Economist are just another title for glorified/overpaid salesman that are hired to pump up the economy
Just saying.
America is currently running a 342 billion dollar/year trade deficit with China.
That grows every year.
Our economy is a mess. Bring back American jobs.
Oh, idunno. Fine art, super-mansion and mega yacht sales are doing pretty good.
I work for a large industrial conglomerate. We are and have been prepping for a full blown recession by September. Worldwide, the economy is barely moving and slowing....even in China. No good news. If Iranian oil hits the market, oil will crash as well. Not good.
How can any economists have a shred of credibility after none of the saw the greatest crash since the Great Depression coming in 2008? They have never explained that colossal failure.
Well, it will improve, because they now have a better idea of how much they need to fudge the numbers.
I guess that the term, "temporary blip" is in the same arena as "temporary taxes" - two years from now, if we have a Cruz or Walker Presidency, the "blip" will start to turn around and the MSM will howl how it's too little, too late.....
If growth is at a hypothetical 100 at the end of the first quarter and grows weakly to 100.2 when it should have grown to 105, and then the 2d quarter it grows to 105.2, you have a seeming growth at the end of a third quarter of 5% over the previous quarter. In reality, you should have been at 100, 105, 110.5.
You are 5 points off, where you should have been. Is this how they do these numbers?
The phony calculations they use can’t even fix it.
Never fear people, the (2010) “Summer of Recovery” is just around the corner!
Let them talk about their “5-year plan”. Its just around the corner!
Under Obama economic growth forecasts are settled science.
It must be a bunch of obamunists parroting this line.
Everyone knows that Obama’s second five-year plan will succeed.
U.S. Steel just announced that layoffs will rise to 9,000, and much of the Gary Works will be idled.
Mittal is likely to announce a large layoff, soon.
U.S. businesses just simply cannot compete anymore, not even for specialized stuff, on the world markets anymore.
Where the hell are the damn jobs OBONGO???
Obama...The ultimate failure!
Economists promise strong growth...? Bullshit!