Ask the Readers: Now, is the Economy Back on Track?

by Jason Unger

In late August, we asked you if you thought the economy was back on track.

Overwhelmingly, you thought that it was leveling off, but not yet back on track. And 30% said that it was still getting worse, including Phil, who posted this comment:

Absolutely getting worse. Spending for the sake of spending does not increase $ velocity. The deficit bill will come due at some point, which will lead to hyper-inflation and a de-valuing of the dollar. We havent solved our economic problems one bit since last year, we have just effectively delayed the inevitable.

Now, 3 months later, much of the TARP money has been re-paid, the stock market has been steady, if not growing a bit, and the “most accurate forecaster” is predicting a surge in the economy in 2010.

But, unemployment is still in the double digits and the government is still spending a ton of money it doesn’t have (or needs to raise).

So, I want to know if your impression has changed: now, is the economy back on track?

Answer the poll below and then let me know why in a comment.

[poll id=”29″]

Previous post:

Next post: