So what accounts for the pervasive gloom? Housing and large deficits remain serious problems. But most experts are overlooking America's true competitive advantages. The tale of the economy's remarkable turnaround is largely the story of swift reaction, a willingness to write off bad debts and restructure, and an embrace of efficiency—disciplines largely invented in the United States and at which it still excels. America still leads the world at processing failure, at latching on to new innovations and building them to scale quickly and profitably. "We are the most adaptive, inventive nation, and have proven quite resilient," says Richard Florida, sociologist and author of The Great Reset: How New Ways of Living and Working Drive Post-Crash Prosperity. If these impulses are embraced more systematically and wholeheartedly, the United States can remain an economic superpower well into the current century.
Uhhuh... keep up the lies leftists... your chickens are coming home to roost... and they will be pooping in your mess kit.
LLS
All of the positive ‘news’ about the economy that I have read is written in the future tense.
“
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.
Anyone else familiar with the phrase, “ whisling past the graveyard?”
This guy is as bad as those in the 30s saying the exact same things. I’ve been reading “The Great Depression - A Diary” which is fascinating.
Some quotes:
June 1933
“People must be optimistic because automobile sales for the past 60 days have reached record proportion...The upturn continues without interruption...The boom continues and prices soar upward in the most spectacular recovery the world has ever seen. I still cannot believe it is permanent.”
July 1933
“Industry continues to boom and the entire public seems to be speculating in the stock market. Almost as bad as 1929....The whole recovery has been so spectacular as to be almost unbelievable. Because so much of it is based on inflation theories I have doubted its permanency. The next few months ought to tell the story...Col Ayres of the Cleveland Trust Bank says in his bulletin that he is convinced the depression definitely turned the corner between the 1st and 2nd quarter of 1933.”
The exact crap is going on today. Everyone out touting the so-called ‘recovery’ and just watch. Another crash is inevitable.
for some reason, I don’t believe them.
CBO chief says debt ‘unsustainable’
http://www.politico.com/news/stories/0410/35546.html
California’s $500-billion pension time bomb
http://www.latimes.com/news/opinion/la-oe-crane6-2010apr06,0,6247734.story
The Worst of All Worlds”: Fannie and Freddie Losses “Can’t Be Calculated,” Posner Says
http://finance.yahoo.com/tech-ticker/”the-worst-of-all-worlds”-fannie-and-freddie-losses-”can’t-be-calculated”-posner-says-464813.html?tickers=FNM,FRE,XLF,JPM,MS,BAC,C&sec=topStories&pos=9&asset=&ccode=
Nearly half of US households escape fed income tax
http://finance.yahoo.com/news/Nearly-half-of-US-households-apf-1105567323.html?x=0&.v=1
Billions already have been charged against revenue of America corporations due to the ObamaDeathCare. That will impact hiring. Real estate is suffering and will continue to suffer.