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Researchers at Texas A&M, in a recently released report, measured the impact of Cash for Clunkers on sales and found the program actually decreased industry revenue by $3 billion over a nine-to-11-month period. Meanwhile, the "stimulus" also cost taxpayers $3 billion.
It came from economic analysis. The bureau of economic advisers ran the numbers to determine when the deep recession ended and why they declared it over right after cars for clunkers.
The recession was over the day Obama was innaugurated.
This chart shows the recession ended even before Obama was innaugurated:
This chart shows the recession ended even before Obama was innaugurated:
Are you some kind of mental moron? Read the chart, It's shows GDP change, the line remained BELOW ZERO (meaning negative growth) until June 2009 that second dotted line.
You must have gotten a 400 on the math SAT's.
The recession ENDED when GDP stopped shrinking, and started to grow, which was june 2009. Until then, the economy continued the deep recession, and continued to lose GDP.
re·ces·sion
noun
The National Bureau of Economic Research—an independent group of economists—is charged with the official proclamation of a U.S. recession's end. In general, however, a recession ends when the economy starts to grow
- 1.
a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
The chart shows the recession bottomed out in the last quarter of 2008. GDP growth may have been negative for a while, but the negative was decreasing quickly.
Researchers at Texas A&M, in a recently released report, measured the impact of Cash for Clunkers on sales and found the program actually decreased industry revenue by $3 billion over a nine-to-11-month period. Meanwhile, the "stimulus" also cost taxpayers $3 billion.
The program jump started the economy, pulling sales for the next 9 months compressed into a buying spree that pushed GDP into positive growth, this ending the recession.
Of course after the HUGE car buying spree, people didn't rush out to buy cars in the following months. But the impact of ending the recession continued to carry the economy.
ROFL! Sorry, but the economy started improve in 2008 Q4. You have to be a moron to interpret that chart the way you claim.
It did nothing of the sort. It was a huge boondoggle that made it impossible for poor people to buy affordable cars.
It did nothing of the sort. It was a huge boondoggle that made it impossible for poor people to buy affordable cars.
It ended the deepest recession in history.
It did nothing of the sort. It was a huge boondoggle that made it impossible for poor people to buy affordable cars.
ROFL! Sorry, but the economy started improve in 2008 Q4. You have to be a moron to interpret that chart the way you claim.
The chart is NEGATIVE, it means the economy wasn't going to shit as fast. But it ws still losing GDP, still losing jobs, still losing stock market. It was losing 770,000 jobs a month
It ended the deepest recession in history.
You have to be the world's biggest sucker to believe that.
You have to be the world's biggest sucker to believe that.It did nothing of the sort. It was a huge boondoggle that made it impossible for poor people to buy affordable cars.
It was the middle of the deepest recession in history. Poor people couldn't afford to buy cars anyway.
Instead that money got the economy GDP into positive territory, and the grow continued. Remember, even as the recession ended, unemployment continued to go up.
We can all see the data. Only morons like you need some government agency to tell you what to think.It ended the deepest recession in history.
You have to be the world's biggest sucker to believe that.
The NBER make that call.
If I have a fever of 103 and then it goes down to 101, than means I have turned the corner.
The President with the worst average unemployment rate since World War II is?
Barrack Obama: 8.86%
Average Unemployment Rates For US Presidents since World War II:
01. Lyndon Johnson: 4.19%
02. Harry Truman: 4.26%
03. Dwight Eisenhower: 4.89%
04. Richard Nixon: 5.00%
05. Bill Clinton: 5.20%
06. George W. Bush: 5.27%
07. John Kennedy: 5.98%
08. George H.W. Bush: 6.30%
09. Jimmy Carter: 6.54%
10. Ronald Reagan: 7.54%
11. Gerald Ford: 7.77%
12. Barack Obama: 8.86%
Bripat thinks the economy is no longer in recession once the patient is out of intensive care.
