Comments on: TNR’s Judis: Economy Still Collapsing

By: izoneguy

izoneguy — Mon, 29 Jun 2009 20:03:14 +0000

I tell my wife & family this everyday. Of course they are in denile much like the rest of America. I will continue to work hard and pay the bills until it collapses and I can’t fix it.

By: IJB

IJB — Mon, 29 Jun 2009 19:14:17 +0000

Unlike ‘boom-bust’ cycles in the past, there is *nothing* going on right now to trigger a recovery.

I mean, what would trigger it?! – Higher taxes? (Nope.) Housing rebound from lower interest rates? (Not for much longer, thanks to exploding national debt!) A stronger dollor? (Ditto!) A likely trade war? (Thanks AFL-CIO pwned Democrats!!) A coming World War?! (gulp… but it can’t be ruled out with Zero in The White House.)

There is literally no good news, either domestically or internationally that looks like it can spur any sort of recovery. I don’t even think there’s been much luck in the inventory reduction front.

Let’s face it – we’re all in ‘keep your head down’ mode through Nov. 2010, at the earliest.

By: streetwise

streetwise — Mon, 29 Jun 2009 18:56:15 +0000

as further explored here:

http://www.theminorityreportblog.com/story/streetwise/2009/06/29/unemployment_obama_s_achilles_heel

By: farstar99

farstar99 — Mon, 29 Jun 2009 18:54:35 +0000

Media manipulation of the facts doesn’t appear to be, either.

If you look at the actual figures, instead of the Obamamedia distortion of them, unemployment is rising, starts are dropping, only artificially inflated stocks are “improving” (and only when you accept false premises) and inflation is looming.

By: LJ "Beaglescout" Miller

LJ "Beaglescout" Miller — Mon, 29 Jun 2009 18:07:46 +0000

By: 6eorge Jetson

6eorge Jetson — Mon, 29 Jun 2009 17:41:18 +0000

By: 6eorge Jetson

6eorge Jetson — Mon, 29 Jun 2009 17:40:12 +0000

Hope it works better this time.

By: czs

czs — Mon, 29 Jun 2009 17:28:49 +0000

Remeber, Bush put through a “paltry” $152 billion in direct payment checks in early 2008. If they try this, I think it is a great ‘teachable moment’ for the fallacy of these Keynesian efforts at stimulating demand, and one that might penetrate the MSM’s protective shield around Obama’s policies. The message could be:

“Bush tried a ‘stimulus’ in early 2008 with direct payments to consumers and damaging ‘gimmicks’ like increasing the ‘conforming loan’ limits for federally-backed housing loans). We got a brief blip in GDP from the direct payments, but then the housing bubble burst and we slid into near chaos.”

“Obama tried a stimulus over five times as large in early 2009. We got no GDP gain at all, accelerating unemployment, a rise in interest rates, and a deficit that is finally big enough to burst the ‘bubble’ of our global financial credibility.”

“Rather than try a third one and see what breaks this time, maybe we should just hunker down, get the fiscal house in order, and emerge with some fiscal sanity that will promote long-term growth.”

This is the kind of ‘pox on both houses’ argument that might actually get through the MSM. Tthey get to say something bad about Obama – which allows them to pat themseves on the back for being unbiased – but can still say something bad about Bush in the same breath – thus feeding the liberal beasts within that perpetually leech at their bleeding hearts.

By: izoneguy

izoneguy — Mon, 29 Jun 2009 17:08:13 +0000

Heh, Heh, – Maybe if these jerks would get off the Obama bus they might have a chance. The reset that GE needs is to quit kissing Obama butt. But it might be too late for GE/NBC to stop this slide.
The irony – they got this steam roller started and now look like they will be steam rolled by it.
Not really crying bout GE….and soon NBC will feel the heat.

CEO Jeff Immelt is talking about a ‘reset’ that should help GE, but investors are tired of GE Capital’s poor performance. Stock is Dow’s worst performer this year.

http://money.cnn.com/2009/06/29/markets/thebuzz/index.htm?cnn=yes

By: 6eorge Jetson

6eorge Jetson — Mon, 29 Jun 2009 16:58:56 +0000

…and so we’ve seen a “it’s not the Great Depression II” rally.

The market has gone from extremely fearful to “meh”.

I’d like to hear Francis’ take on this.