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June 18th, 2010
05:00 PM ET

Does it feel like a 'recovery summer' to you?

FROM CNN's Jack Cafferty:

Turns out "recovery" is in the eye of the beholder...

President Obama and Vice President Biden have kicked off a massive PR campaign... celebrating what they're calling "recovery summer."

Pres. Obama and VP Biden discuss implementation of the Recovery Act, which would ramp up economic stimulus spending over the next three months in a bid to save or create 600,000 jobs through summer youth programs, schools and public works.
Pres. Obama and VP Biden discuss implementation of the Recovery Act, which would ramp up economic stimulus spending over the next three months in a bid to save or create 600,000 jobs through summer youth programs, schools and public works.

They say the $860 billion economic stimulus bill is working. The White House says 2.5 million jobs have been created; and that number should reach 3.5 million by the end of the year. They're highlighting new jobs at thousands of infrastructure projects across the country.

But the celebration may be premature. Just yesterday - the labor department reported that new claims for jobless benefits jumped by 12,000 last week. That's a sharp increase and shows the pace of layoffs has not slowed down. Plus we still have a national unemployment just below 10 percent.

An editorial in the Washington Times called "Obama's Endless Summer of Spending" suggests the administration's "make-work" jobs program has failed - and that those infrastructure jobs which are being funded by the taxpayers will disappear when the stimulus money runs out. Fact is the current recovery has been one of the worst for job creation on record.

Meanwhile the picture in many of the 50 states is terrible and getting worse. State and local governments are cutting wherever they can to meet their budgets... reducing or eliminating public services, underfunding state pension plans - and cutting more than 230,000 state and local government jobs in the last two years.

Former Fed chief Alan Greenspan is out with a dire warning that the U.S. may soon reach its borrowing limit if we don't make some drastic changes and reduce our $13 trillion national debt. But President Obama wants billions more for stimulus spending.

Somewhere there is a serious disconnect.

Here’s my question to you: Does it feel like a "recovery summer" to you?

Interested to know which ones made it on air?

Steve in Chula Vista, California writes:
No way. As a small business owner in California, I can tell you business in our industry is slow with no sign of recovery. It feels like a slap in the face when Biden is out there touting how well the stimulus package is working. They must feel the need to defend all the spending that didn't work. Too bad they don't understand that you can't buy your way out of a recession.

Jerry in Johns Creek, Georgia writes:
This disconnect is between the rhetoric and the action. Lots of scintillating oratory will not change the situation... We need our manufacturing and technical support jobs back on U.S. soil. To reduce our deficit we need the world to buy the things we are making. The world will not buy American roads, we need viable products. We had them and Washington gave them away.

Pat in Michigan writes:
Well, Jack, we have a long way to go but my home town car plant is running 3 shifts, plus overtime. I think Americans have realized that American products are getting better. Keeping our money here is helping slowly. Now if we can slow down the fear-mongering in the media we might improve the outlook just a bit.

David writes:
Absolutely not. I even found a good paying job 4 months ago after a layoff of almost a year, but I feel like I could be out of a job at any time. I'm saving my money for the next round.

Patricia writes:
Recovery summer? No, more like a summer nightmare. Obama must live in his own reality.

Kim writes:
We're definitely not in a recovery. The stimulus spending is probably the only thing keeping the economy from getting worse, though, and that's due to start winding down in the fall. And just like in 1932, Republican deficit hawks will probably prevent any more stimulus spending, which means we'll bounce back into Recession/Depression again, just like in the 1930s.

Gary in Arizona writes:
"Recovery summer" my ass. They are putting lipstick on a pig.


Filed under: Uncategorized
soundoff (204 Responses)
  1. Russ in PA

    No. Foreclosures are up. Unemployment is up – except for government workers. Spending by the government is up. Gold is up. That is recovery?

    June 18, 2010 at 3:13 pm |
  2. Judy - California

    Yes, my son works for a steel company, and recently mentioned that suddenly the work load has picked up dramatically, the banks are beginning to loan money again, and the automakers are improving their quality and posting profits again. I DO believe we are beginning to feel the signs of recovery.

    June 18, 2010 at 3:14 pm |
  3. Rhoda Bryce

    No way, losing our home this summer. Thought I might make it until the recovery started. Not gonna happen.

    Rhoda Bryce
    Scottsdale, AZ

    June 18, 2010 at 3:17 pm |
  4. Ralph - Corpus Christi, Texas

    That sounds like something you'd hear at an AA meeting. No, I'm not recovered yet, ask me Monday- the first day of summer.

    June 18, 2010 at 3:19 pm |
  5. Larry,Springfield,Ohio

    Jack,there will no recovery until November,2012!

    June 18, 2010 at 3:20 pm |
  6. Rick McDaniel

    Only in Obama's dreams.

    June 18, 2010 at 3:22 pm |
  7. Dan, Reading, PA

    Jack,
    It feels like a recovery summer to me because my boss isn't talking about layoffs anymore. It feels like a recovery summer because I'll be able to afford to drive to the Jersey Shore. And it feels like a recovery summer because with two wars, the spill in the Gulf, the tension in Arizona and all the looney toons on talk radio and TV stirring up the birthers and tea-partiers, we still have this perfect union. I'm going to enjoy vacation later this summer, wave the flag and go see the fireworks. And I'm going to pull the plug, at least temporarily, on all the nattering nabobs of negativism.
    Dan ...

    June 18, 2010 at 3:24 pm |
  8. Ed from MD

    Not in a real sense, but if you try real hard to believe it can be any kind of summer you want it to be.

    June 18, 2010 at 3:28 pm |
  9. Stephen Paul

    Not in any way is there a recovery under way here in the USA. Our government; President and Congress just don't get it. We are looking dead on into the face of a double or triple dip recession. I'm so negative these days we are most likely to see an actual depression when we run out of credit. We've already run out of money which by the way went to the extremely small number of incredibly rich greedy folks. We must bring meaningful work back to this country or perish.

    Steve Paul
    Nashville, In

    June 18, 2010 at 3:33 pm |
  10. Jack - Lancaster, Ohio

    Jack:

    Well, kind of, I just found a quarter in the foodstore parking lot. I plan to buy a tea bag. Wish me luck.

    June 18, 2010 at 3:34 pm |
  11. David Scott Doherty

    Recovery of what of what Jack, our nations standing as a world leader, not hardly. Do you think the rest of the world will believe that the recent minerals report that just turned up, had nothing to do with us being in Afghanistan or the surge. Why is it that when we look at our nations history and we were fighting for our freedom, we called our patriots, rebels, but when the same spirit is exercised in Iraq or Afghanistan, we call them insurgents? Why would we think that the civilian population of these two countries would see these rebels as anything but heros!

    June 18, 2010 at 3:34 pm |
  12. Tom Mytoocents Fort Lauderdale, Florida

    Jack
    Of the jobs created how many were taken by non-American free ranging criminal illegal aliens?

    June 18, 2010 at 3:39 pm |
  13. JOE CE

    The economy is better but the Gulf disasrer brings uncertainty. Especially when some Republicans like the idiot from Texas and Conyers think that BP may be opwed an apology. We want strong action from the Prersident and we dot on the escrow fund.

    June 18, 2010 at 3:39 pm |
  14. jeff jones

    it feels like an oil recovery summer

    June 18, 2010 at 3:43 pm |
  15. Michael H. in Albuquerque, NM

    People in recovery are usually just waking up from a long binge of booze and wild behavior. That's the kind of economic recovery we got here. And, could you keep the noise down, Jack? We all got a nasty headache!

    June 18, 2010 at 3:45 pm |
  16. Tina Tx

    Not even. Cost of living keeps going up and salary is going down. Fun life if you don't weaken.

    June 18, 2010 at 3:46 pm |
  17. Kevin of SD CA

    Why ask this question? All you need to do is look at housing values and unemployment projections to know that we and going nowhere but down. On top of that Obama keeps passing socialist programs to take more from those of us who have actually earned our livings, and continues to give it to people that are all show and no go!
    Just to get something state; the Tea Party does not support corporate welfare! It is small business that is the only sector in our economy that needs really getting screwed by Obama, and Republicans also!

    June 18, 2010 at 3:46 pm |
  18. June

    If the president and VP think this is recovery summer I want some of they are smoking.

    June 18, 2010 at 3:47 pm |
  19. Mark, Oklahoma City

    Jack, EVERY summer is a recovery summer for me. I'm a school teacher!

    June 18, 2010 at 3:47 pm |
  20. Eric - Houston

    When in doubt, declare victory or perhaps "Mission Accomplished"!

    June 18, 2010 at 3:48 pm |
  21. frankie

    After I got free low-income home weatherization, my gas bills went so low that the gas company checked my meter to make sure it was working right. There are many small improvements in these tough times, the Administration is getting alot more done than they are given credit for. Did you notice that the Congress actually works now rather than being on a permanent vacaction? Well it's not all quality time but maybe that will improve too........

    June 18, 2010 at 3:49 pm |
  22. Paul New Port Richey, Fl

    Pelosi believes it. Her new $19,000 per month tax payer paid office in in-Sane Francisco is a testament to the success of stimulus or perhaps her usual nose thumbing hubris.

    June 18, 2010 at 3:50 pm |
  23. Dave, Brooklyn, NY

    Smoke and mirrors. If you are one of the lucky few who recently found full employment it may seem like a recovery. For the rest of us, we are still in a recession. And please get off that phony 10% figure. If you count those who are not counted anymore only because they have run out their unemployment benefits or have been unable to find anything near full employment at their former salaries, the number is closer to 20%. I’ve been un or under-employed for the last 8 years and at my age, I don’t have a prayer anymore.

    They can make all the speeches and draw all the pictures they want. But they can’t change the facts. Obama squandered his first year making concessions on healthcare reform to the point of gutting the bill and turning the rest over to the industry. All the while, he was borrowing on my credit card to give uncalled for bailouts to billionaires who took the money and sat on it. He raised my taxes and gave nothing to me. In 2012, he will be unemployed, at least momentarily.

