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'Recovery Summer' Ends With Economic Pothole (Whew! It's finally over!)
NPR ^ | 9/03/10 | Scott Horsley

Posted on 09/05/2010 5:59:36 AM PDT by Libloather

'Recovery Summer' Ends With Economic Pothole
by Scott Horsley
September 3, 2010

Whatever happened to recovery summer?

This was supposed to be the season the economy heated up, thanks to a wave of public works projects, funded by the government's stimulus program. But summer is coming to an end, and the recovery has not taken root. (The Labor Department on Friday reported a slight rise in the unemployment rate to 9.6 percent in August as more people were looking for work.)

And before long, stimulus dollars will be fading like autumn leaves.

None of that is encouraging for President Obama, who launched the summer with a crew in hard hats in Columbus, Ohio, on June 18.

"Today, I return to Columbus to mark a milestone on the road to recovery: the 10,000th project launched under the Recovery Act," Obama said, announcing a $15 million effort to widen a roadway and add bike lanes.

Recovery summer was partly designed to recover the reputation of the government's $787 billion stimulus program. While many economists believe that program has worked to boost employment, the public is unimpressed. Advisers say by front-loading the stimulus with tax cuts and aid to states, they were able to get the money out quickly, but at the expense of visibility.

"As happened with many decisions, pragmatism won out," said outgoing White House economic adviser Christina Romer this week.

(Excerpt) Read more at npr.org ...


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: economy; pothole; recovery; summer
Whatever happened to recovery summer?

Maybe Hussein and BiteMe were talking about 2011.

1 posted on 09/05/2010 5:59:39 AM PDT by Libloather
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To: Libloather

He will be betting on the Christmas hiring to boost the job numbers and sales numbers. Only reason Aug sales were up is back to school stuff.


2 posted on 09/05/2010 6:03:14 AM PDT by GailA (obamacare paid for by cuts & taxes on most vulnerable Veterans, retired Military, disabled & Seniors)
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To: Libloather

” While many economists believe that program has worked to boost employment”

Which economist might those be? Those working for Obamie
and National Putrid Radio ?


3 posted on 09/05/2010 6:05:21 AM PDT by AlexW
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To: Libloather

With Recoveries like this.....


4 posted on 09/05/2010 6:07:21 AM PDT by screaminsunshine (m)
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To: GailA

And, if the Christmas hiring fails to happen...Zero will blame Jesus.


5 posted on 09/05/2010 6:08:38 AM PDT by moovova
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To: Libloather
I pay very little attention to NPR and it's cousins. Imagine my surprise to find this sort of criticism of the Obama economic agenda.

Although I doubt I'll ever favor any form of government radio, television, sponsorship of the arts, etc., it is nice for a change to see my tax dollars producing something rational and useful, something that should leave a nice and lasting welt on the statists and liberal elitists that are running our economy into a ditch.

6 posted on 09/05/2010 6:09:07 AM PDT by Mobties (Let the markets work! Reduce the government footprint!)
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To: Libloather

Recovery Bummer


7 posted on 09/05/2010 6:09:26 AM PDT by moovova
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To: Libloather

These clowns only criticism really is that all this interferes with their progressive agenda. That’s their big complaint.


8 posted on 09/05/2010 6:10:45 AM PDT by mo
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To: Libloather

Along with the Obama Tax Increase starting January 1, when the temporary cuts expire, maybe the Annointed One can reward his followers with a Cap AND Trade bill that will raise their utility bills in time for the holidays.


9 posted on 09/05/2010 6:10:54 AM PDT by Bernard (One if by Land, Two if by Sea, Three if by Government)
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To: Libloather

Hey Barky, Ohio has plenty of bike lanes.
What they need are long term jobs.


10 posted on 09/05/2010 6:14:35 AM PDT by mylife (Opinions $1 Halfbaked 50c)
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To: Libloather
Whatever happened to recovery summer?

See my tagline...

11 posted on 09/05/2010 6:16:49 AM PDT by bcsco (From Recovery Summer to The Winter of our Discontent...)
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To: Libloather
Advisers say by front-loading the stimulus with tax cuts and aid to states, they were able to get the money out quickly, but at the expense of visibility.

Maybe because the bureacrats didn't want anyone to know who really got the money (cronies, friends & relatives, perhaps?)

12 posted on 09/05/2010 6:17:02 AM PDT by P.O.E. (Compact Theory)
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To: Libloather

Now comes the fall in Fall!


13 posted on 09/05/2010 6:20:24 AM PDT by Bushbacker1 (I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error! (Oathkeeper))
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To: Libloather

The Stimulus was (front) loaded with tax cuts?


