Bloomberg: Slowdowns in consumer spending and employment will prove temporary, giving way to a U.S. growth rebound in the second half of 2011, economists surveyed by Bloomberg News said.
After growing at a 2.3 percent annual pace this quarter, the world’s largest economy will expand at a 3.2 percent rate from July through December, according to the median forecast of 67 economists polled from June 1 to June 8.
Rising exports, stable fuel prices, record levels of cash in company coffers and easier lending rules will be enough to overcome the damage done by one-time events like poor weather and the disaster in Japan….
“The economic headwinds are well known, but if you look at the tailwinds, they are still pretty strong,” said Nariman Behravesh, chief economist at IHS Inc. “There are a lot of reasons to be fairly upbeat about the recovery. Growth will pick up in the second half.”
….Increasing overseas demand is another reason for optimism ….. Exports climbed to a record in April, Commerce Department figures showed yesterday….
More here
The Obama Diary 
O watched the bloomberg channel all day, the did not even mention there own survey!
Instead, CEO after CEO saying they do not like Dodd frank and that is why banks are not lending and…
Maybe we just need to nationalize the banks and get rid of those people who are dragging down the economy. They never get to the end of their excuses for their unpatriotic behavior. They only want to suck the life out of this country, and heaven help anyone who gets in the way. Well, luckily, President Obama is in the way, and heaven seems to be on his side.
The good thing about this projection for the positive upturn in the latter half of the year is that the right wing and the media will spend the summer dogging the economy and spreading their “doom and gloom” message, and then the economy will start to improve… just as the election season starts to heat up. Brilliant!
It was definitely japan an Greece that slowed us down. But, those are being corrected…
Secretary chu ends his very productive trip to Russia:
http://blog.energy.gov/blog/2011/06/10/focus-international-cooperation-continues-secretary-chu-ends-trip-visit-russian-‘los
Good job!
Jovie – if not for your updates, we wouldn’t hear anything about the good works of Sec. Chu in Russia. I have not heard one update at all about this on TV or the radio. Thanks for looking out!
I think the the : “CHILL THE FUDGE BUCKET OUT……I GOT THIS” poster would go well with this post. Word to the American public: Always bet on PBO, he’s the only way to win 😛
DOE making more stuff for green energy usage
http://blog.energy.gov/blog/2011/06/10/innovative-high-energy-density-capacitor-design-offers-potential-clean-energy-applic
Can the DOE sell all this new stuff they make to private companies???
Brought to OFA by DesertDoveDan. Enjoy!
American Prayer – Dave Stewart (Barack Obama Music Video)
It’s me Doris. Don’t know why I came up Anonymous. Maybe because of the video. 🙂
It’s me Doris. My login was dropped. Hope I’m okay now.
Doris,
We read you 5 by 5!
What is 5 by 5? LOL.
Ha! I was wondering the same – I’ve never heard that one!
It means loud and clear- military jargon!
5 means great reception, 4 means very good reception, 3 means good reception etc…
Oh thank you Jovie!!! 🙂
Gaaaaahhhhh!!! Doris, you are awesome!!! Thank you for bringing us this video I feel fricking psyched!!! I love it! FIRED UP, READY TO GO!!!! 😀 😆
Thanks Doris for that uplifting video!
THANK YOU PAM…THAT IS SOOOOOOOOOOOOOOOOOOOOOOOOOOOO AWESOME….ROCKIN’ HERE….FIRED UP AND READY TO GO!!!!!!OBAMA 2012!!!!!!
It’s me Doris. I had to log in, 🙂
OOPS SORRY….THANK YOU DORIS…THAT LIFTED MY ENTIRE DAY AND I’LL GO BACK AND PLAY IT AGAIN!…:))))))…SMILIN’ HERE!
🙂 Glad you enjoyed it. I have played it over and over. The login thing got Pam yesterday. Must be a gremlin. I never login.
Doris, it seemed like I’ve dropped in at just the right time tonight 😆 – THANKS for bringing this home for sharing! Viewing it was quite moving, almost reverential. We are on the ‘right’ side for 2012 TODers!
[I wonder why my login space is always blank these days, and why I have to try and remember to include my name as it doesn’t show automatically on my laptap anymore?]
You’re quite welcome.
EACH AND EVERY ONE OF THIS ON THIS SITE KNOWS WHAT WONDERFUL THINGS THIS RESIDENT IS DOING….THAT’S WHY WE FOUGHT SO HARD TO GET HIM INTO THE OVAL OFFICE….ALL THIS INFORMATION NEEDS TO BE ‘OUT’ ALL OVER THIS COUNTRY…OTHERWISE IT DOES ‘NOT’ DO US OR THE PRESIDENT ANY GOOD! THAT’S THE PROBLEM…THE FLOW OF INFORMATION MUST DEFEAT REPUBLICAN OWNED MEDIA!
