U.S. recovery becoming self-sustaining

[Thunder]

http://news.yahoo.com/s/nm/20101124/bs_nm/us_usa_economy

"New claims for jobless benefits hit their lowest level in more than two years last week while consumer spending rose for a fourth straight month in October, suggesting the economy is nearing a self-sustaining recovery."

but...but...the stimulus plan has failed!!!

take that, GOP Tea-Baggers.

 

[Ziggurat]

but...but...the stimulus plan has failed!!!

I had a cold, I took a homeopathic cold remedy, and I got better. Therefore homeopathy works.

I hope you can see the flaw in that logic.

 

[deepatrax]

http://news.yahoo.com/s/nm/20101124/bs_nm/us_usa_economy

"New claims for jobless benefits hit their lowest level in more than two years last week while consumer spending rose for a fourth straight month in October, suggesting the economy is nearing a self-sustaining recovery."

but...but...the stimulus plan has failed!!!

take that, GOP Tea-Baggers.

It's nice to see...that after 4 years of Democrat rule in Congress...that the mere election of Republicans back into power in the House is being so well received and they haven't even took office yet

Thanks John Boehner!

btw, are you telling me that when the holiday season nears...consumer spending rises?? No...it can't be!

this is also of note: "The consumer spending report showed the Fed's preferred core inflation measure slipped to just 0.9 percent when measured from year-ago levels, the smallest gain on records dating to 1960. Fed officials, who are worried an unexpected shock could tip the economy into a troubling deflation, want to see inflation running around 1.7 percent to 2 percent."

To be fair though...I'll take a robust economy and give Obama ALL the credit if it happens...it just hasn't happened yet.

 

[novice skeptic]

http://news.yahoo.com/s/nm/20101124/bs_nm/us_usa_economy

"New claims for jobless benefits hit their lowest level in more than two years last week while consumer spending rose for a fourth straight month in October, suggesting the economy is nearing a self-sustaining recovery."

but...but...the stimulus plan has failed!!!

take that, GOP Tea-Baggers.

I'm sorry, but exactly where did you prove causation?

And BTW nothing would make me happier than seeing the American economy strong and robust and growing... no matter who is in charge or gets the credit. Unlike you I'm not into political scorekeeping on a forum, I'm into people having better lives.

Party on Garth.

 

[johnny karate]

In all fairness, if Obama gets the blame when things are bad, then he deserves the credit when things improve.

 

[Region Rat]

In all fairness, if Obama gets the blame when things are bad, then he deserves the credit when things improve.

So, since you think he deserved credit for the improvement, you agree that he was to blame for the bad things?

And BTW nothing would make me happier than seeing the American economy strong and robust and growing... no matter who is in charge or gets the credit. Unlike you I'm not into political scorekeeping on a forum, I'm into people having better lives.

Party on Garth.

Agreed. Party on, Wayne

 

[deepatrax]

In all fairness, if Obama gets the blame when things are bad, then he deserves the credit when things improve.

Fair...but does he and the Democrats get any of the blame when they are the ones who took control of Congress in 2007 (around the time the Economy went to ****) and were negligent in the oversight responsibilities?

Obama and Hillary were Senators then.

There's plenty of blame to go around for all...and if things do go better in the next 2 years, politically speaking Republicans will have the right to claim some part in it.

 

[johnny karate]

So, since you think he deserved credit for the improvement, you agree that he was to blame for the bad things?

I don't recall saying he deserved credit for the improvement. I'm merely making a point about consistency.

Fair...but does he and the Democrats get any of the blame when they are the ones who took control of Congress in 2007 (around the time the Economy went to $hit) and were negligent in the oversight responsibilities?

The economy didn't magically collapse overnight. The Republicans ran the country for six years and weren't exactly fiscally responsible during that time.

Obama and Hillary were Senators then.

And Bush was president.

There's plenty of blame to go around for all...and if things do go better in the next 2 years, politically speaking Republicans will have the right to claim some part in it.

Unless it's decided that things would have improved on their own, or no direct causation can be found between their actions and the improvement, in which case they receive no credit. Right?

 

[Thunder]

The stock market dropped more than 50%..on Bush's watch.

9-11 happened...on Bush's watch.

The American economy's recovery is becoming self-sustaining..on Obama's watch.

 

[Region Rat]

I don't recall saying he deserved credit for the improvement. I'm merely making a point about consistency.



The economy didn't magically collapse overnight. The Republicans ran the country for six years and weren't exactly fiscally responsible during that time.



And Bush was president.



Unless it's decided that things would have improved on their own, or no direct causation can be found between their actions and the improvement, in which case they receive no credit. Right?

I'm of the firm opinion that there's plenty of blame to go around.

 

[deepatrax]

The stock market dropped more than 50%..on Bush's watch.

9-11 happened...on Bush's watch.

