The truth about Obama's economy---Top Bank Analyst Predicts 13% Unemployment

[BestintheWest]

Originally Posted by shaker281

A "jobless recovery" sounds better to me than no recovery at all. Let us hope that job creation occurs faster than predicted. Even though many would prefer that not to happen for political reasons.

I think you got it right, "no recovery at all".

It will be years until the unemployment mess and housing is rectified.

Corporate profits are great for wall street and their bundles of cash impressive, but mainstreet is not in a recovery.

[shaker281]

Originally Posted by aliveandwellinSA

I think you got it right, "no recovery at all".

It will be years until the unemployment mess and housing is rectified.

Corporate profits are great for wall street and their bundles of cash impressive, but mainstreet is not in a recovery.

I do not recall anyone from any party claiming some quick road to recovery. The signs of economic recovery are many, but we are digging out of a huge mess and employment will likely be the last thing to improve, unfortunately.

If the same indicators were being professed by the political party you subscribe to, I suspect you would be touting them. Therefor this is both political and rhetorical, not based in economic facts.

BTW, do you own stocks, mutual funds or any equity based investments? If so, corporate profits are directly related to your situation. If not, then it might be a good time to buy.

To sum it up, the fact that it will take years for housing and employment to improve does not mean we are not seeing gradual improvement. I remain hopeful, but only time will tell.

[BestintheWest]

[quote=shaker281;14271685]

If the same indicators were being professed by the political party you subscribe to

BTW, do you own stocks, mutual funds or any equity based investments? If so, corporate profits are directly related to your situation. If not, then it might be a good time to buy.



I do not subscribe to any political party, was your first error.

I own stock, mostly bonds and no mutual funds. Thank you very much, I am up 23.4% year to date.

Your summation is correct.