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They never wanted to admit it till now. Like we didn't already know.
See above - you're another typical sheep that throws around these terms, claiming other people are lying about them, and you don't even know what they mean yourself.
Words have definitions. You should know what they are before using them, especially if you're going to make accusations with them.
I notice that our commercial media almost refuses to make any mention of the following.
That former chief economist of the World Bank, Joseph Stiglitz, not only declared the US economy already in recession some time ago but that
the Nobel-prize winning economist also cited the $3 trillion cost of the Iraq war as a key factor in the economic downturn. He also stated that it had increased the budget deficit and consumed resources that would otherwise promote growth.
Why not? 9/11 has been blamed on Bush, despite his only being in office 8 months and the 5 terror attacks that took place under Clinton's watch that he did virtually nothing about.
If the left wants to remain consistent, then yes, Obama should be blamed. If they're actually interested in truth and facts (which they're not, unless the truth helps their position or the facts can be misrepresented to do so), then they should look to Clinton for 9/11 and again for laying the foundation for the mortgage mess. You won't see that, though. Nope. It's Bush's fault - everything is Bush's fault. The man was blamed for a hurricane, for goodness sake.
Bush had been in office for several months before 9/11 happened and while he was in office there were many warnings that were IGNORED. Obama isn't even in office yet.
On the other hand the right has been blaming Clinton for 9/11 the whole time... so it goes both ways.
Bush has been in office for 8 years and a fine mess he is leaving us in. I pity Obama.
__________________
The price of anything is the amount of life you exchange for it. ~Henry David Thoreau
I notice that our commercial media almost refuses to make any mention of the following.
That former chief economist of the World Bank, Joseph Stiglitz, not only declared the US economy already in recession some time ago but that
the Nobel-prize winning economist also cited the $3 trillion cost of the Iraq war as a key factor in the economic downturn. He also stated that it had increased the budget deficit and consumed resources that would otherwise promote growth.
TRUE. On this forum this topic has been brought up many times.. each time those that said we are in a recession are labeled as pessimists and worse.
I think we are realists.
__________________
The price of anything is the amount of life you exchange for it. ~Henry David Thoreau
I notice that our commercial media almost refuses to make any mention of the following. That former chief economist of the World Bank, Joseph Stiglitz, not only declared the US economy already in recession some time ago but that the Nobel-prize winning economist also cited the $3 trillion cost of the Iraq war as a key factor in the economic downturn. He also stated that it had increased the budget deficit and consumed resources that would otherwise promote growth.
Agree. Been a part of my mindset for over 40 years now.
Catonsville Community College, Fall 1966, Economics 101 with Mr. Foss: Can NOT have both guns and butter at same time.
From my posting on the same topic in the Elections Forum: I went to see an economist speak in Denver, FOURTEEN months ago, and SHE was right on the money at THAT time that we were in recession THEN. Where has the NBER been for a year? My full report of that briefing is found at: - //www.city-data.com/forum/color...on#post1622419
Location: New Albany, Indiana (Greater Louisville)
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Quote:
Originally Posted by swagger
It's a decline in GDP for 2+ quarters.
The only reason GDP and consumer spending didn't fall until recently was because gas was $4 a gallon - people spent less on everything less but gas and yet we weren't offically in a recession BS
I think the definition of a recession should be 2 consequtive months with 100,000 or more jobs lost
Why not? 9/11 has been blamed on Bush, despite his only being in office 8 months and the 5 terror attacks that took place under Clinton's watch that he did virtually nothing about.
If the left wants to remain consistent, then yes, Obama should be blamed. If they're actually interested in truth and facts (which they're not, unless the truth helps their position or the facts can be misrepresented to do so), then they should look to Clinton for 9/11 and again for laying the foundation for the mortgage mess. You won't see that, though. Nope. It's Bush's fault - everything is Bush's fault. The man was blamed for a hurricane, for goodness sake.
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