Skip to comments.'Recovery Summer' Ends With Economic Pothole (Whew! It's finally over!)
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 ...
Maybe Hussein and BiteMe were talking about 2011.
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.
” While many economists believe that program has worked to boost employment”
Which economist might those be? Those working for Obamie
and National Putrid Radio ?
With Recoveries like this.....
And, if the Christmas hiring fails to happen...Zero will blame Jesus.
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.
These clowns only criticism really is that all this interferes with their progressive agenda. That’s their big complaint.
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.
Hey Barky, Ohio has plenty of bike lanes.
What they need are long term jobs.
See my tagline...
Maybe because the bureacrats didn't want anyone to know who really got the money (cronies, friends & relatives, perhaps?)
Now comes the fall in Fall!
The Stimulus was (front) loaded with tax cuts?
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?
The Recovery Summer leads to the Failure Fall.
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
bookmark to steal pic
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.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.