Economic Recovery? Where?

Rational Public Radio ^ | 2/17/11 | Scott Connery

[Scottmkiv]

For years now, we have heard report after report that we are seeing "green shoots" in the economy. Things may be bad now, but the reporter sees better times tomorrow.

Our stock market valuations depend on these better times tomorrow. President Obama's outlook for the country's finances depends on an "economic boom" between now and 2013.

[screaminsunshine]

In Government.

[EGPWS]

Economic Recovery? Where?

I'll take a shot at it...

Madison Wisconsin?

[waynesa98]

The overall economic output is in fact up. But because of the stupidity of Obama and his minions, no jobs are being created, and companies are using whatever means they can to avoid hiring. This has caused productivity gains of over 8% last year, while that's great for existing businesses, it does nothing to reduce the regulatory, financial and uncertainty burdens place on new or expanding businesses. The currency war we're having with china, ie kill the $, is causing massive inflation around the globe. Most of what your seeing in the middle east is food inflation riots. China has announced a wheat crop failure. mexico, Australia, north korea, California ect have all had massive crop losses. While the USA non-food and energy inflation has been modest, food and energy has not.

Recently China has tried to boost export prices 20-50% and failed. Their bubble is about to burst and it is going to cause a global double dip. Importers are scrambling to fine new production facilities and are not having any luck. Chinese shipping future shipping is being reduced 20-50% depending on te sector. We're in for a rough ride.

[peeps36]

Berry's stimulus plan was a colossal waste of over a trillion dollars. The only thing America got from it was a big mountain of debt. Could Berry show us even a few of the things we got for our money? The signs on the side of the road don't count.

[Caipirabob]

They’re hiring commie protestors in Wisconsin.

[WesternCulture]

I'm European.

Personally speaking I wouldn't say that I, by today, nurture high hopes regarding the US economy.

This is not due to malice.

I live in Gothenburg, Sweden. Not the most glittering, glimmering and famed city in Europe perhaps, but truly a corner of the World where hard work still pays off and people seldom worry about locking their front doors three times.

My city is rather prosperous. Not only due to the success of Volvo, SKF and Astra Zeneca.

Basically, this is because we learned a lot from the fiascoes of our misdirected, unfruitful government aid to unprofitable industries during the 1970’s and early 1980’s.

Obama, probably, never has studied this sad chapter of Western history.

Unfortunately, the World's most influential nation today is repeating the mistakes made by Socialist European governments during the darkest era of my continent's history since WWII.

[pallis]

Barry’s thugocracy will have to resign before an economic recovery will occur. There will be a slow recovery beginning in 2013, building in strength for as long as conservatives retain control of the government.

[Jerrybob]

Check out this 1:35 video. It's priceless.

http://www.youtube.com/watch?v=CJu0DgpiK8c&NR=1

[4Liberty]

Rats seem to be prospering...

[Oatka]

The latest Baltic Dry Index figures - doesn't look good.

[nascarnation]

Well written.

Personally I’m excited to see Baraq campaigning on a platform of 4 more years of 10% unemployment, $4 gasoline, and surging food prices.