Oldandtired
Rookie
- Banned
- #41
your 'coincidence' cant draw cause to effect. increased government spending is a remedy applied to many economic downturns (if not all). that would be a constant. in fact, our work to prod and enable lending again, even at tremendous stimulus cost, is an attempt to avoid what happened in japan.
the obvious coincidence that i am left with is the severity of the recession. have you taken into consideration that this is the largest recession since the 30s?
What defines it as the "largest" recession? I have never heard that term used to describe a recession.
I have heard "longest"....I have heard "deepest" which was used to describe the impact on employment....but the largest?
Unemplyment never went above 10%.....so what makes it the largest?
'deepest', then. unemployment has nothing to do with recession, per sa... could maybe qualify depression.
'long' and 'deep' refer to how long the GDP remained below the point it was determined to have shrunk(frequency), and how much it shrank(amplitude), respectively.
was it semantics that clouded your recognizing how virtually all recessions' length, even depth was abridged with government spending?
No sir/maam. Was not clouded....... I simply allowed you to make my point.
Yes, this is the longest recession since the 30's...I agree.
Coincidentally, the last time we threw tons of cash to stimulate was the longest on record.
And of course, the lost decade of Japan lasted longer than others.
And I agree, unemployment by no means defines a recession...tell Truthmatters that for me...she argued till she was blue in the face that they are interchangeable.
Anyway, stimuli do nothing but ease the pain of the people, but in no way help an economy recover..and to the contrary, as history shows us, it actually stunts the recovery...slows it down....as we are now seeing once again.
Thank you for making my point. Sorry I trapped you into it.