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As am I. Things are improving and it does not depend on the continually skeptic agreeing with it to be a fact. I believe some here do not want any improvement since it would leave them having to come up with something other than "they are not the other guy" when their candidates run for office. Whining is easy, coming up with original ideas on how to deal with the issues is a lot harder, cutting everything across the board by a certain percentage and tax cuts are not original thinking and will not work.
Casper
You need to cut government spending so the private sector has the money. The private sector create jobs, government creates debt. Until the private sector knows what is coming they wont spend their money hiring. That's the rub, the uncertainty.
How can the private sector plan when they have to worry how the government will manipulate the economy?
I mean when will we see 100s of thousands of new jobs being created every month? When will home values start rising again? When will it not take 1 year to find a retail job?
GDP growth rates are positive, it seems the corner has been turned
You need to cut government spending so the private sector has the money. The private sector create jobs, government creates debt. Until the private sector knows what is coming they wont spend their money hiring. That's the rub, the uncertainty.
How can the private sector plan when they have to worry how the government will manipulate the economy?
Has what money? Whose money? Are you saying we cut expenses so we can hand the money to businesses? That is just another form of socialism.
Then why did we need the unemployment extensions??
So that many Americans, Republican and Democrat alike could continue to feed their families and help pay some of their expenses, something the right does not care about and are against. Plus, if they had not extended them the Repubs in Congress are not so stuipd that they do not know the backlash at the polls would be nasty for the GOP. Any other questions?
Casper
I mean when will we see 100s of thousands of new jobs being created every month? When will home values start rising again? When will it not take 1 year to find a retail job?
I voted 2 - 5 years because it is 2 years to the change of Presidents and probably the numbers in the Senate so we can't hope for it any sooner than that. I listened to Obama's speech to the National Chamber of Commerce today and think I heard more potential lies in it than in most of his campaign speeches. He got some muted applause now and then so maybe some of those people really believed him.
I mean when will we see 100s of thousands of new jobs being created every month? When will home values start rising again? When will it not take 1 year to find a retail job?
You will see the number of new jobs being created up near the 200,000 mark by mid-summer. The recovery started last spring but then stummbled (probably because too many folks were still too nervous) over the summer before resuming again in the fall. This time around there's not likely to be any looking back & the recovery will regain the momentum it started with last spring.
I'd predicted last year that we'd end 2010 with the Unemployment rate under 9% (in the 8% something range). December of 2010 had an UE rate of 9.4% - which was considerably higher than my prediction. However, just 1 month later (ie last month (January 2011) it had dropped to exactly 9% (just 1/10 of a point higher than my prediction for the month previous). So, I was 1 month late + 1/10th of a point low in my prediction done early/mid last year. I don't feel too bad about that.
I predicted that by this time NEXT year the UE rate will be under 8% (in the 7-something percent range).
PS - Home values to stabilize THIS year & begin rising (just a little) NEXT year.
A strong rise in home values is likely 3 years away.
Ken
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