    June 18, 2010 at 3:51 pm |
  24. Geri

    The country's political and financial leaders have put us on a runaway financial train leading nowhere except to bankruptcy. They lead their country like they live their lives: Spend Baby Spend.

    The baby boomers, while definitely knowing how to make money, haven't done well at the helm of the their leadership positions whether it's been at parenting or in politics, education, or as business leaders when it comes to making this country greater and ensuring a brighter today or tomorrow for younger generations. They sought everthing except "wisdom. and good judgement."

    And the way this administration expresses itself makes me wonder if emotionally, they never left high school. Recovery summer, indeed! I wonder who thought this title up? Tell me Jack, do they really think the hard working American people, who actually do pay attention, are as stupid as they hope we are?

    June 18, 2010 at 3:55 pm |
  25. John from Alabama

    Jack: I think the recovery begins this Fall. People will get tired of the 13 year old car they own, and purchase a new car. I believe unemployment rate will start to drop this Fall. Businesses now have enough credit or cash flow to start doing projects. They will start to hire new employees and recall laid off employees.

    June 18, 2010 at 3:57 pm |
  26. Tom in Desoto, Tx

    I'm not sure if it's recovery summer, I am positive things are much better today than the day Bush left office with the country in a shambles and his cohorts saying there was no problems in the country.

    June 18, 2010 at 4:00 pm |
  27. Pete from Georgia

    Recovery from what..............................2 million more federal government jobs created, driving us even further in debt ??? This administration is so completely out of touch with the real world they are now hopping and skipping about with summer camp slogans.
    It just doesn't get any more loony than this.

    June 18, 2010 at 4:01 pm |
  28. Ed from Port Aransas, TX

    I wish Mr. Greenspan had been concerned about the deficit in 2001 when he supported the tax cuts which the Congressional Budget Office predicted would lead to growing deficits ten years out.

    June 18, 2010 at 4:03 pm |
  29. Carl

    Jack,
    In the eyes of our lieing government, yes. How can we have any kind of a recovery when almost all our factory jobs are over seas. We have millions and millions of illegal aliens stealing our resouces and most of our jobs that are left here in the United States, so no, there is no economic recovery, not for a long time to come. As you drive anywhere in the United States, observe any construction site along the way, either in road or house construction and tell me what you see, almost all Hispanic, illegal or not, like it or not, this is a major problem. The one and only true reason our do nothing government will tell you that unemployment is down is because almost all of our unemployed have no benefits left, that is the true reason unemployment is down, but our government won't tell you that.

    June 18, 2010 at 4:06 pm |
  30. Lori - PA

    Jack,

    No, it does not feel like a "recovery summer" to me. I'm still unemployed, even after applying for so many jobs that I've lost count. The only change President Obama has brought is a change for the worse.

    June 18, 2010 at 4:06 pm |
  31. ranch111

    Absolutely not. I even found a good paying job 4 months ago after a layoff of almost a year, but I feel like I could be out of a job at any time. Saving my money for the next round....

    June 18, 2010 at 4:08 pm |
  32. Lance, Ridgecrest, Ca

    Jack, Washington can whitewash the data all it wants to, bottomline, unemployment STILL 9.7%, deficit spending $13T and STILL increasing, cities/states STILL in danger of default, U.S. economy STILL approaching the point of collapse. Any fool who thinks this constitutes a "recovery" needs to have their intelligence checked, because they are about a gallon short!

    June 18, 2010 at 4:08 pm |
  33. Kim

    We're definitely not in a recovery.

    The stimulus spending is probably the only thing keeping the economy from getting worse, though, and that's due to start winding down in the Fall.

    And just like in 1932, Republican deficit hawks will probably prevent any more stimulus spending, which means we'll bounce back into Recession/Depression again, just like in the 1930s.

    As George Santayana said, "Those who do not learn from history are doomed to repeat it."

    June 18, 2010 at 4:18 pm |
  34. Jerry Johns Creek, GA

    This disconnect is between the rhetoric and the action. Lots of scintillating oratory will not change the situation. It takes direct action and skilled leadership which is definitely lacking in all of Washington. The jobs our leaders are taking credit for are not long term employment opportunities, they are one off pork barrel projects. Once the project is complete the workers are once again unemployed. Hello!! Washington!! We need our manufacturing and technical support jobs back on US soil. To reduce our deficit we need the world to buy the things we are making. The world will not buy American roads, we need viable products. We had them and Washington gave them away with feel good political treaties.

    June 18, 2010 at 4:20 pm |
  35. SCOTT ROSE --- PANAMA CITY,FL

    Jack, Obama and his regime have nearly reached their goal of destoying the United States without firing a shot. This is more like springtime for Hitler / Obama, in that everything wrong and evil that has transpired in the past year + has done so to the utter distain of the american people. Obama hates america , that much is totally clear. Obama's wife hates america, also clear. Watch - another "crisis" , proably to do with these afghan pilots who went awol, will happen very shortly and when it does the constitution will be suspended and Obama's term in office will be made indefinite. We the people of the United States will be under the boot of a dictator - Barak Hussein Obama - Mark my words

    June 18, 2010 at 4:27 pm |
  36. Ken in New Baltimore

    After the mid-term elections and Obama and friends lose control of everything, that my friend will be true recovery. How can Dems stand there with a smile on their faces and tell us "everything's just fine"? The Prez goes to OH and people get laid off from "new stimulus jobs" for the day he's in town. That's a new kind of recovery. Oh, I see, that's the change Mr. O promised.

    June 18, 2010 at 4:28 pm |
  37. Patricia

    Recovery summer? No, more like a summer nightmare. Obama must live in his own reality.

    June 18, 2010 at 4:32 pm |
  38. honest john in vermont

    This is not the "recovery summer"? This is the summer of waiting for the other shoe to drop. We still do not have fundamental bank and Wall Street reform and they are holding on to the money and playing longs and shorts like they are at a roulette wheel in Vegas. These banks and Wall St have to be reigned in before any meaningful positive change can happen. Instead Obama is going after Arizona. It is the economy, stupid.

    June 18, 2010 at 4:34 pm |
  39. Jack Unemployed

    It is the height of hypocracy that the very Republicans that created the deficit by spending $1 trillion dollars in Iraq and Afghanistan are not punishing out of work American taxpayers – yes the 53% that still pay taxes – by voting against unemployment benefits. This is definitely NOT a summer of opportunity other than to find out where the local food bank is located.

    June 18, 2010 at 4:35 pm |
  40. Ed from California

    No. My neighbor is an out of work self-employed contractor. We went to a building trade show in SF at the Moscone Center, last week. It used to consist of four buildings. Last year's show was dismal, one hall. This year it was a Ghost Town. Banks and Insurance companies were there in force. No lumber companies, no tile companies, no tool companies. One only solar company, no window or insulation companies. It used to take us all day to go through it, we went through it this year in two hours. The vendors that were there were very nervous and worried about their future.
    We need America working, not collecting unemployment and then welfare to get this country moving! We need jobs, employers, a work place, not more money!. With jobs, we can make the money!
    Until the job picture turns around. We are all going to end up on the Social Service's trough. And be happy we got it!

    June 18, 2010 at 4:39 pm |
  41. Ben from Boston

    Jack,

    Maybe the President and Vice President are announcing a reversal of their economic policies that will start to bring about a recovery by the end of summer. Maybe there will be no trillion dollar deficits, maybe people will be able to keep their health care, maybe the video of oil spilling in the Gulf is really a mirage, maybe we are winning in Afghanistan, maybe Iran will embrace peace with Israel, maybe the green economy of Spain will really work, maybe Fannie Mae and Freddie Mac will be regulated like Wall Street, maybe the economy will boom so much that Democrats will win all the seats in Congress in November. Naah! We are in for more of the same! The folks in DC have the audacity of hope, but we suffer the reality of paying the bills.

    June 18, 2010 at 4:44 pm |
  42. Linda in Arizona

    Alan Greenspan? I wouldn't believe a word that came out of that liar's mouth. Hasn't he been thoroughly discredited by now after being responsible for allowing the derivatives market to proceed with no oversight or regulation, which led directly to the meltdown? Two words: Brooksley Born. So, ignoring whatever that Randian fool said, to answer your question, NO. It doesn't feel like a "recovery summer" to me.

    June 18, 2010 at 4:44 pm |
  43. Mr D

    It's more like "Our summer of discontent." Biden and Obama might be "the boys of summer", but the realities of the rest of the year could make for a cold November.

    June 18, 2010 at 4:49 pm |
  44. Steve in Chula Vista, CA

    No way. As a small business owner in California business in our industry is slow with no sign of recovery. It feels like a slap in the face when Biden is out there touting how well the stimulus package is working. They must feel the need to defend all the spending that didn't work. Too bad they don't understand that you can't buy your way out of a recession.

    June 18, 2010 at 4:53 pm |
  45. Debbie Meglen

    No, it does not feel like a recovery summer to me. I'm not sure what planet Obama and Biden are living on...but the rest of the country is in dire straights. While I am fortunate to have a job...everything has gone up, i.e. rent, food, gas, utilities, healthcare etc and the paycheck remains the same..with added responsibilities. This great nation of ours has fallen under the spell of all of those idiots in Washington....including our leader...Hope for change-what change. It costs us..the taxpayers $1 mil bucs every time he flits around the country or the world on a whim. We look like a bunch of idiots in this country.
    God help us!

    June 18, 2010 at 4:55 pm |
  46. pat in michigan

    Well Jack we have a long way to go but my home town car plant is running 3 shifts plus overtime . I think Americans have realized that American products are getting better .Keeping our money here is helping slowly.
    Now if we can slow down the fear mongering in the media we might improve the outlook just a bit.

