[evets]

[Oldexpat]

Helicopter Ben is going to tell the audience what they want to hear. That the Fed is going to do everything in their power to prevent deflation. That the economy is growing slightly and they will kick more money into the stream....
The market may flash up..but then will refigure by Monday.

[Son House]

Economic Illiteracy Quiz:

After what legislation was there the largest spike up in the Real GDP?
a. February 17, 2009: American Recovery and Reinvestment Act = 111th United States Congress
b. October 3, 2008 — Emergency Economic Stabilization Act of 2008 = 110th United States Congress
c. February 13, 2008 — Economic Stimulus Act of 2008 = 110th United States Congress
d. May 28, 2003 — Jobs and Growth Tax Relief Reconciliation Act of 2003 = 108th United States Congress

( Ignore the green forecast, it was wishful thinking)


Failure Qualifies any Participants
to be an Economic Advisor to Democrats(EconoList), Vice President,
or Replace a current sitting Democrat Congressional member
Correct Answer is: d.
Apply Now

[Son House]

FlashBack 2006: Are the Bush Tax Cuts Working?[1.4 million Jobs the Nine Months After August 2003]

http://www.freerepublic.com/focus/f-news/2364667/posts

GDP Growth [Charts at link]

After the recession in 2001 and the first round of tax cuts, economic growth speeded up and is expected to pickup even faster in 2004.

The real annual GDP growth rate increased from 0.3 percent in 2001 to 2.5 percent in 2002. In the third quarter of 2003, GDP grew at a 7.2 percent annual rate. Forecasters are expecting GDP to grow by 4.6 percent in 2004, the highest in 20 years.

2003 and 2004 economic growth levels surpassed Congressional Budget Office (CBO) estimates by 150 basis combined, resulting in $300 billion of additional growth, which is roughly $2,500 per household.