"WASHINGTON (AFP) – The US economy is "gradually" improving after the financial crisis, US Treasury Secretary Timothy Geithner said in an interview on NBC News' "Meet the Press" program, to be broadcast Sunday."
Gee that means a lot coming from the incompetent mouthpiece of the Federal Reserve who was instrumental in handing tax payer money to his buddies in the Investment Banks.
I'm very impressed every time he opens his pie hole.
The economy is improving so much that I keep seeing stories of the "Jobless Recovery" and Team Obama keeps implementing Job Killing Laws... because the United States Economy is just booming.
When will the Lamestream Media stop spoon feeding us this Bullshit?
Geithner = FAIL
Federal Reserve = SCAM
Obama = The stuff you see in the bottom of the bowel after you have a bowel movement.
Considering the world was on the brink of financial armageddon, I'll take what I can get at some point...
Why are you looking at the bottom of a bowel?
''Obama = The stuff you see in the bottom of the bowel after you have a bowel movement.''
It is important when one writes that one should always try to keep their cool. In political campaign ads attacking the opposition with low class gutter statements effect the respect of the people.
If you want to counterattack the opposition, I suggest you attack with the truth and nothing but the whole truth. Realizing who and what they are should convince you that they are bias and radical , exposing themselves to meanness and hatred for members of the opposition. Retaliate with kindness and sympathy for their inability to think and seek the truth. Seek love and peace for your fellow man!
My old teacher in high school ended the class with ‘’a word to the wise is sufficient’’. Never forgot it throughout my life, simple but memorable for all the years.
Keep hubbing , enjoy your thoughts.
He is what he is...
A spade is a spade.
Can't sugar coat it. And honestly how many people on here outside of yourself are worthy of respect?
There are some people here whom I totally disagree with, but can at least mount intelligent support for their viewpoint. But most of my Trolls are have nothing else to do. It's quite entertaining.
Seriously... I write on any given day about 150 pages of text for my business. I don't spell check everything I write here. Who would? Makes no sense at all. Yet the same old Trolls read my posts and look for Typos. Do I need to earn their respect? Hardly. These are the people that will be standing in line for Government Cheese next year and I'll be well taken care of. How many of these people are putting in 12 hour days to grow their businesses? How many would even know how to start, let alone run a business?
I seem to accumulate a lot of these Trolls who contribute nothing and enjoy spending their days following me around to show me just how smart they really are. But hey that's the difference between a LEADER and Followers.
I think the improvement is temporary. I think we are looking at a double-dip recession. The government is spending too much money, running up too high a deficit, and will have to raise taxes to pay for it.
Raising taxes hits small business, where most new job creation comes from, so unemployment will spike up again. No jobs means no consumer spending and a second recession.
We have a replay of the Great Recession underway.
In the late'20s to early 1930s the GOP was in power for 3 terms - Coolege and Hoover. The SAME conservative policies that brought on the Great Depression (very low taxes for the very rich and no government regulation as a matter of gov't policy and design) brought on the Second Great Depression.
What's amazing is that the people in FDRs time had the good sense not to return to those policies and the GOP today is actually selling (successfully) not rasing taxes on the rich and preventing gov't regulation as the CURE - when it's exactly what brought on the disease. Not once but twice.
I guess I agree with a little of something is better than nothing of nothing.
I'm horrified/scared like everyone else is about our country's future. It is terribly difficult to stay positive in a world that seems totally negative such as ours has become.
I guess we all need to stay informed and stay tuned. I've written letters to the white house and my reps and get back form letters. I guess that says quite a lot! Same answer, different day....
That's why I keep writing my funny stories I suppose - it's better than 'dwelling' on it though it is hard not to!
Doug you do know we came out of WWII in a depression and the FDR policies had failed?
And no the economy is not getting better.
What a bunch of BS that line is.
Seriously though.. The mainstream media is feeding us crap... We will all KNOW when the economy is better when we all can stop talking about it so much. Jobs aren't coming back anytime soon.
The next time you go to WalMart or McDonalds, consider who you're supporting because it's not your neighbors, it's not your local economy. By constantly consuming products from the big corporations (that can provide a lower price because they have more costumers), we're depleting the revenues for small businesses (the ones that we need to grow to spur job growth).
It's really not that complicated. It becomes confusing when we leave it up to Wall Street and the Government to fix the economy. Let's take charge. We're the consumers; START SPENDING SMART PEOPLE!!!!!!!
My adsense income has jumped 30% in the past two months without any significant increase in readership. That's $200 extra in my pocket; I would call that an improvement. Whether it means anything in terms io the greater economy, I do not pretend to know - but I'm sure all the conservatives here will insist it means things are getting worse.
Funny that these people hate the left so much they don't even want things to get better!
That has nothing to do with the economy... $200 is nothing in the big picture...
If other people in similar niches (tech) saw a similar increase, it's an indication that tech advertisers are spending more on advertising. That could be because things are awful and they have to try, but it could also be because they expect better times to come.
At some point, probably when they're in the unemployment line, people will realize that when Obama and his economic team say something that doesn't automatically make it so. The policies being implemented are taking the country backwards, or forward depending on your point of view, towards socialism or worse.
I don't think you need to worry too much about the US becoming socialist. It is still well to the right of any of Europe's Social Democracies, which themselves are far from socialist. The main financial issue is controlling the excesses of (some of) the big players and discouraging irresponsible debt at every level.
