I’d have much more faith in the stamina of this recovery if Obama had done more for job creation: increased domestic energy production, lower business taxes, harsher line of the hiring of illegals, and so on. Since Obama is doing very little to confront unemployment other than hiring people to fix bridges or to work on his electric grids, I see unemployment continue to soar and be a cancer on all aspects of this economy.

OK, so when hyperinflation kicks in, we’re back to blaming greedy rich CEOs/Wall Street and President Bush, right?

Seriously, the economy may well recover sooner than we think, which means later this year. Obama will get credit for that, unfairly. Just proves that the stimulus was unnecessary. On the other hand, what will Obama do when he can´t exploit panic and he can´t blame Bush anymore?

angryed on April 10, 2009 at 9:43 PM

WTF? You smokin’ somethin’?

Wyznowski on April 10, 2009 at 10:39 PM

No. I am looking at the revenue my business has been generating recently. Oct-Jan was dead. Feb was a little better. March was good. And so far April is shaping up to be excellent. Things have definitely turned around.

Like I said, Obama had nothing to do with it so don’t start calling me a lib troll. Unfortunately Obama will get the credit for being at the right time and right place. Just like Clinton did in 1993. If nothing else Dem presidents are great at timing electoral wins.

I work in the insurance sector, dealing with trade to be specific. From what I have been seeing/reading we are looking at 2009 to be a loss and 2010 to be a wash. People need to stop watching the DJIA… That is not a solid way to gauge the economy. Much the same way people only look at the horsepower on a car, torque is what moves the engine, horsepower is just a measure. I fear we have the same problem with the DJIA. God bless our education system eh?

Europe is on the verge of implosion. Germany, France, England, Ireland, Greece, all had their credit ratings downgraded yesterday. They are still A rated, but a slide is not good sign. Russia is back at C (which means do not give them money.)

We still have a lot to deal with here. For him to say there are glimmers of hope, well, sorry, I’m not seeing it or buying it.

What a vacuous fool.

Politicians and the media.

It would have recovered one way or the other. But with the Suicide Bill (also known as “stimulus bill”), the big bang has yet to come.

BTW… if the “crisis” is “over”, why is Japan’s PM Aso trying push through ANOTHER suicide package and, effectively, burying his chances to be PM ever again? The “stimulus” plans are extremely unpopular in Japan. Aso’s party, the LDP, might as well lose the upcoming elections because of that.

Try again

Barakburg

jdkchem on April 10, 2009 at 8:10 PM

Well just as brother George in Kenya has been helped by brother Barack so shall these people be helped, You know, as Barack claims, words have meaning….What, he hasn’t? George is living off a dollar a month you say? Barack has given him squat?

Never mind.

Media: look at Michelle’s arms.

Are you kidding? Housing is booming!

Barakburg

Thanks to Instapundit for the link and the name.

jdkchem on April 10, 2009 at 8:08 PM

California foreclosures about to soar

I hate to say it but things are looking better. Of course Obummer has nothing to do with it. But there is no denying the recession is just about over.

angryed on April 10, 2009 at 9:43 PM

WTF? You smokin’ somethin’?

Steve Z on April 10, 2009 at 8:52 PM

Look for George Soros to make a major killing in the currency trades. His backing of the neophyte Obama indicates this is all part of a master plan.

Then they passed the Porkulus bill.

Now he waves a magic wand and the economy is recovering. Even though nobody fixed a rusty bridge yet.

Wait till all those newly-printed dollars start getting traded against Euros or yen or Chinese yuan, and Starbucks costs Morebucks.

Obama Nation = Obama-flation.

All hail Jimmuh Hussein Carter-bama.

Try again

Barakburg

jdkchem on April 10, 2009 at 8:10 PM

Maybe they could re-name Cal Expo Barrytown.

Barakburg

Barakburg

Thanks to Instapundit for the link and the name.

/

That glimmer of hope would be a blinding light of real progress if the Dems and government kept their hands out of this whole situation.

coldwarrior on April 10, 2009 at 6:28 PM

100% Right on!

The scariest thing he said: ‘over the next several weeks, you’ll see additional action by the administration…’

Frightening.

More layoffs mean less disposable income. We are at 8.5% unemployment and he said it would not go greater than 7.5%. Where are the jobs he was creating?

60 buses and 170 commuter railcars purchased with stimulus by Chicago transit agencies will ALL be built in Canada, thats where it went. $200mil?

We all get to ride nice new shiny busses and trains to the welfare office. Unfucking real!

DrSteve on April 10, 2009 at 7:28 PM

Oops. Sorry, that was the lackluster performance of Bush’s mortgage relief program.