Already did.
I can't lose anyway..with Obama as our President..if I lose my job I will have unemployment for at least a year..with lax bankruptcy laws, I can simply spend $10,000's in the next couple weeks..and still keep everything.
Life is grand in the land of plenty.

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The government cannot give without first taking.

If you don't game the system, somebody else will, and next thing we know, total chaos.

Hang in there, thing's will get better. regardless of the knuckleheads in charge.

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

this only spells bad news for the R's if unemployment doesn't come back down before around june or july of 2010. it's still too uncertain of a period to say for sure what type of recovery it will be as there really has never been a recession like this before.

if the recovery continues through the holiday season and companies start hiring again some time next year (as most economists are predicting) the republicans will not get the jump in seats they are hoping for. it's pretty much inevitable that they're going to gain SOME seats back next year, but if the recovery gets going before then, it won't be a very significant amount.

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"My country is the world, and my religion is to do good." --Thomas Paine

The “recovery” isn’t going to get going… it isn’t happening now.

GDP includes government spending… and that’s all the “growth” that you are seeing in this number.

Nothing more.

Obama, and all his policies has crashed the economy. It will not come back unless and until people see that those policies are reversed.

The only things that might keep the GOP from huge gains next year would be a major party scandal or a coup by the Obama and Democrats. The latter is the better possibility

Hmmmm A 3.5% growth in what? fueled by an 8 grand check written to first time homebuyers and a $4,500 check to car buyers. Sure it looks like growth on paper and maybe those as blind as you won't see through it and start to spend a bit, but the rest of us realize that in order to get the economy back on track, the private sector has to spend, not the government.

well we certainly will see won't we.

i'm curious how obama's policies possibly could have crashed the economy when the crash occurred long before the election even took place.

i don't expect a rational answer, but i eagerly await your response.

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"My country is the world, and my religion is to do good." --Thomas Paine

so who here can point out the irony in this statement?

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"My country is the world, and my religion is to do good." --Thomas Paine

Recovery?

Where?

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January 21, 2013: The End of an ERROR.

"Only a virtuous people are capable of freedom. As nations become more corrupt and vicious, they have more need of masters."
"When the people find that they can vote themselves money, that will herald the end of the republic."
"The Constitution only gives people the right to pursue happiness. You have to catch it yourself."
---Benjamin Franklin

3.5% rise in gdp? higher rise than economists predicted? housing prices stabilizing?

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"My country is the world, and my religion is to do good." --Thomas Paine

The 3.5% GDP growth is not necessarily an indication that Obama policy is working, but it's certainly not an indication that Obama's policy isn't working. It's also not an indication that growth will continue to be positive in the following quarters.

It's a good sign, that's all. A quarter of positive GDP growth is a good thing.

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The world could use more Stan Ovshinsky's

The 3.5 increase is in part due to first time home buyers taking advantage of an $8,000 kickback. This will temporarily stabilize home prices, but when the money is gone, so's the incentive.
The rest of the 3.5% is due to cash for clunkers. That money is gone now too, and so is the increase in auto sales.

It's all just "feel good" money, designed to get some good economic numbers, but only a fool would think it will last once the government money is gone.

The good news is that the temporary good numbers will likely backfire on obama. when the growth doesn't continue in Q2 2010, (housing rebate ends in March) people may stop blaming the economy on Bush.

this.

it's not good news if you have a vested political interest in seeing the economy continue to flounder.

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"My country is the world, and my religion is to do good." --Thomas Paine

It's been pointed out by some, but I don't think you lefties are getting it. This is due to government spending. Where did the government get the money from to spend? Oh, that's right, we borrowed it from freaking China! I'll give you lefties can understant (probably still won't).

If you have a certain amount of spendable income but then you increase it by wracking up $5k in debt on a credit card, it doesn't mean that you are doing $5k better in your disposable income. All you've done is wrack up a debt that you're going to have to pay off over a long period of time. By the time you pay it off the final amount will be much higher than $5k.

It's OK though, just keep working at the kool-aid factory.

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A government which robs Peter to pay Paul can always depend on the support of Paul.
- George Bernard Shaw

Given that the derivatives market alone was worth 60 trillion dollars (and its just one market of hundreds), the $700 billion the government spent (and it has only spent half of it so far) was nothing more than a psychological token to signify the government was willing to treat the issue of the economy seriously.

On the other hand, I'd rather have the country spend $700 billion in an attempt to turn the economy around than to spend $1 trillion fighting a war based upon false premises in Iraq. Of course we don't get the option between the two, the government has determined for us that we will be doing both whether we like it or not.

How on earth does the worth of the derivatives market (which, by the way, is outside national borders) compare to the national debt?