14 posted on 09/05/2010 6:21:03 AM PDT by Paladin2
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To: Bernard

Obama and the Democrats see me and you keeping ‘Any’ of our money as a ‘Cost’. How much does it cost for us to have any money we earn?


15 posted on 09/05/2010 6:22:52 AM PDT by screaminsunshine (m)
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To: Libloather

16 posted on 09/05/2010 6:23:43 AM PDT by Pilsner
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To: Libloather

The Recovery Summer leads to the Failure Fall.


17 posted on 09/05/2010 6:58:44 AM PDT by upchuck (If we let the federal gvmnt live beyond its means, we will soon have to live below ours. ~Joe Miller)
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To: Libloather

Plank said business has been slow this summer, in part because the road construction makes it hard for customers to reach his restaurant. He hoped to at least capitalize on the day of the president’s visit, but the expected crowds didn’t materialize.

“I hate to say it, but it was our worst Friday we’ve had in 10 years,” Plank said. “I thought there were going to be all kinds of people down there, but I guess there were only 30 to 40 people, and they were all from Washington.”

That is the money quote, people are not even turning out for odumbo


18 posted on 09/05/2010 7:11:14 AM PDT by italianquaker (obama all hat no cattle)
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To: Pilsner

bookmark to steal pic


19 posted on 09/05/2010 7:13:51 AM PDT by DrewsMum (Now days every news headline looks like it should be from the "Onion")
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To: Libloather
'Recovery Summer' has morphed into 'Socialist Winter'.

With the fascist laws and policies which were rammed down our throats, it could do no other. It can only get worse unless we can manage a wholesale turnaround of this nightmare.

20 posted on 09/05/2010 7:23:02 AM PDT by Gritty (Washington no longer has a government; rather, it has a gangster regime - Jeffrey Kuhner)
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To: Libloather

If recovery Summer hadn’t created a bajillion jobs, we’d be in REAL trouble now!


21 posted on 09/05/2010 8:04:43 AM PDT by DaxtonBrown (HARRY: Money Mob & Influence (See my Expose on Reid on amazon.com written by me!))
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To: Libloather
Advisers say by front-loading the stimulus with tax cuts..

What tax cuts???

22 posted on 09/05/2010 8:07:43 AM PDT by CommieCutter (A Centrist Democrat is now defined as: between Socialism and Communism.)
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To: italianquaker
“I thought there were going to be all kinds of people down there, but I guess there were only 30 to 40 people, and they were all from Washington.”

I guess all the locals were at work. /s

23 posted on 09/05/2010 9:19:13 AM PDT by theymakemesick ( Filled with hatred for those that disagree, democrats are the most intolerant bigots on earth)
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To: DaxtonBrown

Enough of Obama’s Recovery ... Can I have my Bush Recession Back??
/s


24 posted on 09/05/2010 10:35:09 AM PDT by gwilhelm56 (Enough of Obama's Recovery ... Can I have my Bush Recession Back??)
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To: Libloather

“We believe in one spender,
The Government, the Almighty,
Stimulator in times of great distress.

We Believe in Obama,
The only son of a Kansas girl.
He was conceived out of wedlock
By the power of young love
And Born nearly fifty years ago.
He can do no wrong.

We believe in the Holy Congress,
The giver of all life,
From whom all good things come.
With the power of the Federal Reserve,
And the eminences of the Supreme Court, The Congress is worshiped and glorified.
They shall spend us to prosperity now and forever.
Amen.” “


25 posted on 09/05/2010 12:46:39 PM PDT by 2ndDivisionVet (I don't need a newspaper to know the world's been shaved by a drunken barber.)
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To: CommieCutter
What tax cuts???

I think it amounted to thirteen bucks. You didn't get yours? You got stiffed.

26 posted on 09/05/2010 5:54:31 PM PDT by Libloather (Teapublican, PROUD birther, mobster, pro-lifer, anti-warmer, enemy of the state, extremist....)
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To: Libloather

Oh you mean the reduction in the income withholding amount that ended up shrinking my tax return?

You’re right, I got stiffed.


27 posted on 09/05/2010 6:28:00 PM PDT by CommieCutter (A Centrist Democrat is now defined as: between Socialism and Communism.)
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To: CommieCutter
Oh you mean the reduction in the income withholding amount that ended up shrinking my tax return? You’re right, I got stiffed.

And there ya have it. That, and a Franklin, may get your tank filled.

28 posted on 09/05/2010 6:36:08 PM PDT by Libloather (Teapublican, PROUD birther, mobster, pro-lifer, anti-warmer, enemy of the state, extremist....)
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