Historical Economic Grace Period?

I could blame Bush and congress if this was just a US slump but its world wide so its hard to blame one person. The economy will come back with or without the stimulas its rather or not it speeds up the recovery.

Agreed.

There could have been more oversight on the mortgage mess, there could have been more oversight on corporate greed, and stuff like that. But it never would have prevented the recession. In fact, if there were tough oversight of mortgage lending, there never would have been the strong GDP growth we saw prior to the recession.

With oversight, we would have experienced slower growth and a softer recession. Without it, we experienced faster growth and a harder recession. In the end, roughly the same number of people would have been out of work for roughly the same amount of time.

Now with a stimulus, we can dig ourselves out sooner but the economy won't bounce back as high. Without a stimulus, it will take longer to dig out, but growth will bounce back higher when we do eventually pull out.

Policy can affect the severity of ebbs and flows, but it can't change the unemployment x time quotient, and it can't change the GDP growth over time.

Four months to see results? What kind of results do you expect to see in 4 months? The unemployment number go down? Consumer confidence index to rise? And what if you don't? Obama FAIL (http://scottthong.files.wordpress.com/2008/04/obamaphone.jpg)?

Agreed.

There could have been more oversight on the mortgage mess, there could have been more oversight on corporate greed, and stuff like that. But it never would have prevented the recession. In fact, if there were tough oversight of mortgage lending, there never would have been the strong GDP growth we saw prior to the recession.

With oversight, we would have experienced slower growth and a softer recession. Without it, we experienced faster growth and a harder recession. In the end, roughly the same number of people would have been out of work for roughly the same amount of time.

Now with a stimulus, we can dig ourselves out sooner but the economy won't bounce back as high. Without a stimulus, it will take longer to dig out, but growth will bounce back higher when we do eventually pull out.

Policy can affect the severity of ebbs and flows, but it can't change the unemployment x time quotient, and it can't change the GDP growth over time.
Most of the bills spending on roads and such that may add jobs will not hit for over a year. The main things that will hit this year is tax cuts and aid to the states which I don't think are enough to do very much good. So if the economy is starting to grow in a year are they still going to spend another 400 to 500 billion? I'm sure they will.Much in Obama stimulus bill won't hit economy soon - BusinessWeek (http://www.businessweek.com/ap/financialnews/D95QSQSO0.htm)

Yes, those are two good examples. At 4 months, I don't think it would be about Obama, as much as the whether the stimulus is having the desired effect.

I understand people are having problems but that does not mean that we should rush to pass a bill spending close to 1 trillion dollars. I think Obama and congress need to step back and take a longer look to what is really needed. The state and cities in my area are rushing in ready to pounce on every penny they can get from this bill. So much more of our money is going to get waisted.

No Rush (http://www.thewarpath.net/parking-lot/598,000 jobs off of U.S. payrolls in January, taking the unemployment rate up to 7.6%,):

Employers slashed another 598,000 jobs off of U.S. payrolls in January, taking the unemployment rate up to 7.6%, according to the latest government reading on the nation's battered labor market.

The latest job loss is the worst since December 1974, and brings job losses to 1.8 million in just the last three months. It is worse than the forecast of a loss of 540,000 jobs from economists surveyed by Briefing.com

The rise in the unemployment rate was worse than the 7.5% rate economists expected. The unemployment rate is now at its highest level since September, 1992.

No Rush (http://www.thewarpath.net/parking-lot/598,000 jobs off of U.S. payrolls in January, taking the unemployment rate up to 7.6%,):
Yea but a poor bill thats just rushed through so congress can say they did something will not stop that trend. Thats why I say they should not try to rush this through.

No Rush (http://www.thewarpath.net/parking-lot/598,000 jobs off of U.S. payrolls in January, taking the unemployment rate up to 7.6%,):

I'm not going to live in fear that the sky will fall. They'll pass that stinking bill one way or the other. Have you heard about all of the things that are in it? It is the biggest porker since that lady who got stuck on the toilet.

I'll let the president speak for himself.

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I'm not going to live in fear that the sky will fall. They'll pass that stinking bill one way or the other. Have you heard about all of the things that are in it? It is the biggest porker since that lady who got stuck on the toilet.
Her are a few porkers:
Pork Spending: Digital TV Coupons ($650 Million), Gov’t Cars ($600 Million), Nat’l Endowment for the Arts ($50 Million), Repairs to National Mall ($200 Million, including $21m for sod).