Posted on 04/09/2010 4:35:12 AM PDT by Woebama
#2 LOL!....
“I have never seen so many stores closed in the 2 malls near me in NY and NJ.”
Part of Obama’s grand plan, future IRS offices! ;-)
We just looked at our first quarter numbers yesterday.
Sales are down 40% over this time last year. And last year SUCKED.
Shouldn’t the NYT change its name to something more appropriate? Like TASS, maybe?
Although that’s not fair to TASS. They actually went on a truth-reporting spree after the USSR fell.
Federal workers may not feel any pain, but some state and local workers in my area are getting whacked with layoffs and furloughs.
Facts and figures can be made up and the NYSlimes is a prime example of that.
“The NYT is still trying to tell the rest of the us how stupid we are that we don’t see a recovery.”
And how is the NYT’s financial position improving?
BWAAAAAHHH!!!
I went 3 pages deep in the comments section and nobody is drinking the Kool Aid, not even the lefties, with the exception of a few “it’s Fox News/Rush Limbaugh’s fault” types.
What some people may be missing is that this sort of manipulation of the economy will boost it in the short run (while undermining it in the long run). People who are negative for the long run are correct. People who are negative now are probably correct unless they are big bankers. But the next few years will probably be a lot better than most people here think because socialist democrats and higher markets are not incompatible. Likewise profits from carry trade and inflationary booms go hand in hand. Of course both socialism and inflation destroy the economy in the long run.
Nope, you ain’t seen nuthin’ yet.
Yep, I agree with you. Right now in my area I am seeing a big increase in sales at Home improvement and farm stores. The going theory here is that people are spending their income tax refunds on durable goods for the home and farm.
I posted this on another thread but it is applicable here....
.....Volcker said the financial system has been “stabilized” and the economy is recovering.....
That seems to be a true statement.
The time line for the former was short.
The time line for the latter has been interrupted by meddling and political uncertainty. The slope of the recovery curve is near flat, almost parallel to the time axis. Employment and production are now fixed at a rate permitting survival and some profitability.
A breakout beyond those levels won’t come until the extent of the political damage and uncertainty is resolved.
Meanwhile, inflation is coming
Thus saith Bert
That, and just continuing to live in their houses without making mortgage payments, because the lenders refuse to foreclose because that would require recognition of their losses on the loans.
NYT windbag author ought to tell it the millions of unemployed. With the Bush tax cuts expiring and additonal taxes planned by our Marxist POTUS there is more doom ahead for American workers. By the time Obama is finished there will be no more middle class. The bureaucrats with their private health plans and the very rich will live large. Small business.......forget it. Cuba will have a better healthcare system as the RATS continue to destroy ours.
“Right now the economy is being propped up by tax dollars.”
More right than you know. Our ecomony keeps on losing jobs and productivity, yet the stock market remains high. There is an election coming and the guys in charge will use any tactic to win legal or not.
The Bush tax cuts are going to expire in January effecting a tax increase. There are new taxes coming to pay for the federalizing of the medical industry and now they are openly talking about a VAT tax.
If the dims happen to retain power in November, there will nothing to hold them back in 2011. When the taxpayer pool shrinks to nothing, then what?
The stock market is currently based on 1 trillion dollars of support from the taxpayer and a lot of whistling through the grave yard. It has been unable to convincingly break 11,000. Very odd set of circumstances.
.......The Bush tax cuts are going to expire in January effecting a tax increase........
Business growth will not occur until the effects of the tax increases are resolved and digested. That will be at least third quarter of 2012.
The economy will be flat for a long time
Schools are contemplating shorter school weeks. Others are suggesting early graduation. They're broke for the long run, and they know it.
Government pension reductions are being discussed. This is also a long term deal.
@ Half a million jobs are being lost every WEEK. Almost half a million!
Because people are doing things based on a longer term problem (no incomming tax revinue in sight), I'd say we're a heck of a lot worse off than we'd like to believe.
everyone who knows that socialism always fails knows there is not going to be a recovery.
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