Are we finally coming out of the economic downturn?

We need to stop this spending of tax payers money the white house and Obama is doing. We need a new congress and president as soon as it can happen. It is not because because Obama is black (to me he is not a black, I have never heard of a black having a name of Husine.) I was in the military and had blacks over me and they were the best people I have ever serve my country with. This is just what I think.

Thank you, Sam

Just after the 9/11 our 9 year old son's school was doing math - interest rates. He check the paper daily. When we were asked about bad debters...who,what how questions we answered that people who run up bad debts, have these bad debts passed on to companies who purchases them. these companies chase the bad debter. Then they foreclose on the debt. What if the person still cannot pay? then the companies that something that is that persons. Fair enough. Next day.
"Who buys the debts" " Currently the third world countries". "Who supplies the money?". "I don't know". ...."Then the terrorists are people who owe the debt!" "How come? because they are greedy and giving our country away to pay for their things."... People who don't care what happens to others are bullies and they grow into terrorists."

I could not argue.
it is well known that if you are getting over being sick dont rush back to what you were doing straight away. Get over things properly first.

With this annalagy don't rush into debt now. Hold back. Pay off everything. Then either save or make your money work for you. That way the world economy will be more stable rather than have a band-aid job. even cosmetic surgery will not work if there are bugs festering quietly somewhere.

No the financial world is not yet fixed.

Why are we accepting debt to pay for something?Borrowing of financial institutions that still need money to pay off someone else's debt?

Unemployment rising, borrowing increasing and in the UK the government propose to sell even more publicly owned assets to raise funds. The only people doing well are those with money able to buy land and property at reduced prices. In deep and getting deeper.

People have lost their jobs & cannot find work. Stimulus was not used to help make jobs and all I've seen is more & more people losing jobs. How are we expected to pay for health care let alone pay fines if we cannot afford to getit in the first place. Small businesses would probably be better off to pay a fine which is probably less than paying employees health care therefore the employees will be left to purchase gov. ins. I feel I have lost all my freedoms and everyday it seems I lose another one. Am I in Russia?

I live in Perth WA & I've been out of work since April 2009. But a year ago I was still getting regular phone calls from employment agents, hoping to entice me to change employers. I was given 3 pay rises in 2008 alone. Now I can't even find a job I can apply for. And if I do, chances are my application won't even be acknowledged.

I don't know which universe our elected representatives live in when they talk such crap & bollocks about the worst being over, but the reality is that things continue to worsen & the unemployed rate keeps on going up.

I think that there's a fiery pit in the lowest region of Hell set aside for anyone who has "HR" in their job title. You know who you are & you've been warned.

Dear All,

I voted with YES.
Although I am directly impacted by the crisis, I feel a change, but not a quick one.
The key for "YES, we will come out of the crisis", is hidden in detail:
a.) Who is we?
b.) When will we come out?
c.) How will we come out?

to a.)
From my limited perspective, I have the feeling that the wrong people pay the the wrong bills. This needs to be changed soon.
Hence this is changed, there will be a path to a better future.
to b.)
The quicker we change our old habits, the more we press our politicians, the quicker we will be able to recover.
There is a lot we can do.
to c.)
This is the crucial part, but as always in a crisis, few will gain a fortune and the most will pay the bill.
Again its our task to change that. The only hope is the web 2.0 communication to enhance communication and creativity.

I wish you all success, health and the strength to resist even the hardest issues.

Robert

I gauge the recession on how much my generation (Generation Y) is struggling after undergrad. And let me tell you, the majority of us are still struggling.

1. My friend in Michigan still can't get a job even though he's a University of Michigan graduate.
2. My accountant friend can't find a job after she got laid off by Bank of America
3. I see more negative status updates regarding financial hardships and not being able to find a job than I would like to see in my Facebook news feed. Note that 90% of these 380+ friends are of Generation Y (the ones with less job security than anyone else in this economy).

So no. The recession is not over yet.

I have just lost my job this week! I'm a 56 year old female that has worked at a financial firm since its inception 2 years ago. I'm now another number in the unemployment line.
On the news this morning, it was reported that the big financial firms that we bailed out will once again be handing out obscene amounts of money as bonuses for the as they say, "best of the best" employees within the company.
Well, since MY income is now GONE - I'd like to have my portion of the bailout money returned to me BEFORE they hand out these obscene amounts of money - I WILL ONLY BE EARNING UNEMPLOYMENT!!! I can't even afford the COBRA so I don't have health insurance. I was a great employee too but no bonus money is coming my way.
Somehting is radically wrong here!

Face it folks we are F U C K E D.

Thanks for the Hope and Changes, Obama!!!!