    June 18, 2010 at 4:57 pm |
  47. katiec Pekin, IL

    Do you have a solution, Jack? Have your republican co-horts, who brought on all these diasters come up with miracles to resolve?
    No, all they and you can do is point fingers, preen in front of the cameras, make accusations and want to continue on with their politics as usual which almost destroyed our country,
    Where did the Jack that we so admired and respected go?

    June 18, 2010 at 4:59 pm |
  48. Dee in Woodstock GA

    bvc No, we are NOT in a recovery, and anyone who thinks we are is delu sional. (I guess that would be the politicians)

    But I wonder, everyone is calling the Obama administration "spend, spend, spend". I'm just wondering exactly what spending both parties can agree on to stop. Anyone want to stop spending on the cleanup in the Gulf? I already know that the Republicans want to stop spending for unemployment compensation. Is there anyone who wants to stop spending on these stupid wars?

    June 18, 2010 at 5:01 pm |
  49. Greg H - Minneapolis

    Jack, about the only ones doing well economically are all of the members of Congress! Since they are not doing so well for the rest of us, the best thing we can do is FIRE them come the next election! One question though, can we SURVIVE long enough to get that chance to fire Congress??

    June 18, 2010 at 5:02 pm |
  50. NM in TX

    Jack,

    Recovery? Military spending does not have much economic impact. Build a Humvee, blow it up and you are done.
    Build a car, drive the car, service the car. Factory employees make money, neighborhood business flourish, And down the line with service stations etc. People buy houses etc.
    We could stop the perpetual war economy, cut our deficit and allow the economy to recover. Then infrastructure would be permanent really creating real jobs.
    You would find out quick if we support war if taxes were raised to pay for the total cost of the two purposeless wars from their onset to conclusion.

    June 18, 2010 at 5:02 pm |
  51. Alex in Gig Harbor, WA

    I just landed a job after over a year unemployed. "Recovery Summer" means that I can start paying down my credit cards with which I have been propping up part of the economy.

    June 18, 2010 at 5:03 pm |
  52. Michael Bindner, Alexandria, VA

    We shall see. If I get converted to a permanent job and my wife gets a raise, it will seem like a recovery summer – especially since we are spending 3 of 4 weekends in July in Delaware at the beach.

    June 18, 2010 at 5:05 pm |
  53. Sammy

    Hey Jack: Want to know something? I am really tired of you so-called journalist practicing so-called journalism flapping your lips trying to undermine President Obama. Especially since the republicans and the so-called media has been doing everything they can to derail this President.

    How many articles or opinion pieces have you written about the obstruction the President faced daily from the republicans? How many articles have you written about the more than 100 nominees that the republicans have held up?

    Can there be a recovery with the republicans derailing everything the President tries to do?

    You so-called journalist gave Bush/Cheney a free ride to invade and destroy the country that used to be Iraq. Now you are giving them a free ride to try to destroy President Obama.

    June 18, 2010 at 5:06 pm |
  54. Patti

    No recovery here...Have been actively looking for a job since December (collecting no unemployment benefits). Dozens of applications and resumes sent each week, seems there are hundreds of others trying for each job...Where is all that stimulus money going...... It would be nice if the current administration showed as much concern for the hurting US citizen as it does protecting all those illegals......they're clearly doing better than the rest of us....

    June 18, 2010 at 5:08 pm |
  55. Marlene

    There are several road and infrastructure projects happening around our area, right now. I'm sure the companies involved are happy for the work vs not having the work. Why all the negatitivity, Jack. I don't see anyone else coming up with solutions. The Party of No has just stuck with their obstructionist ways and they don't solve anything. They don't propose anything either. Why not go positive and see what's really going on in the country, instead of just the "talking heads" saying the country is heading downhill. Go out there and report, get us the facts! Marlene in Mich

    June 18, 2010 at 5:10 pm |
  56. Meg, Florida

    I believe that administration is passing this off as more of a 'recovery summer' than it is because they feel the need to take some of the heat off of what the people think has been 'weakness' taking care of the oil spill. I think that this summer will continue to fluctuate in the recovery sense as it has over President Obama's term; it will improve, but not so much that they should be calling it as such.

    June 18, 2010 at 5:10 pm |
  57. Ralph Spyer

    Former Fed chief Alan Greenapan dire warning is 5years to late. He was in bed with the Wall street banks , He read to much Ayn Rand like "Questions of right have no bearing on human existence"

    June 18, 2010 at 5:10 pm |
  58. frank

    5 years out of work, going on 6 in August, what do you think? and no, never got unemployment.

    June 18, 2010 at 5:10 pm |
  59. Carl - Michigan

    Remember the word recovery does not mean healed.

    We have a long way to go until we are well and fit, but we are in that process, therefore we are recovering. And it will not be until some form of energy and climate bill is created that opens the door for new manufacturing, engineering, and innovation will we totally heal.

    June 18, 2010 at 5:10 pm |
  60. Lene', IL

    These people need to wake up and start bringing our outsourced jobs back.

    June 18, 2010 at 5:11 pm |
  61. Mark, from Las Vegas

    14% unemployment here in Nevada. I don't think so.
    Mark

    June 18, 2010 at 5:11 pm |
  62. ken from conn

    We boast about how great our constitution is, yet don't seem to put much credence in it. And if it's open to interpretation, we will just call it like we see it. That is dangerous and destructive. Maybe the Supreme Court will sort things out? Don't we have three branches of gov't? Some people may want Obama to succeed, but the price will be a different country, a weaker country, a country given over to those not interested in what our freedom is about. Is there a recovery? It's all in the eye of the beholder? But what is the TRUTH? Many see it and many are caught up in their hopes. We all hope for the best. The BEST will come, but not before the times come that no one wants. Can our understanding be enlightened? Oh course. And who above all can give us that!!!

    June 18, 2010 at 5:11 pm |
  63. Claudia, Houston, Tx

    If it's not a "summer recovery" I need an explanation as to why the airlines are so overbooked due to summer vacation travelers.

    June 18, 2010 at 5:11 pm |
  64. Joshua of Va.

    Recovery? What recovery?

    June 18, 2010 at 5:13 pm |
  65. Chaney, La.

    Yes Jack some recovery is in progress , my son-in-law 401K has recovered, and the plant they shut down 14 months, reopened 6months ago. We should remember that it is going to be a slow recovery.

    June 18, 2010 at 5:14 pm |
  66. Becki from Louisiana

    NO! So many people are out of jobs and now with the oil rig explosion (it is not a spill it is a gusher!) and the moratorim what are people to do? People cannot just lay down and die...can they?

    June 18, 2010 at 5:14 pm |
  67. gregg r

    I think so, it seems that attitudes and employment are slowly picking up. Don't forget how deep the whole was the George Bush left us !

    June 18, 2010 at 5:14 pm |
  68. Nancy, Tennessee

    "Recovery Summer" is not what I would call this season. It appears to be the "The Summer of our Disaster". The oil spill is challenging our already fragile economy. It scares people and causes depression that tends to keep travel and spending down. As a nation it looks like we pick ourselves up just to get knocked back down.

    June 18, 2010 at 5:15 pm |
  69. Daniel, Waterbury, CT

    It is not that bad, it certainly beats the "republican winter" we just left behind.
    There's no way to know if the stimulus is working or not because it's impossible to know where we would be without it.
    The American people will have to work hard to get out of this hole, and better remember who dig it in the first place.

    June 18, 2010 at 5:15 pm |
  70. Gregory Tripp, Mechanicsburg, PA

    All I know is that I am not working (for pay) for the summer term. All my applications for part time, evenings, and weekends are out and there's not a knock on the door, ring of the bell, or toot of the horn. There is no work available for a 56 year old, educated, experienced yadaya like me even though I'm willing to do almost anything legal to make a buck. No workie, no money. No money, no spendie. I hope the rest of the world finds a summer job that works for them.

    June 18, 2010 at 5:16 pm |
  71. Joe C

    Of course it does, Jack. This summer the bank will "recover" my house, and my financing company will "recover" my car. (Do you happen to have a spare room at your place?)

    June 18, 2010 at 5:16 pm |
  72. Ira

    No, but maybe it is for all those Afghans who escaped the military and are running arround the country yelling "more immigration".

    June 18, 2010 at 5:16 pm |
  73. A Happy Lowes Employee

    I have a job when I could have been laid off. Lowes in Marshall, Texas keeps making budget and our payroll has more hours than we did last year. We have created new positions along with the added hours. Not to mention I did get a pay raise so it's summer recovery for me.

    June 18, 2010 at 5:16 pm |
  74. Bob Ploehn

    Easy to take potshots at the slow recovery from the worst recession since the Great Depression. That one took around ten years and WWII to recover from. Now the microwave generation wants an instant recovery from a global meltdown having nothing to do with President Obama. Give it a chance, Jack. Yeah, this will be the "recovery summer."

    June 18, 2010 at 5:16 pm |
  75. Ken in NC

    I've cut way back on my spending and holding on to everybodys money I can get my hands on.

    June 18, 2010 at 5:16 pm |
  76. Karen Carr

    Recovery Summer? For the South and the Gulf Coast states , we are looking at perhaps a century of recovery, if ever. The system is broken, from the Republicans to the Democrats. We've turned the greatest democracy in history into a three ring circus. We The People need to buy back our country from Big Oil and corporate greed.

    June 18, 2010 at 5:16 pm |
  77. Jim

    Jack,

    It feels like the "Summer of No Recovery"... the same sinking feeling as on the Titanic. The Ship of State has been taking on so much water with the federal government buildup under President Obama that it's beyond recovery. Please hand me a life preserver. We'll all need one.

    June 18, 2010 at 5:16 pm |
  78. Steve

    Recovery Summer? Jack, you know as well as I do that if any of these Government officials had to go out and actually earn their money and make a living, none of them would be saying we are in a recovery. Unfortunately it's the usual spin from the Administration to make people believe that all of this wasted spending has worked. As a business owner, I can tell you that nothing has changed.

