Economy Slowing in Some Areas According to Fed Report

The economy slowed in some parts of the U.S. as the recovery lost strength in recent weeks, according to the Federal Reserve's latest summary of economic conditions.

July 29, 2010 at 3:45 am - Reuters
Dateline: Washington DC
MustafaJones   July 29th, 2010 - 3:55 am

Obama's response to this news…

Time to go on Leno !

Lets have another White House Party

claspur   July 29th, 2010 - 11:01 am

The FED is no more federal than Federal Express. END the FED !!!

(wonder if president Soetoro will talk about the economy on The View today? ****crickets chirping**** )

Pedrosito48   July 29th, 2010 - 11:11 am

Good hard working Americans are losing everything and Michelle is off to Spain and Barry has a birthday party with a billionaire. Louis the XVII and Marie Antoinette. Remember what happened to them?

Suvrec   July 29th, 2010 - 11:26 am

I was VERY VERY VERY VERY suspicious at the recent "new homes" figures, after all how can we know a figure was not just pulled from the air??

BHO_UMM_UMM_UMM   July 29th, 2010 - 11:27 am

The Brilliance of the Obama administration is working as expected.

Suvrec   July 29th, 2010 - 11:30 am

there will be a "Slip and Trip" hazard in that studio today with all the female exude dripping from these sycophants, indeed the multiple orga$m$ will make the show even more ridiculous.

wonder_all2   July 29th, 2010 - 4:31 am

OMG!!! I thought we were in "recovery." How could this happen? I mean there have to be at least 1 million new jobs created by the Road Rage Act of 2008 what with ALL the road construction going on. /s

You know what is really funny about this phony road constrcution charade to pump up employment numbers? All the businesses that are LOSING money because no one can get into their stores!

I was looking at our construction area the other day and thought: only an amateur would not consider the effect of road construction on the local small businesses. Our small businesses are down more than 20% due to construction alone. This is an apt metaphor for the complete clusterfrack that the Stimulus is…build roads but shut down mom and pop.

UrinalMint   July 29th, 2010 - 11:36 am

Off to Spain I go
Leaving Birthday Boy to glow
30 rooms for me and my friends
Fine Corinthian leather on which to place our rear-ends
While the average American has trouble with their cash flow

mariodebarrio   July 29th, 2010 - 11:51 am

Don’t worry Obama is spending on all the luxuries (4 vacations in July, golfing, and many celebrity parties) to compensate for our lack of doing so.

Hailodumbo   July 29th, 2010 - 11:52 am

Economy slowing? It's dead. Stay focused on Tea Party message. End socialism in US. Less taxes, less Gov't spending, smaller gov't more fiscal responsibility. Obama's Deficit 1.7 trillion not counting Odumbo care. US debt at 14 trillion. Fannie Mae and Freddie mac broke. Social security out of money, Medicare and Medicad bankrupt, Unemployment near 10% for those still looking…. Post office broke and these Tax and spend liberals keep promoting socialism …… Illegals running out of control, Housing continues sinking, Two wars going on, Terrorist nations getting stronger as we insult our long time Allies. Stay focused on Nov 2 . American people start the process of taking back America and throw these socialist out.

NecromancerYHVH   July 29th, 2010 - 11:56 am

There has been no recovery and if you look at the figures (unemployment for one) they have been cooked to make it appear to be better than it really is. Hell the new homes figures is broken up and the home sales figure probably include sales from one bank to another.

But lets take another vacation at a five star hotel, after our last vacation last week, and the golf trip, and the Maine vacation, and the shopping trip to Paris, the "global warming summit" for the whole family, the campaigning in Ohio.

Wonder how our gulf coast friends are doing with this great stimulus recovery….Heard that bookings and tourism in some areas in off 60% of last year.

All HAIL THE GREAT CHAIRMAN MaObama…….For he makes the sun shine, the rich poor, the poor destute and generally says "let them eat pizza" ……….But sir can't I have a pitence of your Kobe beef….Please sir I am so hunger might I throw another grand party for all my Hollywood friends……Please sir I have no job, might I be considered even if I am white.

iconoclastKM   July 29th, 2010 - 12:03 pm

Remember in November!

jake98   July 29th, 2010 - 12:04 pm

And the economy will continue to slow down once the Bush Tax Cuts are allowed to expire. People will have less money, and will be even less willing to spend it to boost the economy. Raising taxes in a recession is never the answer, all it does is prolong it, been proven time and time again.

Chuck47   July 29th, 2010 - 12:08 pm

Recovery Summer, remember, you heard it from Biden and Obama.

