FLOYD NORRIS
Didn’t they say the same thing a few months ago?
I wish they'd sort their propaganda out.
Anyways, the mixed messages point to a disaster on the horizon. They can't even sort out their pets in the media to get the story straight. This doesn't bode well for the Obama regime, they make Hugo Chavez look like a model of efficiency.
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.
Facts and figures can be made up and the NYSlimes is a prime example of that.
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.
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
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.
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.
everyone who knows that socialism always fails knows there is not going to be a recovery.
From the article:
Change a few words (Reagan to Obama, Democrats to Republicans, 1984 to 2012) and you have an accurate description of the current political climate. Could the Republicans be as wrong now as the Democrats were then?
The author reveals a complete ignorance of the differences in policies between Reagan and Obama. In 1984, tax rates had been slashed for the country's best wealth creators. Today's President is hell-bent and determined to do the complete opposite.
It's the policy, stupid. A fairer comparison would be Hoover and Obama. Both decided to raise taxes on the greatest wealth creators during an economic downturn. Both decided to implement protectionist trade policies. And both did nothing to coax an increase in investment in America. Perhaps the NYTimes can tell us how that 'appears'.
Company I work for will be announcing layoffs in the next few months...in addition to ones already done last year. Only green shoots are in gubmint jobs.
Temp hiring and an uptick in Trucking ALWAYS determine what the economy will be doing in six months.Everything in this nation moves by tractor trailers.
I work in logistics and we usually hire quite a few temps when future orders rise. Right now we have trucks sitting idle with zero future hiring for temps.
People I have worked with who have been in the industry for 30-35 years have repeatedly said this is the worst they have seen ever. Even worse then the Carter years or oil embargoes.
Full of the same as this truck.
3.5 million out of work since BO took office.
He is a hoax. The recovery is coming back in a small way DESPITE his stench. But his actions are RETARDING (yes, I used the word RETARDING) the economy, and generating mountains of debt. (More debt, I think I saw somewhere, than the other 43 presidents before him combined...)
People are coming up for air and are taking a deep breath before the real dive!
They continuely say that the numbers have improved compared to the depths of the recession. well of course, but how do the numbers compare to say five years ago?? Whatwas the unemployment rate then?