    June 18, 2010 at 5:17 pm |
  79. Kenji from Salem, OR

    Jack- Yes. My business is up 8%, on top of 9% growth last year. I've been hiring people. People in my industry are seeing record growth. Best wishes to those who are still looking for jobs- they're coming. Remember it's always darkest before the dawn.

    June 18, 2010 at 5:17 pm |
  80. Rob Diebold

    Yes. Things are definitely better for for me personally and for my business. We should double if not triple our income this summer. We do graphic design and our clients are finally starting to spend money again. It's been a tough few years but we're glad to to seen at least a temporary end to teh financial drought.

    June 18, 2010 at 5:17 pm |
  81. Bruce

    No it does not. We are headed for a major catastrophe because the real news on the gulf oil volcano is not getting out. I reccomend people look at Bill Ryan's blog at Project Avalon for non-filtered news on this.

    June 18, 2010 at 5:17 pm |
  82. Mel

    Obama knows the unemployment is not going to come down anytime soon so they are doing the next best thing Jack, "Cook the books" is what this is called. Obama has been a failure and this is coming from someone who voted for him. Big mistake on my part Jack but I will make up for it in Nov by helping to vote out all encumbents,,,

    June 18, 2010 at 5:17 pm |
  83. Bill Devon

    not at all! Where are the jobs?! I have my bachelors degree and have just graduated with my MBA yet I am unemployed and broke with no where to turn it seems! Summer of Misery is more like it!

    June 18, 2010 at 5:17 pm |
  84. TerryDoherty

    The only thing that has recovered this summer is the corporations and the banks have recovered billions of tax payers money and the taxpayer has nothing to show for it. It may be a little easier to deal with if we atleast had a job recovery that looked promising. But all we have recieved is another dish of bureacratic Bull$*!#.

    June 18, 2010 at 5:17 pm |
  85. Reese

    Jack, please drink a cold cup of Drano. Do us all a favor.

    June 18, 2010 at 5:17 pm |
  86. katiec Pekin, IL

    With the media and the republicans strongly obstructing every move made to better our country, with distortions, right wing bias of CNN, we will still survive, regardless of the lies, distortions, finger pointing and hypocrasy.
    Good response, Sammy.

    June 18, 2010 at 5:18 pm |
  87. Buzz in Solvang

    I would love the naysayers, the haters and sore losers to tell us what the republicans would do for them since they are in such a hurry to get rid of Obama. OH THAT'S RIGHT they forgot that it was the republicans who did this and Obama is trying desperately to get us out of it and is running into nothing but opposition from the same people who drove the country into the ditch and now want the car keys back. So the sore losers seem to forget that.

    As for the recovery, if the republicans would STOP filibustering every single attempt by Obama and the democrats to fix the mess the Republicans made, maybe we would be seeing more job recovery.

    And the sore losers need to remember one thing. BUSH is the one who gave the almost one trillion to Wall Street.

    June 18, 2010 at 5:18 pm |
  88. Al Bledsoe

    Recovery from economic blight, yes. The structural casualties of this past depression will never come back - you'll have to change your career if you are still laid off.

    June 18, 2010 at 5:18 pm |
  89. Catherine

    No, it does not feel like a summer of recovery. But then I don't think ANY president could have fixed the mess left to us by the last administration. How you go from 20 million surplus to trillions in debt in just 8 years is the real exercise in spending. If the last administration hadn't started 3 unjustified wars and eliminated taxes for the rich, we might not be in this mess.

    June 18, 2010 at 5:18 pm |
  90. Louie

    Jack, Rome wasn't built in a day, give the President time, he is doing a great job!

    June 18, 2010 at 5:19 pm |
  91. John Simonds

    It doesn't even feel like summer yet, here in Seattle.

    But if the President and Vice President were out nay-saying the economy like the out of power party. Both would be criticized by the other side for being too negative about America and hurting the economy.

    June 18, 2010 at 5:19 pm |
  92. Steven Spencer - Orange County, CA

    I have been looking for work for 20 months – my unemployment has run out and it’s not getting any better. I have been working in technology for 22 years and I am 52 years old, I’ve been told that a position is entry level more times than I can count and that I would not be challenged or that I’m over qualified for many positions – my response is always that I just want to work and will give 110% if given the opportunity – which has not panned out once in many interviews and phone interviews. My wife and I ( she has been unemployed since June of 2009 – but could not collect since she was working for the Methodist Church – non-profit ) are going to have to start considering bankruptcy, as well as possible loss of home and at least one vehicle – how is the economy better for me? I have fallen off of the roles like countless others ... we are the unemployed that no one is thinking about anymore.

    June 18, 2010 at 5:19 pm |
  93. Bob From Massachusetts

    This is the worst Summer of my 67 years! I worry about the rich as they do about all of their money! We are in deep doo-doo but nobody will admit it. I do have hope, however The Gulf mess clouds all other issues. We need a NRA and a WPA don't you think? Opinions seem endless.

    June 18, 2010 at 5:19 pm |
  94. Larry

    For some reason jack Americans are brainwasher or there is mass mind control from "The Bog' (Far right wacko's) because I don't blame Bush for this I Blame Reagan...If people would just look at the facts for a change ...Here's s fact most people don't know...starting with Reagan he destroyed are manufacturing base overnight and real wages of most workers have been declining with the Reaganomics I have volumes of facts and a lack of thinking Americans..

    June 18, 2010 at 5:19 pm |
  95. Lyn

    Yes it does. Let's see, 2.5 million jobs have been created and could get 3.5 million. That is far above the 12,000 unemployment claims.
    Let's give President Obama credit for what has been accomplished and quit running him down every day. You keep it up and you might end up like Dobbs.
    Please, have an optimistic article of our Commander in Chief for a change. You can surely find something. If you could speak good of G. W. Bush, then there has to be many many good things to say about this Administration. It could be because Bush shipped many many jobs out of the country before Obama got in office.

    June 18, 2010 at 5:19 pm |
  96. ken

    Yes – more recovery than an anti-Obama diehard like you can give credit for.

    June 18, 2010 at 5:19 pm |
  97. John

    No the economy isn't getting better in the county I work! Won't get better for some time! The President has come to this county at least four times to encourage those laid off or working very few hours that change is making a difference!

    Yes it's making a huge difference things are getting worse, not better. I've worked for this county for almost 30yrs. and things are worse now then they have ever been. We have made it through tuff times before but I don't see this county making this time! We have been sold out and there is no hope for the future with the way this President is going!
    WAKE UP AMERICA!

    June 18, 2010 at 5:19 pm |
  98. Mike

    After the eight years of the "nuclear winter" we all went through, you bet it feels like a recovery summer. There is sunshine, hope, not a lot but some. Which is a "h" of alot better than the dark, dreary days we are recovering from.

    June 18, 2010 at 5:19 pm |
  99. Paulette in Dallas,PA

    Not at all. The state of Pennsylvania's unemployment rate is 9.1% This is 1.1% higher than it was in 2009. This area is called a "Depressed" area even in good times. The State Capitol,Harrisburg,has been called in another article on CNNMoney.com the "junkiest" of cities and is considering filing for bankruptcy. Retailers are begging for business and trying all sorts of incentives to get people in the door. Homelessness has increased over the past year and according to CNNMoney.com one day this week – 75% of renegotiated morgages are expected to default. Sounds to me like this country is slipping from the "Great Recession" into another Depression. All caused by the politicans greed. Total disgrace!

    June 18, 2010 at 5:20 pm |
  100. Debbie B

    No, there is no summer recovery, nor does it look like there will be a fall or winter recovery. The numbers are always misconstrued by the government. But what else is new? My job was permanently lost. I'm back in school at over 50 to change vocations. Without help of friends I'd be living on the street. Grim is looking grimmer and grimmer.

    June 18, 2010 at 5:20 pm |
  101. bill rogers, cape cod

    it does here ,you can see construction going on everywhere,im working overtime, you did not see any constuction going on a year ago,people are adding on and remodeling their houses,and we turn around and spend our money at the local stores,who seem to be doing much better now

    June 18, 2010 at 5:21 pm |
  102. mark

    Well a new report says unemployment is down in 37 states. So things are turning around. But my question is why didn't anyone listen a few years back when economists were warning 2 unfunded wars and tax cuts and new entitlements were going to kill our nation? Obama is doing all he can but it's too late to slam on the brakes after the car goes over the bluff.

    June 18, 2010 at 5:21 pm |
  103. Milton Fernandez

    This absolutely does not fell like a recovery. The administration talks about jobs created. The only jobs being created are for or by the government. People haven't forgotten that of the 431000 jobs created last month, 411000 of them were temporary census jobs that are being payed by us, the tax payer. Jobs need to be created by the private sector. That is the only way a true recovery will ever be seen.

    June 18, 2010 at 5:21 pm |
  104. paul

    In Iowa the crops look good and more Gov. money on the way for farmers. Land prices are at record levels and more gov. money on the way. Good summer!!
    Sure hope for NO CHANGE here!!

    June 18, 2010 at 5:21 pm |
  105. Charlie

    Jack, Obama and his pals are in Wonderland. They just think they can say that they are in charge and things will magically get fixed. We are becoming a laughing stock world-wide. Recovery Summer? Surprised he did not say Christmas in June. Obama talks, but he has not listened. The problem is that no one calls him out about it.

    June 18, 2010 at 5:21 pm |
  106. Ashley Hawkins

    No. The major change we need is getting rid of Obama the talking robot. Please let the impeachment process begin. And as for the economy it's going south and fast. God save us all...

    A "Talking Head" (as Pres. Obama calls us) from the Golf Coast. And don't get me started on that!

    June 18, 2010 at 5:22 pm |
  107. Sam

    Jack:

    I was a loyal CNN Situation room follower, but your constant Obama bashing has gotten to be too much. I am switching to MSNBC as of today.
    I feel that CNN is joining FOX news in the quality and content of the journalism.

    By the way I am not the only one that feels this way.