News out this AM indicates that the economy will now not recover until maybe in 2011. The only one not hurting is Barry who is truly out of touch.

Chuck47   July 29th, 2010 - 12:11 pm

Great analogy. Marie Antoinette was reported to have said when their was no bread for the starving population, "Let them eat cake." Americans are hurting, no money for vacations and Michelle is off on a fun trip to Spain that will cost MILLIONS. These people either have no clue whatsoever or are the epitome of arrogance. I think it may be a combination.

vaaljonny   July 29th, 2010 - 12:12 pm

how do you get slower than going backwards?

iconoclastKM   July 29th, 2010 - 12:27 pm

Empty suit!

smellyfinger   July 29th, 2010 - 12:30 pm

Obama
can't save something he knows nothing about.

dennisl59   July 29th, 2010 - 12:41 pm

Surprise. Surprise. Surprise.

freedom rocks   July 29th, 2010 - 1:13 pm

What a surprise, a lawyer president, with no education or experience in the private sector, who has a cabinet full of political ideologues with no experience in the private sector, that divides the country by class and race on a daily basis, is presiding over a weak economy. Imagine that.

puck30   July 29th, 2010 - 1:16 pm

What is it? About 3 & a Half billion this crew has spent to get the economy going and what has happened? Nothing! Meanwhile she-wolf goes on vacation,( Wonder if the dog went too?) and Uber-boy goes on with the Girls from 'The View'.

I CAN SEE NOVEMBER FROM MY HOUSE!

freedom rocks   July 29th, 2010 - 1:17 pm

Toga, Toga, Toga

gwar5   July 29th, 2010 - 1:29 pm

The entire economy starting tanking in 2006 when Democrats took the congress. They're like locusts, and hurt business. Everybody is leaving the country and taking their investment money with them. Who can blame them?

Halliburton moved their HQ to tax-free Dubai 2 months after Pelosi was sworn in as Speaker. That was just the beginning, it hasn't stopped and the assault on business continues.

Same thing happened in Cuba, Venezuela, Nicaragua — marxist/socialists move in and the money, brains and business move out.

mandinkawarrior   July 29th, 2010 - 1:29 pm

The best thing that could happen to Obama is for the Republicans to take one or both houses of congress in Nov.
Let's see what they would do about creating jobs and tackling the deficits.

in 1994 Americans soured on Bill Clinton.The Republicans took both houses of congress and could not lead.
Thus the re-election of Bill Clinton in 1996.

Republicans have done a good job of being obstructionist and setting up the fifty state Southern strategy.
The Republican Mantra is reduced the size of government.However when asked what government programs would they cut?
They can't or wont answer the question and change the subject.
So like a lot of you I am pulling for a Republican win in Nov..I want them to show us what they've got and the answer can't be NO to everything.

unkeeaf   July 29th, 2010 - 1:43 pm

Gee, what a shocker. No one knows when the next tax is going to hit, the coming regulation is mind boggling and we've got communist idiots calling all of the shots. It's really not that complicated is it?

————————————-

Best Tea Party sign ever? http://bit.ly/cHe1Cv

PaBowHunter   July 29th, 2010 - 1:45 pm

Big surprise.

leroitroisieme   July 29th, 2010 - 1:58 pm

What do you expect from far-left anti-free market policies and anti-American. Our country was built by hard work and determination. Now, Obama and the far-left are interested in creating a nanny state. We will become like Europe–hopelessly dependent on the government with no real opportunities to improve our financial well-being without being tax to death. Or WORSE, we could end up being a banana republic.

owlworks   July 29th, 2010 - 2:00 pm

Since when do socialists really care about the health of capitalism?

Subsalior   July 29th, 2010 - 2:15 pm

The "Narcissistic-Marxist-Messiah" is definately working his "magic" to ensure that our Country becomes "third-world" a.s.a.p……

"Pay-Back" time for the "have's"(that's mostly whitey) is well under way….

Standby for "Thunder at Sea"….

1stammendment   July 29th, 2010 - 2:19 pm

This is what happens when you have a bunch of lawyers trying to run an economy. We need business leaders who understand economics. We don't need people who have never had a real job before trying to run things.

Jamesb   July 29th, 2010 - 2:24 pm

Bush's fault? Ya, reich Ocommie. Empirical evidence that socialism really, really DOESN'T work? YUP. Stupid bastards? yup…

WVSickFreak   July 29th, 2010 - 2:25 pm

Didn't you paste this same quote a few days ago? Try and come up with something new.

H2K   July 29th, 2010 - 2:26 pm

I'm the first one at the polling place in November. I'm camping out like people do when tickets go on sale for the Dave Mathews Band.

