Comments on: Misleading Mainstreet: The Keys to the Phony Recovery http://dailyreckoning.com/misleading-mainstreet-the-keys-to-the-phony-recovery/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Sat, 11 Feb 2012 04:42:35 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: John Galt http://dailyreckoning.com/misleading-mainstreet-the-keys-to-the-phony-recovery/#comment-44377 John Galt Sun, 13 Dec 2009 12:42:44 +0000 http://dailyreckoning.com/?p=20965#comment-44377 The entire US economy is actually on life support, after all, that's just what all there stimuli are, life support. We only LOST 11,000 jobs last month and we're happy? Healthcare reform is still up in the air as is cap & trade. What effect will those have on the economy? Sure, I hope that we're at the bottom and heading for a turnaround but I just can't see that yet. The entire US economy is actually on life support, after all, that’s just what all there stimuli are, life support. We only LOST 11,000 jobs last month and we’re happy? Healthcare reform is still up in the air as is cap & trade. What effect will those have on the economy? Sure, I hope that we’re at the bottom and heading for a turnaround but I just can’t see that yet.

]]> By: sierra http://dailyreckoning.com/misleading-mainstreet-the-keys-to-the-phony-recovery/#comment-43934 sierra Thu, 10 Dec 2009 16:52:02 +0000 http://dailyreckoning.com/?p=20965#comment-43934 Just think, when the business corridors shutter and deteriorate, it's an incredible opportunity to return the concrete/asphalt jungle to major city parks....and put to work millions in doing so......"ani-depression" victory farms....... I agree totally with BB; we can't expect our economy to return to the crazy one that existed before this crisis....not for a long, long time......... I think a good investment is in used material things far into the future....... Most people can't afford to even pay their mortgages, school clothes, etc...and many small businesses can't afford new equipment either......that's where the rubber meets the road.... Just think, when the business corridors shutter and deteriorate, it’s an incredible opportunity to return the concrete/asphalt jungle to major city parks….and put to work millions in doing so……”ani-depression” victory farms…….

I agree totally with BB; we can’t expect our economy to return to the crazy one that existed before this crisis….not for a long, long time………

I think a good investment is in used material things far into the future…….

Most people can’t afford to even pay their mortgages, school clothes, etc…and many small businesses can’t afford new equipment either……that’s where the rubber meets the road….

]]> By: LAGirl http://dailyreckoning.com/misleading-mainstreet-the-keys-to-the-phony-recovery/#comment-43863 LAGirl Thu, 10 Dec 2009 03:07:33 +0000 http://dailyreckoning.com/?p=20965#comment-43863 Obama tells business to hire even as he shuns the Chamber of Commerce? You can't bite the hand that feeds you and expect more meals, that's a lesson Obummer needs to learn. Obama tells business to hire even as he shuns the Chamber of Commerce? You can’t bite the hand that feeds you and expect more meals, that’s a lesson Obummer needs to learn.

]]> By: Baldy http://dailyreckoning.com/misleading-mainstreet-the-keys-to-the-phony-recovery/#comment-43859 Baldy Thu, 10 Dec 2009 02:44:33 +0000 http://dailyreckoning.com/?p=20965#comment-43859 To Harry, Sixty days will tell if you are a genius or a fool. I expect the media propaganda to pump up the good news till the 1st of the year, at which point many retail outlets will close since the consumer demand has dwindled so much. So January will have store closures, going out of business sales and layoffs, February should feature Commercial Real Estate defaults, since they will have less tenants in their strip malls, malls and commercial buildings. By March 1st we will all be shopping for new bigger houses to celebrate our new higher paying jobs, if Harry is right. On the other hand, we might instead be signing up for foodstamps and wondering if it might be a good idea to have the government start hiring people to tear down the overbuilt commercial and residential buildings. To Mr. Bonner, once again an insightful column that illuminates and entertains, what more can a reader ask for? To Harry,
Sixty days will tell if you are a genius or a fool. I expect the media propaganda to pump up the good news till the 1st of the year, at which point many retail outlets will close since the consumer demand has dwindled so much. So January will have store closures, going out of business sales and layoffs, February should feature Commercial Real Estate defaults, since they will have less tenants in their strip malls, malls and commercial buildings.

By March 1st we will all be shopping for new bigger houses to celebrate our new higher paying jobs, if Harry is right. On the other hand, we might instead be signing up for foodstamps and wondering if it might be a good idea to have the government start hiring people to tear down the overbuilt commercial and residential buildings.

To Mr. Bonner, once again an insightful column that illuminates and entertains, what more can a reader ask for?

