650,000 jobs created or "saved". The Econmic Recession is over thanks to Barack Obama

[InTheHole]

Or is it? Accuse me of being overly simplistic but each one of those jobs costs $250,000 dollars out of the tax payers wallet (it was a 185 billion dollar package). And "Cash for Clunkers"? $20,000 per car

[wtf]

spin that yearn

[The General]

Recent CNN poll by readers had about 60/40 that citizens were not feeling an economic rally yet.

[InTheHole]

General...at the next Bash let's max out our credit cards...We'll feel the rally...trust me.

[Fishhead]

Recent CNN poll by readers had about 60/40 that citizens were not feeling an economic rally yet.

Put me in the 60 category Marine................

[The General]

I'm starting to feel that Obama is a one term Pres and that American voters will continue with change no matter who is running. The 2010 mid term elections will be interesting and Nancy and Harry are no locks to retain their seats.

[InTheHole]

I am just disappointed that I can no longer use my Welfare earning as reported income on "Fair Credit" based loans. Or can I?

[The General]

And I like Obama didn't vote for him, went Libertarian. BTW, he is already looking bad IMO. The presidency has that affect on the sitting commander in chief as we have seen in the past.

[QB_Disruptor]

One question. How many jobs did the former administration save by passing Stimulus I? For those that cant recall past last week. That was when the gubernent went and borrowed a bunch of money from other countries, money us tax payers will have to pay back, and then wrote everyone a check for about $300.

[jjgold]

All a fraud to make Obama look good

We are in a deep recession

[buztah]

When might we consumers write off our debts as profits? This economy is about to go belly up. Did you see the huge investment India made in Gold today? Did you notice how Buffet's investment was spun as pro-American but what does it really mean that he is diversifying AWAY from the dollar and into other areas? Why is China in line to buy BILLIONS in gold?

The dollar is PHUCKED PHUCKED PHUCKED so long as Obama keeps rewarding companies out of entitlement. We must return to a MERIT BASED SYSTEM, across all sectors of this society, from business through education! No more handouts! FREE MARKET! Merit must rule!

[InTheHole]

^ Will never happen under this administration BUzzy

[GELATINOUS CUBE]

Work has picked up a bit for me, and from people I know. Just my two cents. I see more people working, but not as many people going to work as 5 years ago, about. Just my observation from the streets.

[MilfDriller]

I like that saying

'Once you go black, you never go back.'

[tltaylor89]

Al shapton for president

[Chi_archie]

these numbers can and will be spun anywhich way they will...


but how many will KNOW the real truth???????


I'd say most of the regs at SBR will

[daggerkobe]

October gave the U.S. auto industry its most promising sign of the year — without the artificial boost of the massive cash-for-clunkers program — that new car and truck sales could be seeing a turnaround.

General Motors Co. posted its first year-over-year sales increase in 21 months, largely because of strong truck sales.

Ford Motor also saw a sales increase of 3.3% — its third increase of the year. Hyundai and Kia continued to see dramatic increases, posting 48.9% and 45.3% jumps, respectively.

Toyota Motor was up by a hair, while Honda was down just a bit. Nissan was up 5.6%.

“We’re seeing … the industry get some legs under it,” Mike DiGiovanni, GM’s executive director of global market and industry analysis, said.

http://www.freep.com/article/20091103/BUSINESS01/91103073/1318/Auto-execs-celebrate-sales-increase-but-say-recovery-will-be-gradual

Obama

[TheAccountant]

None of us know - but Obama's fiscal policy seems to be just plunging us deeper into this mess, not pulling us out. That being said, at a local level, it feels like things are starting to stabilize. Perhaps we are just used to recession!?

[daggerkobe]

Work has picked up a bit for me, and from people I know. Just my two cents. I see more people working, but not as many people going to work as 5 years ago, about. Just my observation from the streets.

My bro was "laid-off" for nearly 6 months earlier in the year but has had steady work the past few months. He was getting really worried about making the mortgage on his new home.

[InTheHole]

October gave the U.S. auto industry its most promising sign of the year — without the artificial boost of the massive cash-for-clunkers program — that new car and truck sales could be seeing a turnaround.

General Motors Co. posted its first year-over-year sales increase in 21 months, largely because of strong truck sales.

Ford Motor also saw a sales increase of 3.3% — its third increase of the year. Hyundai and Kia continued to see dramatic increases, posting 48.9% and 45.3% jumps, respectively.

Toyota Motor was up by a hair, while Honda was down just a bit. Nissan was up 5.6%.

“We’re seeing … the industry get some legs under it,” Mike DiGiovanni, GM’s executive director of global market and industry analysis, said.

http://www.freep.com/article/20091103/BUSINESS01/91103073/1318/Auto-execs-celebrate-sales-increase-but-say-recovery-will-be-gradual

Obama

That's the Detroit Free Press Website Correct

[Shafted69]

Honda re-hired my auto mechanic brother 1 month ago after being laid off last december.

[dmtrader]

Job growth is the only meaningful economic indicator. There has been an uptick in hiring, as firms run out of inventory and now must restock to fill sporadic orders.

By and large, most consumers have cut way back on spending. There is no sustainable economic recovery without more spending. Companies will not expand until they believe that orders will return to pre fall 2008 levels. We're a long way from returning to those levels.

[DwightShrute]

Al shapton for president

[Hotdiggity11]

Recession is over, recovery periods usually take a while.

[Hotdiggity11]

Job growth is the only meaningful economic indicator.

Then why is a recession measured by GDP? Your claim is totally inaccurate.