The American economy's recovery is becoming self-sustaining..on Obama's watch.

yes, 9-11 happened on Bush's watch...

and here's what happened on Clinton's watch (since we're playing tit-for-tat)

Al-Qaeda:
- bombed the WTC in the mid 90's
- bombed the USS Cole
- bombed the African Embassies
- planned the 9-11 attacks
- funded the 9-11 attacks
- trained for the 9-11 attacks
- entered the U.S. to initiate the 9-11 attacks

Everything was in place by the time Bush took over as President.

yes, I know Bush got the "Al-Qaeda wants to attack the U.S." PDB...well, duh! Bin Laden said so in his 1998 fatwah!

where? when? Clinton's intelligence apparatus couldn't figure it out. Nor could Clinton's head of the CIA, George Tenet, who was also still in charge in 2001.

 

[novice skeptic]

In all fairness, if Obama gets the blame when things are bad, then he deserves the credit when things improve.

Seems pretty fair to me. I wonder then if those who bothered to click on the link and read the article will admit then that the poor showing in housing markets and long term manufacturing is Obama's fault.

If you are going to give him credit...


The article was far from the happy tune suggested by the OP.

 

[Bob Blaylock]

http://news.yahoo.com/s/nm/20101124/bs_nm/us_usa_economy

"New claims for jobless benefits hit their lowest level in more than two years last week while consumer spending rose for a fourth straight month in October, suggesting the economy is nearing a self-sustaining recovery."

but...but...the stimulus plan has failed!!!

take that, GOP Tea-Baggers.

John Turing might have thought that the stimulus plan has failed, but not Adam. John Turing probably wouldn't like Adam.

This is shocking: Muhammad Ali, along with other duelists, met a fighter, the result being that Byron met a superman who liked jellyfish who was running away from Byron's Tasmanian devil. Then cerebrality prevailed. Poor Muhammad Ali! But what would you expect from a duelist? Visceral feeler! Cough. I'll bet you haven't heard this one: A thinker physicist whispered " Get ready for an unfortunate essay, Thunder." Thunder, this is a commitment!

The stock market dropped more than 50%..on Bush's watch.

9-11 happened...on Bush's watch.

Either there isn't a reason or a fool is foolish. Einstein and I think folly is complicated, don't you? Achoo! Have you heard this one? Thunder, if the apartment of a simple theoretician is a cottage, then is the automobile of a complicated cosmologist a car?

The American economy's recovery is becoming self-sustaining..on Obama's watch.

If the American economy's recovery is becoming self-sustaining..on Obama's watch then Newton is a vile ignoramous, worse than Ivan the Terrible. An unbelieving genius often falls prey to an intelligent ignoramous.

 

[Beerina]

http://news.yahoo.com/s/nm/20101124/bs_nm/us_usa_economy

"New claims for jobless benefits hit their lowest level in more than two years last week while consumer spending rose for a fourth straight month in October, suggesting the economy is nearing a self-sustaining recovery."

but...but...the stimulus plan has failed!!!

take that, GOP Tea-Baggers.

Quite frankly, without a parallel universe without it, you have no idea, and neither does anybody else.

A peer reviewer of your scientific claim above might suggest you have to consider the downside where fear of tax increases and mucking about with increased regulations causes investors to be skittish, increasing the length of the recession.

 

[Thunder]

If the American economy's recovery is becoming self-sustaining..on Obama's watch then Newton is a vile ignoramous, worse than Ivan the Terrible.

ok

r u calling Robert Dye, a senior economist at PNC Financial Services in Pittsburgh, a liar?

 

[MG1962]

Quite frankly, without a parallel universe without it, you have no idea, and neither does anybody else.

A peer reviewer of your scientific claim above might suggest you have to consider the downside where fear of tax increases and mucking about with increased regulations causes investors to be skittish, increasing the length of the recession.

Given the lack of regulation was one of the root causes of the meltdown in first place, people need to find another excuse

 

[Thunder]

Given the lack of regulation was one of the root causes of the meltdown in first place, people need to find another excuse

don't tell the Tea-Baggers this. scrapping regulations and cutting taxes is the answer to everything.

 

[MG1962]

don't tell the Tea-Baggers this. scrapping regulations and cutting taxes is the answer to everything.

The tea party is an irrelevant politcal wet dream. They want the entire tax code reduce to some 4200 words. As soon as average America thinks more than 20 seconds about that one point, the Tea Party becomes an historical footnote

 

[lomiller]

A peer reviewer of your scientific claim above might suggest you have to consider the downside where fear of tax increases and mucking about with increased regulations causes investors to be skittish, increasing the length of the recession.

If you have an actual peer reviewed paper suggesting any of this please link it. Otherwise please refrain from posting your misguided speculation on what mainstream peer reviewed economists actually have to say

 

[Bob Blaylock]

ok

r u calling Robert Dye, a senior economist at PNC Financial Services in Pittsburgh, a liar?

I'm not. Of course not. Of course not. Calling Robert Dye a liar, that is. Beerina said that if I am calling Robert Dye a liar, then Region Rat is glum. Cough. Concerning that issue: It has been said that the frowner doesn't see things as they are, but as he is. I, of course, see things as they are. Ah yes. Beerina thought this was terrific: A smiler physicist spoke "Arrange for a strange tale, Thunder." Thunder, this is an agreement!

Either you are not smart enough even to spell simple words like “are” and “you” or I would be happy with my TSA body scan. Would you say MG1962 is programmed? Deepatrax wouldn't.