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What happened to all of the doom and gloom economic threads?

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IrezumiKiss said:
Suggested reading

W.H. hopes you catch ...

By POLITICO STAFF | 08/30/10 11:42 AM Updated: 08/30/10 11:47 AM

... news that consumer spending increased in July more than it was expected to [the actual number was so insignificant that a revision will most likely eliminate it], giving hope for an economic recovery and countering last week’s reports of weak home sales [nice understatement, of course, it was "unexpected" too...].

Bloomberg reports that the spending indicates that “the economy may avoid slipping back into a recession,” and that “purchases rose 0.4 percent, the most since March, after little change the prior month.”

Reuters adds, “The income and spending report was a relief after a raft of weak data for July that had fueled fears economic growth might continue to slow during in the third quarter.” [In other words, this was the ONLY bright spot in a sea of bad news and it was a dim light.]

John Canally, an economist at LPL Financial in Boston, told the wire: “On the real wage side, you had a good bump that’s a sign that income is recovering from the recession. On the spending side, the quarter is off to a solid start.”

0.4 SOLID?

http://www.politico.com/politico44/perm/0810/suggested_reading_d4c857cf-b052-4ed0-9547-29f1cd40c566.html
Click to expand...

Notice the language...

What's the economic growth rate in Germany?
 
vetteman said:
All part of the Obama recovery, right UD?


Dow Logs Worst August in 9 Years

By JONATHAN CHENG And KRISTINA PETERSON

Stocks limped to their worst August since 2001, battered by a wave of discouraging data that cast doubt on the faltering economic recovery.

Investors now enter September, a month that has been historically challenging for the stock market, against a backdrop of broad uncertainty, including slow growth and deflation fears.

The Dow Jones Industrial Average battled to a stalemate on Tuesday, rising 4.99 points, or 0.05%, to finish at 10014.72. The blue-chip index's 4.3% drop for the month was the worst since a dismal May, and the measure's first down August in five years. The Dow had rallied 7.1% in July.

Rest of story here:

http://online.wsj.com/article/SB100...8596.html?mod=WSJ_hpp_LEFTWhatsNewsCollection
Click to expand...



What would McCain/Palin have done?
 
Who knows?


All we know is what Obama/Biden did.


You can't make your guy look better by submitting that someone else would have been just as bad, or that it's someone else's fault; both are tacit admissions of failure. As U_D sees it, your job, like Baghdad Bob's, is to keep touting SUCCESS!

Woo Hoo! WE got us out of IRAQ!

Woo Hoo! WE won the war by opposing the SURGE!!!
 
Beco said:
Really? All in all, Gates is doing what he loves, and just happen to pick up a fe billion along the way. Do what you love.....they say
Click to expand...
Beco, being a totally boring ass just never gets old for you, does it?
 
Oh my! What a day, Manufacturing up, consumer demand up, housing prices, up.....dow up 245! Okay....
 
283,00 jobs lost during the "Summer of Recovery".

" It could have been worse."
 
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