What Recovery? 5 Myths About The US Economy

[privateinvestor]

Even among conservatives, you are the weakest link. Good-bye.


Good-bye Ma'am and don't forget to drop us line so we know how you are doing....

P.I. ( Member of the Pack)

[reasonfreedom]

Jun 13, 2011 10:07:24 GMT -5 Mkitty is pro kitty said:

DOW suffers longest slump since 2002:

From the same article:

"'The economy is still growing, albeit at a slow pace, and sufficient for corporate revenues, corporate earnings and corporate cash flow to advance,' said Bob Doll, who helps oversee $3.65 trillion at New York-based BlackRock Inc., the world’s biggest money manager. 'We’re at the end of the recovery and the beginning of the expansion. That’s typically a time when stocks still go up, just at a lesser pace.'"

BTW, there's no need for for an ignore button for Conservatives, they've been selectively ignoring parts of articles they don't like and facts (Like "Corporations Sitting On $1.84 Trillion Cash" news.firedoglake.com/2010/07/05/corporations-sitting-on-1-84-trillion-cash/ ) or simple concepts like greed, all the while hoping CEOs are sugar daddies who will hire only if you throw enough money at them. They've ignored the fact that "trickle down" doesn't work for well over a decade.

In other words, they've already pressed the "ignore reality" button a long time ago.

The only reason we have growth is from the wars and Obama administration/fed reserve pumping money into the system. If I had a printing press and pumped money into a small business of course it would seem like growth. Seems like your the one that needs to come back to reality.

[formerexpat]

From the same article:

"'The economy is still growing, albeit at a slow pace, and sufficient for corporate revenues, corporate earnings and corporate cash flow to advance,' said Bob Doll, who helps oversee $3.65 trillion at New York-based BlackRock Inc., the world’s biggest money manager. 'We’re at the end of the recovery and the beginning of the expansion. That’s typically a time when stocks still go up, just at a lesser pace.'"

BTW, there's no need for for an ignore button for Conservatives, they've been selectively ignoring parts of articles they don't like and facts (Like "Corporations Sitting On $1.84 Trillion Cash" news.firedoglake.com/2010/07/05/c....-trillion-cash/ ) or simple concepts like greed, all the while hoping CEOs are sugar daddies who will hire only if you throw enough money at them. They've ignored the fact that "trickle down" doesn't work for well over a decade.

In other words, they've already pressed the "ignore reality" button a long time ago.

a) WTF are companies supposed to do when they're facing an administration that hates them and won't make up it's f'ing mind about how badly it wants to stick it to corporations...and the rich.

b) Government deficit has been about 10% of our GDP for the past 2 years it's forecasted to be over 10% this year too.

What would GDP have been if government did not prop it up?

I've said it once and will say it again. There is a breaking point for the rich. Reach that point and you'll lose them, possibly forever. Then the middle class and poor will have to cover the 70% of federal taxes collected from the richest 10% [those above $114k in AGI]. The top 10% can leave - the bottom 90% cannot leave as easily.

[NoMoreLunacy]

The rich can leave? Where? Give me some concrete, legal examples.