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You do know that the claim was made by "credentialed" Economists. You know - the same "Science" that uses a variable (paper money) as their unit of measurement.
You do know that the claim was made by "credentialed" Economists. You know - the same "Science" that uses a variable (paper money) as their unit of measurement.
Would these be the same credentialed Economists that "never saw it coming" back in 2007 ?
Given a surplus and 8 years to show us what they could do, George Bush and the Republicans had us on the sure path to the next Great Depression. Republicans have no clue about running an economy, only scream about taxes. With clueless Pubs doing their best to obstruct his path while failing to contribute any useful ideas on how to fix the mess, this president took office and tackled the problem. Bush had 8 years and couldn't do it. Obama had only a few months. Result? Recession over! Credit to Obama.
1. The Bush economy was fine until the Democratic Congress took control. One and half years later- explosion.
2. Congress controls spending
3. If the recession is over, why is there near 10% unemployment, record foreclosures, falling incomes, falling net wealth, record debt, record deficits, and declining consumer confidence?
I guess liberals live in a fantasy land. In America, the economy is still bad.
Even though I'm not a big fan of W you make clear points that should be addressed. The Democrats have had a helping hand in causing problems.
Quote:
Originally Posted by hawkeye2009
1. The Bush economy was fine until the Democratic Congress took control. One and half years later- explosion.
2. Congress controls spending
3. If the recession is over, why is there near 10% unemployment, record foreclosures, falling incomes, falling net wealth, record debt, record deficits, and declining consumer confidence?
I guess liberals live in a fantasy land. In America, the economy is still bad.
You do know that the claim was made by "credentialed" Economists. You know - the same "Science" that uses a variable (paper money) as their unit of measurement.
In other words, one of Obama's advisors walks across the street and from another building has the group he works with declare the recession over. Not exactly the most ethical move ever.
In the mean time, the disinformation and spin does not counteract what the general population experiences and sees first hand.
Given a surplus and 8 years to show us what they could do, George Bush and the Republicans had us on the sure path to the next Great Depression. Republicans have no clue about running an economy, only scream about taxes. With clueless Pubs doing their best to obstruct his path while failing to contribute any useful ideas on how to fix the mess, this president took office and tackled the problem. Bush had 8 years and couldn't do it. Obama had only a few months. Result? Recession over! Credit to Obama.
According to the report the recession ended in June 2009. OK, we'll give him credit for the 5 months between the inauguration and June and the blame for the economy since June 2009.
It's September 2010 when we get this little gem thrown our way. I guess we should take note of our financial circumstances right now, put them in a time capsul and open it when they tell us the stimulus worked (other than Biden). To think the masses are dumb enough to believe they are drowning in the shallow end of the pool, as if we don't know where we're standing, is insulting. When thousands aren't vying for a handful of jobs and our homes are worth what they were when this crap started, then it's over. And only then.
It's September 2010 when we get this little gem thrown our way. I guess we should take note of our financial circumstances right now, put them in a time capsul and open it when they tell us the stimulus worked (other than Biden). To think the masses are dumb enough to believe they are drowning in the shallow end of the pool, as if we don't know where we're standing, is insulting. When thousands aren't vying for a handful of jobs and our homes are worth what they were when this crap started, then it's over. And only then.
You're factually wrong about what a recession is, versus what a recovery is. The recession is over. We're now in recovery. Things are no longer getting worse, they are, in fact, getting better. The fact that they're not getting better faster is a reflection of just how bad it plummeted.
As I outlined earlier, in the past year since its lowest point (which marked the end of the recession), our economy has experienced:
8 months of private sector job growth through August, 2010*.
The number of properties entering foreclosure dropping steadily since April, 2009*.
The stock market continuing to rise, attracting enough support to push the S&P 500 through key resistance levels this month* (http://news.moneycentral.msn.com/briefing/StockTicker.aspx - broken link). (The Dow is up from 8,280.74 on July 2, 2009, to 10,753.62 as of today's close.)
The strong flow of investment dollars to cleantech growth companies, with cleantech venture investment in the first half of 2010 edging slightly ahead of the record total reached during the first half of 2008 [$4.04 billion versus $4.02 billion]. North American companies raised $1.46 billion in 2Q10, an increase of 47% from 2Q09* (http://cleantech.com/about/pressreleases/Q2-2010-release.cfm - broken link). Given that lasting surges in U.S. job growth usually have followed technological breakthroughs, this is a significant indicator of potential future job expansion.
We're in a state of recovery. We're no longer in a recession. That's just simply a fact.
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