Originally Posted by extremeskater
Now come on I know you are alot smarter then this. Do you really believe inflation is really down? It doesn't matter if interest rates are low if the banks are not lending.
Lets look at this another way. Unemployment at 9.7% and in some cases far higher then at based on region. The US government putting us in to debt and spending money like it grows on trees. Foreclosures at an all time high.
Most Americans did not want the healthcare bill to pass and are concerned about the cost of that bill which is really going to be over 2 trillion.
Clearly you are going off talking points for our liberal news media and if you really believe there are bright spots in this country you don't actually live here.
We have 16 states with an unemployment rate higher then 10% in some cases close to 15-16%. Tell those people about the bright spots. I doubt they care about interest rates or what the market is doing. Those 16+ million are having a hard time putting food on the table and keeping their house.
Your comments are bullshit talking points and are not reflective at all of what he average person in the US is experiencing. You and Quadra must dwell in the same bubble.
Unemployment is finally declining. Retail sales are up significantly year-over-year. The healthcare bill will reduce the deficit compared to the previous status quo. Banks are lending again. Philly Fed state coincident indicators gainers are ahead of decliners 2:1. Taxes are at a 60-year low and a bunch of people are getting bigger rebates than they expected. GM even just repaid its government loan, with interest, ahead of schedule.
Yes, the housing market still sucks. Yes, unemployment is still almost as high as it was under Reagan 3 years into his term. Effective financial regulation hasn't been re-instated yet. But there are a lot of leading indicators that show an economy returning to normal.