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Survey: Economists More Bleak About US Economy
AP via NYT ^ | October 24, 2011 | Staff

Posted on 10/23/2011 9:43:10 PM PDT by lbryce

Fewer U.S. companies expect to hire new workers in coming months, as business economists grow increasingly pessimistic about the overall economy's growth in the coming year.

Nearly 85 percent of economic experts surveyed expect the economy to grow at a meager 2 percent or less over the next 12 months, according to the National Association for Business Economists. In July only 23 percent of the survey's respondents predicted such slow growth.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: bleak; economy; obama; obamanomics; recovery; unemployment
Bad economy looking bleaker for one soon to be out of a job, inept, over-his-head chief executive.
1 posted on 10/23/2011 9:43:16 PM PDT by lbryce
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To: lbryce

How unexpected...


2 posted on 10/23/2011 9:46:08 PM PDT by neodad
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To: lbryce

It looks like those great Arab Spring “victories” aren’t working out for us. I thought for sure that once Qadhafi was dead and the Muzzie Bros. took over that our economy would bounce right back with Barry’s Gallup poll numbers. I guess the state run “media” was lying again.


3 posted on 10/23/2011 9:49:35 PM PDT by FlingWingFlyer (Stop Government Greed Now!!!!)
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To: lbryce

Yeah, and, today, I heard “they” are expecting an increase in Christmas purchasing by consumers......I call BUNK on that, too!


4 posted on 10/23/2011 9:54:04 PM PDT by goodnesswins (My Kid/Grandkids are NOT your ATM, liberals! (Sarah Palin))
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To: goodnesswins

“Yeah, and, today, I heard “they” are expecting an increase in Christmas purchasing by consumers......I call BUNK on that, too!”
___________________________________

The big news pumps have been turned on to suck Obumbo out of the sewer.
In my opinion, it is all a big pile of BS.


5 posted on 10/23/2011 10:02:02 PM PDT by AlexW
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To: lbryce

If economists say it, the opposite will happen.
So look for a rally in the economy and an Obama reelection.

How can you beat the man who saved the economy, gave healthcare to every American, and slew the evil Osama and Khadafy?


6 posted on 10/23/2011 10:08:00 PM PDT by oldbill
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To: goodnesswins

I’ll be buying groceries for the kids and their families...I bake...I cook....that will be my gift...


7 posted on 10/23/2011 10:15:10 PM PDT by cherry
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To: lbryce
K This is a good thing! This is what brought us wonderful writers like Dickens!:)
8 posted on 10/23/2011 10:28:33 PM PDT by Beowulf9
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To: lbryce

We have something close to a capital strike. Something similar happened during FDR’s second term. Like Obama, FDR tried to flog the rich to make them work their money harder. Instead, they waited. If France had no fallen in 1940, FDR would not have been re-elected.


9 posted on 10/23/2011 10:31:11 PM PDT by RobbyS (Pray with the suffering souls.)
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To: lbryce

I have yet to see an analysis why the US will actually recover. Considering the debt and other fundamental flaws within our current economy. Even plans of new tax codes fail to address the actions needed, ie slashing Gov’t.


10 posted on 10/23/2011 10:38:42 PM PDT by FritzG
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To: FritzG
Dear Fritz:

It won't. The next wave of foreclosures and the cascade of bank closures will happen in 2012. The next President will preside over a financial graveyard. Trillions in artificially generated wealth will disappear worldwide.

The bump we got on our bonds came solely from panicking investors dumping out of the EU because Greece, Spain, and Italy are all teetering on the edge of insolvency and default. We're going to be partying like it's 1939 very soon.

The hit everyone took on their portfolios and retirement accounts in 2008 was merely the coming attraction. The main feature has yet to play out.

11 posted on 10/24/2011 12:05:04 AM PDT by TheWriterTX (Rock you like a Herman Cain 2012)
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To: FritzG

If Obama is kicked out of office along with his class warfare and anti business policies, the economy may then see some light.


12 posted on 10/24/2011 12:29:13 AM PDT by monocle
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To: lbryce
Were they were wrong about 2011?

If they're wrong about 2012, it's good for Obama. If they're right about 2012, we're in for deeper misery. I'm just curious about the recent track record for this economic survey.

13 posted on 10/24/2011 2:30:45 AM PDT by newzjunkey (Republicans will find a way to reelected Obama.)
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To: AlexW

So true...it is interesting that food and energy are not used anymore when the goobermint reports inflation....however, increases in those commodities sure count for GDP growth, not to mention goobermint spending - i.e. deficit spending.


14 posted on 10/24/2011 3:02:33 AM PDT by RSmithOpt (Liberalism: Highway to Hell)
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To: lbryce
as business economists grow increasingly pessimistic

should have asked a 'Democrat' economist instead;

Christina Romer, Paul Krugman, Jared Bernstein, Tim Geithner, Larry Summers, Dr. Mark Zandi, Dr. Alan Blinder, Bob Kuttner, Heather Boushey, Bill Hambrecht, Allen Sinai
15 posted on 10/24/2011 3:20:48 AM PDT by Son House (The Economic Boom Heard Around The World => TEA Party 2012)
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Comment #16 Removed by Moderator

To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks lbryce.


17 posted on 10/24/2011 4:12:55 AM PDT by SunkenCiv (It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
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To: Beowulf9

Agreed. Salient observation.


18 posted on 10/24/2011 5:44:09 AM PDT by StAnDeliver (/)
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To: TheWriterTX

The main feature is being planned for next year.

The rats are letting the secret out. Suspending elecions and the constitution. Biden warned that the young president would be facing an epic problem and that we probably won’t like how he addresses it, but we should just be patient.


19 posted on 10/24/2011 5:54:31 AM PDT by Texas resident (Hunkered Down)
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To: goodnesswins

eah, and, today, I heard “they” are expecting an increase in Christmas purchasing by consumers......I call BUNK on that, too!


I do too, I believe I read it here on Free Republic that the number of shipping containers coming in to the U.S. from China were down in September, way down. I believe that September and October are the peak month’s for the shipment of Christmas related items.

On the Other hand in the few chain stores I’ve been in lately the Christmas decoration isles have been up since the second week of October and judging from the shelves the retailers aren’t expecting much in the way of sales.


20 posted on 10/24/2011 9:42:00 AM PDT by The Working Man (The mantra for BO's reign...."No Child Left a Dime")
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To: StAnDeliver

Glad you saw my sarcasm as such.


21 posted on 10/24/2011 1:42:13 PM PDT by Beowulf9
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To: lbryce

My company put it at 1%. Cuts are coming. It is a global firm with 120,000 educated employees.


22 posted on 10/24/2011 1:48:09 PM PDT by eyedigress ((Old storm chaser from the west)?)
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