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Goldman Sachs: Economy Looks Bad for 2010. Sorry, Democrats.

January 26, 2009 RSS Feed Print

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Democratic incumbents might want to factor this economic analysis from Goldman Sachs into their 2010 midterm election expectations:

Turning to individual regions, we expect US GDP to contract by 1.6% in 2009. Growth should turn positive by the middle of the year, provided the new administration successfully implements the proposed US$825bn two-year fiscal stimulus package. We expect growth to improve to 1.2% in 2010.

Me: If this forecast turns out to be anywhere close to being accurate, you are going to have one mess of angry voters going to the polls. With trillions of dollars being spent , and Dems controlling the White House and Congress, "Blame Bush" isn't going to cut it.

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It is not very economical to have two electricity companies, water companies, sewage treatment, or natural gas companies serving the same street. ,

Wolf30 of AR 5:43PM October 22, 2009

Hey, socialized medicine is better than no medicine. You are obviously not one of the 46 million uninsured. Coming from Canada and having lived in the US for 20+ years I can say that it is unconscionable to live in a country that does not have a problem spending money on military or NASA but can turn a blind eye on its own people. No need to fear socialism as it is to fear ignorance.

Camberly Lillich of CA 12:41PM July 14, 2009

The Economic Downturn:
My fellow Humanbeings it's only temporary. Don't be scared. Scared is what the evil doers want you to be. This severe economic downturn was not unforeseen. Many of us tried to warn everyone that we could years ago. And we did our humble best to head it off, and limit it's destruction. But their were some very powerful, and Evil forces at play that limited our ability to completely stop this economic downturn before it happened.
Fear not my fellow humanbeings. Your future, and the future of the World is very BRIGHT! now. :-)
The World has continued to be blest with excellent leaders who have brilliantly handled the dangers, and complexity's of our geopolitical challenges. And with the help of the world, America has now elected a new President (President Barack Obama), and a government who stands ready to lock arms with the rest of the World's leadership in solidarity towards a better World for all.
President Obama's choice of Cabinet, and advisers has been nothing short of brilliant. And his performance has been excellent. I believe President Obama stands ready to do whatever he has to do to see the American people, and the World through this crisis.
So spend, but spend wisely. Trade with each other, but trade wisely. Live, work and enjoy the majesty, and miracle of your existence in the community of humankind. This is a great time to be alive. :-)
It is not an accident that humanity exist on a small blue planet tucked in the safest corner of the universe. A planet with a constant source of warmth and energy from the sun. A planet surrounded buy a forcefield we call an atmosphere. And an atmosphere that keeps in the things we need to survive, and keeps out most of the things that could harm us. :-)
It is not an accident that the mass and orbits of the planets, moons, asteroids, and other heavenly body's are perfectly aligned to harmlessly deflect the larger objects that could hurt us away by gravity. Deflecting danger into outer space. Or into the sun.
The sun still shines on us. And our future is GOOD! This economic downturn is just a little darkness before the dawn.
Things are going to be GREAT! That is what you have chosen. The new Renaissance has begun.
God bless all of us
Jacksmith --- Working Class :-)

jacksmith of TX 7:11PM January 26, 2009