Money is the root of all evil, the good book says. but is it ? or is the lack of money the real evil ?

(more…) Mean Green for Chinese Chicken Feet Backs US Vampire Debt – What ?

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So who said what about the economy ?

As of the end of August, $151.4bn had gone to “American taxpayers and businesses in the form of tax reductions”, the council said.

Somedays I read the financials and just shake my head. othertimes I can clearly see the changes and hope that the rest of the population can as well. Lately the us news media mob has tried to hide the fact that there is an upturn occuring, since President Obama’s economic stimulus plan was put into action.

Yes Action – Now What Haters ?

all I can say is people need to read the numbers and stop runnin their mouths about things that are not true, and especially that they don’t understand.

The Expert from the Brookings Institute – which is about as republican as it gets;  puts it in terms any fool could understand – hopefully that’s simple enough for Rush and His Hillbilly Jihadists. if not we follow it up with the BBC IN Print. this way they can’t ignore the FACTS ALL OVER THE WORLD.

There is a time and a place to be rambunctious.  This is one to be jubilant and spread the word. The US Work Force is Picking UP Steam, Finally.

The US government is spending billions of dollars to stimulate economic growth

US President Barack Obama’s massive stimulus package has created up to 1.1m jobs, according to the White House.

The $787bn (£472bn) package, known as the American Recovery and Reinvestment Act, has also significantly boosted economic activity, it said.

The report on the act said it boosted US GDP by 2-3% between April and June.

US Treasury Secretary Timothy Geithner also said the strengthening economy means some state support efforts can be brought to an end.

“The financial system is showing very important signs of repair,” he said.

“As we enter this new phase, we must begin winding down some of the extraordinary support we put in place for the financial system.”

But Mr Geithner said the US economy was not out of the woods yet.

“We still have a long way to go before true recovery takes hold,” he added.

There are fears that economic recovery may stall when the stimulus packages run out, or are withdrawn.

‘Material change’

The US economy shrank at an annual pace of 1% between April and June, while the unemployment rate hit 9.7%, a 26-year high, in August.

Without the stimulus, both economic measures would have been even worse, the report said.

“Following implementation of the act, the trajectory of the economy changed materially toward moderating output decline and job loss,” the president’s Council of Economic Advisers told Congress.

The area where the stimulus package, passed in February, has been greatest is in directly helping those hit hardest by the recession, it added.

As of the end of August, $151.4bn had gone to “American taxpayers and businesses in the form of tax reductions”, the council said.

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