The economy will never improve unless there is production. Since most of the factories and businesses moved out of the country, the Americans don't have a work place to earn money and build their lives on those earnings. So how can anybody sincerely say that, when there are no jobs, no income, the economy is getting better? What happened to all the promises that our president was going to create 2,5 million jobs if he was elected president and after he was elected, 6 million more people lost their jobs?
If there are no factories being opened and new businesses started, our economy will not get better. This is very simple to see.

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omg obama is such a Fucking looser i mean get a life!
ya know

I think that it really depends on what part of the country that you're in. I remember when the housing bubble busted and home builders all over the metroplex suddenly stopped building. Right down the street from my subdivision, the city had made new streets just for the houses that were supposed to be built in the future. The streets stand empty for a long time and the fields became overgrown with Texas vegetation. It was sad. But now the sale signs are back up and there's even a new house being built.

I know jobs are still hard to come by but so far as I know, all my ex-coworkers are now happily working for another company. It's great.

i come from australia, and i can say that we are coming out of the recession because our interest rates are about to go up. It will be hard to tell globally because of the diversity of countries economies. I feel sorry for those struggling to find a job, however I think we need to consentrate intiarly on unemployment rates, the down jones index and other statistic, not induvidual cases

There seems to be creative ways to keep afloat, however, more money is being spent by the government, but I find that there a many people being helped, wth various programs, I am a contractor, and there are times when its slow, I dont just sit around and wait for the clouds to change, I change them mysef, I feel, and think as well, when the government is doing their thing, thats when people should come together and network, like never before, develop network cells, and come out as a group, because there is power is numbers,(all around benefit).

My husband and I have been Real Estate Brokers for 30+ years combined. My husband sold commercial and I residential. We live in Fairfield County CT and everyone thought we were recession proof-NOT TRUE!
We had to give away our Real Estate franchise at a loss -who would buy any real estate franchise now? I joined another company and I also started a health business-an e-store for vitamins and supplements. We, like a lot of people tried to diversify but we are running out of ways to be creative and running out of steam and cash!
Just within the past 2 days I have been contacted by customers to list 3 short sales for them. All of these customers are working but their businesses are so slow they can no longer pay their mortages. More and more I hear people say that they owe more than their home is now worth or will ever be worth so they just walk away. Credit scores are important but what choice is there? How many homes can the banks own?
People voted for Obama as they were more than ready for a positive change not a negative one. As the wallstreet people get ready to have a wonderful holiday season - full of expensive gift giving and their bellies full and warm....I think of the rest of us who just want to put food on the table and secure the home that the table sits in. I, too, really could use my portion of the bailout money back. This holiday season for retailers is sure to be the worst yet and you don't need an economic degree to predict that! So, I think it is going to get worse in the upcoming months because those of us who have been able to hang on this far are only doing so my a thumb nail.
My husband and I are doers, we are not complainers and we know how to stretch a dollar but we need the DOLLAR in order to make that happen.
We really need a miracle!!!!!

I voted Yes, because at least australia (My country of course) because at least australia is emerging, with interest rates rising and the cash rate flowing, and ive even seen a lot more job ads in the papers today.

Come on people the banks are making millions now that they were bailed out...ok when are they going to start paying the money back..or will that downturn the economy....iam sure that is what they would tell us. Our economy has a long way to go to be able to say we are on the upturn. Tell that to the people who are trying to find a decent paying job that will feed their families and pay bills. Last weekend 4000 hopefuls showed up for a chance at a job at Goodrich and lo and behold they were only hiring 20 or 30 people. Until gas prices, grocery prices and taxes come down for everyone we will continue this mini depression. Gas prices are ridiculous, the barrel price goes down but now that the big business knows that Americas will pay over 2.00 for gas it will continue. They would have you think that they are not making a huge profit or that millions go to research....wake up America!!!! Sure GM says they have 700 jobs for the Fort Wayne plant but these jobs will be taken by the laid off GM employees not local people. No our economy is still struggling even though the media and wall street try to tell us different.

Face it folks, we are SCREWED. The TRULY GREAT Depression is coming. Get ready for it, or starve.

Brought to you by "Hope and Change, Inc.

We are also here in the Philippines are facing calamities and disaster while the tax and the budget of the gov't were still a hidden treasure.... why those organization asking for help and support to other people? where is the budget for CALAMITIES and FUNDS for the FILIPINOS!!!!! We need a new Government!!!!! we need a NEW PRESIDENT and KING who is TRUSTED and JUST for our Nation!!!!

Isn't it a wee bit too early to get out of this economic downturn?

