Posted on 04/14/2010 1:06:20 PM PDT by jackspyder
America is Back!, Newsweek declares this week.
Cover-story author Daniel Gross says the economy is making a strong comeback, defying the odds and surprising the naysayers. "The turnaround we've had since [Lehman Brothers' bankruptcy], while not completely satisfying, has been pretty remarkable," he tells Henry Blodget in the accompanying clip.
A combination of unprecedented government intervention matched by rapid restructuring and increased productivity in the private sector has resulted in an economy stronger than anyone would have imagined just 18 months ago, Gross argues. Although the National Bureau of Economic Research - the official tracker of recessions - continues to wait to officially declare its end, Gross dismisses their hesitation, saying economic forecasters "have consistently underestimated the rate of economic growth."
Gross points to several factors to back his case:
(Excerpt) Read more at finance.yahoo.com ...
What a crock of bull.
Tell the millions that have lost their homes, are unemployed with no light at the end of the tunnel, that all is right with the world.
Obama hasn’t lifted a finger to help the economy recover. He has only focussed on paying for votes and reparations.
I can only imagine the pain that so many of our countryman have had to endure.
Now these lowlife politicians simply adjust the 10% unemployment to be the new norm, so everything is beautiful again.
It confounds me that we don’t see daily events of folks going completely postal.... those days may come.
Glad you are recovering!!! LOL
America is back, all those jobs that are posted and companies are going under, and America is back. With the daydream green jobs the liberals are screaming about and AMERICA IS BACK.
WHAT A DARK DREAM!!
someone tell newsweek to go look at the great depression stock chart and look at all the media statements after market went up and then fell another 80 percents. buckle up folks the crash is coming. http://www.businessinsider.com/one-sentence-that-explains-the-monster-banking-comeback-2010-4
Does anyone read this junk any more? I mean, other than people looking for Democratic talking points? I suspect Newsweeks’ subscription base is medical offices.
Try Forbes. It’s a much better magazine.
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