You're Awesome, America! (Why the U.S. recovery will be bigger, faster, stronger than expected)

Slate ^ | 04/10/2010 | Daniel Gross

[reagan_fanatic]

I’m in the NW section of Illinois. Everyone I know around here is scared to death of what’s happening.

Of course, living in a democrap-dominated state doesn’t help, either.

[Free_at_last_-2001]

Slate is nothing more than a shill for Obama. - very true but if the GOP win big in November and the real story about the economy breaks then they can refer back to this opinion as fact and park the blame with the GOP. ("you see Obama was on track but the GOP ruined it")

[PSYCHO-FREEP]

I was just in Milwaukee/Madison this weekend. It is almost scary to see. Large shopping malls and shopping centers are abandoned. There are “For Sale” signs on every other building and home.

There is grass and weeds growing up through all the cracks in the countless empty parking lots. We went to get some fast food at a drive through and the lady came to the window and said they they were out of business. They were just there removing the equipment.

I bought 15 dollar part for my boat trailer to haul it out to the state I live in, and paid almost 2 dollars in state and local city sales taxes. (5.5% to state, 4.5% to city and 3% to county; = 13%)

No wonder business is closing there faster than they can get up a for sale sign. And this is only the beginning.

[vaudine]

All things "Slate" are harmful to mind, finance, and well-being.Ex: One of my credit cards recently became "Slate" and upped the % of interest from 9.9 to 13.4. I paid off and closed.

vaudine

[Safrguns]

>>> but I believe that we have the capability to rise above this. We always have.

This would be true if so much of the economy were not based upon speculation.

The more speculation that exists, the easier it is to be controlled by an elite few... and personally, I don’t trust most of them. I think they have learned that once you can cause major swings to the market, that the profit potential in doing so is unlimited.

[driftless2]

Yes, we can recover from the recession even with a huge drag like Obama. However the recession could have been ended already if the right president were in place. And Obama hasn’t even begun his most anti-business (cap and trade) policies yet.

[McGavin999]

The economy can't turn around until the government gets out of the private sector. Most companies are in waiting mode. They have no idea what this government is going to do and how it's going to pertain to them. People are preparing to lay off more people because they don't know how long this will last.

Resolve health care, get the govt out of GM and the banking industry and we might have a chance of recovery.

[vetvetdoug]

I want some of what this writer has been drinkin and smokin.

[LibLieSlayer]

Uhhuh... keep up the lies leftists... your chickens are coming home to roost... and they will be pooping in your mess kit.

LLS

[LibLieSlayer]

Did this guy predict the meltdown and subsequent failures? If not... he is no expert... none of them are! If they were not expert enough to predict the destruction of our economy and warn America in advance, then they do not have the skills to predict any recovery that those of us fighting on the front lines KNOW WITHOUT A DOUBT... DOES NOT EXIST!

LLS

[sportutegrl]

All of the positive ‘news’ about the economy that I have read is written in the future tense.

[LibLieSlayer]

Let me add a prediction for your crystal ball... there will be millions of small businesses going out of business in the next year... you need to add those losses and the job losses incurred from these closures into your mix. Credit is not the problem... we only hire when we have enough business to make it necessary for us to need additional employees... and that is a rule that even marx couldn't overcome.

LLS

[LibLieSlayer]

A friend in the finance business is stating that many of the cash for clunkers that were sold, were sold to those that could not afford the loans and local lots here are starting to fill up with these repossessed autos. Problem is... new autos can be purchased almost as cheaply. There is the theoretical economy and then there is reality out here in the trenches. Don't try to tell those of us in the trenches that mustard gas smells sweet and is actually good for our complexions!

LLS

[mrmeyer]

[Texas resident]

I hope your friend keeps his job in the finance industry.
A friend of mine lost his job in the title insurance business. He found another job about two years later in the.......health insurance industry.
Talk about being snake bit.

[SeekAndFind]

we only hire when we have enough business to make it necessary for us to need additional employees

I assume from the word "we", that you are a small business owner ? I hope the healthcare bill won't affect your business at all, or your desire to hire the best people. Good luck to you. This country needs a lot of small business to grow.

[DrC]

Terrific graphic. Visible proof of how quickly we’ve managed to recover from previous recessions (even ones where the initial rate of descent into unemployment was faster than this one) under both D and R administrations. These bumbling boobs quite clearly have extended the length of this downturn far beyond the normal length, and tens of millions of Americans have suffered as a consequence. Americans typically vote their pocketbooks.

Slate might think we’ll be firing on 8 cylinders by next fall, but if R’s do a good enough job educating the public, they will be howling mad we haven’t yet returned anywhere near full employment.

[VOA]

“
So what accounts for the pervasive gloom?
“

We have Chicago-style thugs in The Oval Office, House and Senate.
And they are intent on bankrupting the country...and buy votes with
all the goodies (bread and ciruses) they will give away.

[Tarpon]

The fact the curve is still trending down is distressing ... It's not going to be easy to get people back to work this time. Entrepreneurs need confidence that the government won't do this ‘fix’ again, else why would they invest. As you say the investments will run away.

[Publius6961]

Anyone else familiar with the phrase, “ whisling past the graveyard?”