I don't know why America wants to blame the President. We blamed the former President, now this President. What about the geniuses who outsourced American Jobs, What about the financial crooks of Wall Street, What about the Fat Cats of the Insurance/pharmaceutical industry. What about the Crooked Politicians. What about the Criminals of Fannie Mae and Fannie Mac. Did we really expect Obama to turn our downfall around in his first 100 days. Do you really expect our nation to be the nation it once was?? Could America be a selfish and self-centered Nation? Could we be reaping what we as a nation have sown. Its Too Late Now.

The only opportunity what is left of America has to recover from this contrived economic disaster is to oust the ruse of a government that is in place. The criminals that are running America (and the world in fact) into the ground have got to go every last one of them. The United States Constitution spells this out very clearly. When the government is no longer acting in the best interest of the people the people should oust that government and install a new government that will act in the peoples best interest.

Anyone who may read this should ask themselves is America really doing what the founding fathers of America had in mind? Democracy is the worst form of government there is, a simple definition of Democracy is MOB RULE. America was founded and formed to be a Free Constitutional Republic comprised of Free Nation States with each state having its own Constitution and its own Monetary System not a Federalized or Centralized Government with a Central Bank such as the Federal Reserve Bank which is about as Federal as Federal Express.

To Restore America will require much work, beginning with abolishing the Federal Reserve Bank (research the Federal Reserve Act of 1913 which turned the US Congress' authority to coin money over to the Federal Reserve Bank which is a private bank not a branch of government) and the people must demand that the peoples property (gold) be returned to them. Second the two party government system must go, America was never intended to be a two party system or Democracy, America was founded and formed to be a Free Constitutional Republic operating under a set of rules that all must abide by and if you are unable to abide by those rules you are invited to leave. This set of rules is much like the set of rules God gave man to live by, most know God's rules as the Ten Commandments which is a very simple set of rules. If America were still living by the principals of God, America would not have the thugs she has running America into the ground. America would not have the 126.8 trillion dollars of debt she has. The people of America have been deceived severely and led down the path to destruction from within. The greatest danger America faces today are the terrorist that are running America from Washington DC.

Once the two party system is abolished, all illegal legislation must be repealed all the way back to the days of not so honest Abraham Lincoln who when he enacted the Emergency war powers act (which to this day has yet to be lifted) was the first American President to usurp the Constitution and the people by Federalizing America and taking America from being the Constitutional Republic she was founded and formed to be and turning America into a corporation (a company not a country) called the United States Corporation taking the name from the United States of America and renaming her the United States Corporation. People must realize that they are wholly owned by the Federal Reserve Bank yes you are owned, you are a slave and controlled by a consortium of bankers. Research the United States Corporation Bankruptcy reorganization of 1933 and you will learn that the TREASONOUS TRAITOR Franklin Delano Roosevelt (FDR) signed away the entire country (land mass) the peoples property (gold) the people (your person) and the peoples labor (the work or money you earn from the work you do in the form of illegal taxation). Read the constitution your labor is not taxable however in order to make your labor taxable FDR commits his second act of treason by signing into law the Social Security Act which made all citizens aliens of the United States Corporation by assigning them a 9 digit number called a Social Security number.

America is now a Socialist Country and one need look no further than the annals of history to see just where America is heading and America is not on the road to Socialism, America is already a Socialist country, America is now being herded over the COMMUNIST CLIFF! WAKE UP!!

I hope our economic will be in good shape but seem its not energize enough to give confident for me to vote yes.So I voted No.

I think that talking about how much the economy has already improved in such a short time, would be a better way of effecting a full recovery.
Just a thought.

nao concigo me escrever

Some very interesting thoughts. Some are way over the edge. We can blame only ourselves. We put the people in office that are now being criticized. I wonder how many of these complainers even voted. If you did not...get off the box.

I think its not yet over

but when compared to last 6 months now its ok

The way I see it, the current economic downturn/depression is centered in the U.S. and U.K. primarily due to the origin and foundation of banks and oil companies, and of course this situation affects the entire world in different ways for different reasons. We know all of this began long before Obama took office, so blaming him for any significant part of it simply reveals something more emotional -- racist -- than reasoned observation and clear thinking.

There are so many angles and perspectives from which to see our economic situation in now. The most upfront, head-on truth is that once again, the ruling class have emptied the pockets of the working people. The ruling class have always lived off the backs of the working people, but something funny happened to a whole lot of the working people in North America.

Our governments gave a thumbs up -- they never asked the workers -- to any and every corporation that wanted to outsource jobs to less prosperous countries so that they -- the corporations, its owners -- could continue to bring in great profits by using much cheaper labor. Most of the jobs of our production economy were taken away from us so that China and other pacific nations could develop new middle class populations of of workers.

