There is a thread on LBN titled "Economists trim 2011 US growth forecast"

[TwixVoy]

There is a thread on Latest Breaking News titled "Economists trim 2011 US growth forecast".

Basically economists have been projecting a great recovery in 2011. There was even an article recently which claimed we would see at a minimum 100,000+ jobs created every month of 2011.

Now here comes the start of the "Well gee maybe 2011 won't be the year...." news articles.

How long are we going to play this game?

In 2007 we were told not to worry - that it was just a mild slow down that would turn out to be nothing. Here is a 2007 article saying the economy was *growing* faster than expected http://www.highbeam.com/doc/1P2-3727235.html?refid=gnews_1108

Then we were promised by bushco that "Not to worry.... it's a little worse than a slow down. Here is a $600 check to shut you up for a while". Remember the stimulus checks? Great way to appease the masses who were losing everything. Lost your house? Don't worry here's a $600 check. Circus and bread worked well for the Romans.

We were told by the media that those stimulus checks would pull our asses out of the fire and prevent a major downturn. 2008 article praising increased consumer spending after checks were sent: http://in.reuters.com/article/marketsNewsUS/idINN2738186620080627

Then the media for weeks wouldn't shut up about "Summer recovery" in 2008. Anyone remember that? That was the meme. Summer recovery!

Then the media told us nothing to worry about. 2009 will be a better year. Here are a bunch of 2008 articles which made that claim:

http://in.reuters.com/article/lifestyleMolt/idINTRE4BT3E720081230 - Americans optimistic about 2009
http://www.theopenpress.com/index.php?a=press&id=42454 - 2009 a "near certainty" better for investors
http://uk.reuters.com/article/ousiv/idUKTRE4BG4I020081217 - Investors see better year ahead in 2009

Of course the markets totally self destructed in 2009.

Then we were told 2010 would be the year of recovery. 2009 articles here:

http://news.smh.com.au/breaking-news-world/imf-projects-stronger-2010-recovery-20090708-ddi5.html
http://www.reporternews.com/news/2009/dec/31/n-poll-americans-seek-silver-lining-in-new-year/ - Americans see better year in 2010
http://www.bizjournals.com/milwaukee/stories/2009/12/14/daily29.html - 2010 will be a better year. This article claims we will see good job gains in 2010

Ok so now we are seeing the first articles saying "Wait for it! 2011 will be the year of recovery!!!" along with a few "Well maybe not 2011... We will have to see" articles peppered in just to be on the safe side.

How many years in a row are we going to be STUPID enough to fall for this shit? What has been done to create REAL full time jobs that pay wages people can actually live on? What has been done to fix health care costs? What has been done BESIDES using tax dollars to bail out bankers? What has been done to save people from losing their homes? Not a damn thing. But of course the media is now telling us don't worry - 2011 will be the year!

Yea, just like 2007, 2008, 2009, and 2010 were going to be the years of recovery.

***** A little side note.... when searching for the terms "economy minor slowdown" on Google just now Google said "Did you mean: economy "major slowdown""

[Hell Hath No Fury]

1. We are far, far from out of the woods on this mess.

To think anything else means you are living ih LaLa land with blinders on. Americans are suffering and will continue to suffer long after Wall Street is back on its feet. This will be another nail in the Dems come midterms.