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news.yahoo.com - 10/29/2009

Economy grows in 3Q, signals end of recession

— news.yahoo.com — WASHINGTON The economy grew at a 3.5 percent pace in the third quarter, the best showing in... two years, fueled by government-supported spending on cars and homes. The Commerce Department's report Thursday delivered the strongest signal yet that the ... (more) Economy grows in 3Q, signals end of recession

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tnr.com - 10/20/2009

How the Recession is Killing Private Social Insurance

— tnr.com — The Wall Street Journal has a terrific piece today about how the recession is accelerating the fraying... the post-World War II compact between workers and employers (which has, of course, been fraying for several decades now). Key nugget: read more (more) How the Recession is Killing Private Social Insurance

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chicagoboyz.net - 10/19/2009

Recession and Recovery

— chicagoboyz.net — One of the broad assumptions behind recessions and recoveries is that during the “boom”, excess capacity is... built into the system as manufacturers & service providers expand to meet increasing needs (today, and in the future). ... (more) Recession and Recovery

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Blog Reactions

Democratic Underground Latest Breaking News:  GDP Probably Grew as Stimulus Took Hold: U.S. Economy Preview

Daily Kos:  Consensus: GDP Up 3.2% in Third Quarter

News Hounds:  Sean “. . . I Don’t Think the Republican Party Can Lose” Hannity and Michael “This Is A Very Different Republican Party" Steele

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GDP expected to show a 3.2% gain after 4 qtrs in red. Stim spending as primary reason. http://bit.ly/1rxrld Still think GDP is a bad metric 10/28/2009

Those of you whom are uninformed should look at thia website http://bit.ly/16NrAC 10/26/2009

Economy grew in 3rd qtr at the fastest pace in two years http://bit.ly/16NrAC 10/26/2009

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GDP Probably Grew as Stimulus Took Hold: U.S. Economy Preview
Democratic Underground Latest Breaking News — ... grew in the third quarter at the fastest pace in two years as government stimulus helped bring an end to the worst recession since the 1930s, economists said before reports this week. The world’s largest economy grew at a 3.2 percent pace from July through September after shrinking the previous four quarters, according to the median estimate of 65 economists surveyed by Bloomberg News. Other reports may show sales of new homes and orders for long-lasting goods increased. Read more: http://www.bloomberg.com/apps/news?pid=20601087 ...

Consensus: GDP Up 3.2% in Third Quarter
Daily Kos — Two important statistics will be announced at the same time Thursday morning: the first estimate of gross domestic product for the third quarter, and the weekly number of initial claims for unemployment benefits. What we can expect to see is that they will, as a pair, put into stark contrast two measures of economic health. After four quarters of negative numbers, the consensus of 65 economists surveyed by Bloomberg is that GDP will be up 3.2%, in part because of the federal stimulus package. That's going to be trumpeted as good news, and it is. It also will reinforce the likelihood that when the National Bureau of Economic Research gets ...

Consensus: GDP Up 3.2% in Third Quarter
Daily Kos — Two important statistics will be announced at the same time Thursday morning: the first estimate of gross domestic product for the third quarter; and the weekly number of initial claims for unemployment benefits. What we can expect to see is that they will, as a pair, place into stark contrast two measures of economic health. After four quarters of negative numbers, the consensus of 65 economists surveyed by Bloomberg is that the Commerce Department will report GDP up 3.2% in the third quarter that ended September 30. That's going to be trumpeted as excellent news, and in many ways it is. It also will reinforce the likelihood that when ...

Sean “. . . I Don’t Think the Republican Party Can Lose” Hannity and Michael “This Is A Very Different Republican Party" Steele
News Hounds — ... were lost during Bush’s last year as president, which was just one of the messes that President Obama inherited when he took office. Another fact the pair conveniently overlooked is that, as the President pointed out, economic growth has started; economists believe, as reported by Bloomberg.com, that “the economy in the U.S. probably grew in the third quarter at the fastest pace in two years as government stimulus helped bring an end to the worst recession since the 1930s . . . (emphasis added);” and unemployment ...