Retail sales dip unexpectedly, jobless claims rise

[HAL 9000 96]

Even if he hadn't said it - it should really be bloody obvious.

Because of course, economic recovery happens overnight.

Indeed. Because that's how a Messiah rolls to those that use the term.

[luckytxn 2,265]

Does no one remember how Obama said many times that things were probably going to get a lot worse before they got better? He said it might take a year or it might take a whole term for things to turn around. It took us years to get ourselves into this mess. Logic would dictate that it's going to be years to get us out of it, if it can be done.

I actually think that when the history of this period is written, the key actors in both the final days of the Bush administration, and the first months of the Obama administration, will be seen as heroes.

Last Sept Paulson, Bernanke, and Geitner (at the NY Fed) and Congress quite literally saved the nation and the world economy. Yes -- Hank Paulson, Bush's Treasury Secretary.

And, this year in Feb, it was again Geitner, Bernanke and Congress that have prevented this recession from turning out much, much worse than it otherwise would have been.

Or the likelihood is that they made it worse.

[I AM NOT THAT GUY 5,715]

Does no one remember how Obama said many times that things were probably going to get a lot worse before they got better? He said it might take a year or it might take a whole term for things to turn around. It took us years to get ourselves into this mess. Logic would dictate that it's going to be years to get us out of it, if it can be done.

I actually think that when the history of this period is written, the key actors in both the final days of the Bush administration, and the first months of the Obama administration, will be seen as heroes.

Last Sept Paulson, Bernanke, and Geitner (at the NY Fed) and Congress quite literally saved the nation and the world economy. Yes -- Hank Paulson, Bush's Treasury Secretary.

And, this year in Feb, it was again Geitner, Bernanke and Congress that have prevented this recession from turning out much, much worse than it otherwise would have been.

Or the likelihood is that they made it worse.

Especially, since only 15% of the TARP funds have been spent to this point. However, the tightening of the credit market is a good thing, and in retrospect, is problably one reason we have not seen rampant inflation that normally accompanies such a large increase in the money supply. The treasury has been disciplined in gradually increasing the speed with which they are selling the debt. Perhaps that is one reason the TARP has not been released as fast as some would have hoped.

Edited August 13, 2009 by Mister_Bill

[mawilson 2,133]

Especially, since only 15% of the TARP funds have been spent to this point.

You're thinking of stimulus #3. Most of the TARP money has been spent (some of it paid back.)

[I AM NOT THAT GUY 5,715]

Especially, since only 15% of the TARP funds have been spent to this point.

You're thinking of stimulus #3. Most of the TARP money has been spent (some of it paid back.)

Right. The economic stimulus package. That "recovery" plan.

[Pinocchio Liberal 268]

Especially, since only 15% of the TARP funds have been spent to this point.

You're thinking of stimulus #3. Most of the TARP money has been spent (some of it paid back.)

Barney Frank is lookin to spend what was paid back. Insanity I tell ya!

[Joseph & Ana 0]

Remember whenever the economy did well under Bush it was "unexpected"? Now, whenever it does poorly (which is every day) under Obama its "unexpected". Correlation?

Is that one of those things that "well-documented" if we go look up some stuff - like Rush's 98.8% accuracy rating?

Good to see your obsession continues..

[dalegg 143]

Trying to gauge where we are in a recovery by looking at any given report any given month is pointless.

Things are better now than they were 6 months ago. Things still suck now.

What you talkin bout Willis? Better for some stock holders, but that's about it!