]]> By: not-harry http://dailyreckoning.com/misleading-mainstreet-the-keys-to-the-phony-recovery/#comment-43845 not-harry Thu, 10 Dec 2009 01:38:39 +0000 http://dailyreckoning.com/?p=20965#comment-43845 The poster above is either an Amway salesman, or a medicine seller...wait...same thing. AGGRESSIVE hiring nest year, to go along with the AMAZING turnaround. Not to mention UNSUSTAINABLE government spending. BTW, I don't think the President's surname is Irish. The poster above is either an Amway salesman, or a medicine seller…wait…same thing.

AGGRESSIVE hiring nest year, to go along with the AMAZING turnaround. Not to mention UNSUSTAINABLE government spending.

BTW, I don’t think the President’s surname is Irish.

]]> By: Harry http://dailyreckoning.com/misleading-mainstreet-the-keys-to-the-phony-recovery/#comment-43820 Harry Wed, 09 Dec 2009 23:33:15 +0000 http://dailyreckoning.com/?p=20965#comment-43820 People, listen up - since O'bama took office during the worst recession since the GD, we not only stabilized but returned to growth. Housing has bottomed. Layoffs are dwindling. Most firms plan on hiring aggressively next year. What's wrong with you people?? Do you just want total collapse? We're fine now and getting better. 2010 will show job growth to accompany the amazing turnaround. And you still try to bring down O'bama? The guy should be seen as a hero - and will when history looks back. People, listen up – since O’bama took office during the worst recession since the GD, we not only stabilized but returned to growth. Housing has bottomed. Layoffs are dwindling. Most firms plan on hiring aggressively next year.

What’s wrong with you people?? Do you just want total collapse? We’re fine now and getting better. 2010 will show job growth to accompany the amazing turnaround. And you still try to bring down O’bama? The guy should be seen as a hero – and will when history looks back.

]]> By: fuddy duddy http://dailyreckoning.com/misleading-mainstreet-the-keys-to-the-phony-recovery/#comment-43818 fuddy duddy Wed, 09 Dec 2009 23:21:05 +0000 http://dailyreckoning.com/?p=20965#comment-43818 lol, yeah Mike. are you going to wait for Jeb Palin 2012 to solve our problems? Ha... ha... ha... if i didn't laugh I'd cry. stop living fox news please or we're all doomed, DOOMED i say! lol, yeah Mike. are you going to wait for Jeb Palin 2012 to solve our problems? Ha… ha… ha… if i didn’t laugh I’d cry. stop living fox news please or we’re all doomed, DOOMED i say!

]]> By: Mike http://dailyreckoning.com/misleading-mainstreet-the-keys-to-the-phony-recovery/#comment-43782 Mike Wed, 09 Dec 2009 19:29:51 +0000 http://dailyreckoning.com/?p=20965#comment-43782 My business expansion is pretty much on hold. Why? Who knows what Obama has instore regarding healthcare, tax increases, war, climate change, oil, U.S. debt, and illegals. Hunker down and wait him and his sidekicks out 3 to 7 more years. Way too much uncertainity. My business expansion is pretty much on hold. Why? Who knows what Obama has instore regarding healthcare, tax increases, war, climate change, oil, U.S. debt, and illegals. Hunker down and wait him and his sidekicks out 3 to 7 more years. Way too much uncertainity.

]]> By: CommonCents http://dailyreckoning.com/misleading-mainstreet-the-keys-to-the-phony-recovery/#comment-43729 CommonCents Wed, 09 Dec 2009 10:23:45 +0000 http://dailyreckoning.com/?p=20965#comment-43729 As the President asks business to hire you have to ask "Why should they?" It's not like business is a government entity like GM, AIG, Amtrak, teachers, money printers or the post office who can hire(just like they are doing) on a request for jobs. Business hires when demand at a profit exceeds current ability to produce and foresees future demand to continue. Mr. President, provide an environment for that type of demand and hiring will take place. Print, borrow and spend money on projects, services and government employees that cannot be supported by the real working population and that environment will never exist again. As the President asks business to hire you have to ask “Why should they?” It’s not like business is a government entity like GM, AIG, Amtrak, teachers, money printers or the post office who can hire(just like they are doing) on a request for jobs. Business hires when demand at a profit exceeds current ability to produce and foresees future demand to continue.

Mr. President, provide an environment for that type of demand and hiring will take place. Print, borrow and spend money on projects, services and government employees that cannot be supported by the real working population and that environment will never exist again.

]]> By: H V Himatsingka http://dailyreckoning.com/misleading-mainstreet-the-keys-to-the-phony-recovery/#comment-43701 H V Himatsingka Wed, 09 Dec 2009 04:23:43 +0000 http://dailyreckoning.com/?p=20965#comment-43701 The global economy is on a respirator.It will collapse the moment stimulus is removed. The global economy is on a respirator.It will collapse the moment stimulus is removed.

]]>