    June 18, 2010 at 5:22 pm |
  108. Chuck Ledford

    I've been out of a job since September 2009. The outlook here in Jacksonville is dismal. Can't find anything, yet I keep hearing that the unemployment is around 10%. How can that be? There was a book written in 1954 called "How to Lie With Statistics". Sounds like it's become a "must read" among the ones generating our unemployment and jobs creation figures.

    June 18, 2010 at 5:22 pm |
  109. David Harlow

    No way. They are proppin gup the economy as best they can before the election, but it is not working very well.

    I don't know what they're on, but most Amercians could use some of it.

    Keep up the good work, Jack!

    Dave Harlow
    Dayton, OH 45414

    June 18, 2010 at 5:22 pm |
  110. Billy Smith Ft.Lauderdale

    If you call spending more money than we can ever repay a recovery then this will be thee best summer of all time Jack. If you believe those two guys then let the false hope and celebration begin!

    I am not a believer!

    June 18, 2010 at 5:22 pm |
  111. Kevin L

    It sure does! Get off our President's back about every little thing...
    Not only has he brought the country back (at least trying), he's shows how you brush off the "little people" who DO NOTHING for us unless they get the lions share of ALL moneys involved. These repelicans want to try and take it all and right in your face with it.
    Thanks Pres!

    June 18, 2010 at 5:23 pm |
  112. Jon Youngblood - Portland, OR

    There will never be a recovery until two things happen: Stop driving gas powered vehicles as our daily transportation, and reduce military spending. The first is obvious and we are shamed for doing nothing serious. The second is a point of contention that needs much more exposure. States cut services to our old and ill, while nobody discusses how to trim military spending, which is by far our nations biggest expenditure, making the costs of social services seem like a fly on an elephants behind. Who is in control? Our elected President or General Petraeus? .

    June 18, 2010 at 5:24 pm |
  113. Tony

    Mr. Obama and his entire administration are delutional. In Obama land, life is great and hopeful. In reality, life cntinues to be difficult for the average person. Jobs improving the country's infastructure are wonderful but ony benefit a very small percentage of unemployed people. What Mr. Obama never addresss is how this financial crisis has caused a paradigm shift in the labor market; and if you're over 50 like me with no degree–forget about it.

    June 18, 2010 at 5:24 pm |
  114. Brad R

    "Recovery Summer?" More like "Disaster Summer." The economy is still in the pits, unemployment hasn't dropped in months, and we have the worst environmental disaster in American history still uncontrolled. It's not a recovery to me.

    June 18, 2010 at 5:24 pm |
  115. Jasmine in Germany

    Yes, Jack. This will be my second summer to recover from the previous administration.

    June 18, 2010 at 5:24 pm |
  116. Jim Blevins

    Actually it does. Its not that things are good, but I do feel like we have begun the climb back to good.

    Jim, Craig, CO

    June 18, 2010 at 5:24 pm |
  117. minnesota stanley

    No. More like the Summer of Murphy - you know if it can go wrong it will. I really wish Obama would just take a little of his time-off and re-read his Economics 101 text book. There are some very basic economic concepts there that are are extremely important to get right these days. Good stuff for an academic mind.

    June 18, 2010 at 5:24 pm |
  118. Trev

    Jack, The recession would be a depression without the stimulus program. The problem is that this administration every administration before, firmly believes in top down stimulus which is very, very slow. There should be a two prom approach to the recovery effort: (1) stabilize the financial institutions and (2) move quickly to the direct-recovery of the housing market for first home – primary residence only. It is not too late but the administration just doesn’t get it!

    June 18, 2010 at 5:25 pm |
  119. JimGreen, Seguin, TX www.Inclusivism.org

    Jack, the problem, here, is that we need to look at "unemployment" with fresh eyes–we are still living in the shadow of McCarthyism–and Full Employment is looked upon a "communism" - when, in fact, it is an indispensable component for a market economy to operate at its highest efficiency - when automation/technology knocks out millions of jobs, at your article in Fortune pointed out - our current economists have a deer in the headlights look - our only solution is a policy which embraces "public employment" - and we can pay for without adding a dime to our deficit - see my web page - I'm not selling anything but common sense and the welfare of America -

    June 18, 2010 at 5:25 pm |
  120. George in Atlanta Ga.

    It would only be Recovery Summer if Congress was actually passing laws to recover our middle class jobs from China India ,etc.

    June 18, 2010 at 5:25 pm |
  121. Paul F. Caron

    Jack: The picture I see is a swimmer trying to get away from a school of pirahna. The swimmer is the President and the pirahna are the media like CNN who need negative news constantly in order to be marketable. Sometimes I feel that the country would be better off if the media (most notably the TV kind) would disappear completely.

    June 18, 2010 at 5:25 pm |
  122. Greg Hamby

    Greetings Jack, my business is doing much better this year than last. I am in the lodging business and many more folks are vacationing this Spring and Summer than last.. The President will make it work. It takes time to correct the bungling of the GOP since Nixon.
    You all are too impatient.

    June 18, 2010 at 5:25 pm |
  123. Denise

    Jack, You are sounding more like Fox News everyday. I new there was a reason I stopped watching you. The President is doing the best he can under the circumstances. This started with Bush/Chenney but you seem to have forgotten that and want to go back to the good old days{bush/Chenney}. Oh, Things seem to be getting better here so get a grip!!!!!

    De NC.

    June 18, 2010 at 5:25 pm |
  124. Jeannie Vawter

    We live in Seattle WA and have a small construction company, we cannot collect unemployment because "if our business fails its due to our own decisions", thats what they say. Our states congress people told me that they were working on an initiative for the government to secure credit lines for small businesses. That's dumb, the banks know that construction is dead. Thats why they cut our credit line. We've done good honest business and now...and now we are looking at losing everything and not from anything we did. We bought our house on a fixed loan with over 20% down. What did we do wrong. If the gulf businesses can sue BP, do you know if we can sue the banks, the Bush Administration, the housing developers that flooded the market?? By the way....I'm really really scared.

    June 18, 2010 at 5:26 pm |
  125. Bernard

    Jack, any recovery takes time. It took 8 years for Bush to wreck the economy but Obama has been in the office only a year and a half. Do you really expect him to come up with a magic pill that can fix everything overnight?

    June 18, 2010 at 5:26 pm |
  126. Rickey Thomas/Omaha, Nebraska

    Jack, recovery summer? We have yet to operate. No, I'm afraid its going to be a long hot summer, and not because of the "green house effect"–rather the "Obama effect" and his lack of real presidential leadership. He's a great poseur, and quite cerebral too; I'm sure in 2012 there will be a myriad of college universities that will be vying for his better suited tenure.

    Sincerely and Respectfully,
    Rickey

    June 18, 2010 at 5:26 pm |
  127. ann perry

    We just came from Florida and saw signs for help.Signs I have not seen in years.One man wanted to give my husband a job at a Country Club.So I think we are slow but will get there.

    June 18, 2010 at 5:27 pm |
  128. Don Thomann

    No, it not only doesn't feel like a recovery summer, it's not going to be a recovery summer. However, your subliminal suggestion that abandoning our infrastucture, the unemployed, the poor and the elderly to the whims of fate might help make it a recovery summer, is totally unrealistic! "Recovery" will not be found in the collapse of our social "commons."

    June 18, 2010 at 5:27 pm |
  129. Patricia Culpepper

    Cafferty! Cafferty!
    Where were you, you of short memory, when Bush was spending, spending, spending, shoveling money to his family, friends, and cronies? Obama is not creating debt. The debt was made before he took office. Obama cannot reduce what has already been spent. He can only pay it down. He is trying very hard to keep world finances from collapsing. On what planet do you live? The debt left by the previous administratiion is sucking the life boook out of the United States, not to speak of one of our most precious resources: The blood willingly spilled by our brave young soldiers caught in a terrible vise not of their making.

    Get with the program, Cafferty. Be part of the solution rather than part of the problem.

    Pat Culpepper
    Winfield, AL 35594

    June 18, 2010 at 5:27 pm |
  130. geezerteaser

    What recovery no jobs no oppertunity. Total incompentense in Congress and the President these guy's have no clue on how to run an ant farm let aloan a country as great as this. Capitalism is what this country was built on not this quasi socialism!

    June 18, 2010 at 5:28 pm |
  131. Brian Wilkinson

    Recovery summer? ABSOLUTELY NOT! What planet are they on? there are no jobs. Even when you prove them wrong they go right on saying the same stupid stuff. There is something wrong with this and I believe its intentional and i believe the country needs to figure it out quickly or they are going to take us too far down. They have some audacity to accuse BP of lying and stonewalling. Obama is the best there is at it.

    June 18, 2010 at 5:28 pm |
  132. Trev

    Jack, The recession would be a depression without the stimulus program. The problem is that this administration every administration before, firmly believes in top down stimulus which is very, very slow. There should be a two prong approach to the recovery effort: (1) stabilize the financial institutions and (2) move quickly to the direct-recovery of the housing market for first home – primary residence only. It is not too late but the administration just doesn’t get it! It is not working fast enough.

    June 18, 2010 at 5:28 pm |
  133. mark from tx.

    yes; this feel like a recovery summer to me, if the bush administrstion was still in office ,that texas congressman would be admired for his support of big buisness, because he would have been supported by the government or bush cheny administration. the working people that pay the bills are beginning to see a little light at the end of the tunnell.those of your income simply want to protect your money. and positions of power;;;;;;;

    June 18, 2010 at 5:28 pm |
  134. Theresa

    It is not a recovery especially to those who are unemployed and benefits are being held up in the Senate. The Senate and Congress are raising millions of dollars in Campaign money from businesses who could be using that money to create jobs. These deficits watchdogs are watching their own wallets ensuring themselves that they will have a job while millions Americans are drowning. There is REAL wasteful spending in our country that can be cut. Funding unemployment is not wasteful those people who were move from a working class to poverty without their permission are frivolous spending. American worker now fall under the slogan “All gave some and some gave all” If we take the only source of income from millions of Americans we will fall into an even worse depression!

