OECD: US economy is improving but recovery is far from complete

[Drunken Irishman]

OECD: US economy is improving but recovery is far from complete
Report suggests economy has 'gained momentum' but says long-term unemployment and income equality must be solved

The US recovery remains on track but "fissures" have begun to appear in the world's largest economy as it struggles with record long-term unemployment and income inequality, according to a report by the Organization for Economic Co-operation and Development.

The international economist group is more bullish on the economy than Federal Reserve chairman Ben Bernanke, who recently downgraded his forecasts for the US economy. And the report may prove useful ammunition for the Obama administration as the economy emerges as the key battleground of the 2012 election.

The OECD offered support to president Barack Obama's plans to cut tax breaks for America's wealthiest, a plan known as the 'Buffett rule' after its championing by billionaire investor Warren Buffett.

http://www.guardian.co.uk/business/2012/jun/26/oecd-us-economy-recovery?newsfeed=true

We're not there yet. But if we decide to hand this country back over to Romney, we might as well just close up shop.

[MannyGoldstein]

1. Green Shoots!

Welcome to the Summer of Recovery (tm).

[DCBob]

2. We're beyond "Green Shoots"...

wev'e got saplings now!

[Drunken Irishman]

3. We all know you're rooting for America's failures...

Probably more so than Mitt Romney. So, it must always hurt a little for you when every report released isn't doom & gloom.

[MannyGoldstein]

4. I want nothing more than for America to succeed wildly

and history is clear: we only succeed through Democratic policies.

I'm tired of years both parties claiming austerity is the answer. And I'm tired of years of being told that things are getting better, when the number of impoverished, of homeless, and of hungry Americans grows by the day.

[Drunken Irishman]

5. And I believe you...

See, now we both lied.

[MannyGoldstein]

6. It must be frustrating

to be unable to support your position with facts and logic.

Keep working on it.

[Drunken Irishman]

7. It must be frustrating...

To not even acknowledge passing success, even if it's limited. You're so hard up for bad economic news that you ignore good news.

So, enjoy rooting against America. Don't forget that you posted a while back, though edited your comment after being called out on it, how you wanted a new depression to cleanse both parties. You're on record saying, a few weeks ago, that you'd rather have a major depression just for political gain. Like I said, you're rooting for America's failure. You want the economy to go south so that Obama loses and then you can thumb your noses at us. You're no different than Mitt Romney in that regard.

[girl gone mad]

8. Complete and utter bullshit.

Every true progressive on this board, including Manny, lobbied long and hard to get this administration to embrace rational, progressive economic policies rather than the austerian neoliberal deficit hawk clusterfuck of misery which he prefers.

Why do you think we sacrificed time to do so, imbibed Irish person? Do you honestly believe it was because we were hoping Obama would fail so miserably that we would still be stuck with a shit economy in November 2012? What the fuck kind of logic is that?

God, you sound dumb.

[Drunken Irishman]

9. You are a girl gone mad...

I don't care what you consider bullshit. Your friend over there wants a Great Depression - for America to fail. That's what some of you liberals are left with, hoping against hope that our country fails so that you'll be proven right.

It's sad, really. Remarkably sad, if you ask me. I know we can be a bitter bunch, but some liberals are so bitter they'd soon burn down the whole village to spite us all than help put the fires out.

So, yeah, I think you hoped Obama would fail and now that he isn't, now that we're seeing some improvements, you're left denying those improvements and hoping for more catastrophe so that you can be proven right.

That's what's complete & utter bullshit. Enjoy rooting against America and then slamming your keyboard in anger when things don't go as badly as you hoped.

[MannyGoldstein]

12. Well, we can certainly agree on one thing:

One of us is full of shit.

The Third Way may have been good for you, but it continues to be hideous for the vast bulk of the 99%. Behold: the fruits of the Third Way: http://www.huffingtonpost.com/2012/06/28/homeless-students-us_n_1635709.html

[woo me with science]

11. What utter garbage. nt

[woo me with science]

10. Recovery for the one percent, as the numbers show.

It has not been a "recovery"; it has been a deliberate restructuring of where the money goes.

It is a theft.


http://www.zcommunications.org/why-the-economy-has-only-recovered-for-the-one-percent-by-roger-bybee

[Rosanna Lopez]

13. Emperor Caligula

No kidding, OECD! Did you really think an economy which had a huge crash in 2008 could completely recover in only a few years?

Taking over after George W. Bush is like having to take over after the Emperor Caligula. When you have a walking disaster as your leader who nearly destroys your country, his successor has his work cut out for him.