Remember they dropped 1.5 trillion dollars into the economy, of course their will be an influx..

If you think this is over, I'll assume you are new to this website and economics 101.

[edit on 29-10-2009 by CanadianDream420]

WASHINGTON (AP) -- The economy grew last quarter for the first time in more than a year. The recession is over.

Wow, that is such great news. The recession is over! Man I’m excited. That was a close one. I thought we where screwed. Now all we need to do is start hiring so people can start spending money. Who's first? Wait.....what did you say?..........

Federal support for spending on cars and homes drove the economy up 3.5 percent from July through September. But the government aid -- from tax credits for home buyers to rebates for auto purchases -- is only temporary. Consumer spending, which normally drives recoveries, is likely to weaken without it. If shoppers retrench in the face of rising joblessness and tight credit, the fragile recovery could tip back into recession.

Oh crap, you mean the government giving away all that money that created record debt and is causing the dollar to fail was the real reason we had positive growth?.......Well that means we are not really...............Damn......

GDP grow is a fake indicator in my book since all you need to make the GDP grow is government spending.

So if the GDP growed 3.5%/14.4 trillion, that equals around 0.5 trillion...meaning if the US government wouldn't have spent the trillions they have, the ``real GDP`` would still be falling.

If we say the GDP is growing, then, we can say that China's GDP is growing, since most of the China GDP is in fact government spending...

What kind of GDP do we want? The people's GDP... or the government's GDP?

I saw this on AOL, and money.aol.com, and i can tell you one thing, I DONT BUY IT!

with the bailouts and the govt help with the economy makes me think this is going to be a one time thing.

this is just manipulation, give false hope on a synthetic market, will just sucker more people in...

(sigh...)

I am so excited by this great news! The economy is growing. Inflation is at a negative rate. Wow! I am reaping big benefits from all this flurry of economic recovery! My dollar goes farther now! Oh, and the price of natural gas is going to drop this winter, too! Huh? My gas company just requested an increase in price for the gas they sell me? WTF? Somebody clue them in on this recovery and drop in price. Also, somebody please inform those that sell me food, clothing, gasoline, meds, etc. that they don't need to keep on raising their prices. Meanwhile in my town there was a job opening for a clerk in an office. The job is temporary. 80 people applied for this job. Some applicants were willing to relocate for this temporary job that pays 10 dollars/hour. I fail to see any recovery. Am I just too stupid to understand simple economics? Maybe, since I am a public college educated accountant.

Originally posted by kyred
I am so excited by this great news! The economy is growing. Inflation is at a negative rate. Wow! I am reaping big benefits from all this flurry of economic recovery!

I know, me too! I just got a $100,000/year job, hubby and I moved into a HUGE house, we both got new cars, and have 5 vacations planned for next year.

Oh, wait, that was a dream? Crap.

I've alreaďy expressed my feelings on this errrr..... news.... but I would like to point out:

You need TWO consecutive quarters of positive economic growth to be out of a recession.

Originally posted by Agent_USA_Supporter

Huh where are the jobs?

No doubt. I've been looking for one for a while. As soon as jobs start becoming readily available, I'll jump on the bandwagon and celebrate the end of the recession.

Until then? I'll keep my food stockpiled.

Maybe there really is some growth. Is that a good thing, really? You can't have growth, without using up resources. Growing for the sake of growth is nothing more than how cancer cells function. Most living things stop growing and just maintain.

I for one would be just fine with our economy functioning properly, maintaining a steady state, neither growing nor shrinking. What is the point of never-ending growth? It's not something that can be sustained. The bubble always bursts, taking millions - or billions - of people down with it.

So even if the economy really is growing, you have to wonder, at whose expense? Who's suffering, so we can continue to grab more? Who are robbing, whose labor are we stealing? And if you don't care about those others, then still ask yourself: How long can this last? The bubble's always going to burst. This is no way to live.

There can & will be NO recovery without creating more jobs...THE END!

Obama's "Green jobs" where are they and as far as putting people back to work rebuilding our infrastructure, while it is a good thing it simply cannot create enough jobs and will only help a small percentage of people as not everyone is a bridge builder/hwy worker.

We simply have got to bring manufacturing back no matter what it takes and cut off most of the imports. The only growth I've seen im my area is casinos and more shopping malls/stores that sell goods produced abroad...yes it does put people back to work but not enough to make a difference. We don't need anymore places to spend american dollars on goods produced over seas we need to be a nation of producers again otherwise our economy will NEVER recover.

The Dow is already down 244 points today. HAHA LOL! This is hilarious. Yesterday it went up almost 200 and that was because of GDP. But today it's down because a small blip in consumer confidence. The stock market is a joke. Why anyone invests in it anymore or at this stage is beyond me.

Originally posted by CanadianDream420
Remember they dropped 1.5 trillion dollars into the economy, of course their will be an influx..

If you think this is over, I'll assume you are new to this website and economics 101.

Yeah I love how the "Wall Street Experts" jumped all over this number when all it was due to Govt. spending. No one would have bought so many cars in such an economy if it wasn't for the Govt rebates, same for the 1st time homebuyer credit.

How many people here can claim a job due to the Stimulus.

My favorite stimulus story is from a business owner I know. The road crews in front of his place were redoing the dirt shoulder. When he asked them why they were doing that as it looked fine, they replied that they were taking the dirt from the north side and moving to the south side then taking that dirt back to the north side. They admitted that the "work" didn't need to be done but they got the contract for the work so they had to make it look like they were doing work. Your Tax dollars at work.......


Most of the stimulus road projects I have seen haven't been really necessary, the roads were in adequate condition, but they ripped them up anyway. Putting new lights on a road or landscaping a highway for examples.