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Rodney Simmons

Is the Economy Improving?

Posted Friday, January 14, 2011, at 11:55 AM
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  • I do not disagree with your comments, but what are the solutions? People, especially in Tennessee have bought into the idea that government is the problem to all these ills, and that unobstructed free markets will provide the path to the golden land. The Obama administration has been hamstrung by these beliefs, and cannot deliver more robust solutions, which would require more federal government involvement, as was experienced during the Great Depression. This robust involvement could be a greater regulation of the financial markets which caused most of this problem in the first place. It is not Freddie and Fannie alone, because the Europeans experieced a housing bubble like ours.

    -- Posted by Grit on Fri, Jan 14, 2011, at 1:28 PM
  • The powers that be - in Washington - and whatever entity they represent, can juggle and manipulate figures to make us believe whatever they wish. Fuel, food, utilities, things we need for day to day living are still increasing. I, personally, cannot see how the economy has gotten better.

    -- Posted by ILoveRoses on Fri, Jan 14, 2011, at 1:57 PM
  • The government is showing a false hope to everyone, claiming that the economy is better and that the unemployment is down.

    First of all, they are ONLY counting those who are filing new claims for unemployment benefits. They don't count anyone who is not filing or those who cannot file.

    Foreclosures are still happening, people are still struggling, and there are still too many people unemployed.

    So, I agree. I don't see where the economy is getting better.

    -- Posted by PrpleHze on Fri, Jan 14, 2011, at 2:23 PM
  • Foresclosures are high because of government intervention in the form of the communtiy re-investment act which extended loans to people who could not afford them by bypassing time proven reuirements such as minimum down payments and debt to income ratios. These banking institutions got into trouble, Bush saw it, and told congress to correct the problem in 2006. They did nothing and the house of cards collapsed. This is just the market self correcting back to reality.

    The economy may be recovering slightly since most companies made drastic cuts that probably went beyond what was needed and now are needing to recover some of their lost productivity to meet demand.

    Gas prices are indeed growing and I expect the dollar will return to it's weakening progression. Inflation is on the increase on most products which is to be expected when the Fed. prints more money to buy up the huge government debt.

    Home values may be falling as much as in the great depression but the difference is that home values now are artificially inflated and during the depression they were not. Ask anyone who lived during the depression (although most of them were children then), what we have seen in the last few years doesn't even compare to depression days regardless of what the government and media tell you.

    The market is driven by how people feel, so yes I would say the government is trying to make people feel better about the economy. After all, we just had a turnover in the election so why wouldn't the incoming congress want us to feel better about it?

    If the government would stop plundering the people we would all be better off. Ask yourself this ; Does the government do by law what would be a crime for you to do as an individual? If the answer is yes, then it is an unjust law. Injustice eventually is corrected albeit quite painfully at times.

    -- Posted by Liveforlight on Fri, Jan 14, 2011, at 2:37 PM
  • THe only reason it is improving is because of Obama's low ratings. The economy will get worse in 2011 as the housing market continues to collapse and companies cut back. Home values were hugely inflated along with incomes and benefits. The low value of the dollar will compound this problem for some time to come.

    -- Posted by Chef Boy R.D. on Sat, Jan 15, 2011, at 6:38 PM
  • I kind of have a different take on the economy than most. Every time we have gone to (or past) a restaurant in Murfreesboro, Franklin, Nashville, Columbia, or Shelbyville, we have both noticed that the parking lots seem to be quite full. So, to me, this could be because of either of two things.

    1) People aren't really as affected by the "recession" as the media would like us to believe.

    or

    2) People are getting themselves further into debt by going to these restaurants and using credit cards.

    Am I the only one that thinks that we started sliding into this recessive economic state back when gas prices went up so high? Well, with oil prices going up again, and now they're saying food prices are going up as well, we shouldn't expect things overall to get better anytime soon.

    -- Posted by Thom on Sun, Jan 16, 2011, at 12:49 PM
  • Thom,

    I have wondered those same points myself. Even when the economy was at its worst, every restaurant was full every night. Or the parking lots looked that way at least. I also wondered if the gas prices were not one of the biggest issues to cause the economy to drop. Kind of like a perfect storm of economic crap. It seemed like before the media let us know the economy was bad, the only thing I heard was gas prices, gas prices, gas prices. I also wondered if people started hanging on to their extra money because all we heard from the media was how bad the economy was, which added to the further decline of the economy. BTW, I am definitely not an economist, but I did stay in a Holiday Inn Express, lol.

    -- Posted by greasemonkey on Sun, Jan 16, 2011, at 10:11 PM
  • It is kinda like the music in Jaws. We can hear DA-da dada and know its coming but we don't see the shark yet. But he is there people. He is there. And the Prez may get re-elected, but he sure as (bleep) won't get my vote. I think hopey changey has done enuff damage.

    -- Posted by cherokee2 on Tue, Jan 18, 2011, at 1:08 AM
  • But but but... Unique TVA says they are giving us a cut in electric bills. It is going to average 1.50 a month per household. Gesh I am not sure what i am gonna do with all that extra money :)

    -- Posted by Dianatn on Tue, Jan 18, 2011, at 9:04 PM
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