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Wednesday, April 30, 2008

So What Happened To The Recession?

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?

Comments

Rob,

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


Out Here
Rodney G. Graves

Persia delenda est.
Latin: “Persia (modern day Iran) should be destoyed”

Rodney Graves on April 30, 2008 at 02:41 pm
Avatar for 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.

Bill Mitchell on April 30, 2008 at 02:58 pm

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

WETBACK on April 30, 2008 at 03:35 pm

Dude,

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


Out Here
Rodney G. Graves

Persia delenda est.
Latin: “Persia (modern day Iran) should be destoyed”

Rodney Graves on April 30, 2008 at 03:38 pm

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.”

Kevin on April 30, 2008 at 03:51 pm

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!


"we should select our leaders on principle first, electability second.”

A young man whose wisdom far exceeds his years

Spartacus on April 30, 2008 at 05:08 pm

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.



A political party cannot be all things to all people. It must represent certain fundamental beliefs which must not be compromised to political expediency, or simply to swell its numbers.

dougee on April 30, 2008 at 05:10 pm

liberal friends

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


"we should select our leaders on principle first, electability second.”

A young man whose wisdom far exceeds his years

Spartacus on April 30, 2008 at 05:41 pm

lol



A political party cannot be all things to all people. It must represent certain fundamental beliefs which must not be compromised to political expediency, or simply to swell its numbers.

dougee on April 30, 2008 at 05:56 pm

I had a liberal friend, once…


Being liberal is never having to admit you’re wrong

docdave on April 30, 2008 at 07:31 pm

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

Kevin on April 30, 2008 at 07:55 pm

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.


Being liberal is never having to admit you’re wrong

docdave on April 30, 2008 at 08:04 pm

Four paragraphs down:

The euro plunged to $1.5646 against the dollar, down from its all-time peak of $1.6018 on Tuesday. It is still 27pc above its level two years ago.

Euro down 0.0372

But thanks for the story, I’ll call my guy tomorrow.


“If a conservative is still a republican after the last 13 years, he is blind to the fact that his party of choice has failed him utterly.” – Realitybasedbob

realitybasedbob on April 30, 2008 at 08:21 pm

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??


"All the perplexities, confusion and distress in America arise not from defects in their Constitution or Confederation, nor from want of honor or virtue, so much as downright ignorance of the nature of coin, credit and circulation.”
- John Adams

Troy_Pineri on April 30, 2008 at 09:03 pm
Avatar for 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...”

Bill Mitchell on May 1, 2008 at 03:42 am

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.


The Debate is over!  Global Whining has been confirmed.


The Whistler's signature
The Whistler on May 1, 2008 at 07:19 am

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.

Kenny on May 1, 2008 at 01:09 pm

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.


“Poverty of goods is easily cured; poverty of the mind is irreparable.”

Bat One on May 1, 2008 at 09:51 pm
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