Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
If it occurs, which the media seems to be throwing out these days and the markets continue to go in their direction (which I hope does not happen), do you think Mitt Romney will easy win this election?
How can you have second when the first is still ongoing ?
Watch! Maybe "plunge" was a bit of overstatment, but a gradual drop of 30-40 cents per gallon is in the offing. Falling prices are already being seen in some markets and prices have peaked in all of them.
30-40 cents is hardly a plunge, gas prices are still horrible at that. The drop is due to the economic unrest all over. If it stablizes at all, they will go right back up of summer...wait and see.
If it occurs, which the media seems to be throwing out these days and the markets continue to go in their direction (which I hope does not happen), do you think Mitt Romney will easy win this election?
Republicans are the masters of creating recessions and causing the economy to go into a free-fall with their regressive policies favoring the rich. If there is a recession, which Republicans are praying on their knees for, it will be a reflection of their participation in the process. This has been evident since Obama has been elected with their obstructionist tactics and support for tax breaks for the rich. It was evident during the Bush years. Pubs stink in this regard...BIG TIME. A recession favors the President.
Without the Republicans dragging this country down, we never would've had those 8 horrific Bush years and economic ruin and Obama's first term would've seen explosive growth and prosperity, that doesn't just favor the rich.
No second recession though. Don't be sucked in by the misguided, desperate Republican narrative. That goon Romney stands no chance. Enjoy President Obama's second term.
Last edited by LexusNexus; 05-10-2012 at 02:18 AM..
Haven't seen much about a second recession. Markets have been doing fine, least stock markets. They had a really hot four months and are just cooling off a bit. That and it is summer, natural cycle. Will pick up again towards the end of the year.
If we do have second recession? Yea, Mitt would win. I don't see that happening though. Either Mitt winning or a second recession.
Wow, really? This has been totally predicted for a number of years!
What do people watch/listen to/read anymore?
How is it that there are people who are NOT aware of this prediction by economists? (These would be the same economists who predicted the first one!)
Wow, really? This has been totally predicted for a number of years!
What do people watch/listen to/read anymore?
How is it that there are people who are NOT aware of this prediction by economists? (These would be the same economists who predicted the first one!)
That poster was obviously talking about the sentiment among real economists and others in the financial industry, not whatever broken-clock doom and gloom youtube sensation you subscribe to.
Quote:
Originally Posted by bchris02
How can it be a second recession when the first one never truly ended?
The definition of recession has nothing to do with bchris02's personal financial or employment situation. It is a broad decline in economic measures (think about the root word "recede") but mainly GDP which is the broadest single indicator of economic health. You can see a recession by looking at any graph of GDP, the recession we went thru stands out quite clearly:
When GDP growth is positive every quarter you are not in a recession.
Haven't seen much about a second recession. Markets have been doing fine, least stock markets. They had a really hot four months and are just cooling off a bit. That and it is summer, natural cycle. Will pick up again towards the end of the year.
If we do have second recession? Yea, Mitt would win. I don't see that happening though. Either Mitt winning or a second recession.
The stock market means nothing. (Why do people give it so much import?)
Any stocks backed by the dollar may soon be worthless.
What is more important is the purchasing power of the dollar and the cost of living; unemployment; gas prices etc.
If the stock market goes up 10% yet the cost of living in real terms ie groceries, utilities, gas, insurance, medical goes up 30%, those with stocks are still behind by 20%.
If it occurs, which the media seems to be throwing out these days and the markets continue to go in their direction (which I hope does not happen), do you think Mitt Romney will easy win this election?
At this stage in my life, I've come to the conclusion that the last source for any credible information is the media. In fact, if you are hearing or reading anything on the media, I would be willing to bet there is someone behind the reporter, paying for the report.
Question everything and go to the source of the information, not the National Enquirers of today's news world.
And, no, I don't believe we've sunk so low to subject ourselves to another penance of servitude under a GOP administration, yet. Let's wrap up the last military debacle before we get ourselves into another.
That poster was obviously talking about the sentiment among real economists and others in the financial industry, not whatever broken-clock doom and gloom youtube sensation you subscribe to.
The definition of recession has nothing to do with bchris02's personal financial or employment situation. It is a broad decline in economic measures (think about the root word "recede") but mainly GDP which is the broadest single indicator of economic health. You can see a recession by looking at any graph of GDP, the recession we went thru stands out quite clearly:
When GDP growth is positive every quarter you are not in a recession.
Is it just a coincidence, that the ups go right in line with Uncle Ben's quantitative easing? With the downs, the government blowing through it?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Absolutely not
A recession favors the President.
