General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMaybe we can put to rest, the sly, opportunistic talk that the Obama economic recovery is faltering
. . . ya think?US economy picks up after early spring slump
May 16, 2012
Maybe the U.S. economys strength this winter wasnt just weather-related after all.
Home construction is near a three-year high. And factory output has risen in three of the years first four months.
The data released Wednesday suggest growth in the April-June quarter is off to a good start, helped by falling gas prices and solid hiring gains. Fears of a spring slump are easing.
Its all very encouraging, said Paul Ashworth, chief U.S. economist at Capital Economics. Things look good at the moment.
read: http://articles.boston.com/2012-05-16/business/31730014_1_factory-output-economists-annual-pace
related:
Beginning Home Construction in U.S. Exceeded Forecasts in April
http://www.bloomberg.com/news/2012-05-16/beginning-home-construction-in-u-s-exceeded-forecasts-in-april.html
Builders start construction on more homes in April
http://thehill.com/blogs/on-the-money/1091-housing/227711-builders-start-construction-on-more-homes-in-april
from the Commerce Dept.:
New Residential Construction
Submitted on May 16, 2012 - 8:47am
Building permits in April 2012 were at a seasonally adjusted annual rate of 715,000, down 7.0 percent from the revised March rate but up 23.7 percent from April 2011. Housing starts in April 2012 were at a seasonally adjusted annual rate of 717,000, up 2.6 percent from Marchs revised estimate and up 29.9 percent from April 2011.
http://www.esa.doc.gov/sites/default/files/ei/documents/2012/May/newresidentialconstruction28april201229.pdf
RC
(25,592 posts)Instead of importing from China or somewhere, manufacture whatever we need in this country again. The economy is still in a slump, with few real signs of recovery.
The people with money can still make money. The rest of us, not so much till the economy recovers, which is not happening very fast because the money supply is tied up in the upper crust and not circulating on Main street - Who's businesses aren't paying Living Wages anymore.
bigtree
(86,015 posts)You won't hear critics or almost anyone else say that a declining economy 'doesn't mean much until . . .'
Credit where credit is due.
RC
(25,592 posts)bigtree
(86,015 posts)I think a more balanced view of the administration's attention to 'Main Street' vs. Wall Street is found in their proposals, more than measuring from what Congress grudgingly enacted.
deacon
(5,967 posts)RC
(25,592 posts)We are still in the grips. We haven't really left yet. That is why we have not rebounded.
Where is the re-regulation of the big financial institutions that would prevent the "Too Big To Fail" from failing?
I am hearing rumors of bailing out J.P.Morgan with more tax payers money. NO. Break them up and sell off the pieces. Imprison the guilty. Pay back the losses from the CEO and Board of Directors. That will put a stop to "Too Big To Fail" from fleecing the public for their gambling losses. The era of "Heads They Win, Tails We Lose" needs to come to an end.
Until them it will be business as usual, with cooked numbers being presented to the public to try to convince us the economy is recovering, when it isn't really.
coalition_unwilling
(14,180 posts)number with your rose-colored glasses view. But I'm willing to listen. (N.B. I'm one of those long-term unemployed Californians.)
Nice to know, though, that you consider me 'sly' and 'opportunistic.' I consider you Pollyanna-ish and Panglossian, fwiw.
WI_DEM
(33,497 posts)sendero
(28,552 posts)... because there isn't a recovery to begin with.
WI_DEM
(33,497 posts)and is coming back and Obama saved the country from depression.