    June 18, 2010 at 5:28 pm |
  135. Annie, Atlanta

    No, Jack, but you’re right about that disconnect, you just have the players wrong. It’s between the haves and the have-nots, the likes of which we haven’t seen since the Gilded Age. Ask the 800 auto workers in Kenosha WI who are fighting to keep their plant there instead of Mexico what kind of summer they’ll have if they lose. Or the Mexicans, for that matter, if they lose.

    There's a real disconnect between talking heads with their opinions and politicians in DC, (you know, the ones us losers pay?) vs. those of us losing our jobs, homes, insurance, and lives. How dare someone want to throw us a lifeline like the big corporations get, and the haves maybe kick in a few extra bucks in taxes. Do you know what that $2 Trillion in Bush tax cuts could buy? Shame on you talking about disconnects when you're so disconnected.

    June 18, 2010 at 5:29 pm |
  136. Pat

    No recovery anywhere in sight. My 3 most recent firleds of employment have been construction, real estate, and teaching. Construction work wnet away about the same time the market tanked, so there goes real estate, and if I didn't become a substitute teacher in the beginning of 2009 I wouldn't have been able to. School districts are laying off more than just teachers and there is a hiring freeze almost anywhere you look. Obama is makeing Jimmy Carter look real good, as a matter of fact if President Carter was interested in a 2nd term I think he'd have a shot of late.

    There are no jobs, people still losing homes, oil crushing the gulf regions without help in sight, we're still at war, Obama hasn't kept many (if any) of his promises, and his spending is OUT OF CONTROL.

    By the way, I've been out of the military for 8 years, maybe I should have stayed in, I'd be coming up for retirement in a few years, if I managed to survive all the wars.

    June 18, 2010 at 5:29 pm |
  137. mike paone from philadelphia

    jack the government had become so addicted to tapping the middle class to pay for everything that now they're like a kid locked out of the candy store. the middle class is unemployed, tapped out and on the verge of extinction. unless the government decides to start doing the unthinkable like tax the rich and get serious about shuttting down corporate offshore tax shelters we are headed for financial apocalypse.

    June 18, 2010 at 5:29 pm |
  138. MIke akridge

    Jack, I clearly remember your support of Obama during his campaign. You justly bashed Bush because he was an enept leader, but he was a leader. Obama's summer of relief is just plain silly. A man with no experience, integrity, vision, or ethics cannot give me or my county relief, only grief. Before you throw your support towards someone in the future, look at their background not their words.

    June 18, 2010 at 5:29 pm |
  139. John Wellington

    The extra 5millions unemployed Americans since President Obama is at the helm for sure feel more like a summer of discontent. He gave a lot of people a fish (from our taxes), but very few fishing tools. The famous stimulus package included $70billions for the increased food stamps amount per person, but only $650millions to the Small Business Administration to support creation of jobs. Now, we should probably blame more the Congress than the President, but he was starting this PR campaign. He would better go back to the Federal Reserve to see how they can plug the big bloodshed of our country debt.

    June 18, 2010 at 5:29 pm |
  140. Doug

    Yes, we are not boiling our shoes for food as I thought many of us would be by now. The stimulus package and extensions of unemployment benefits saved us from an second Great Depression and if you have forgotten how bad our economic outlook was prior to Obama, go back and read some of the newspaper headlines prior to Obama being sworn in as President. Our economy was falling off a cliff!

    If we had elected McCain, he would have let the American Automakers fail, cut taxes for corporations whom would have hoarded the extra money instead of keeping or creating jobs with it, and he would have probably vetoed any unemployment extensions. All of this would have lead to an economy with no money flowing through it and put us into a second Great Depression. He would have been a modern day Herbert Hoover.

    June 18, 2010 at 5:29 pm |
  141. Bill Sutherland

    I see nothing positive in the future of the US.It is a joke to call this a recovery summer.When Obama took office I bought a forclosure house to fix up and live in,since then I have been laid off from 2 jobs(yellow transportation and UPS) the local Yellow terminal has been shut down and the Teamsters hiring hall has been shut down cause of lack of work OPEN SINCE 1937.I own three properties 2 I rent out to pay for themselves and put 700 a month in my pocket.I never owned a credit card and do not owe anyone. All 3 of my properties are above water and I recieve no unemployment nor did I recieve an extension when I filed my last claim.Why are all the people that overspent and walked away from their debt being helped while a guy who has done everything the right way falls thru the cracks?I also support 2 children,my son just graduated high school this month.Recovery,yeah right

    June 18, 2010 at 5:29 pm |
  142. OBDAG from Appleton, WI

    Yes Jack, it does feel like a recovery summer to me. I've hust got back from two weeks of traveling and saw all kinds of positive indicators theat the economy is starting to improve. For example I literally saw hundreds of RV's on the roads showing that peop[le are taking vacations that they could not afford to take last year. I also saw a lot of TARP projects under way repairing highways, building new bridges, etc. I also had time to talk to many people that feel the way I do . Many indicated they also see many positive signs of the improving economy. It's easy to blame the current administration for many things, but they are getting things accomplished. I expect many improvements by the end of the summer.

    June 18, 2010 at 5:30 pm |
  143. Kevin

    If Obama wants to turn things around in the GULF, in our employment rate , and the publics preseption of him being conected to the everyday Joe, How about forceing BP to hire US citizens to do the clean up in and around the GULF. Let face it BP is going to file for bankruptcy and then ask the US to step in anyway. Why not try to gain something for our citizens like a pay check for good honest hard work.

    June 18, 2010 at 5:31 pm |
  144. Abel P. Ochoa, McAllen, TX

    Many of us have been lucky because we're working at soft jobs or retired and getting our pensions and some of us simply have enough money put away. Where do you belong?

    As I see it, we have a problem only because we have far too many of us, about 10%, unemployed and that's not satisfactory. We simply have to help our brothers and sisters who need help. Our country cannot be strong if too many of us are unemployed.

    What we need to do is to fix our priorities and bring most of our military troops home from all around the world. If some nation were to take advantage of that and attacked us, we'd still have our bombs and bombers, wouldn't we? And we could still go to war to defend ourselves by drafting all our men and women. If we had to do that, we'd do it. I just pray that President Obama brings all our military men, women and equipment home and begin programs that'll really repair our economy and have all of us who want to work, working.

    June 18, 2010 at 5:31 pm |
  145. Dave in colorado

    No recovery! – and there won't be one with inflation, higher taxes, and increased regulation looming. This administration appears bent on the destruction of the U.S. private sector.

    June 18, 2010 at 5:32 pm |
  146. ardee from florida

    Jack
    Not in the summer, fall, winter or spring. Real unemployment is 16 to 17%,forclosures are still @ record levels and backlogged in the pipeline because there are to many and not enough people to handle all the paperwork, the option-arms are starting to kick in now, commercial real estate is tanking big-time, state and cities are bust– so I guess you can ask-if a person falls off a cliff and bounces a little bit, is that a recovery???

    June 18, 2010 at 5:33 pm |
  147. joe the tinner

    no it does not an we will not recover until we stop the chinese trade agreement america got hosed with the japenese trade agreement an nafta an worse of all the chinese trade agreement . the worthless politicians who helped to write it should be tared and feathered. They totally betrayed the trust of the people now american workers have to compete with workers who will work 18 hour days for 165 a month how stupid to give all your jobs to a communist country. It has to stop NOW signed JOE THE TINNER

    June 18, 2010 at 5:33 pm |
  148. Jackie Crandall

    "recovery summer?" How about an "endless summer" or even better a "nightmare summer?" This whole mess has been handled just like the "keystone cops"! How can anyone in their right mind feel assured that they will be taken care of? sure it is BP's screw up, but COME ON, this government headed by Mr. Obama has made a TOTAL MESS of everything! From the people that are giving him advice~ to the people he has appointed ~ to the measures they are taking to deal with this tragedy! Someone like Mitt Romney would have been better in charge- or even Hillary Clinton for that matter! He has screwed up the BP mess ~ he has screwed up the Arizona immigration law ~ he has screwed up the economy ~ he has screwed up the jobs he promised ~ he has screwed up everything! Since he has become President I have lost my job ~ lost my retirement savings ~ lost my home ~ and have really lost all hope~

    June 18, 2010 at 5:33 pm |
  149. Terri Crawford in Arkansas

    Americans are greedy, like to pass the buck to the next generation,...cowards, who like the girl in Willy Wonka's Chocolate Factory–"you all want it now!!!". All of you gave Bush's administration 8 years to devastate our economy not to mention all the debt that you pile up all on your lil'bity selves...1 year 5 month's and all of you expect him to be like GOD and make all of the "bad things" go away. It's time for every American to grow up...gargle to remove that mother's milk,...throw away all of your pacifer's,...take off the training wheels,...get out there and get yourself a license for real life...Go back to school...reinvent yourselves then you'll recovery the American Economy"

    Proud to be an American, Terri in Arkansas

    June 18, 2010 at 5:33 pm |
  150. Darlene Livingston

    No, obviously according to the numbers. I don't believe it will change until the export of jobs are addressed. My professors are not American, My physicians aren't American. I rarely find anything made or produced in the United States so how can jobs be created when every thing is from abroad or the jobs that are here are filled by illegal immigrants. The white elephant in the room no one wants to acknowledge. Obama can spend stimulus money and patronize Latinos but eventually he will have to start penalizing Corporations that hire cheap foreign labor and export jobs or risk bankrupting the U.S..

    June 18, 2010 at 5:33 pm |
  151. rick Augat

    Your Obama Bashing is getting quite tiresome Jack. Have you considered an unbiased analysis of a subject or is this constant reporting of partual facts to fit your opinion the only thing you have. As much as you try to drag down this President, and you do try daily, he still has 50% approval rating as compared to Pres Reagan, who at this same point in his presidency was at 43% with similar unemployment rates. Question for you...if you are such an expert on job creation, what suggestions do you have for the President to create the number of jobs that will finally keep you satisfied? What ...this is not your job?

