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Recession ending? over already?

Can't believe Im using an ANON's link...but it was a good one

The Wall Street Journal's survey of top economists, published Wednesday, found that 57% believe the recession is already over, while another 23% believe that the economy will turn in the next month or two. Most economists now expect growth in the gross domestic product, the broad measure of the nation's economic activity, of about 3% or more in the period of July through September.

http://money.cnn.com/2009/08/12/news/economy/start_of_recovery/index.htm?postversion=2009081214

Answer Question
 
sweet-a-kins

Asked by sweet-a-kins at 1:58 PM on Aug. 25, 2009 in Politics & Current Events

Level 34 (67,502 Credits)
Answers (16)
  • You can't call the recession over while unemployment is still high, and the housing market is still in a slump in many areas. I read unemployment is actually expected to go UP this next quarter, will try to find the article.

    I'd love it if the recession was over, but it won't be over for the huge number of unemployed or underemployed until they are back to work.
    mancosmomma

    Answer by mancosmomma at 2:13 PM on Aug. 25, 2009

  • ...and the only way THAT is going to happen (mancos) is if larger businesses and industries are given significant tax breaks and "wooed" back to the USA, to re-establish a presence. Government has to make it worthwhile to base a business here!

    People need JOBS in order to buy things. Can't put the cart before the horse!
    LoriKeet

    Answer by LoriKeet at 2:31 PM on Aug. 25, 2009

  • you always have bad info are you getting paid by Obama????
    gammie

    Answer by gammie at 2:44 PM on Aug. 25, 2009

  • Tell that to the millions that are still unemployed and thousands more that will lose their jobs today. Tell that to the millions that have lost their homes. I bet they would all laugh at that.
    Anonymous

    Answer by Anonymous at 2:57 PM on Aug. 25, 2009

  • you always have bad info are you getting paid by Obama????


    Is the Wall Street journal paid ny him?

    sweet-a-kins

    Answer by sweet-a-kins at 3:09 PM on Aug. 25, 2009

  • Is the Wall Street journal paid ny him?
    ______________
    Will be soon enough with his take over plans.
    But no the recession has just started hitting here and is expected to get a lot worse. How much do you pay for gas? here just went up another 3 cents its now 3.19 per gallon.
    Anonymous

    Answer by Anonymous at 3:22 PM on Aug. 25, 2009

  • Lol, it's just the gyrations of the market.

    Seriously, the market is being artificially floated on government spending. We haven't heard the last of this recession by a long shot. Unless when it drops again they call it a different recession?
    lovinangels

    Answer by lovinangels at 3:27 PM on Aug. 25, 2009

  • Oh lovinangels, they can't do that. If it's a new recession they can't blame Bush and they want to drag that dead horse out as long as possible.

    Anonymous

    Answer by Anonymous at 3:31 PM on Aug. 25, 2009

  • I'm more inclined to believe this article as indicative of how long it will take to get back to when unemployment was a mere 6%!


    http://blogs.wsj.com/economics/2009/08/13/unemployment-rate-could-take-decade-to-return-to-6/


    I'd like to read the original WSJ article not the "selected" text that CNN Money chose to use in their article--I sense a little overly optomistic cherry picking going on! LOL  Couldn't find it in the WSJ archives.

    LoriKeet

    Answer by LoriKeet at 3:41 PM on Aug. 25, 2009

  • Anon 3:46 that's what I was basically saying in my earlier post. Without JOBS, how can we really recover? People working is what stimulates the economy (housing, auto, "stuff"), people not working, means being frugal, which means less money spent, which means less need for employees to produce, distribute, sell the "stuff". Businesses need to be able to HIRE people, and the only way they can do that is if the Government loosens the reigns on business taxes, and makes the USA business friendly!!!
    LoriKeet

    Answer by LoriKeet at 4:00 PM on Aug. 25, 2009

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