Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty

Are we seeing signs of a recovery?

August 3, 2009 by  

Are we seeing signs of a recovery?After a better-than-expected housing report, new economic data suggest the pace of the general economic decline has slowed substantially in the second quarter of 2009.

The U.S. economy shrank at an annual rate of 1 percent – far less than the 6.4 percent drop registered in the first quarter – according to a government report released Friday.

It was also less than the 1.5 percent predicted by economists surveyed by

Politicians have been split on their assessment of whether the economic stimulus package passed in February has contributed to the improvement.

While Democrats believe the government spending, made possible by the nearly $1 trillion stimulus, has stopped the economy’s free fall, many on the Republican side point to the dangers of a massive debt that is being accumulated and pushed onto the shoulders of future generations.

In an interview with CNN, Arizona Republican Senator and former presidential candidate John McCain admitted the spending may be helping the economy, but expressed concern that its levels are "unsustainable" and constitute only a short-term solution.

Many commentators expect the GDP to enter positive territory in the third or fourth quarter of the year, although it is hard to predict by how much. However, they are also suggesting that a sustained recovery will be difficult without an increase in consumer spending, which has thus far been hampered by high unemployment, currently at 9.5 percent.

Personal Liberty News Desk

Facebook Conversations

Join the Discussion:
View Comments to “Are we seeing signs of a recovery?”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at

  • http://ordy@fedtel./net Eric g

    If we are goiing to have european morals, eurpoean healthcare , are we going to try having a european work schedual . Europe uses only about half as much fuel as the united States . and still seems to be able to get evreything done on time . Europe has about twice as many medical doctors per patient , but still gets public health care for about half what we are spending . United States is said to be the land of oppertunity . Where else in the world could Bernie madoph sell billions of dollars worth of hot air ? Where else could a man get the top job of president of the nation without showing his school records or even proving he has only one name ? Yes truley anything can happend here .

    • icetrout

      Eric prove it.Thought not ,just more Neo-Lib communist rant:X

  • http://ordy@fedtel./net Eric g

    I thought socialism or even communism wasnt so bad . I believe Soveit and chinese communists suffered more from their destruction of religion than communism . A person dosent have to be a athiest to be a socialist . But the communists declared war on religion , the athiests wanted the peoiple to worship the goverment . This is the reason for all the deaths under communism . We are in a little trouble here in the United States right now too , The liberal democratic party wants to try a little more sociaism or communism . Of course the republicans think this could be the end of the world for them , the republican party more resembles NAZIs than communists .
    And NAZIs and communists dont seem to have ever gotten along very good . As a matter of fact I believe they literally hate each other . Here in the United States these people are not all NATZIs and Communists they are republicans and democrats . But it has gotten a little out of hand lately , maybe I’am just noticing it more .


Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.