    June 18, 2010 at 5:33 pm |
  152. Robert

    What does feelings have to do with it? Your job is to inform the American people of the truth, so perhaps a few of them will not believe all the rubbish in the advertisements, and then maybe, we can get a few more good people elected. If you want to ask a question, ask whether the Obama administration has done a good job with the hand they were dealt to make things better. Of course, asking the American people that would be kind of stupid, since the question has a definitive answer. That question should actually be researched, and if you find mistakes they have made, by all means point them out, but also point out the mistakes the previous administration made, lest you just be a tool of the republican party like faux news.

    June 18, 2010 at 5:34 pm |
  153. Allen in Hartwell GA

    Jack, when no one else is trying to do anything to kick start the economy why are you and the media trying to belittle the efforts of President Obama? We didn't get this way in two or three years – this has been building up for several years. It won't get fixed in one presidential term, but it probably stands a better chance of getting fixed with our current government than if we had the GOP back in charge.
    Conservatives keep saying that the only way to get the economy back is through private enterprise. Well, what's stopping them? They have a once-in-a-lifetime opportunity to prove that they can do it. They should put up or shut up!

    June 18, 2010 at 5:34 pm |
  154. Becker

    No its pretty rough getting business right now. Our incompetent President sure has not helped.

    June 18, 2010 at 5:34 pm |
  155. Finas Barefield

    I feel that the people in the United States that held the purse strings before and after President Obama was elected can determine the economic course of the country this summer. They can continue to hold the money and not hire or they can start hiring and break this economic grid. It was the same when Jackie Robinson broke the color barrier in baseball. There were many who wanted to see him fail. The situation exists for President Obama. The Black Panthers have disbanded by the governmen, however the KKK still exists today. Racism is alive and well in America. There are a lot of good Americans in this country, that collectively can make the difference. That is what happened during the civil rights strugle. Martin Luther King had hundred of thousands of white americans that stepped up to the plate and said "time to end racial discrimination". President Obama needs to have the same ground swell of economically privileged americans to step up and end the economic slump in the United States of America. Just like during the civil rights erra it can and will happen.

    GOD BLESS THE UNITED STATES OF AMERICA

    June 18, 2010 at 5:35 pm |
  156. Michael La Box

    Yes Jack, it does feel like a recovery summer to me and my company here in northern Califronia. We have hired many more people, and have landed a construction contract that is directly funded by the American Recovery and Reinvestment Act. And will have steady work for the next 2 to 3 years as a result.

    June 18, 2010 at 5:36 pm |
  157. common sense in Texas

    Wouldn't it be something if Obama used Bush's 'Mission Accomplished' banner? People would laugh their heads off. And why there are voters who STILL blame the previous administration, not to mention those who keep saying the Republican party is the party of NO. Well I for one say what's wrong with saying NO to big spending, NO to big government, NO to having that health care reform crammed down our throats, NO to amnesty.... Do you get the picture?

    June 18, 2010 at 5:36 pm |
  158. Brian Wilkinson

    What amazes me is he just ignores the laws of the land including the constitution. He has no authority to set up a trust fund, no authority to fire GM's president and no authority to do half of what he's doing. He lies, he cheats and he steals. You can't believe him if he say's good morning. I wanted this man to succeed but he is a disgrace to this country. Notice when he talks "I, I, I, I." There is no "we" in his vocabulary. Why did he not call in other countries to solve the problem? Because he wanted to be the big hero and he's totally screwed up the whole thing. I could go on.

    June 18, 2010 at 5:37 pm |
  159. Greg, Ontario

    Jack why don't you stop your whinning and talk about some suggestions. Everyday you and Wolf are Tv pointing fingers and complaining but I have yet to hear any suggestions on what he might do differently. If he didn't anything and took a GOP way of doing things you would complain that he isn't doing anything. I say if your not part of the solution your part of the problem. Even Cramer on Mad Money can find a positive way to look at todays markets why can't you?

    June 18, 2010 at 5:39 pm |
  160. Angie

    Obama needs to get off his campaign mode and start acting as a real president. I am truly disappointed in him.

    June 18, 2010 at 5:40 pm |
  161. Robert Kalberer

    We tried increasing government spending before, it was called the Great Depression. Its irrational to expect different results this time. It has been almost a year and a half since the stimulus. This is as good as it gets before we have run away inflation.

    June 18, 2010 at 5:40 pm |
  162. ~BEVERLY-Mystic,Iowa~

    Things haven't changed for me one way or another. In 2008, I couldn't tell that the bottom had fallen out of America's economy, either, but the economists informed me about it, in great detail.

    I see construction all over; new roads being built, with signs saying that these things are all happening because of the Stimulus money. I hear that businesses are slowly, cautiously hiring people. Even though I don't notice any difference, the economists all agree that the Economy is back from the dead, improving more every day, so who am I to argue with them?

    June 18, 2010 at 5:40 pm |
  163. keith in ky

    More like the summer of discontent, I guess their are some out there in la la land that still belive this president knows what he is doing– I'm just not one

    June 18, 2010 at 5:41 pm |
  164. Lisa in NM

    A summer of recovery from "Obama enamoredness". I believe President Obama's handling of the housing and financial crisis, oil spill crisis, and immigration crisis shows he is just another politician making promises he could not keep.

    June 18, 2010 at 5:41 pm |
  165. Lawrence Estaville

    Instead of beating up on Obama, why don't you and the other "talking heads" jump on the big multinational corporations to bring the millions of jobs they have sent overseas back home. Bet you our economy would be roaring again very quickly.

    June 18, 2010 at 5:41 pm |
  166. Stan

    I run a construction plan library that pulls in projects for bid. I can say that we are busier than we have ever been. Much of the stimulus money is going towards projects that have just now begun, that money has not hit the streets yet. When it does you will see some major reinvestment in equipment and vehicles. We are also seeing an influx of private projects as well. It will take time but it feels like recovery is taking hold here.

    June 18, 2010 at 5:41 pm |
  167. Diane Dagenais Turbide

    Jack,

    the biggest mistake would be for government to stop its stimulus as the recovery remains fragile and it surely was not the right time for Congress not to extent the unemployment benefits to people. If we stop stimulus we risk the recession to continue as other nations will do the same and if we all end up with more people losing their homes and their job then it means people will not spend nor have the confidence. We cannot repeat the mistake of the past!!!!

    June 18, 2010 at 5:41 pm |
  168. Chris

    No, all of these appearances are just smoke and mirrors. They have to say it's working enough and most people will eventually believe it.

    June 18, 2010 at 5:42 pm |
  169. Alex - Hillsborough, NJ

    It absopositively does not feel like a recovery summer. Especially if you're in entry level, just getting out of college or living from unemployment check to unemployment check. It's a shame really. Using all the positive thinking and resources I can muster up, have left me (along with 100's of thousands more like me) feeling ragged and shredded up like yesterday's paper. I am convinced I have to stop thinking in terms of locally searching for work and an affordable place to live and do other things like eat to instead think internationally or even globally to find that next job, migrate there (whatever "there" may be) and leave New Jersey, New York and the entire Tri State area for that matter to the ones who feel otherwise and can afford it.

    June 18, 2010 at 5:43 pm |
  170. Jeff B

    No, it does not feel like a summer of recovery. Here's proof that the Obama administration and our government in general doesn't have a clue about the economy. Obamas spending spree has not stimulated anything except the pockets of the corrupt socialists in Washington. In Sacramento, CA where I live the economy is getting worse. It won't be long before civil unrest takes hold here. It seems the myth of higher education doesn't apply in CA anymore either, as the better educated are not being hired by employers, so these employers can pay less to the less educated. In CA, we have to many people on welfare, to many people on SSDisability, and to many illegal aliens dragging down the golden state.

    June 18, 2010 at 5:44 pm |
  171. Don

    No Jack. Unemployment is still out of sight. Think about all the good people that have been unemployed, frustrated and are now running out of benefits, and options. It's sad.

    June 18, 2010 at 5:44 pm |
  172. Sean- Pickerington, OH

    I don't think so. The unemployment figure is not accurate because it does not take into account the people 1. who gave up on finding work, 2. are under employed and 3. the people who have jobs but have suffered cuts in pay and benefits.

    Sure, companies are hiring. But they realize they don't have to pay competitive wages because there's such a huge market of people desperate for jobs and they'll do anything for them.

    So it's not working. As long as people who are employed are asked to take pay cuts while the cost of living continues to sky rocket, the system is far from fixed. If you want a real indication of how people in this country are doing, look at their bank accounts, not their job situation.

    June 18, 2010 at 5:44 pm |
  173. Ram MN

    This is just a "Summer". How about recovery "Winter" 2011?

    June 18, 2010 at 5:44 pm |
  174. Rick Up North

    Joblessness is not improving, the "stimulus" is only adding government (Oh great), and Europe and the Euro are weak so our exports will not do what Obama predicted. In additon, the deficits and debt are adding to fear and frustration, emotions which hurt the economy. Yes, there are bright spots, but overall we have not moved like we should have and could have- I feel hustled when they use the term "recovery summer". This President does not have the experience to know BUSINESS. Business and its jobs are what the economy is about- NOT big government.

    June 18, 2010 at 5:44 pm |
  175. Diane Dagenais Turbide

    Dear Jack,

    just want to wish you and all a great father's day.
    Wishing all of you great times, great weather, great friendships and yes great family gatherings!

    June 18, 2010 at 5:46 pm |
  176. Bill Sutherland

    Im from the bay area in california,the only people that are doing good in my area (west contra costa county)is all the illegals here benefiting from all the handouts that these santuary cities give them.my city san pablo just voted to call themselves a santuary city the public school down the street from me is full of illegals recieving an education off of my tax money while their parents pay nothing and drive down the wages for blue collar workers who are paying taxes.free health care for them that I pay for while I dont have healthcare this is my second post.My way of life has been downgraded so illegals can prosper.This country is turning out to be a big joke!Im a reg. independant who has always voted democratic,but it looks like that party doesnt represent me anymore because Im not latino,black,asian or an illegal!Recovery summer not for me or any americans i know.