_Son_of_Liberty   July 29th, 2010 - 7:27 am

It takes a report by a bunch of out-of-touch elitist morons from the ruling class to figure out what REAL AMERICANS already know – typical political b/s.

tome33   July 29th, 2010 - 2:33 pm

Oh ….Obama is suffering too…… He said he is not that far removed from the common man… How many vacations does the common man take .. Does the common women rent 30 ***** hotel rooms for her vacation? Does the common man have his 747 warmed up at all times to fly him to mostly unnecessary places. Also what happened to the summer of recovery? This Marxist weasel is a JOKE.

mandinkawarrior   July 29th, 2010 - 2:36 pm

WVSickFreak
Nope it wasn't me.You got me mixed up with some other liberal.
SickFreak,nice name fits you well.

martifr   July 29th, 2010 - 2:44 pm

"Rome" is burning, and the soetero fraud contunes to party and push his socialsit agenda, while we watch our jobs evaporate. What are we prepared to do?

spaceracer423   July 29th, 2010 - 7:46 am

"Two months inst enough to say its a trend."

no but 18 months is!
SO WHERE ARE THE JOBS!!!!
Obama said that if we didnt pass his spending bill unemployment could go as high as 9%.
Well he rammed that bill through and its over 9%, with the actual number as high as 12.5%!
Amongst black youths its over 30%!!

"Their report projected that the stimulus plan proposed by Obama would create 3 million to 4 million jobs by the end of 2010. The report also included a chart predicting unemployment rates with and without the stimulus. Without the stimulus (the baseline), unemployment was projected to hit about 8.5 percent in 2009 and then continue rising to a peak of about 9 percent in 2010. With the stimulus, they predicted the unemployment rate would peak at just under 8 percent in 2009." http://www.politifact.com/truth-o-meter/statement...

Recovery slowing?? IT NEVER HAPPENED!
A "jobless recovery" is NO RECOVERY!!

ChicagoLou   July 29th, 2010 - 2:52 pm

But "Slow Joe Biden" said this is the summer of recovery! Are economic indicators saying he's lying?

hempstead1944   July 29th, 2010 - 3:22 pm

Check around scooter….it is more than "some" areas…..

bobmc2   July 29th, 2010 - 3:31 pm

Slowing down???? The economy never had any forward momentum for the past 2 years!! Tarp did nothing. I will keep collecting that unemployment and work off the books to make as much as I can.
Almost like the illegal alien that collects welfare, foodstamps, section 8 housing and free medical. Hey wait a minute…. the illegal is doing better than I am!!!

DontTreadOnMe   July 29th, 2010 - 3:32 pm

"The economy slowed in some parts of the U.S. as the recovery lost strength in recent weeks, according to the Federal Reserve's latest summary of economic conditions."
HOW TO READ THIS:
"…some parts of the U.S." include the Northeast, the Southwest, the Southeast, and the Northwest, plus the Midwest and the Central Plains States, as well as Hawaii and Alaska.

"The economy slowed in some parts.." means that in those parts where the economy has NOT slowed, it has actually stagnated.

Mmm, mmm, mm!

marselluswallac   July 29th, 2010 - 3:54 pm

#ObamaSaid go figure

FlagThis0vomit   July 29th, 2010 - 3:59 pm

IMPEACH THE MUSLIM
http://www.impeachobamacampaign.com/

FlagThis0vomit   July 29th, 2010 - 4:05 pm

IMPEACH THE MUSLIM
http://www.impeachobamacampaign.com/

MrRight   July 29th, 2010 - 4:28 pm

A slowing economy is what this administration wants. To think otherwise is to fool ones self.

gwar5   July 29th, 2010 - 5:13 pm

Economy is crashing because productive people of society are going on strike and taking their money and their businesses with them out of the economy and going John Galt.

That leaves Obama and the socialist money printers to try and get around it by debasing the currency with debt and deficit spending, but it's not working. Watch your IRAs and 401Ks, they'll be confiscated in the next "crises" because minorities don't much have them.
.

BHO_UMM_UMM_UMM   July 29th, 2010 - 5:38 pm

Once the new Congress gets the impeachment out of the way, the rest is easy. Biden is a goon follower who will do whatever Congress of any brand wants.

