Porkulus isn't about economics. It's just naked politics.
He actually added a caveat each time he said the economy could improve, and the caveat was “if the stimulus works.”
Most recessions last 18-24 months, and we’re already well into this one. I expect the economy to begin recovering at the end of this year or beginning of next. Obama may slow down the recovery a bit, though.
SnakeDoc
This is like saying "there is a reasonable prospect" the terminally ill patient will recover in the next year, so long as the patient's cancer does not operate normally.
Without tax relief for bill-paying Americans, the credit and financial markets will NOT operate normally next year.
We are a Nation that reacts to words not truth.
We had theses headslines today
but as long as we have HAPPY TALK the markets go up , mind boggling isn’t it?: FACT DO NOT MATTER, JUST THE IMAGE OF ALL IS WELL:
DO THESE HEADLINES MAKE FOR AN UP-TURN IN THE MARKET AND CONSUMER CONFIDENCE?
# Bernanke fears recession could extend to 2010- Reuters
# U.S. home prices drop at record pace in December- Reuters
# Consumer confidence plummets to new low- AP
# Government looks to quell nationalization fears- AP
# AIG looking at alternatives for government loan- AP
# Yahoo and Microsoft: Deja Vu All Over Again- CNBC
# For High Earners, Tax Day May be Painful This Year- NYT.com
Home Depot reports 4th-quarter loss of $54M
Home prices post record annual decline in 4Q
Office Depot posts $1.54B loss for 4Q -
Oil well below $40; consumer confidence plunges
Target 4Q profit falls 41 percent amid downturn
Fidelity Investments’ 2008 profit falls 18 percent -
# Oil well below $40 as consumer confidence plunges- AP
# Prepare Yourself for Higher Gas Prices- T
What he meant.
He is just saying this because the stock market drops are killing any recovery. He is lying like Obama to stop the panic. Endless Stock market crashes will look bad for Obama. MSNBC Mathews said he was worried last night
I would trust a first-graders assessment of the economy before I would trust Bernanke’s
What a crackup. His words are utterly and completely meaningless, yet the market responded.
This is actually kinda funny.
....OR, it may not. Monkeys MAY fly out of my butt, but my money isn’t on THAT happening either.
Ben Bernanke must be constipated and cannot think straight. This stimulus bill will never be paid for, and Obama is a goof ball to think he can cut the deficit in half by 2012. Where are the figures to do this. He has none. It’s just rehtoric (verbal diarrhea). What was the total bill: $160,000 per man, woman, and child, in the united States.
Where will the money come from. The Black community won’t pay it.
"If actions taken by the Administration, the Congress, and the Federal Reserve are successful in restoring some measure of financial stability--and only if that is the case, in my view--there is a reasonable prospect that the current recession will end in 2009 and that 2010 will be a year of recovery."