Originally Posted by Disillusioned_1

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.

Originally Posted by Disillusioned_1

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.

Originally Posted by Knute

The jobs will follow as they always do in a recovery. And I might ask you if you post anything that is correct?

Originally Posted by chassisman

Knute, this just in..........(on CNN today) nearly 15% of the homes in America are VACANT.

Originally Posted by proUSA

sorry dude...jobs dont follow recovery, they make it.
and the job growth has been pretty much ZERO.....new job growth that is, the few that popped up over spring and summer are dropping because funding has been spent and also because they were temperary jobs.

Originally Posted by chassisman

Knute, this just in..........(on CNN today) nearly 15% of the homes in America are VACANT.

Originally Posted by Knute

Even the extreme RW Orange County Register admits a job recovery is likely:

...................

Of course when the jobs do comeback the party of no will bitch about the slow increase in the rate of consumption. You are seeing failure where it doesn't exist because you want O and the US to fail. I don't think most others want to live in the misery that will happen if your wish comes true.( Which of course it won't)

Originally Posted by Knute

That is right! See what your inamorato did on his watch! That is when the crash occurred (2007) OBut do not worry , O is fixing that now
Obama unveils $75B mortgage relief plan - Mortgage Mess- msnbc.com
And this:
Forbes.com - Magazine Article

Originally Posted by Tim

O is fixing it simgle-handedly?

You sound like the member of a cult....

"Don't worry...."

Originally Posted by Knute

The economy is turning around primarily due to O's policies. Looks like he won't fail and bring the country down like you want.
WASHINGTON (AP) - The economy grew at a 3.5 percent pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes.The Commerce Department's report Thursday delivered the strongest signal yet that the economy entered a new, though fragile, phase of recovery and that the worst recession since the 1930s has ended.The much-awaited turnaround ended the streak of four straight quarters of contracting economic activity, the first time that's happened on records dating to 1947.It also marked the first increase since the spring of 2008, when the economy experienced a short-lived uptick in growth.The third-quarter's performance - the strongest since right before the country fell into recession in December 2007 - was slightly better than the 3.3 percent growth rate economists expected.Armed with cash from government support programs, consumers led the rebound in the third quarter, snapping up cars and homes.Consumer spending on big-ticket manufactured goods soared at an annualized rate of 22.3 percent in the third quarter, the most since the end of 2001. The jump largely reflected car purchases spurred by the government's Cash for Clunkers program that offered a rebate of up to $4,500 to buy new cars and trade in old gas guzzlers.The housing market also turned a corner in the summer. Spending on housing projects jumped at an annualized pace of 23.4 percent, the largest jump since 1986. It was the first time since the end of 2005 that spending on housing was positive.The government's $8,000 tax credit for first-time home buyers supported the housing rebound. Congress is considering extending the credit, which expires on Nov. 30.The collapse of the housing market led the country into the recession. Rotten mortgage securities spiraled into a banking crisis. Home foreclosures surged. The sector's return to good health is a crucial ingredient to a sustained economic recovery.Brisk spending by the federal government, led by efforts to stimulate the economy and on defense, also played into the third-quarter turnaround. Federal government spending rose at a rate of 7.9 percent in the third quarter, on top of a 11.4 percent growth rate in the second quarter.

AP News : Economy grows in 3Q, signals end of recession

Originally Posted by Sunshine

These figures should be taken with some caution. Unemployment is still high, and income is still low. Many areas that facilitate the maintenance of our economy have been kicked in the gut. And those areas are still hurting.

I have even seen dying people rally a bit before they turn their back to the wall and die.

Let's be cautious and not gullible, K.

Originally Posted by AjaxPress

So what? Once the value of those homes goes down to an appropriate level they'll be filled and the housing market will stabalize. The problem is that Republicans are trying to keep the prices artificially high so that the government can buy these overpriced "toxic assets".

Originally Posted by Knute

The economy is turning around primarily due to O's policies. Looks like he won't fail and bring the country down like you want.
WASHINGTON (AP) - The economy grew at a 3.5 percent pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes.The Commerce Department's report Thursday delivered the strongest signal yet that the economy entered a new, though fragile, phase of recovery and that the worst recession since the 1930s has ended.The much-awaited turnaround ended the streak of four straight quarters of contracting economic activity, the first time that's happened on records dating to 1947.It also marked the first increase since the spring of 2008, when the economy experienced a short-lived uptick in growth.The third-quarter's performance - the strongest since right before the country fell into recession in December 2007 - was slightly better than the 3.3 percent growth rate economists expected.Armed with cash from government support programs, consumers led the rebound in the third quarter, snapping up cars and homes.Consumer spending on big-ticket manufactured goods soared at an annualized rate of 22.3 percent in the third quarter, the most since the end of 2001. The jump largely reflected car purchases spurred by the government's Cash for Clunkers program that offered a rebate of up to $4,500 to buy new cars and trade in old gas guzzlers.The housing market also turned a corner in the summer. Spending on housing projects jumped at an annualized pace of 23.4 percent, the largest jump since 1986. It was the first time since the end of 2005 that spending on housing was positive.The government's $8,000 tax credit for first-time home buyers supported the housing rebound. Congress is considering extending the credit, which expires on Nov. 30.The collapse of the housing market led the country into the recession. Rotten mortgage securities spiraled into a banking crisis. Home foreclosures surged. The sector's return to good health is a crucial ingredient to a sustained economic recovery.Brisk spending by the federal government, led by efforts to stimulate the economy and on defense, also played into the third-quarter turnaround. Federal government spending rose at a rate of 7.9 percent in the third quarter, on top of a 11.4 percent growth rate in the second quarter.

AP News : Economy grows in 3Q, signals end of recession

Originally Posted by proUSA

sorry dude...jobs dont follow recovery, they make it.
and the job growth has been pretty much ZERO.....new job growth that is, the few that popped up over spring and summer are dropping because funding has been spent and also because they were temperary jobs.