Jamesb101.com

commentary on Politics and a little bit of everything else

If the Economy is recovering…..Why is everyone arguing with me?……..

Lately every time I mention that the Economy is recovering ……I have people arguing with me…..

They are adamant that the Economy can’t be getting better….

They know people who have lost their jobs…..

The local School District is raising it’s taxes…..

The State is raising its taxes……

You know……..

We’re suffering…….

I can’t beat that….if that’s the way they feel……

But the Dog has been watching the little sign for the past 6 to 8 months and believes that things are better…..

I spoke to a guy around the way that is one of top salesman in a regional Appliance Chain…..

He says the traffic HAS increased…..

His buddy who used to the manager of the store ( which a top sales leader for the chain and does in the millions ) went into Real Estate and is finally starting to get some sales….

Antidotal stuff sure…..but nevertheless stores like his are true barometers of the Economy and they are getting busy…..

One last thing from him…..

He said that prices are dropping and manufactures MUST give incentives to move products….

Here’s a piece about the same subject….

The American economy appears to be in a cyclical recovery that is gaining strength. Firms have begun to hire and consumer spending seems to be accelerating.

That is what usually happens after particularly sharp recessions, so it is surprising that many commentators, whether economists or politicians, seem to doubt that such a thing could possibly be happening.

Usually you can depend on the White House to view the economy with the most rose-tinted glasses available. But it was not until last week, after a strong employment report, that President Obama started to sound a little optimistic.

“The tough measures that we took — measures that were necessary even though sometimes they were unpopular — have broken this slide and are helping us to climb out of thisrecession,” he said in a speech at a factory making battery components in North Carolina.

Note, however, that he seemed to believe the country remained in recession. It is virtually certain that is not accurate, as least as will be determined by the arbiters of recession at the National Bureau of Economic Research. “The recession is over,” one of those arbiters, Jeffrey Frankel of Harvard, wrote this week.

But the White House is unwilling to make that claim.

Why is good news being received with such doubt? Why is “new normal” the currently popular economic phrase, signifying that growth will be subpar for an extended period, and that the old normal is no longer something to be expected?

It is possible, of course, that I am wrong and the prevalent pessimism is correct. The fact many economic indicators are looking up does not prove that the recovery will be self-sustaining. There are issues relating to over-indebted consumers and local governments. The housing collapse will have an impact for some time.

But there are, I think, a number of reasons for the glum outlook that are unrelated to the actual economic data.

More……..


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April 8, 2010 - Posted by | Breaking News, Counterpoints, Government, Media, Other Things, PoliticalDog Calls, Politics, The Economy, Updates | , , , ,

2 Comments »

  1. as it gets warmer
    traffic picks up

    just heard some discouraging words which are hopefully wrong

    that we would be experiencing a drought this summer

    I hope that GUESS is wrong

    Comment by Timothy Peter Leal | April 9, 2010 | Reply

  2. It’s been raining in the New York area for the last year and a half!

    Comment by jamesb101 | April 9, 2010 | Reply


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