    June 18, 2010 at 5:46 pm |
  177. Chip Pierce

    It would be really nice if the job market picked up and if stock prices showed slow, steady growth. The more people are working, the more we reduce our national debt – IF spending is held in check.
    We could save a lot of money if we closed some old military bases overseas.

    June 18, 2010 at 5:46 pm |
  178. Frank V in Las Vegas

    No! Now that big companies (casino resorts) have figured out a way to trim their employee cost considerably, it will take a lot to re-employ all those people. They claim that customer service is important, but behind the scenes they keep cutting away at departments that do not generate revenue. The customer is king, but the shareholder is god.

    June 18, 2010 at 5:47 pm |
  179. Burbank

    It feels like a discrimination summer to me. Obama refuses to do anything about the people here illegally which is blatant discrimintation against the people that go through the system the right way with the H1 to Greencard process. About 5.28 million people are on unemployment right now vs. 12 million Latinos here illegally that we are also healtcaring, food stamping and educating for free on the taxpayer dime.

    Do the math! We don't need stimulus money or more taxes, we need these blood sucking parasites to go back where they came from so American citizens can have their stolen jobs back at a living wage like it used to be before the goverment looked the other way with the Latino invasion. That business about only taking jobs no one wants is pure spin propaganda so both businesses and the illegals can continue taking advantage of the taxpayer!

    June 18, 2010 at 5:47 pm |
  180. rosie

    yes, i do feel like we are finally in some sort of recovery.

    give our president a chance to fix this broken country, and stop complaining!

    jack, your getting as bad as the daily" republican spin!"

    June 18, 2010 at 5:47 pm |
  181. Barbara Leavitt

    Las Vegas has the highest un~enployment of all the states. I think it's safe to say WE here in Nevada will KNOW when the economy starts to recover. So far...........gosh, no, it doesn't.

    June 18, 2010 at 5:47 pm |
  182. Get Real

    if by recovery you mean we're back to buying 3 of everything we don't need, qualifying for a no money down mortgages if we can simply stand on one leg for 30 seconds, getting inundated with frivolous credit card limit increases and wondering why anyone who is not a tree huger cares about miles-per-gallon when buying a new car.. nope, it's just summer in the real world.

    June 18, 2010 at 5:47 pm |
  183. David OR

    Well some Congressman just filibustered the jobless benefits and stimulus bill. Some states are going to have to make drastic cuts and we will see how that plays out. Some jobs will have to go. It's like a Chinese finger puzzle, jobs go, consumer spending slows, recovery slows.

    June 18, 2010 at 5:47 pm |
  184. Michael M, Phoenix AZ

    No, same ole thing. No teaching jobs or school counselor jobs due to budget cuts.

    June 18, 2010 at 5:48 pm |
  185. Donaldo in ATL

    Jack:

    Recent events from the financial meltdown to the BP spill indicate to me that Like the Titanic , relying on Big Brother is a bad choice. Self employed by choice, I feel resilency will prevail and most of us are going to have to change from our comfort leve. This is a wake up to us all, do what you have to do, do not count on government or big business. Our summer will be better than most, because I have chosen to rely on my years of experience and some terrific suppliers.
    My advice to those of you, take care of yourself, there is no super hero coming to save you, it will be up to you.

    June 18, 2010 at 5:48 pm |
  186. Bonnie Waletzko

    It could be for Ford-that is the car which is getting all the credit now. CNN and other media did a good job on Toyota, they are down to place '25th' or so. 'They have put Ford at 5th place. Do you think we will all have that 'recovered feeling' once we buy our Ford?

    June 18, 2010 at 5:49 pm |
  187. Ben in LA

    The economy needs more stimulus spending. The deficit problem (which is a problem) is a function of massive tax cuts during slight growth (see Bush 2)...not stimulus spending to stave off a depression.

    June 18, 2010 at 5:51 pm |
  188. jon

    No recovery, im in Medical distribution Drs are running scared selling their practices to Hospitals and large grouos waving the white surrender flag as they know what Obama care will do to them, I predict a huge downturn, but some will always prosper in these times,keep up your straight forward honest smart analysis!!

    June 18, 2010 at 5:52 pm |
  189. o Christensen

    Yes! We are on our way back, but it is going to take much more than a summer. I wish the negative comments of the news media would cool it. It seems as though regardless of who happens to be president they seem to revel in tearing down the President.

    June 18, 2010 at 5:52 pm |
  190. Joe Scott

    I think the recovery is well underway, however, the nagative outlook that the news media provides on a daily basis, prevents businesses from participating as much as they should. Also, there are other forces out there working against the president in an attempt to make his administration fail.
    Joe Scott
    Oxon Hill, MD.

    June 18, 2010 at 5:52 pm |
  191. john H.

    Jack,

    China owns us, we are fighting 2 stupid wars, wall street took advantage of us, Oil spill caused catastrophe in the Gulf and thousand of jobs are lost. The down spiral started 10 years ago and I won't see a recovery probably for the rest of my lifetime! Maybe my kids will?

    June 18, 2010 at 5:52 pm |
  192. José

    It is clear: to the people who always hated Obama, no recovery. To the rest: there is still hope, and signs that things are turning around. To the Flea Party- they are talking about using 2nd Ammendment Remedies. So for American Tearrorists, it's looking like a great summer!

    June 18, 2010 at 5:53 pm |
  193. Chelle

    Jack, Americans may be the most pig-headed nation on earth!!! I don't care which party you "belong" to – facts are facts. President Bush gave out the first "save-the-day" package of nearly a trillion dollars – move on righties – your boy did it. President Obama did his thing in rescuing the auto companies – agree with it or not, on the basis of so called socialsim – fact is they are in recovery. Unemployment is down in 37 states – like it or not – something happened.

    Next set of facts – of all the nations in the G8 – G20, little Canada was the least effected and most regulated....go figure.

    June 18, 2010 at 5:54 pm |
  194. Jeekers

    Jobs are not coming back anytime soon. Minimum wage was raised so the young were priced out of the labor market along with many other marginal jobs. Gov't spending is driving us into a hole so deep our great grand children will be paying off the interest if it ever gets done. Democrats and Republicans are equally responsible for irresponsible spending and policies that led to the mortgage crises and the failures of our financial institutions. The role of gov't is not to take care of people and redistribute wealth. The role of gov"t is to provide an environment and the freedom where people can succeed or fail.

    June 18, 2010 at 5:55 pm |
  195. Max

    I wouldn't go so far to call it a "recovery." That would mean I'd feel things have started getting better and would continue to improve. I'd maybe call it a "breather." For me, business is better. My savings is starting to get back to where it was before I had to drain it last year. But it feels temporary to me. We haven't fixed the underlying problems in our economy – huge debt both at a federal and personal level, risky financial and business practices, the eroding of the production of meaningful products in the US. I feel it's all going to come crashing down again within the next 6-18 months.

    June 18, 2010 at 5:55 pm |
  196. Employed for now in NY

    All we ever hear is complaints from pundits – but I see very few solutions. Are you suggesting we should just let goverments colaps, cut unemployment benefits and shrink the economy forever?

    Didn't think so.

    June 18, 2010 at 5:57 pm |
  197. james

    maybe he should have done nothing about the recession and depression everybody knew was a step away.just watch it play out, you know,like the oil spill.maybe then we will know what depression feels like just like we know what oil spill spills like.

    June 18, 2010 at 5:57 pm |
  198. Doug

    Look around Jack. The recovery that the administration is talking about is an artifact of overcooked books

    June 18, 2010 at 5:58 pm |
  199. William

    It does indeed. We have just upgraded our heating and air conditioning with a high efficiency system, taking advantage of the tax credits. It was a lot of money, but I feel that we are supporting our American workers by buying their products for our home. Those who are negative on your question forget that a big part of this recession is the pull back of spending by Americans. By spending on needed items, we can help turn things around and get American companies hiring again. Buy American, and let's start spending again in this recovery summer!

    June 18, 2010 at 5:58 pm |
  200. Ted

    My companys business is doing Great! We have had record sales the last two months. We sell products across all markets including electronics, automotive, medical and aerospace. The Economy is recovering a very fast pace and I do not understand the Doom and Gloom that the media is betraying.

    June 18, 2010 at 5:59 pm |
  201. DJMC

    Recovery..That's funny. I didn't notice. Is it the new jobs cleaning up the gulf. Or maybe it's the summer jobs at the movies or Disney Land for the teens. What will happen to the jobs this winter.

    I think they have the jobs and we just pay them to sit and talk about what are we going to do next?

    Oh I know, let's flip a coin.

    June 18, 2010 at 5:59 pm |
  202. AARON HARRIS

    Jack,
    As a retiree, I fell no different. Thanks to Medicare, Social Security and a solvent former employer. My grand children, two of whom have pre-existing medical conditions are in a far greater position today than before. The mentality I hear from relatives and friends seem positive. Let's not poison the mental waters . The bleeding has stopped, thanks to the stimulus, without which we would still be losing 600K jobs a month.
    The patient is still recovering.

    Jack, I never thought you would succumb to loose objectivity, suggestive rhetoric and incomplete punditry.

    June 18, 2010 at 6:00 pm |
  203. Deni

    I am still amazed at how much Americans believe that our new president should be able to fix in two years what it took our previous president 8 yrs to destroy!

    June 18, 2010 at 6:00 pm |
  204. CHARLES

    DEFINETELY YES!! I have a job from the stimulus program and so do my 2 sons. They have moved BACK out on thier own, support thier own families and life is much better. At least Obama cares about the people and really does try to do something. Its easy to nay-say when you have a job and have not had to decide between lights or food for the week.

    June 18, 2010 at 6:00 pm |