So What Happened To The Recession?

The Whistler  •  May 1, 2008

Doesn’t an economic recession require the economy to actually, you know, recess? At least a little bit?
If our economy grew – even a little bit – amidst the ever-increasing energy prices and the rampant scare-mongering from political and media circles doesn’t that speak to a level of robustness that we should take a bit of comfort in?

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  • http://dougeefargo.blogspot.com/ dougee

    lol

  • Bill Mitchell

    Didn’t you hear? The left wing media has just declared that the age-old metric that a recession is 2 consecutive quarters of negative GDP is “old-fashioned”.

    Their NEW defintion is that “people are hurting”.

    I am still wondering how we can be in a “horrible economy” with 5% unemployment. No one else on the planet even gets close to 5% even during the best of times.

    Liberals are liars, plain and simple.

  • Bat One

    Troy’s point is well taken… ‘though Dougee’s heart is in the right place.

    Germany’s unemployment rate has been running at twice that of the US, and the Euro-weenies are ecstatic that it recently dropped 2 whole tenths of one percent to under 8 per cent for the first time in over 15 years.

  • http://SayAnythingBlog.com The_Whistler_ofnd

    Maybe the recession has move overseas. From Euro dives as wheels fly off eurozone economy

    I blame George Bush. In case you guys hadn’t been noticing the US economy has been consistently outgrowing Europe, year after year.

  • http://www.dartemis.net/blog/ sayanything-42

    Morr,

    We won’t know for some time what the actual effects are, unless the bailout dies on the vine, in which case we’ll no much sooner than any of us care to.

    Ireland has now had two consecutive quarters of contraction and are in a recession. Denmark likewise. Germany and Italy are expected to hit the two quarter mark for a recession next quarter, as is Spain.

    As usual, the dark night of disaster falling on the United States has landed squarely on Europe.

  • http://reasonsnottovoteformccain.blogspot.com/ Morr

    Doesn’t an economic recession require the economy to actually, you know, recess? At least a little bit?

    Enough recessing for you now?

  • http://reasonsnottovoteformccain.blogspot.com/ Morr

    I just find it amusing how Rob has been extolling the virtues of this economy this entire year while a variety of “lefties” have warned that things are not so rosy. Suddenly, by most accounts, we are in the worst financial crisis in decades.

  • Spartacus

    What recession? I work in the orthopeadic industry, our production associates are offered nearly limitless overtime, and they’re accepting it, and yet we’re still fighting to tame back orders. FEH, some recession!

  • http://sayanythingblog.com/readers/author/realitybasedbob/ realitybasedbob
  • Bill Mitchell

    Ok,

    Geesh, why is up to me to be brilliant for the whole Republican Party.

    Here is what Bush needs to say that the average guy on the street can understand:

    “Folks, what we are experiencing is NOT a Recession by any accepted definition of the word. What we have here is a BUBBLE HANGOVER. Yep, we partied too hard on real estate and we woke up the next day with a bad headache, but we don’t need brain surgery – just some aspirin and a cup of coffee or two…”

  • http://insanereindeer.blogspot.com/ Kenny

    Funny Dougee maybe you need to learn the definition of a recession. Wonder how come no one called you out on it??

    Reccession- Two or more consecutive quarters of negative growth. We have not had 1 month of negative economic growth. Therefore, we are not in a recession.

  • docdave

    Maybe the recession has move overseas. From Euro dives as wheels fly off eurozone economy

    The euro has suffered its sharpest drop in four years as a blizzard of weak data from Germany, Belgium, France, and Spain spark fears that economic contagion may be spreading from the Anglo-Saxon world to Europe.

  • WETBACK

    Things are so good I just bought three twenty dollar bills off someone for fifteen dollars.

  • http://www.valleydeals.com/cgi-bin/board2/YaBB.pl Kevin

    I have lots of liberal friends and in-laws; they are very amusing with all their hysterics!

  • http://dougeefargo.blogspot.com/ dougee

    I was talking to one of my liberal friends yesterday and he was talking about the country being in a recession. When I pointed out what a recession actually is and how we haven’t even had one quarter of job loss he had no argument. He had to resort to calling me a douchebag. Liberals can’t deal with facts very well.

  • Troy_Pineri

    When I pointed out what a recession actually is and how we haven’t even had one quarter of job loss he had no argument. He had to resort to calling me a douchebag. Liberals can’t deal with facts very well.

    Funny Dougee maybe you need to learn the definition of a recession. Wonder how come no one called you out on it??

  • http://www.valleydeals.com/cgi-bin/board2/YaBB.pl Kevin

    Their NEW definition is that “people are hurting”.

    Actually it’s people “feel” they are hurting.
    Since I “feel” hungry before every meal, I am counted among “America’s hungry.”

  • http://www.dartemis.net/blog/ sayanything-42

    Rob,

    I would tend to agree. But then again I find that facts are persuasive.

  • http://www.dartemis.net/blog/ sayanything-42

    Dude,

    The ones with Clinton on them (vice Jackson) are not legal tender…

  • Spartacus

    liberal friends

    Ironic, that’s the polite way I call liberals douchenozzles.

  • docdave

    I had a liberal friend, once…

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