Quote from: Azorus on January 07, 2010, 09:35:50 AM
While I would like to point out that the American economy is on the up turn, it still has a long way to go,

Yes, precisely.  I said some were looking at the bubble created by Obama, and then saying that's the answer---the economy is improving.  "Not seeing the forest for the trees in the way."
Several economic problems will get worse---even much worse---in the future, as set forth elsewhere in this thread.

Quote
...and throwing all of the money at the problem that the government did was not the solution and made the longterm solution all that much more difficult.

Absolutely.  They didn't fix the root problem(s)---unregulated financial dealings---and this will return to haunt the Obama Administration.

--Lee

One thing I want to mention that I think a lot of people have forgoten about is where is that TARP money?  You might notice in recent weeks that the TARP money that the banks gave back had a profit to it, about 50billion dollars.  So where did it go, you cannot track the TARP money that was a profit, you can only track the original amount of TARP money.  Hats off to our government for making another 50billion dissappear quitely.

Quote from: Azorus on January 07, 2010, 01:54:30 PM
One thing I want to mention that I think a lot of people have forgoten about is where is that A money?  ...you cannot track the A money that was a profit, you can only track the original amount of TARP money.

Good point, Azorus.  Also, too, the money was spent on things that weren't in the original 'plan'.  And, main street business wasn't helped hardly at all.

Quote
  Hats off to our government for making another 50billion dissappear quitely.

Yeah, true.  I saw on a special news report on TV once that the Gov't shipped a $Billion on several pallets(skids) to SW Asia and it all disappeared!, conveniently.  The money just disappeared---somewhere! in Iraq.  They wanted, I believe, possibly, to use the money to rebuild bombed cities.  This is about the same thing that happened to the $50 billion.
One or more congressional hearings were held, but nothing came out of them.

--Lee

Quote from: the_big_m_in_ok on January 05, 2010, 07:35:04 PM
This article may be replaced by a newer one in time. 
If so, the reader might GOOGLize the search arguments: "double dip" and "housing starts"
http://news.yahoo.com/s/ap/20100105/ap_on_bi_go_ec_fi/us_economy
I did say in the past that recessions often have 'double' dip' falling indicators in their courses.  The next one may be occurring now.
--Lee

Here's an additional reason:
Most households with residences 'under water' financially didn't, or haven't, refinanced their properties.  About 5 million more will have their subprime and alt-A mortgages reset to unacceptably high interest rates in 1 1/2 to 2 years at the latest.  This is very serious!
5 million households and the unemployed as well(combined in numbers) will cause huge social/financial/legal stresses on the economy.

This is more than merely *very bad*.

--Lee

For anyone else that is tracking bank closers, 140 last year with a start of 10 this year already.  by the way 140 are the most banks closed in a single year since 1994.  And if anyone else is conserned with the amount of money in the FDIC they will keep telling you that they still have access to 500billion treasury money, that being said they have already spent 584billion on bank closings last year.