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America's Back! Let's Just Hope Newsweek Doesn't Jinx the Recovery
Yahoo! finance ^ | April 14, 2010 | Peter Gorenstein

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 ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: america; economy; newsweek
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reeeeallly?!
1 posted on 04/14/2010 1:06:20 PM PDT by jackspyder
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To: jackspyder

And that whole unenployment thing?


2 posted on 04/14/2010 1:08:24 PM PDT by vpintheak (Love of God, Family and Country has made me an extremist.)
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To: jackspyder

Newsweak is just cheerleading for their butt-boy again. It’s disgusting.

Beck showed on his program yesterday, in this same drooling issue, an article on “right wing hate”. Yep....unbiased. Right. Check.


3 posted on 04/14/2010 1:08:24 PM PDT by RightOnline
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To: jackspyder

Jobs still fleeing overseas in our neck of the woods.
The US lost 30,000 more jobs in March if you subtract census workers.

Yep, we’re back.


4 posted on 04/14/2010 1:08:51 PM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: jackspyder

And this year’s wheat production is 110% of quota, while corn is at 122% of quota.


5 posted on 04/14/2010 1:11:41 PM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: RightOnline

I’ve subscribed to Newsweek since college. And that’s some decades. It’s just a habit linking me with my youth. But my husband has put his foot down. I just re-subscribed for two more years and he wants me to call and cancel it. He doesn’t want it in the house. He gets upset every week when he looks at the cover. And he’s the Democrat in the family. I’d like to subscribe to The Economist, but it’s just too expensive for me.


6 posted on 04/14/2010 1:11:49 PM PDT by twigs
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To: twigs

Does Newsweek still do the Periscope column? I used to think that was spot on - whatever they reported the exact opposite would prove true. :-))


7 posted on 04/14/2010 1:13:57 PM PDT by colorado tanker
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To: MrEdd

Those companies that took write-offs this quarter will definitely be heading elsewhere with their manufacturing plants. Why stay in BarryLand?


8 posted on 04/14/2010 1:14:36 PM PDT by gathersnomoss (General George Patton had it right.)
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To: jackspyder

How can America “come back”? According to the MSM America was in recession the whole eight years of the Bush administration.


9 posted on 04/14/2010 1:14:47 PM PDT by colorado tanker
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To: jackspyder

America is back, back from where? We are still living under a form of communism and are president would like to tax you out of your home and bring on BIG government. I am out of a job so how is America back?


10 posted on 04/14/2010 1:15:58 PM PDT by Red Barr (The liberals cant get over our victory!)
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To: jackspyder
reeeeallly?!

Can you imagine these people saying this if this was happening on President Bush's watch?!

Business Week is saying the same thing. I think they are trying to convince voters it's not as bad as they think which is a LIE! IMO, it's worse than we think!

11 posted on 04/14/2010 1:17:28 PM PDT by kcvl
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To: jackspyder
Which "America" would that be? Central or South?

Just Say NO To Drugs!

12 posted on 04/14/2010 1:18:11 PM PDT by FlingWingFlyer (Dude! Where's my Constitution!)
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To: jackspyder

Private sector employment has gone DOWN in 17 of the last 18 months...
barely a blip of a turnaround and we are still way below where we were job-wise.

The recession may be over, but its hardly noticable to most.


13 posted on 04/14/2010 1:20:43 PM PDT by WOSG (OPERATION RESTORE AMERICAN FREEDOM - NOVEMBER, 2010 - DO YOUR PART!)
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To: jackspyder
"The turnaround we've had since [Lehman Brothers' bankruptcy], while not completely satisfying, has been pretty remarkable,"

This is called "whistling through the graveyard".

But in the case of our current economy, the ghouls actually DO exist and they are coming.

14 posted on 04/14/2010 1:23:23 PM PDT by Bloody Sam Roberts (An armed man is a citizen. An unarmed man is a subject.)
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To: jackspyder

It’s all those millions of new jobs. Haven’t you noticed.


15 posted on 04/14/2010 1:23:28 PM PDT by Carley (I'll keep clinging to the constitution, my guns and my religion, thank you.)
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To: jackspyder

No one saw this coming? What? Back when all hell started breaking loose (End of bush term), economists were saying that, as business cycles go, the economy should be out of recession by September of 2009. So now we are in a recovery, and they are acting like nobody thought we would be here right now? WTF? Its revisionist history I say..


16 posted on 04/14/2010 1:24:59 PM PDT by Paradox (The Party of Know.)
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To: twigs

Do you use it to line the litter box? The bird cage?

You need to stay connected to your youth?

Seek help!!!! LOL.......but seriously, why would financially support an enterprise dedicated to the demise of the USA?


17 posted on 04/14/2010 1:25:07 PM PDT by Carley (I'll keep clinging to the constitution, my guns and my religion, thank you.)
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To: jackspyder

recovery... flushed korans... lying liars lying their lies.

LLS


18 posted on 04/14/2010 1:25:29 PM PDT by LibLieSlayer ( WOLVERINES!)
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To: jackspyder

Suddenly, a whole bunch of articles saying how the economy has turned around, and happy days are upon us. If they work it right, enough of the sheeple will believe them, and the self-fulfilling prophecy will take hold.


19 posted on 04/14/2010 1:29:36 PM PDT by webheart (I am a Sarah fan.)
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To: Carley

I really don’t need help, at least not that kind-LOL, but I tend to cling to things. I don’t change easily. But I have agreed not to ever renew it. I really want The Economist. Maybe I’ll ask for it as a Christmas present.


20 posted on 04/14/2010 1:30:30 PM PDT by twigs
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