.
    Oh, dont worry. It is. For example, by American clauses, Obama concerts, White house dogs. Petrol for that monstrosity he drives around in. Telegram thingy's.
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    re: Obama suggests recession easing [EDIT]

    Quote Originally Posted by DarkWizard12 View Post
    If the recession is easing, does this mean that we can quit having our tax dollars spent on trillion $ bailouts and bonuses now?
    No, apparently things are going to be pretty much the same this year as stated in the article (pain, job losses), yet that seems to be an indication of recovery.

    Obama is my homie, but i dunno on this one.
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    re: Obama suggests recession easing [EDIT]

    Well, let's see, what did Obie say?..

    ...oh, yeah. One of things he said was that in a recession, families tend to start cutting back on their purchases and therefore to keep the economy going the government has to steal money from the families and make purchases with that money to keep things rolling. He didn't use those exact words, but that's what he was trying to say. I think his teleprompter wasn't working as well as I would have liked it to be.

    what else did he say?...

    yeah, that....that in times of recession government has to keep things rolling by enacting - and he used this exact word - "temporary" increases in government spending. I don't know how his teleprompter writers define "temporary", but I tend to think that "never expires" doesn't match up too well.

    Then he said this real doozy. Did you know that the US government deficits are caused by "out of control health care costs"? What's Obie's solution to this amazing revelation? Why, to nationalize America's health care industry and thereby put those out of control costs on the government's budget. But....if those costs weren't on the budget, how can they be the cause of the national deficits, as Obie claims?

    How stupid do those people think their voters are?

    I think people who voted for Obama had to be pretty damn stupid.

    Looks like the Obama Teleprompter Team concurs.

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    re: Obama suggests recession easing [EDIT]

    Quote Originally Posted by Scarecrow Akhbar View Post

    ...oh, yeah. One of things he said was that in a recession, families tend to start cutting back on their purchases and therefore to keep the economy going the government has to steal money from the families and make purchases with that money to keep things rolling. He didn't use those exact words, but that's what he was trying to say. I think his teleprompter wasn't working as well as I would have liked it to be.
    That's exactly what I got out of it.

    And yet, people think this is a good idea! Damn, how the **** can anyone support this ****? I'd like to see any of the democrats here talk about my tax-cut that I am supposed to get since I make nowhere near 250, 150, or even 50k a year!

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    re: Obama suggests recession easing [EDIT]

    Quote Originally Posted by kaya'08 View Post
    BBC NEWS | Business | Obama suggests recession easing


    The Obamarama has suggested the reccession is easing. If this is true, i see no such thing, infact i see everything getting worse.
    Where are you looking? It's going to ease here before it does anywhere else.
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    re: Obama suggests recession easing [EDIT]

    Quote Originally Posted by kaya'08 View Post
    BBC NEWS | Business | Obama suggests recession easing


    The Obamarama has suggested the reccession is easing. If this is true, i see no such thing, infact i see everything getting worse. Chances are he has economic statistics on his desk in the oval office we havent had the chance to get our hands on yet that proves his case, but i havent seen any evidence of it.



    This doesnt seem to me like job losses, more repossessions and pain will pave the way for recovery, it just sounds like it will exagerate the problem, otherwise the cause of this entire meltdown would have well been gone and done with by now, considering we have seen alot of job losses and pain over the past year or so.

    Just comforting words, or do they have real substance?
    The stock market does seem to have bottomed out (hopefully). That's a leading indicator...which makes me think that the economy as a whole will probably hit bottom sometime this summer and then slowly start to rebound (assuming that the stock market actually has bottomed). Unemployment is a lagging indicator. I wouldn't be surprised if it continued to rise into next year.
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