Economy Expands 3.5 Percent in Third Quarter, Biggest Growth in 2 Years - Political News - FOXNews.com So is this rise in GDP artificial (only the effect of the stimulus)? I ask because we still have unemployment on the rise in this country and I'm not sure what the stimulus is doing about creating/spurring new industry in America. I know I'm dumb and Rohm will probably chastise me, but we need to start making something again. Otherwise the capitalism thing is not going to go so smoothly round here.
Nope, any sources that agrees with Faux News is also wrong. I saw this on Yahoo: Economy growing but recovery could be at risk - Yahoo! News It's interesting that the link to it on the main page flat out says that the recession is over. The article also says, "For the Obama administration, the positive report on economic growth is a delicate one: It wants to take credit for ending the recession. On the other hand, it needs to acknowledge that rising joblessness continues to cause pain throughout the country." The Obama administration had also be careful because they they don't want to declare the recession over and then it come back. Otherwise they'll get compared to Bush's "Mission Accomplished" speech on the aircraft carrier. They would also loose the ability to say they inherited the recession.
WORD!! I don't think it's over. If I were his adviser I would tell him to ask people to be patient and cautious. While this is a good sign we aren't out of the woods yet.
actually you are right, the stimulus package is not working like it was intended, and it never will. you are also right in that we need to start increasing our manufacturing capability again and put people back to work. we are not going to do that by spending money we dont have, raising taxes, and enlarging the unions. sof ar everything that obama is doing and wants to do is going to hurt the economy. at one time full employment was 97%, now there are noises coming from this administration that we can expect full employment to be closer to 92% for a long time to come. the sad thing is that it doesnt have to be that way.
