hope for recovery !!!

[Guest]

"Recession is when your neighbor loses his job.


Depression is when you lose yours.


And Recovery is when Obama loses his."

[Guest]

:agree:

Along with Polizi and Reed

[Guest]

One of the better ones I've heard.

:agree:

[Guest]

in todays news Obama has finally put up the doom and gloom talk. Today, several agencies report he is now saying the crisis is not as bad as he initially thought. A revelation or just the typical political shift based on opinion? The latter I am afraid.
If the subject is based on the majority, then the question could be what recession? Because over 92% are still gainfully employed. And over 93% are still paying their mortgages. And most of us are still doing what we have always done....now as in past recessions.
When times are not so hectic (real or media or politically driven) most ignore the "paper" losses of a market that goes South. If you don't need the money....then what's the difference? Most were not going to sell anyway.
The asset loss only becomes real if everybody decides to cash in. They haven't! They never have!
Isn't it interesting the banks touted to be in the most trouble are now saying they are doing better than expected? It isn't a surprise. Those of us from corporate America know there are aleways ongoing negative accruals carried on the books. We also know that when the environment is right to show major losses, they all clean up their balance sheets....show the so called "unexpected" losses under the cloak of the "terrible economy"....the big bad recession....etc. Hence earnings will improve....eventually the banks will have to make the monies given to them become available to the public...credit will ease....spending will increase.....the economy will improve.....no surprise.
Even the cyclical price of oil and the resultant increased price of gasoline is underway....it is spring and the summer driving season is not far away.
The elections over (for now).
The current administration is seeing it has to change it's tune as ratings are beginning to fall....all normal....all point to happy days are on the horizon.
HOWEVER....the ever looming energy crisis that is still waitng to rear it's ugly head will soon kick in....and that is the real coups de gras of all....yet to materialize.
And yes, the terrorists have not stopped what ever they have had in the planning just because we have a new POTUS....they will make their mark...AGAIN....during Obama's watch.

All the above += political normalcy.

I even leave room for we the people to have an opportunity to make their voices heard....although unlikely.

Of course recovery is in the cards....it is the only plus politicians have to deliver on.

We shall see.

BTK

[Guest]

I've been saying that all along. Citi showed good earnings and that was before the stimulus and even before Obama was president. Even Bill Clinton when he was running for president said it was the worst economy in 50 years. Typical liberal spin to win elections and scare people.

Anther government trick. Stick your nose in far enough to screw it up then convince people government is the only one that can fix it. "Oh and by the way, we'll need to raise some taxes to do it."

One week they say it's so bad that if we don't spend trillions right now (no time to even read the bill it's so bad) we may never recover. Then they get the trillions and turn around and say I guess it's not really as bad we thought.

Can we have our money back now?