What is an 'economic recovery' in your eyes? (unemployment, support, rates)

[oz in SC]

It seems people have become so dug in that some fundamentals are lost...

For example,to those who support the enormous amounts planned to be borrowed for our recovery,what IS a recovery?

Is it getting us back to three years ago?

Or five years ago?

Is it being able to buy more on credit and have your house 'appreciate' 20% a year?

Because it seems to me that the idea that you can keep borrowing to live a good life eventually has to end...

But what do I know.

[Yeledaf]

Originally Posted by oz in SC

It seems people have become so dug in that some fundamentals are lost...

For example,to those who support the enormous amounts planned to be borrowed for our recovery,what IS a recovery?

Is it getting us back to three years ago?

Or five years ago?

Is it being able to buy more on credit and have your house 'appreciate' 20% a year?

Because it seems to me that the idea that you can keep borrowing to live a good life eventually has to end...

But what do I know.

Good points, oz.

Maybe what we really need to "recover" is our common sense.

[fatchance2005]

Originally Posted by oz in SC

It seems people have become so dug in that some fundamentals are lost...

For example,to those who support the enormous amounts planned to be borrowed for our recovery,what IS a recovery?

Is it getting us back to three years ago?

Or five years ago?

Is it being able to buy more on credit and have your house 'appreciate' 20% a year?

Because it seems to me that the idea that you can keep borrowing to live a good life eventually has to end...

But what do I know.

Unemployment below 5%. Interest rates below 7% Inflation below 4%. Economic Growth of 2-4%.

[ovcatto]

Originally Posted by fatchance2005

Unemployment below 5%. Interest rates below 7% Inflation below 4%. Economic Growth of 2-4%.

Pretty simple ain't it.

[oz in SC]

LOL...so simple...

So when was the last time our society was like this???