U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
 
Old 07-14-2010, 04:01 PM
 
69,360 posts, read 57,655,405 times
Reputation: 9372

Advertisements

Fed Warns Economy May Take Five or Six Years to Recover

Federal Reserve officials now fear that the U.S. economy will take at least five or six years to fully recover from the biggest economic downturn since the Great Depression

Fed officials also trimmed their forecasts for growth this year to a range of between 3 percent and 3.5 percent from the 3.2 percent to 3.7 percent they projected in May.

Someone remind me again how much of this growth is GOVERNMENT growth?
Quick reply to this message

 
Old 07-14-2010, 04:06 PM
 
Location: Columbus
4,878 posts, read 4,056,533 times
Reputation: 1448
Quote:
Originally Posted by pghquest View Post
Fed Warns Economy May Take Five or Six Years to Recover

Federal Reserve officials now fear that the U.S. economy will take at least five or six years to fully recover from the biggest economic downturn since the Great Depression

Fed officials also trimmed their forecasts for growth this year to a range of between 3 percent and 3.5 percent from the 3.2 percent to 3.7 percent they projected in May.

Someone remind me again how much of this growth is GOVERNMENT growth?
It's no surprise. Anyone that listened to Obama during the campaign should have figured he would be a disaster economically.
Quick reply to this message
 
Old 07-14-2010, 04:12 PM
YAZ
 
Location: Phoenix,AZ
7,188 posts, read 12,322,727 times
Reputation: 6487
Don't let our wonderful Congress off the hook.
Quick reply to this message
 
Old 07-14-2010, 04:25 PM
 
Location: Redondo Beach, CA
7,368 posts, read 7,401,346 times
Reputation: 7605
How long do you suppose it would have taken to recover under John McCain and Sarah Palin?
Quick reply to this message
 
Old 07-14-2010, 04:46 PM
 
Location: Earth
24,629 posts, read 25,682,801 times
Reputation: 11347
After the R's took 8 years to completely destroy it?
That's no time at all.
Quick reply to this message
 
Old 07-14-2010, 04:54 PM
 
1,461 posts, read 1,345,458 times
Reputation: 790
It took the GOP 8 years to wreck it and it will take that long to fix.
Quick reply to this message
 
Old 07-14-2010, 04:55 PM
 
Location: Wichita,Kansas
2,731 posts, read 6,218,999 times
Reputation: 1348
Quote:
Originally Posted by chielgirl View Post
After the R's took 8 years to completely destroy it?
That's no time at all.
The Dems have had control for quite a few years before Obama got..
Elected.However theres plenty of blame to go around for both parties.
Not to mention greed,people living beyond their means,etc that..
Caused this mess.
Quick reply to this message
 
Old 07-14-2010, 04:56 PM
 
Location: AZ
2,052 posts, read 3,373,056 times
Reputation: 3524
Quote:
Originally Posted by chielgirl View Post
After the R's took 8 years to completely destroy it?
That's no time at all.

Ahhh..I see you're following the Democratic handbook right to a tee. When all else fails Blame the other party!! Guess you forgot that since the Dems. took control of congress in '06 the countries gone on a downward spiral. This MESS was caused mainly from the financial industry and do I need to remind you who was in charge of that too? Psst..Christopher Dodd(D) Actually goes even farther back to Clinton and Ted Kennedy wanting to give low income people housing, but I'm sure you already knew that!
Quick reply to this message
 
Old 07-14-2010, 05:00 PM
 
3,767 posts, read 4,066,010 times
Reputation: 1393
The sad truth is that Obama has absolutely no idea how to "fix" the economy. Shameful. The left wanted a smooth-talking mouth piece and they got him.
Quick reply to this message
 
Old 07-14-2010, 05:00 PM
 
Location: Columbia, SC
20,092 posts, read 11,147,322 times
Reputation: 8064
Quote:
Originally Posted by pghquest View Post
Fed Warns Economy May Take Five or Six Years to Recover

Federal Reserve officials now fear that the U.S. economy will take at least five or six years to fully recover from the biggest economic downturn since the Great Depression
If this is true, it sounds like it's time to invest with payday or car title lending firms or some other company run by predatory bloodsuckers.

They'll have a field day if the economy doesn't perk up.
Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:
Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

¬© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top