Roubini Sees ‘Very Dismal and Poor’ U.S. Expansion http://www.bloomberg.com/apps/news?pid=20601087&sid=aqLMEUObhysc" Nouriel Roubini, the New York University professor who anticipated the financial crisis, said the U.S. growth outlook remains “very dismal” and White House economic adviser
Lawrence Summers said the economy is still mired in a “human recession.”....
"Carlyle Group LP co-founder David Rubenstein countered Roubini’s concerns. He said that even after a rally in global stocks that drove the MSCI World Index up more than 60 percent from March 2009, it’s a “pretty attractive” time to invest.
“There are a lot of great opportunities we see in the United States and abroad,” Rubenstein told a Jan. 27 panel. “Sometimes generals fight the last war, economists fight the last recession.”...
"Nobel Prize-winning economist Joseph Stiglitz said Obama’s previous efforts to bolster the economy are only “a step in the right direction.”
“I’m a bit worried that again it’s not enough,” Stiglitz said in a Jan. 28 Bloomberg Television interview in Davos. “He has to take a much more active” approach. “It has to be a second round in stimulus, focusing in particular on investment.”International Monetary Fund Managing Director Dominique Strauss-Kahn, who two years ago used the Davos stage to lobby governments to increase spending, said policy makers in the U.S. and elsewhere risk narrowing their options if they withdraw emergency measures too soon and the recovery falters."
The recession is pretty much over for Corporations and their execs and their shareholders. Fantastic news for them and their Supreme Court and their government that bailed them out with our tax dollars. But average tax payers are SOL. That's too bad they don't have a government and Supreme Court to look after them. If they did look after the sheeples, they'd be spending more money and have less concern about the great unknown deficit.
Taxation without representation?
