I'm with you on that. The TARP and the stimulus prevented the economy from flatlining, but long term growth comes organically and until the employment picture improves we're not going to see big growth.
On Mon, Apr 26, 2010 at 11:32 AM, Judah McAuley <[email protected]> wrote: > > Roar seems a bit overenthusiastic to me. The stimulus and jobs bill > helped keep the bottom from completely dropping out but didn't do a > huge amount to spur demand since it was such a small percentage of > GDP. It's nice to see demand growing again but until employment > actually picks up again (unemployment is a lagging indicator), I'm > dubious about the strength of the recovery. > > I'll credit Bush and Obama on the bailouts and Obama on the stimulus, > they basically kept the wheels on and seem to have been managed > reasonably well. The pay back from the bailouts is coming quicker than > I expected, but my expectations were really low. I hope that things > continue to go in a positive direction and the recovery picks up > steam. We shall see. I'm pessimistic about the economy. > > Judah > > On Mon, Apr 26, 2010 at 11:18 AM, Robert Munn <[email protected]> wrote: >> >> economy set to roar, according to nyt: >> >> http://www.nytimes.com/2010/04/26/business/economy/26econ.html >> >> stimulus not responsible, according to survey of economists: >> >> http://money.cnn.com/2010/04/26/news/economy/NABE_survey/ >> >> but roubini is still bearish: >> >> http://www.moneycontrol.com/news/fii-view/nouriel-roubini-sees-downside-risk-to-economyh2-cy10_447262.html >> >> > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Want to reach the ColdFusion community with something they want? Let them know on the House of Fusion mailing lists Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:316666 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