Another angle one can view what's happening from is with the beginning of the Reagen era as the beginning of massive deregulation -- not just in banking, savings and lending practices, but in ways Wall Street managed the stock market and other investment, trading and economic activities. Banks and corporations around the world did many of these same things, though it was mostly in the rest of the western world.

I guess the angle that is the most difficult one for me to contend with is the way such a vast number of business people went beyond the "unorthadox" practices deregulation led to; if we look at Bernard Maddoff, he is in the middle range of incredably unethical schemes created to cheat people out of money for his personal profit. But there were hundreds of thousands of others in the business world who created fast, easy methods of grabbing huge profits for what should have been illegal activities if they technically were not yet deemed so -- such as the bad loans made to unqualified buyers that were all forced to go into default not long after. For a long time, our media actually tried to present our first realization of our economic trouble as being actually caused by "bad minority borrowers" who couldn't make good on their financial responsibilities.

And of course, anyone who doesn't know by now that our murderous, unconscienable occupations of the middle east have all been funded primarily by debt to China (and Japan) far beyond our means to repay (in even the next 10 generations of U.S. citizens) -- and doesn't know that this has also served to seriously break our economy, is also hiding from reality.

When Norway had an economic downturn in the 90s, it refused to bail out its banks, and they either went out of business or became nationalized. This is what smart countries around the world has done. Evidently, as many people have wisely noted, the U.S. is a land where the "socialism" involves taking money from the workers and the poor, and giving it to the rich -- not the othe way around. Socialism for the wealthy -- a great definition of America's economic policy -- also known as "predatory capitalism." Norway has put an end to all of its poverty now. And even their current "right-leaning" government considers President Obama a right wing president.

Finally, if you don't believe this has all been planned and in the works for a very long time -- just as the Great Depression of the 1930s was, have a look at the brilliant BBC series free for viewing on Youtube, which comes in six parts. It's called "The Power of Nightmares." It began in the 60s with Leo Strauss and Milton Freedman, of the Chicago School. They envisioned this all.

We need limited terms!! especially the president and congress! Let some of the younger generations have a try at it for a job. Oust the retiree's to go on Soc. Security and make them pay their way!!!!! Once they are 65 they are automaticly retired.

Check out the vote!

I'm sorry but all of you crazy right wing nutjobs that are saying that we now live in a socialist country, you're all idiots. I'm honestly gravely disturbed that you would call your own country something comparable to communism.

I swear if any republican would have suggested universal healthcare, you morons would be on the ball in a second!

O no, but if a democratic bureaucracy wants to usher in a new era of healthcare that suffices for everyone, you're just TOO quick to try to shoot it down with all of this "socialism" insanity.

I understand that maybe Obama hasn't made many changes that he has promised yet. But, he's only been in office for not even a year yet!

so all of you idiot "socialism dissenters"

do the world a favor and shut up, because no one is going to listen to you with your sardonic and negative outcries.

Australia leads the developed world in so called recovery from the financial crisis. In Australia the politicians are calling it 'The Recession We Did Not Have', for there does not seem to be any effect of the global crisis.
Interest rates are rising, unemployment is dropping and housing prices are rising.

I think we still have a long way to go, the pain has not been so bad so far because of the massive fiscal stimulus and reckless spending by governments, once this runs out then the true recession will start.

Welcome to the newest third world country - the good ole USA. No job and no prospects in sight. There's little food on the table and for us, next month, no electricity unless providence falls from the sky.

Every time I read about Obama now, its how he's giving more of our money away. I wanted this man in office because I thought he was going to be good for the country. I've changed my opinion now. How did I miss the fact that he has a Socialist heart?

I voted "yes"! DJIA is up 40% since March and the repo market is starting to dry up around PDX & SEA. Unemployment is still rising, but looks likely to peak in the 1st half of 2010. The recession in the US has already officially ended with GDP growth in Q3'09. If Congress wasn't spending another trillion $ on healthcare this week, I think we could be completely out of this mess by June 2010.

It's ironic that President Obama is always out of the country when a big decision or announcement that is unpopular is made. He can't take the heat. In other words he is a coward. He is letting the AG face the critics while he sneaks out of the country on this 8 day trip. Look back at every big decision that was unpopoular and he is no where to be found in the states. While our troops are waiting for a decision he is out playing golf or traveling around the world. He is way in over his head and everybody knows it but him.

we still need more time
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Coming out of the recession and going into a depression. This is the calm before the storm. Wait to the socialize medical bill passes.

NO, ONLY IF GM PAYS BACK THE BAILOUT MONEY FIRST BEFORE INVESTING OVERSEAS.

lydianell - Well said :>)