The Republican economic disaster

[AllieBaba]

and i said thats the only one that may be considered opinion. what about the other ones?

I already referenced them. Separate occurrences which do not establish your claim that we are in a recession.

 

[sealybobo]

Nevermind..I'll show you:

The world economy | The great American slowdown | Economist.com
The link has the word "OPINION" in it.


The second one is a news story which does nothing to "prove" your insistence that there's a recession going on, and which, in fact, addresses the miniscule increase in unemployment with this: "The increase in the unemployment rate to 5.7 percent, from 5.5 percent in June, in part came as many young people streamed into the labor market looking for summer jobs."


The rest just are referring to different occurences in the economy which still in no way establish a recession.

How about this? spending got a sizable boost after the government handed out $100 billion worth of tax rebate checks. That money provided an artificial — and temporary — lift to consumer spending, which accounts for about 70 percent of GDP.

Fact! Checkmate!!! Apology accepted. If you still don't know Bush and the GOP have been lying to you with fuzzy math, then you'll never know. That's why they say voters are dumb. They are. Heck, even half the people voting for Democratic don't know why they are right.

 

[Chris]

Housing crisis....no regulation on business by the Republicans. The same thing happened under Reagan with the Savings and Loan crisis.

Gas prices.....no energy policy for the last 38 years. Carter was the only president to evern mention energy conservation.

Record budget deficit.....Reagan and Bush's tax cut and spend fiasco is responsible for 90% of the National Debt.

Unemployment.....see above.

Record profits for Exxon.....see above.

 

[Tech_Esq]

The politicians are pumping money into the economy because it's an election year.

God help the poor soul that gets elected president!

Whoever it is will still be better off than Reagan was after inheriting the Carter debacle. This economy looks like a rip-roaring model of success compared to that.

 

[AllieBaba]

Housing crisis....no regulation on business by the Republicans. The same thing happened under Reagan with the Savings and Loan crisis.

Gas prices.....no energy policy for the last 38 years. Carter was the only president to evern mention energy conservation.

Record budget deficit.....Reagan and Bush's tax cut and spend fiasco is responsible for 90% of the National Debt.

Unemployment.....see above.

Record profits for Exxon.....see above.

NONE OF WHICH MEET THE DEFINITION OF A RECESSION WHICH IS A 2-QTR DECLINE!

You fucking morons.

 

[AllieBaba]

Whoever it is will still be better off than Reagan was after inheriting the Carter debacle. This economy looks like a rip-roaring model of success compared to that.

It's like talking to beetles.

 

[Chris]

Whoever it is will still be better off than Reagan was after inheriting the Carter debacle. This economy looks like a rip-roaring model of success compared to that.

No, Reagan had the North Shore oil to save the economy. He was incredibly lucky.

 

[Tech_Esq]

It's like talking to beetles.

I see no reason to disparage beetles.

 

[Chris]

It's like talking to beetles.

''The basic pattern is clear. This is becoming a W-shaped recession,'' said David Wyss, chief economist for Standard & Poor's in New York.
The contraction evident in the fourth quarter of 2007, when the GDP fell at a 0.2 percentage rate, ''got interrupted by the rebate checks,'' Wyss added, but the economy ''will go back to declining after people finish spending their checks.''

 

[AllieBaba]

Luck has nothing to do with it.

 

[AllieBaba]

''The basic pattern is clear. This is becoming a W-shaped recession,'' said David Wyss, chief economist for Standard & Poor's in New York.
The contraction evident in the fourth quarter of 2007, when the GDP fell at a 0.2 percentage rate, ''got interrupted by the rebate checks,'' Wyss added, but the economy ''will go back to declining after people finish spending their checks.''

Paraphrase: There is no recession.

 

[Tech_Esq]

No, Reagan had the North Shore oil to save the economy. He was incredibly lucky.

You're right Kirk, it was just that easy. Still getting As in Economics are you?

 

[Chris]

A "W" shaped recession, how ironic, since W shaped it.

 

[AllieBaba]

Just another dillhole trying to convince us that it's a recession....even though it isn't really a recession, and there's no evidence to back up the claim.

 

[Chris]

You're right Kirk, it was just that easy. Still getting As in Economics are you?

I always did. Every class....

 

[Tech_Esq]

A "W" shaped recession, how ironic, since W shaped it.

Kirk,

Pop-Quiz -- if GDP declines in one quarter, goes up in the next and then goes down in the following quarter is it a recession or not?

 

[Chris]

Just another dillhole trying to convince us that it's a recession....even though it isn't really a recession, and there's no evidence to back up the claim.

''The basic pattern is clear. This is becoming a W-shaped recession,'' said David Wyss, chief economist for Standard & Poor's in New York.
The contraction evident in the fourth quarter of 2007, when the GDP fell at a 0.2 percentage rate, ''got interrupted by the rebate checks,'' Wyss added, but the economy ''will go back to declining after people finish spending their checks.''

 

[AllieBaba]

He's never taken economics.

 

[Tech_Esq]

I always did. Every class....

Were your professors all socialists or just some of them?

 

[AllieBaba]

Come, comrades...let us change the definition of "recession" so we can continue to fear monger when there's nothing to be afraid of!