House economy page 10

possible to make food packaging all the same? waste less energy?

Barriers to entry for the restaurant industry?

Why is deflation not the norm?

if China gets (the majority of) its wealth from exports to other nations..how does it allow those same?

Which type of society would you prefer to live in?

what is the equilibrium level of real GDP?

Inflation, Economy, Gross Income?

Microeconomics: The level of aggregate expenditures in a mixed open economy is comprised of:?

Generator Engine Back Fires from Exhaust when turned off?

Weren't we already on the road to recovery and the recession's end? Worst Recession Since the 30s Will end in 2009 (1/2/09) http://www.businessweek.com/the_thread/hotproperty/archives/2009/01/worst_recession.html Recession officially ended in June 2009 http://money.cnn.com/2010/09/20/news/economy/recession_over/index.htm The recession ended in June, five months after Obama took office and prior to the stimulus having any effect. Just thought I would jog some memories.

-Actually- He DID !! :( But now We ARE on that "Road to Recovery..." So things are Definately "looking up..." :)

Yes. The recession was really that bad. You are not finding evidence that it wasn't. You are finding evidence that stimulus worked. All the conservatives who claim Obama failed lied.

A recession's end means the economy stopped going down. That is all it means. It didn't stop going down until months after his inauguration. Yes by any standard of basic observation he took office during the worst downturn since the depression, but it is all his fault right.

A lot of people didn't really know how bad it was until recently. Obama has just been throwing money at the problem and putting the economy on life support. Without major changes in the government, and letting certain business fail this will just happen again.

Quite possibly...however as he was the junior Senator from Illinois immediately prior to his inauguration as president...HE ALSO HELPED CREATE "THE WORST ECONOMY SINCE THE DEPRESSION"...

Yes, but the next president will inherit and even worse economy.

Actually, the recession started shortly after g.w.bush was elected president in November 2000. I lost my job in the machine tool industry 4 months after he took office. Then he was saved sort of from a continuing decline by 911. That put us on a war economy which lasted on borrowed money for the rest of his time in office. In the meantime, they built the economy bomb with deregulating banks and mortgage companies. Not to mention the wisdom of not investigating the actions of wall street firms involved in the derivative schemes. With the corruption of investors and banks, it all came apart when the lowly people who purchased homes financed by fraudulent companies lost their jobs. Then the whole house of cards collapsed. That is what Obama inherited. Wharton and some other business schools tried to make a model that would have predicted the collapse. They couldn't make the model collapse with all the data they had. What they couldn't factor into the equation was corruption and greed. That was the reason for the collapse and deregulation was the source of it's infectious growth. Perhaps in a few decades there will be someone who writes a book about how close we came to complete financial collapse which would have triggered a world wide depression. The stimulus package and the auto company loans turned things around. More debt was a small price to pay for the disaster they averted. We will pay back what was borrowed but a world wide depression would have led to world wars and chaos in almost every country on earth. This government may have failed as well as those in Europe and Asia. Arab spring is a preview of what would have happened everywhere. The Arab countries that overthrew their dictators were the first to suffer from our economic problems. The U.S. is the source of wealth for every country on earth. When we get a cold, they get the flu. In the African countries run by dictators they felt the economic distress but also had corrupt governments that aggravated the problems for the common people. We are recovering but the underlying problems still exist. We need to make this country more competative in manufacturing and more expensive for corporations to move and manufacture the goods sold here, made elsewhere. We need hard nose businessmen doing the negotiations on tariffs and other business matters with other countries. Those "negotiators" need to have this countries welfare at the heart of any deal, not the profits of large corporations. It doesn't have to be fair, only acceptable to both sides. They will recognize power if it is shown to them. What appears to be a recovery could fall like sticks if the Republicans don't lose their grip on a dysfunctional congress in the upcoming elections. They are the problem and nothing will improve until they are gone.

