Which means no more reccession for now. Now Obama can claim it was all him, and I can claim it was all deficit spending which will shackle us, and growth was in spite of the govt. And you all can come down on your predictable sides. Im just happy people are spending.

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"To take from one, because it is thought his own industry and that of his father has acquired too much, in order to spare to others who (or whose fathers) have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, "to guarantee to everyone a free exercise of his industry and the fruits acquired by it."

-Thomas Jefferson

There's no free meals. Credit the Fed for this roller coaster ride, and the ride has just started.

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Giving money and power to government is like giving whiskey and car keys to teenage boys. ---P. J. O'Rourke

Hopefully we can convince the average consumer this is only a temporary upward tick, and things are heading right back to the crappper. Statements need to be emphasized that the growth was strictly due to cash for clunkers and other un-sustainable handouts, the recent market recovery is temporary and stocks will crash again, that new home sales are tanking, commercial real estate will soon implode, that unemployment shows no sign of decrease, and consumer confidence is down. Folks need to feel thier jobs are in peril, they stand a good chance to lose thier homes and retirements, and that the economy will decline for the next couple of years. Several more quarters of GDP decline are needed.

Otherwise I fear you are correct, and the big zero and his mindless worshippers will give Hussein some credit for recovery. Bad news for 2010 and beyond.

Your sarcasm is getting old.

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Giving money and power to government is like giving whiskey and car keys to teenage boys. ---P. J. O'Rourke

Just staying on message.

"There's no free meals. Credit the Fed for this roller coaster ride, and the ride has just started."

I do enjoy reading your posts wrxsti. Its a fair interpretation of the right most of the time.

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"Reagan proved deficits don't matter" - Vice President Dick Cheney (2002)

We'll see what Q4 looks like. I get the feeling that the gains made in Q3 are hollow and artificial.

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I am a liberal, a classical liberal. Classical liberalism is liberalism, but the current collectivists have captured that designation in the United States. In Europe they are glad enough to call themselves socialists. But no one in America wants to be called socialist and admit what they are.

Courage, Truth, Honor, Fidelity, Discipline, Hospitality, Industriousness, Self-Reliance, Perseverance

I thought you claimed to be "post partisan", or some such nonsense?

Clearly, not.

Matt

If you have a comment about my post please post it. IF however, I'm your guru and you have no original thoughts of your own, as your guru I'm advising you....

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Giving money and power to government is like giving whiskey and car keys to teenage boys. ---P. J. O'Rourke

I think of the 3.5% 2.0% is illusionary, federal spends, cash for clunkers, layoffs making balance sheets/profits appear rosy , which are just short term gains, with long term consequences. I would be happy to be wrong but know in my heart I am not.

I'll gladly take the 1.5% and hope that things will flatten out, unemployment additions will taper off, co's will adjust to squeeze productivity out of the work force remaining until, somehow someway, small bus. is energized and starts the ball rolling, forcing co's to expand and add back former workers, remember just adding 3 million jobs won’t get us out from under, we will have barely replaced what we lost, etc.....I don't think this will happen for a year or so, my opinion, by that time, the price tag wuill start being felt, I think inflation will also hobble future growth...and of course the Bush cuts, when they expire will re-set brackets for everyone by at least 5%.....don’t under estimate that hit folks, its gonna be ugly and will have a big drag on consumer spending there fore all the way down the line, factory orders, employment, etc etc …

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"The captain has turned off the `No Dubbing' sign. You are free to speak any language you choose."

So unemployment is down? cool!!

BTW....

Auto sales analysts at Edmunds.com say the pricey program resulted in relatively few additional car sales.

Cash for Clunkers costs taxpayers $24,000 per car - Oct. 28, 2009

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http://www.BHOCOUNTDOWN.com



"A political party cannot be all things to all people. It must represent certain fundamental beliefs which must not be compromised to political expediency, or simply to swell its numbers." -Ronald Reagan

As a point of fact (and please correct me if I'm wrong), wouldn't we need growth in Q4 as well before the recession is over? I was under the impression that a recession ended when there were two consecutive quarters of growth.

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"Government big enough to supply everything you need is big enough to take everything you have... The course of history shows that as a government grows, liberty decreases."

-Thomas Jefferson

Now there you go ruining it all with facts...
GDP will rise in 4th qrt likely due to holiday purchasing...regardless of how poorly this season will compare to others.

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The government cannot give without first taking.

One of the key factors for Q4 will be how much of the increase in auto sales contribution to Q3's GDP was "borrowed" from Q4 due to cash for clunkers.

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"It's a good feeling to shoot a bad guy. Something you democrats would never understand. Americans are homesteaders, we want a safe home, keep the money we make, and shoot bad guys!"

----Denny Crane

It seems many of us are not alone in our assessment even though the MSM will do their best to obfuscate the truth.

Both of those programs have ended which, to anyone who took Bus and Econ 101, means temporary, as in, only the 3rd quarter. A little hint of the truth but that doesn't stop them...

A little premature don't you think? And when is the last time we heard words like these? Oh yeah, 1999 when they said there is a new economy that was the dot com fiasco just before it all imploded.

This is just a little misleading. Consumers only "led" the rebound because the govt gave them money to buy those items. Now that the govt won't be giving them money, what should we expect?

Don't get me wrong. I'm all for a good recovery. if the O gets credit for it, so be it. But a recovery propped up by stratosphere govt deficits is no recovery at all.

But I would like to ask some of you leaning left a question. If the govt giving people what is essentially their own money to spend brings us closer to a recovery, doesn't that support a huge decrease in the tax rate? Isn't that what conservatives have been saying for eons? Give people more of their own money to spend and they will spend it to benefit the entire economy? Coupled with a just a huge decrease in govt spedning, we'd see the economy boom like never before. Pipe dream I know.

Economy grows in 3Q, signals end of recession - Yahoo! Finance

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"If you think about it, UPS and FedEx are doing just fine," he said. "It's the post office that's always having problems." Barack Obama on government run healthcare. 08/11/2009

American by birth.
Conservative by the grace of God.

Still sore about the war of northern aggression.