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Going down because Obama released 60 Million Barrels of Oil from the emergency reserves
the guy is a moron. what is that going to do exactly? a short term dip in the price then it will quickly move back up. its not going to help him come election time. you need long term solutions to the oil issue not releasing some oil from a stockpile.
Being that we never recovered from the first crash I say we are not in a double dip but a continued depression. We are now going into our 43rd month of recession, compare that to 1982 when we were in recovery after about 16 months. There is no hope in sight for the near future. The only thing we can hope for is that we avoid complete societal collapse such as what is threatening Greece.
So you guys are expecting negative economic growth for Q3 and Q4? GDP down?
You think these people care about numbers? Even if the economy is reported to grow 5% they would just claim its all a big lie and conspiracy. They have decided if anyone doesn't buy into their view of the world then that person is just ignorant or a puppet of the conspiracy.
Pretty funny we've got people calling recessions by the day now. Like it matters. I'd like to see where he cashes his winning ticket for that prediction.
You think these people care about numbers? Even if the economy is reported to grow 5% they would just claim its all a big lie and conspiracy. They have decided if anyone doesn't buy into their view of the world then that person is just ignorant or a puppet of the conspiracy.
Pretty funny we've got people calling recessions by the day now. Like it matters. I'd like to see where he cashes his winning ticket for that prediction.
i care a lot about numbers. i love numbers. i like gdp numbers but i also like unemployment numbers, government spending numbers, inflation numbers, etc. etc. etc.
keep getting you numbers from obama and you will be very surprised when the truth hits you in the face.
i believe first quarter 2011 gdp growth was 1.8%. how much did government spending go up? how about inflation over that period (not including housing prices)? how about unemployment numbers (accounting for the fact that there are constantly people entering the workforce)? obama recently said we have created 2.1 million jobs in the last 15 months (laughed at by the audience). that not only conveniently starts at the bottom point of unemployment but its still a net loss over that 15 months when you consider new members of the workforce.
you need a certain amount of growth just to maintain current levels and 1.8% isnt going to cut it.
1.8% isn't a good number, but its no depression either. As bad as things seemed to be in 2008 and 2009 life still went on. People still did the same things just at lower levels. The streets weren't empty and the world didn't go to black and white. When people say we are in a depression its just pathetic on the common sense level, but even worse is how people start to act when they believe such nonsense. A slow economy is not a recession or depression, why think so lightly about throwing those terms out there? Does it somehow make one feel better to say everything is crappy?
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