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Politics : President Barack Obama
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To: RetiredNow who wrote (114697)6/4/2012 12:43:37 PM
From: tejek  Read Replies (4) of 149317
 
This "recovery" was never anything but a sugar high from fiscal and monetary stimulus.

That's bs. The recovery is very real. Industry has gone thru a major overhaul and is now on the other side. Growth is evident in many metro areas.

Now that it is wearing off, the market is returning to it's long run potential, which means we're contracting back to equilibrium.

We have had a summer slow down for the past 2 years. This looks to be the third. Unfortunately, the economic problems in Europe are real and China continues to slow its economy. That negatively effects the US recovery.

Keynesianism has failed and more Keynesianism will continue to fail.

Nope. What's failed is austerity in Europe and in the UK. We are the only western nation that continues to grow.

Are we all ready to hold the banksters accountable and get Obama to enact real reform, starting with prosecuting people like Corzine of MF Global for stealing from the American people, instead of shielding him because he was a big campaign donor?

I thought they were.........only in your world are the bankers getting off scot free.

And let's not ignore some of the important subtext of the factory orders report:

Economists said they expect the recent decline in factory orders to be reversed in the coming months. They predicted manufacturing would remain a source of strength for the economy this year.

John Ryding and Conrad DeQuardros of RDQ Economics noted that the Institute for Supply Management's survey of manufacturing activity showed new orders rose to a 13-month high in May.

usatoday.com
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