NOQTR4TR8RS   July 29th, 2010 - 5:46 pm

As we enter the second depression, some quotes:

"It is largely thanks to the Recovery Act that a second Depression is no longer a possibility."
~ President Obama 17 FEB 2010

"My best guess is we'll have a continued recovery [but] it won't feel terrific." http://www.telegraph.co.uk/finance/financetopics/...
~ Ben Bernanke, Chairman of the Federal Reserve

“We have tried spending money. We are spending more money than we have ever spent before and it does not work. And I have just one interest, and if I am wrong . . . somebody else can have my job. I want to see this country prosperous. I want to see people get a job, I want to see people get enough to eat. We have never made good on our promises. . . . We have said we would give everybody a job that wanted it. We have never taken care of the people . . . . there are four million that don’t have that much income. We have never done anything for them . . . We have never begun to tax the people in this country the way they should be . . . . People who have it should pay. . . . It’s never a good year to have a tax bill, but I think it’s a darn good year to begin to balance the budget. . . . the biggest deterrent of all . . . is that the country does not know when the end is in sight and this unbalancing of the budget . . . that’s what frightens people. I say after eight years of this administration we have just as much unemployment as when we started . . . . And an enormous debt to boot!”
~Henry Morgenthau, Jr., May 1939
Secretary of the Treasury under FDR from 1934-1945.
Source: “From The Morgenthau Diaries — Years of Urgency 1938-1941″ pp. 24-25

Remember these quotes as we get closer to autumn.

Eileen for Freedom   July 29th, 2010 - 5:46 pm

"Real" America lives in this country…we know what is going on out here in the heartland…and it isn't good…and it isn't improved!

It will only be improved in November when we remove ALL Democratzi 'loons' and Republican moderate 'fence sitters' and replace them with CONSERVATIVE men/women with guts and determination to stop the spending, cut back on what we are spending and represent their constituents…something none of this government under the leadership of the puppet of the Bilderberg…Obama the Bush is doing!

—–
‘LAME DUCK’ FOR THANKSGIVING!

IMPEACHMENT OR THE ‘ORIGINAL’ RECORDS OF BIRTH…IT IS JUST A MATTER OF TIME…AND 2010 WILL BE THE TIME!
—–

CAST YOUR VOTE TODAY ON YOUCUT! http://republicanwhip.house.gov/youcut/

AMERICA…WE ALSO NEED TO SUPPORT ARIZONA – DO WHAT YOU CAN TO HELP AT: keepazsafe.com and/or http://bordersheriffs.com/

mickrussom   July 29th, 2010 - 6:06 pm

This is a socialist coup d'etat in slow motion. This regime is unconstitutional, states are revolting in courts against Obaumistic Obama-death-panel-care (Krugman just jagged off at denying care the other day after the passed bill)

This is a dangerous time, if we don't box this treasonous rat vermin baby dictator Obama by sending him a strong message in November the last bastion of freedom my end in the hands of Chairman Maobama and his communist/socialist/progressive vile traitor lackey hyenas.

I have never been so sickened in my life, I fear for the debt my children will have to pay for this traitor's profligacy.

What an utter shame and disappointment Obama is. Its shocking how bad this empty suit ideologue progressive communist is. What a hollow shell filled with meaningless platitudes.

mickrussom   July 29th, 2010 - 6:08 pm

Announcer: Now from Putin News Services, Moscow.
Announcer: A Statement from His Excellency, Vladimir Putin.

Putin: To peaceful loving people of America. Today I am very proud that we are singing hysterical arms agreement with you. Ha ha ha . . .

Its funny that we can now threaten to change our minds on your missile defenses.

And your president, euuuh, he will respond like Pavlov's puppy to our demands.

Really, we were just kidding on the anti-missile thing, but he insisted on licking our boots after all . . .

So it is quite pleasant to work with the leader of your regime, President for Life Obama. He may dislike America more than we ever did. With him, we have built a strong relationship of trust, and trust is necessary for any successful first, second and third strike capability.

He has given our biological weapons export industry a real shot in the arm in a difficult economy.

We look forward to next agreement. In fact we will sign it without reading. Just fax it over. So much we believe in your commitment to the success of Mother Russia.

Peace out,

Vladimir.

nelan72   July 29th, 2010 - 9:45 pm

Day 100 on the Oil-tinkle. Stil focusing on unemployment like a laser is still going on… Will someone give him a new paper so he plug the hole in this economy in the toilet.

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wilmac   August 13th, 2010 - 3:49 pm

THE Private Economy is struggling, the Government Economy is growing.,is this the America you WANT??

THE trail is wagging the DOG.,QUACK QUACK..Some one is about to get Rolled.,and its not the American PPL>

Why do you think OHblahblah is partying it up.,because he knows the party is just about over for him..and he wants to

steal as much as possible before he gets kicked to the curb. What a disgraceful ingrate communist. both him and his despicable wife..

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