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Old 09-03-2009, 08:11 PM
 
Location: Hangin' with the bears.
3,813 posts, read 4,915,261 times
Reputation: 915

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Wow! One of the biggest critics of the federal stimulus program is admitting that it's working!

U.S. Economy Gets Lift From Stimulus - WSJ.com

Quote:
The U.S. economy is beginning to show signs of improvement, with many economists asserting the worst is past and data pointing to stronger-than-expected growth. On Tuesday, data showed manufacturing grew in August for the first time in more than a year. "There's a method to the madness. We're getting out of this," said Brian Bethune, chief U.S. financial economist at IHS Global Insight.
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Old 09-03-2009, 08:18 PM
 
27,624 posts, read 21,125,541 times
Reputation: 11095
Quote:
Originally Posted by Siouxcia View Post
Wow! One of the biggest critics of the federal stimulus program is admitting that it's working!

U.S. Economy Gets Lift From Stimulus - WSJ.com
Well, at least he has the integrity to admit it. Won't find much integrity on these boards though. They are too focused on the brainwashing of their kids by Obama.
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Old 09-03-2009, 08:22 PM
 
Location: Michigan
5,376 posts, read 5,346,581 times
Reputation: 1633
Quote:
Originally Posted by Siouxcia View Post
Wow! One of the biggest critics of the federal stimulus program is admitting that it's working!

U.S. Economy Gets Lift From Stimulus - WSJ.com
It can't be true. It didn't come in a email saying "This is for Real!!!!"
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Old 09-03-2009, 08:23 PM
 
Location: Great Falls, Montana
4,002 posts, read 3,905,319 times
Reputation: 1398
Oh sure ... the internet bubble worked ... the housing bubble worked ... and now? The Stimulus Bubble is working.

One question ... What do you suppose we do once the Stimulus Bubble bursts?

Any ideas?
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Old 09-03-2009, 08:26 PM
 
Location: Hoboken
19,890 posts, read 18,752,619 times
Reputation: 3146
Quote:
Originally Posted by Siouxcia View Post
Wow! One of the biggest critics of the federal stimulus program is admitting that it's working!

U.S. Economy Gets Lift From Stimulus - WSJ.com

Over the short term.

"Stuart Hoffman, chief U.S. economist for PNC Financial Services Group, said the stimulus package "caused this bit of a concentrated burst [that] probably will exaggerate the pace of economic growth," since some areas, such as auto sales, could fall back to low levels."
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Old 09-03-2009, 08:27 PM
 
7,380 posts, read 15,675,363 times
Reputation: 4975
Ichecked snopes and its for serious!!!
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