He did, at least within my memory which goes back to Eisenhower. Not that we haven't had some recessions since then, one almost every ten years, caused by everything from oil embargoes to the ends of wars to stagnation and inflation. But this one is very different in that a lot of bad policy caught up with us and permanently changed the landscape, and still is. We went from being a country that produced to a consumer economy. And when the manufacturing left and the unions lost, we lost a mass of income producers that could support that economy. Any one can see that made the idea of us being content to be a consumer economy unrealistic. We don't' still know what kind of economy we can have that will sustain growth here. That hasn't changed. And the TARP and stimulus managed to keep a serious double dip recession from happening. Just knowing someone was at the helm who was interested and not going to push the idea that we needed more trickle down was enough to immediately, even before he took the oath of office, lead to a slight uptick. No one unemployed or underemployed is going to agree with the idea that the recession is over, and there are a lot of them. They may be angry at Obama for not magically ending it, but they'll throw rotten tomatoes at some fool telling them Bush ended it.

The Economy was pretty functional before that rat bastard Obama took office , alright. Things going swell! Housing was at its all time high, as Greenspan predicted it would be in 2005, and Brown and Root were winning all the oil line digging jobs over in Afghanistan, lets see , how many were there ? Got ya some sources down there for your reading enjoyment. One is about Greenspan; here's a quick quote: ". William White of the Bank of International Settlements had been warning central bankers, including Greenspan, of a housing bubble in multiple markets since 2003 2. In June 2005 the Economist had a cover story, with a very detailed analysis, of the rise in housing prices. In other words, the idea that housing prices were frothy was clearly visible to mere readers of the financial press 3. Poole does accurately say that all the Fed did was consider that housing prices would stop rising, not that they might fall. This is another symptom of bubble denial and a major failure of imagination 4. It is not just that the staff warnings were largely ignored in terms of Fed policy, but it did not decide to engage in closer monitoring or do additional forensics. This again reflects the Greenspan “let the markets alone” anti regulatory bias. " "readerOfTeaLeaves says: January 15, 2011 at 12:01 am "Yup. I filed my copy away, assuming this would blow up. Although I had no grasp of **how much** it would blow up. But I guess us ‘mere readers’ lack omniscience ;-) Here's another juicy bit: 'Greenspan says ARMs might be better deal" Posted 2/23/2004 11:39 AM USATODAY, Updated 2/24/2004 2:13 AM "He said a Fed study suggested many homeowners could have saved tens of thousands of dollars in the last decade if they had ARMs. Those savings would not have been realized, however, had interest rates shot up. "American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage," Greenspan said. " But Greenspan was at that time, only the Federal Reserve Chairman. ( wink!) I am quite sure nothing like a gargantuan housing bubble bursting had ANYTHING to do with the economy. So I am positive Obama was the guy who really did destroy America. One house foreclosure at a time. And he also masterminded private owned major corporations like Chase Bank, General Electric, Tyco, Microsoft, Thermo King, Cisco, Wal-Mart, and numerous others, to take their businesses (but not their employees) overseas, and get out of paying any taxes, or having to pay whiny Americans the money they were accustomed to earning , to cover those 6 and 7 year Stafford Loans they took out to get their degrees....well, they're all about homeless and jobless now. They are lucky if they can find an abandoned trailer!!! That's Obama for ya. And worse, he seems to have NO POWER to stop it either. And Congress is trying soooo hard to help us all. Everyday I see them trying to help the American people. I guess those of us left should just lay down and die? If we haven't already. Or , work in China

NO, he stopped the progression of economic recovery. In fact, the word stifle-ist was created to describe just him, just now, by me. It may make next year's Webster's.

No need to jog my memory, your are correct. Saying that this is the worst since the Great Depression is straight from the liberal talking points book, along with Republicans are for the rich, and Obama inherited everything that is bad, funny thing is anything that turns out good is (like getting Bin Laden) is strictly attributed to Obama. The strategy is if you repeat something often enough it will be believed., Ayera and Alinsky were great proponents of this. Truth does not matter, perception is everything.