It looks the same to me now as it did when Bush kept saying that things weren't bad, and when "everyone" I knew couldn't find work and companies were laying off like crazy around around where I live (which is near the Massachusetts high-tech/high industry belt). Now, after 15 year with a company, my sister has been asked to retire early, along with some others where she works; because that's the only way they wouldn't be plain, old, laid off with a lot of other workers (because the company in trouble). Tuesday is her last day, and on Tuesday my friend will be hearing how much longer (if at all) his company also in serious trouble) will remain open before it shuts down.
Based on what I'm hearing from and about placement agencies, things are great. A placement agency my friend dealt with has now laid people off too! Granted, the people I'm talking about and others I know are white-collar and/or professionals, so I can't speak for jobs like bridge repair or McDonalds. It just doesn't look the least bit good to me (living where high-tech, new-collar, white-collar, and professional jobs were once abundant and in an area once known for loads of companies from one end of the state to the other.
For what it’s worth
President Obama and the Democrat controlled Congress just don’t understand how the economy works. The people gave the Democrats control of Congress in 2007. They, the Dems, ran on changing government to be open and to be transparent . Sounds familiar, Barak Obama said the same thing in 2008.
Every time I hear politicians say we need to tax the rich, it reminds me of how they passed a luxury tax on the rich some time ago. The auto industry, boating industry and jewelry businesses went into the dumps because the rich stopped buying luxury products.
Congress still don’t get it . Taxing businesses depresses investment, jobs and in the end the poor guy on the bottom pays more. If the people can get ahead of the propaganda, maybe they will come to understand how our government actions are partly to blame for the recession.
President Barak Obama on 7/23/10 brought up how and what he inherited from the previous administration. Some how he forgets that the Democrat party was in control (he was a member of the Senate too ) of the economy for Bush’s last 2 years ( not 4 years ). Obama spoke of the Bush tax cuts that are due to expire this year saying that the Republicans want to extend them. That’s another fallacy by this president, the minority Republicans have 0 control over the tax cuts hence to keep them or let them expire is totally the responsibility of President Barak Obama and the majority ( can pass all legislation without the need for a Republican vote ) Democrat Congress.
Note, if Obama allows the Bush tax cuts to expire he will break another campaign promise not to raise taxes on the middle class. It’s a pity that our president can’t stand on his own record of arrogance, inexperience and ineptness.
Let’s not forget Oil Moratorium In The Gulf
The Obama administration and the Democrat Congress continues to impose a moratorium on oil drilling . A federal judge on two occasions has overruled the directive by President Barak Obama. In these troubled economical times the presidents actions seem to be suspect as to why a loss of some possibly 100,000 jobs is of no concern.
Without a doubt the priorities of president Barak Obama and Democrat controlled Congress is not the jobs that they promised. The record will show that the government taking control of the economy was and still is the plan to radically change our government and constitution.
We the people must wake up and be vigilant and speak out before it’s too late.
Yes, but some of us have gone beyond restarting the machine. Some of us are philosophically opposed to a system that requires the manufacture and sale of luxury power-boats so that others can put bread on the table.
Restarting that kind of economy would just be another lost opportunity to respect our fellow citizens by organising society more fairly.
I wish I could sell my teeney weeney little house to fit my family of six, but not a chance in this economic situation.
Why not sell one of your power boats instead?
We're all in this crisis together.
It's just a pity that so many people are intent on blaming each other instead of looking at how unsustainable a debt-based perpetual growth economy has to be.
I read this book called "we had everything but money" It was about the depression. One thing that got them out of it was the desire that they had.
It was actually embarassing to be on welfare and they fought like hell to stay off of it. If you were on welfare, everyone in town knew it because it was published in the newspaper.
Not only that but their work ethics were insane for lack of union presence. The same thing happened to Germany, they just started a war to build themselves back up.
Sounds an interesting book. I'm sure that most people would happily settle for a fair deal - reasonable pay for reasonable work. It's unfortunate though that many of the more powerful corporations will cynically use a recession/depression to further force down rates of pay and worker representation.
I love how everyone was all for obama and now everyone is against him... people are so silly, thought he could magically change everything for the better. I don't know, I never liked him nor did i vote for him.
by uncorrectedvision 6 years ago
It should be obvious to the objective that the programs pursued by Barack Obama have failed. Unemployment grinds on at over 9% , even as the ranks of the hard core unemployed, no longer counted in that figure, grow and the pool of jobs continues to contract.The infrastructure repairs and...
by JON EWALL 6 years ago
When will President Obama tell the people his plan to change the economy around?
by Alex Frias 7 years ago
Question. If the Bush-era tax cuts were so popular and such the "economic reality" as it's being coined, then why did Obama fail to see this until recently. Where was his voice in favor of the Bush tax cuts 6 months ago, or even 2 years ago..?Yes Obama has always maintained...
by seanorjohn 8 years ago
Do you think a conservative government would lead us back into a recession?
by AnnCee 7 years ago
http://www.financialfeed.net/house-pass … ma/852039/Go Pubs.
by Ralph Deeds 9 years ago
Paul Krugman's column in the NYTimes today 1-5-08 is entitled "Fighting Off Depression." In it he called the recent economic numbers "terrifying," not just in the U.S. but around the world. Manufacturing in particular is plunging everywhere; banks aren't lending; businesses and...
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