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Thread: Economy soars 5.7 percent, fastest in 6 years

  1. #11
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    Re: Economy soars 5.7 percent, fastest in 6 years

    tell it to ap and msnbc

    they're honest

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    Re: Economy soars 5.7 percent, fastest in 6 years

    Quote Originally Posted by The Prof View Post
    tell it to ap and msnbc

    they're honest
    do you agree that a full recovery will take time? or do you expect obama to snap his fingers, and have everything fall into place?

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    Re: Economy soars 5.7 percent, fastest in 6 years

    Quote Originally Posted by Hatuey View Post
    So who's policies does this have to do with?
    No clue, plus it would be overly simplistic to say it was entirely one person's policies anyways. But I'm certainly not going to pretend it was GWB's.

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    Re: Economy soars 5.7 percent, fastest in 6 years

    Quote Originally Posted by Hatuey View Post
    So who's policies does this have to do with?
    I'd say it's the result of the aggregate "policy" of millions of people making individual economic decisions on a daily basis. As most economic conditions are. Including bad ones.
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    Re: Economy soars 5.7 percent, fastest in 6 years

    Quote Originally Posted by Hatuey View Post
    Economy soars 5.7 percent, fastest in 6 years - Yahoo! News



    I wonder whether this can be in any way attributed to Obama's stimulus or not. Regardless of how much credit one can attribute to the CinC I am sure we will see people looking for something wrong with economic growth.
    This recovery is due to businesss restocking their depleted inventory, this will only be a short bump. Most business now have moved to basically a three day inventory, opposed to perhaps a 2 week inventory as was done before. The hiring of census workers to the tune of 1 million will also give a bump to the employment roles, but only for one working season.

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    Re: Economy soars 5.7 percent, fastest in 6 years

    The economy may have grown, but unemployment is still rising. I would argue that the market is fixing itself slowly. Obama's stimulus did no good and only brought harm to this nation. When hyperinflation happens he'll probably blame it on Bush too. Such an arrogant man child...

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    Re: Economy soars 5.7 percent, fastest in 6 years

    We would be in the midst of the second Great Depression if Bush and Obama hadn't fostered the Stimulus bills. The majority of Republicans who later opposed stimulus efforts only did so in order to get as much political mileage out of the deficits as they could. If the policies they pretend to endorse had actually been implemented, it would have been exactly like the policies that made the first Depression so much worse.

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    Re: Economy soars 5.7 percent, fastest in 6 years

    Quote Originally Posted by digsbe View Post
    The economy may have grown, but unemployment is still rising.
    Unemployment is a lagging indicator of the direction of the economy.

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    Re: Economy soars 5.7 percent, fastest in 6 years

    Obama is moving completely in the opposite direction to economic recovery, growing the goverment and it's projects have to be subsidized by taxpayers, no employment no taxpayers.

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    Re: Economy soars 5.7 percent, fastest in 6 years

    Quote Originally Posted by Dezaad View Post
    We would be in the midst of the second Great Depression if Bush and Obama hadn't fostered the Stimulus bills.
    Not according to Obama.



    It's a ridiculous assertion with absolutely no proof or basis anyways.

    The majority of Republicans who later opposed stimulus efforts only did so in order to get as much political mileage out of the deficits as they could.
    Right, they couldn't possibly be actually opposed to the bill. People voting their minds, what a ridiculous thought. After all, Republican politicians have completely different opinions than regular Republican people, most of whom opposed the stimulus.

    If the policies they pretend to endorse had actually been implemented, it would have been exactly like the policies that made the first Depression so much worse.
    What, tariffs and regulation? I have yet to hear Republicans "pretend to endorse" such things.

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