Even Pessimists Feel Optimistic About the American Economy (What Drug Has the NYT Been On?)

New York Times ^ | June 15, 2013 | Nelson D. Schwartz

[lbryce]

For more than a decade, the economy has failed to grow the way it once did. Unemployment has not stayed this high, this long, since the 1930s.

But could the New Normal, as this long economic slog has been called, be growing old?

That is the surprising new view of a number of economists in academia and on Wall Street, who are now predicting something the United States has not experienced in years: healthier, more lasting growth.

The improving outlook is one reason the stock market has risen so sharply this year, even if street-level evidence for a turnaround, like strong job growth and income gains, has been scant so far.

A prominent convert to this emerging belief is Tyler Cowen, an economics professor at George Mason University near Washington and author of “The Great Stagnation,” a 2011 best seller, who has gone from doomsayer to a decidedly more optimistic perspective.

He is not predicting an imminent resurgence. Like most academic economists, Mr. Cowen focuses on the next quarter-century rather than the next quarter. But new technologies like artificial intelligence and online education, increased domestic energy production and slowing growth in the cost of health care have prompted Mr. Cowen to reappraise the country’s prospects.

[lbryce]

Is this not the most bizarre, surreal article ever to brown-nose a president? Is it the rigor mortis setting in that has the Slimes in the throes of near death experience, its journalistic endorphins kicking in as it hallucinates writing what it considers the last greatest story for their Dear Leader?

I am absolutely certain that even in 'the Land of Oz' there are moments where things get surreal, impossible to believe. But not the New York Times. Their hypocrisy is beyond anything I've ever witnessed.

The only thing that seems to make sense is that this article is written in such an over the top way to in their hoped for desire to make amends, ameliorate the ruptured relationship caused by the Times' having insulted the president in questioning his credibility last week.

The Slimes. A joke they jut don't get.

I may never get the chance to cut off his nuts.sniff.
(As caught by Fox News open microphone of Jackson's
desire to emasculate Obama expressed in the vernacular
above.but how do you emasculate a eunuch?

The Gay Presidents' Losers Club

President Carter suggesting the country was ready for a gay
president.You mean like for for a third time? Carter, Obama,
and who knows,possibly Biden?

Ever Changing Panoply of Wonder

[DoughtyOne]

That post pretty much sums it up for me.

[Viennacon]

New York Slimes are really delusional aren’t they?

[spel_grammer_an_punct_polise]

Obama Kool-Aid.

[a fool in paradise]

For more than a decade, the economy has failed to grow the way it once did.

Bush inherited the Clinton recession from the internet stock bubble burst. Then he endured the post 9-11-2001 market drop. Things looked good for awhile, bounced back. Then Reid-Pelosi drove the economy into the ditch and used it to urge for drastic Socialist change in 2008.

Oil productivity could be better. Bring the offshored jobs home from India. Stop fighting domestic production...

[Liberty Valance]

LOL - with the real US unemployment rate around 23% i’d call it the “Willing Suspension of Disbelief”.

[HiTech RedNeck]

pure hopium!

[DoughtyOne]

Democrats in power:

Liberal happy-talk 24/7/365, bliss, everything is fare, White men are racists...

Republicans in power:

Homeless, hungry, number on welfare, nothing is fare, White men rule...

[DoughtyOne]

[DoughtyOne]

[DoughtyOne]

[HiTech RedNeck]

Dead cat bounce, if one were to entertain a bit of cynicism. The economy shrank a bit past where it needed to at this point, so it corrected a little.

Obama is very close to pure hate.

[DoughtyOne]

[mountainlion]

Did doomburg put something in the water?

[GeronL]

those must be some hard drugs

[lbryce]

Last of the Hopi

[tomkat]

             

[JustTheTruth]

Unsound money (helps to) corrupt a country.

http://tinyurl.com/kxpgys6

[faithhopecharity]

The economy always has a few bright spots. But for most normal Americans, the economy these last 3 or 4 years has been very, very difficult indeed. And we’ve lost millions of jobs in this short time. The administration erases them from the unemployment statistics reports.. as if all these millions of good people just don’t exist anymore. But, they do, they’re just without jobs now, but they do very much exist. This applies to SillyCon Valley, too, as many workers find they can’t get jobs in their “old age,” which appears to commence by year 35 or so ... the companies hire young people and of course, many immigrants too. So, there are zillions of American former workers who can’t find jobs, even in places or industries which are economically doing better than most.

You’d think all these people would be jamming any and all job-training classes they could possibly find, to get going again (and possibly in other lines of work)?

But, this is not really happening very much, or at least its not happening nearly as much as you’d think.
There is some excellent job training available, some almost for free, too.
This exists for a number of lines of work or types of jobs. We have a local real estate sales training class, open to everybody at an amazingly low fee (and even that fee is easily waived or reimbursed for almost anyone needing this). So, we’re basically giving it away. Some of the very best experts, brokers and sales agents and more... who are the most successful people in the business, not just JoeDoe types, but very top level folks who know what it takes to be successful, even very very successful. A proven course that has itself been successful and highly regarded for many years. A beautiful campus with tons of parking and easy highway access. We’ve just spend weeks trying to fill a few seats in this class. Facebook, Twitter, Newspaper ads galore all over the region, Website postings, passing out leaflets at the county fair, passing out leaflets at the shopping mall, and more. Guess what? All those unemployed people... they aren’t signing up very fast for this, or many of the other job training classes either. This class includes direct answers to individual questions how to become successful and make lots of money, answers from experts who have proven they know how to do it (like, selling 100 houses a year, or selling $270 million in a year, we’re bringing that level of expertise directly into the classroom to meet with and answer our students’ individual questions how they can best achieve good, rewarding careers too...). So, it appears that many of the unemployed really are, as the WashingtonDC administration claims, voluntarily out of the job market? I hate to believe this.... (?)
We may indeed have been “transformed” into a new economy, one where many people just don’t work anymore, whether its computer programming, car repair, carpentry, real estate, or whatever.

[Gay State Conservative]

Just did a quick google search on old Nelson and found that,among other places,his work is greatly admired by the “Occupy Wall Street” crowd and “Truthout”...two organizations that are *loud and proud* about their Maoist beliefs.