Do you believe the economic predictions?

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According to some sources, it will begin improvement in 2009. I personally think the administration says this to boost consumer confidence, but they don't know anymore than the next guy.

People which track economic indicators have found that they are currently around the level you'd expect maybe 4 months or so ahead of a recovery. They had an institute called ECRI on a radio program I was listening to last week. I'm not qualified to evaluate the evidence myself.

The economy will get better inevitably because it usualy goes up and down and up and down. When people tell me that when Reagan came to office he made the economy better. Well that was just a coincidence, same with Clinton, and same with Obama. But if the government starts stepping in and use price controls people will start losing the ability to buy things they might need, like food. Which could lead to the prohibition of easy access to food.

Right now, my eye's on the inflation levels a few years on

Here is an observation from a layman:

If all it takes to make an economy better is to print more money then how come we haven’t done it before, like in the early eighties or nineties?

For the most part, I don't think people are attributing the recovery to any of Fearless Leader's stimulus policies.

The stimulus' short term effects will be increased economic growth, the long term effects will be rapid inflation.

Also, don't expect the Chinese and Japanese to keep buying up all our debts forever, eventually they are going to stop buying US treasuries, and we are going to be screwed. But i don't blame either of those nations, since the policies of both parties have put us in this situation. I'd say expect a very different global financial system in the years to come... Hopefully the stimulus works, but we have certainly made a risky gamble.

1. Obama is not a communist.
2. Calling him "Fearless Leader" is petty and dickish.

He's got a name, just use it.

The economy basically is consumer confidence, so increasing said confidence will help the economy. But of course, this is temporary. It's a broken system, so you can't actually fix it, you merely create the illusion of fixing it to keep the farce going.

I do not know which predictions you are talking about, but i do belive in the +/- 10 year cycles of recession i have experience in my life that started around the years:

1990
2001
2008

Any financial person who have not noticed these cycles should give up economics and start fruit instead. We do not need more imbecillic f--ktards financial monkeys that buy and sell whenever the market go up/down and screw with peoples lives..

This has even been observed by other economists and have been confirmed by a longer history (than i have been alive and cared about it).

No - I don't believe them. 2009 will be a valley year; we can't recover that quickly. We have become a nation that relies on debt to balance our economy; as we start to realize that we need a steady-state economy to get running again, debt return to the position it should have been all along.

How long have you been sitting on this information?

During the early eighties recession we chucked many of the laws regulating the financial system to gain altitude.
During the early nineties recession we grabbed the internet bubble and floated away.
During the early naughties recession we landed on our homes easy credit.
During the current recession we seem to be using bags of tax money to shore up the foundation.
Somehow this doesn’t seem like another “+/- 10 year cycles of recession”. It seems to me like when this levee breaks we’re going to learn to weep and moan and we won’t be able to go to Chicago either.

http://en.wikipedia.org/wiki/Recession#United_States_recessions

Well, what do you know... coincidently, those dates are the same as when most of my friends lost their jobs.

Recession cycles are real. Once people learn to live/deal with them and not keep their spending-pants on 24/7, we will get a more stable global economy.

You aren't suddenly going to notice things getting better in the near future, and you've not seen the worst as far as unemployment goes. Things should reach their nadir next year, I reckon. Eventually it will improve, but you've got to realise your economy is almost completely f**** and that recent economic downturns don't provide good analogues from which to predict a recovery timescale.

Actually, fiscal stimulus is a normal post-WWII approach to a recession. What is different is the magnitude of the current stimulus.

Reagan and associates were responsible for big increases in government spending and government debt, and over the course of 2 years of that, the economy recovered.

Of course, the long-term effects may be different from the short term effects.