Yup, yup!
I think the GOP knows this, and the plan is to use the deficit cuts from the debt ceiling negotiations to say “See, our demand for cuts in spending saved the economy” and “We really didn’t want to cut Medicare, it was just to get the Dems attention to negotiate seriously”.
I have everything cross that they will be right. I pray that they will be right.
GOP will do EVERYTHING they can to bring down the economy.
halo, I know they will, they have done everything to stop President Obama from day one. It was all about see that the President fail. They didn’t give a hoot about who might suffer.
http://tpmdc.talkingpointsmemo.com/2011/06/multiple-sources-throw-controversial-mckinsey-health-care-study-under-the-bus.php
More lies about the Heath care law snuffed out! Next!
Just about to post about that Jovie, thank you so much.
Chip,
What is with all these lies about hcr and the wall street reform?
This may be why wall street is so pissed and not hiring?
They are ruthless!!!
I think they are trying to starve the beast (the American people) so we will eventually give in to their singular demand of NO Regulation. Period. Nada. Ziltch. Like a dog intent on digging for it’s favorite bone. Nothing else exists for them.
WALL ST. IS TICKED OFF BECAUSE THEY HAVE REGULATIONS. THE GREED MONGERS…OUR ILLUSTRIOUS FINANCIAL INSTITUTIONS…AKA…THE BULL PENS THAT THE KOCH BROS. HAVE A SADDLE ON DO NOT WANT ACCOUNTABILITY…TRANSPARENCY OR RESPONIBILITY….OUR PRESIDENT’S MANTRA! THEY CERTAINLY DO NOT WANT THE UGLY ‘R’ WORD….REGULATIONS!
ANOTHER IMPORTANT PIECE OF REVEALING NEWS IS DEFENSE SEC. GATES BLASTING NATO…FOR THEIR FAILURE AND OR SLUGGISH ACTIONS REGARDING LIBYA,ETC. PERSONALLY…WHEN THE ELEVATOR STARTS GETTING SLOW I QUESTION THE LOYALTIES OF THOSE INVOLVED. GATES WAS SPOT ON! IF YOU CAN’T SHARE THE LOAD…THERE IS A QUESTION ABOUT YOUR AGENDA!
looks like we just said pretty much the same thing. That’s because great minds think alike and fools seldom differ. 😀
BLESSINGS LUNARSEA….OUR SUPER INTELLIGENT,VISIONARY AND COMPASSIONATE PRESIDENT IS SHAKIN’ SOME TREES! ROTTEN APPLE FLYIN’ EVERYWHERE AND THE GOP IS GETTING SO DESPERATE. MAYBE THEY’LL CHEW THEIR OWN ARMS OFF!
PLAIN AND SIMPLE…OUR AWESOME PREZ. IS TURNING OVER ALOT OF ROCKS! THOSE GUILTY CAN’T STAND A GREAT PRESIDENT! ROCK-ON BARACK I SAY!
I HEARD A RUMOR TODAY THAT WOULD ABSOLUTELY ROCK THE PIGGYBANK….THAT BEING THAT HILLARY WANTS TO HEAD THE WORLD BANK….OH MY OH MY….IF THAT WERE TRUE…THE BEDBUGS WOULD BE CLIMBIN’ OUT OF THE SHEETS….IN A HURRY…SCURRY!
FRANKLY…THAT’S WHAT WE NEED…SOME NIP N’ TUCK IN THE BIG TOWER. THAT’S A LONELY PLACE…TAIN’T NO FRIENDS IN THERE!
SOMEBODY NEEDS TO START BUSTING UP THE ‘POOL TABLE’ IF YOU GET MY DRIFT!
Oooops! Weiner admits contact with minor:
http://mobile.politico.com/iphone/story/0611/56740.html
What will the pl say now???
He better hope all the tweets were innocent. If she pulls up anything intimate………….
THE ZZZZZZZZZ’S ARE STARTING TO CALL MY NAME…AM GOING BACK AND WATCH AMERICAN PRAYER ONE MORE TIME…HIT THE PILLOWS AND WATCH SOME NEWS TILL THE EYELIDS CAVE IN…GOD BLESS YOU ALL…CATCH YOU TOMORROW…ME AND MY 16 DOZ. EGGS! YOWZA!…:)))))
The only economist to trust is Krugman. Why? because shut up that’s why
I’m not that big a fan of Krugman, not at all.