Thursday, September 16, 2010

The Democrats have done an excellant job with the economy and jobs.

Unemployment has stabilized and there is greater consumer confidence.  I think the Democrats have done a great job at saving what was left of the USA after the Bush/Cheney administration and the abandonment of the country by Wall Street.

It's happening.

From Barrons.

Economic Outlook Group   (click title to entry - thank you)

...WE HAVE LONG SAID THE economy will show fresh signs of life in the final months of the year, with the primary source of this vigor coming from consumers. Tuesday, we got fresh evidence that such a rebound is underway.
Both the August retail sales and the weekly tally on chain-store sales by the International Council of Shopping Centers were bullish. These reports, along with some others that have been underreported by the media, tell us the U.S. economy is in a much better place than it was a few months ago. Don't be surprised if forecasters start to revise their gross domestic-product numbers upwards and closer to our projections. We're looking at GDP growth of 3% in the fourth quarter, and 3.5% on average for all of next year. Most forecasters are for the moment content to project half that pace. But we believe the erasers will soon come out....


From The Indiana Grain Company

Consumers Defy Spending Expectations
Posted: 08/30/10
The faltering economic recovery received a modest shot in the arm last month as consumer spending increased by 0.4%, the best reading since March. Personal income in July managed a small rise of 0.2%, knocking the savings rate from 6.2% in June to 5.9% in July.
In the meantime, the Personal Consumption Expenditures Index, which is a broad look at prices, rose 0.2%, translating into an inflation-adjusted rise in spending of 0.2%. Ex-food and energy, prices rose a scant 0.1%, underscoring that inflation is not a threat at the present time....


http://www.indianagrain.com/blog/consumers-defy-spending-expectations


The American consumer is the way to recover this economy.  The nation can do it without Wall Street.  Local economies can provide for their citizens and 'in turn' regional improvements can be realized. 

Steady as it goes.

Work on the deficit.

Good job everyone.  It is nice to have people in office that actually love the country and love the American people. 

Nice.