So, it's official - George Bush ended the recession

[Frankie117]

Originally Posted by natalayjones

I keep seeing all these thread that say the recession has ended...is this insider info? Another big box chain in my area and has announced their closing their doors.

The NBER uses GDP figures alone to determine when a recession begins or ends. Which makes sense - a recession is after all defined by two consecutive quarters of contraction in GDP. However it completely omits the indicators that actually matter to the average person, primarily the unemployment rate. Plus, just because the overall GDP increases does not mean that all regions of the country are experiencing growth, especially when overall growth was less than 2% this year (3% is average).

[migee]

Here it is in the NY Times....That's a nice Progressive paper.

http://www.nytimes.com/2010/09/21/bu...html?src=busln

As far as any problems during the past year...Hey!...Talk to the people now in charge!..Georgie Boy did his job...Obama's boys just dropped the ball!