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Consumer Sentiment is down again. The anticipation of Repubs possibly taking over the House, which would guarantee no help on the jobs problem, taking its toll.
Ummm the stock market isn't the economy, unemployment, GDP etc are. But I understand why you don't want to address them.
By the way, consumers aren't spending.
The stock market sure reflects consumer spending!
BTW, I am not finding the same information about consumer spending as you.
Quote:
The U.S. economy grew at a 2 percent annual rate in the third quarter as consumer spending climbed the most in almost four years, a sign the expansion is developing staying power.
Quote:
Household purchases, about 70 percent of the economy, rose at a 2.6 percent pace, the best quarter of the recovery that began in June 2009.
Wow, look at that massive growth spike under Reagan. Nothing in the 90s even came close to that 7.2%.
Yeah, love that false 7.2% GDP growth, but you seem to be forgetting the 10.8% unemployment that went with it. The increase in deficit that went with it, and was the underlying cause of the problems we face now. The anemic wage growth (except for those at the top 1%) of the 99% of the U.S. versus the 90's where EVERYONE's wages increased.
Sure, looking specifically at one number looks good, but putting it all together gives you the real picture to see that just because one number is great, and all the others are crap means that the overall picture is crap.
But nice try...well not really, kinda lazy actually. Better luck next time.
Consumer Sentiment is down again. The anticipation of Repubs possibly taking over the House, which would guarantee no help on the jobs problem, taking its toll.
I must admit I am enjoying the desperation of the left. We haven't even kicked Pelosi out of her office yet and they are trying to pin Obama's mess on Republicans. Nice try.
By going back to those failed right wing policies that got the country into the mess in the first place?
when has anyone right or left tried to actually cut the budget. That policy ha snot been tried and so it has not failed. To address the budget you must address entitlements. The only group who tried to address entitlements were blocked by the democrats.
tax cuts without spending cuts i agree failed.
Spending wildly out of control to the tune of 1.3 trillion dollar deficit out of control and failure
So why not try addressing the issue . its clear the democrats will not do so. if the republicans do not they again will be voted out.
So we are not going back to a failed policy this new group want a new policy stop the spending. No one has tried that so how do you call-it a failed policy
Oh yea you think spending us into oblivion is a successful policy
It is not where we need to be but better than it has been. Maybe there is some light at the end of the tunnel.
The economy has to grow at a 5% rate to put an serious dent in unemployment. The thing is we may be stuck in a 2% to 4% range for some time. There is simply not enough innovation or consumer demand to get things going at higher rate.
Consumer Sentiment is down again. The anticipation of Repubs possibly taking over the House, which would guarantee no help on the jobs problem, taking its toll.
Sounds like an oxymoron...
I think consumer sentiment is a reflection of current events.
If Republicans get in then the majority want them in.
I have read that this is the year of "The angry voter".
I think emotions rather then logic will run this current election.
People will not do their homework on the all the issues/people up for election/re-election. I think they will be too easily swayed by the MSM and the MSM seems to be projecting a Repub win.
I voted to send some Dems back to their jobs. Not all mind you but the ones that had a good track record.
Well 2 years of total Dem control didn't fix anything..did it ?
Just got us more into debt with continued spending.
The fiasco called the stimulus got many Americans angry once the projects started to surface...bridges to nowhere, money unaccounted for, money given to non existent districts..the list goes on and on.
This is not just a recession this is an economic restructuring. If you look at the historical periods in this country where we have economic restructuring i.e. The Great Depression and the recession of the mid to late 1970 to mid 1980's the amount of time to get the economy going was more than 2 years.
The problem with most American people is that they don't understand that the economy is being RESTRUCTURED and it going to take several years. That goes against the immediate gratification mentality that most Americans have.
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