An Economy Only a Mother Could Love

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As long as families are living in the parking lots of WalMarts and Krogers, losing their homes and losing their jobs, there is no recovery. I'm sick of hearing how much better things are getting as more businesses fail in my city.

Bunnie of GA 8:23PM September 29, 2009

Why aren't your articles on the front Page...why do we have to search for them???
Your are speaking what most Americans are thinking.....

Jessica of GA 10:04PM September 25, 2009

1929 October -- The stock market crashes, marking the end of six years of unparalleled prosperity for most sectors of the American economy. The "crash" began on October 24 (Black Thursday). By October 29, stock prices had plummeted and banks were calling in loans. An estimated $30 billion in stock values "disappeared" by mid-November. November -- "Any lack of confidence in the economic future or the basic strength of business in the United States is foolish."--President Herbert Hoover (http://www.pbs.org/wgbh/amex/rails/timeline/).
Did I not hear President Bush say everything was fine? There was no depression?. Maybe I was studying The great depression and Had a dream. Anyway, the quote above says we had six years of unparalleled prosperity. for most sectors before the crash. What happened Some body Get GREEDY.
“Luke 12: 48 But he that knew not, and did commit things worthy of stripes, shall be beaten with few stripes. For unto whomsoever much is given, of him shall be much required: and to whom men have committed much, of him they will ask the more”.
You may not believe in the same type of god that I believe in but the bible is the core of Americas belief and if you study the new testament you will find it is the basis of our freedoms.
Man have tried to control other men through religion, education, health, brute strength and by spreading rumors and out right lies. America and along with some other counties has developed a system where such controls do not have as much of an effect on us as before.
Lies and rumors still effect those who do not keep up with whats happening in the system.
unless your IQ is below that of a three year old. If you are informed lies and rumors will have less of an effect on you.
Looking for dirt on one another while we should be looking for solutions is slowing down our recovery and could prevent it. We all have important concerns, Some is for one mans well being and some is for all peoples well being.
Until we recover we should be more concerned about Americas well being
Don D. Brock
White house response page
http://www.whitehouse.gov/contact/
Key Facts About The Great Depression
http://students.umf.maine.edu/~nielsemj/thegreatdepression/d1.html
Public Broadcasting service
take on the great depression
http://www.pbs.org/wgbh/amex/rails/timeline/

Don D. Brock of AZ 12:27PM September 13, 2009

The two sectors of the economy that MUST show improvement are the unemployment rate and the housing industry (With the unemployment rate getting the nod for emphasis). It is impossible to have real economic recovery without a reduction in the unemployment rate, it produces a tremendous strain on the economy. Jobless people do not spend (and even if they did, it would be with YOUR money). The housing industry is responsible for a large portion of economic activity in American markets--home improvements and such.
With the housing market flat, foreclosures continuing to roll in, and homeowners reluctant to spend on home improvements, the economic recovery will be dead on arrival until these trends reverse themselves. Minor fluctuations in the stock market do not signal a trend reversal in the overall economy. Macro-enonomics may not always be accurate, but it would be wise to listen carefully to their sage advise. Our economy runs on consumer confidence and consumer spending. Wherein lies the current motivation for these two habits to improve significantly?

Ken of KS 4:19AM September 13, 2009

"and most economists expect the unemployment rate, now 9.7 percent, to keep rising until the middle of 2010. "
if there is one thing the last year should have taught everyone it is not to trust macroeconomists. They consistently fail to realize how quickly economies can change in either direction. When things are gloomy they predict more gloom, when things are booming they predict more boom.
As for jobs, a look at data for previous recessions shows that jobs typically get added to the economy at the end of a recessoon about as fast as they were lost at the start. There is every reason to expect this will happen again. My predictions are as flawed as any by macroeconomists, but predicting a jobless recovery before the recovery has even started is silly.

Glmory of CA 2:17PM September 12, 2009

The corporate productivity gains are real because the crash cut some of the fat.
The US economy during the boom was driven by reckless debt outlays and overheated consumer spending. Sustainable economic growth is driven by innovation, which is made possible by smart investing by individuals and banks.
No doubt this is tough on Americans used to a certain standard of living for a certain amount of work. It's a kick in the head to know that someone better educated and willing to work longer hours in Asia can also be paid less.
It's time to readjust our expectations.

Bob of CA 10:37PM September 11, 2009

How about all of civilization just declares bankruptcy and starts fresh?
Then, everyone will have to live within their means (people and governments alike), which will prevent future meltdowns once out of the big hole.
Since we're socializing everything else, why not just spread the collectivist mentality around on a really grand scale and just declare the entire civilized world bankrupt!
Scary thing is that it's kind of...um...well...it's pretty much true.
Yikes.

Angie Koutrotsios of IL 7:27PM September 11, 2009

if we had a good DETAILED accounting of the complete contents of "GDP"---broken down to a complete list of components---quarter by quarter, we would understand what the economists think is a "recovery".
Truth of the matter is, the stock market overshot to the downside when it appeared the financial system was in total collapse. Then the government (especially the Federal Reserve) injected trillions of dollars (that they don't have) and trillions dollars of "guarantees" (that they can't cover) into everything in their sight. Then the stock market rebounded too far and too fast. That's your recovery and it exists mostly for market timing traders.

Muser of NM 11:49AM September 10, 2009