Are we headed into another recession?

Discussion in 'Politics' started by Grampa Murked U, Jul 2, 2012.

  1. Grampa Murked U
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    Grampa Murked U Diamond Member

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    UE ticked up recently after being stagnant for a couple months
    Job creation is non existant
    Applications for new assisstance remain steady
    China seems to be slowing economically
    gas prices are declining because demand is down when its normally up
    Manufacturing numbers dropped sharply
    commodity prices are declining due to low demand


    Several economists are speculating that it may happen. Whats your take?
     
  2. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    I rate it at 50-50, even if it doesn't quite get that bad, the economy will barely get by. Any bad news, be it a bad hurricane, flood, terrorist attack, or something else could be enough to tip the balance.
     
  3. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    we left the first one?
     
  4. Douger
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    Douger BANNED

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    Sure ! You left it after the tornadoes (construction up), the floods, ditto and yeeeeehaw. Permits will skyrocket from the current flood of fires.
    Like herpes, it'll be right back.
     
  5. RightWingFerret
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    RightWingFerret BANNED

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    I felt the early stages of the Obama recession in 2007 shortly after queen pelosi and reid took over. Thank god i live in florida where the unemployment has been coming down ever since Rick Scott became governor. the june&july jobs reports are going to be dismal and just in time for the DNC convention. Lets just wait and see pelosi & wasserman try to spin the 5 year long recession and 8.5% unemployment to the 2 million laughing viewers.
     
  6. bobcollum
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    bobcollum BANNED

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    :lol:

    Yes, I know you were being serious.
     
  7. Jackson
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    Jackson Gold Member Supporting Member

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    Tell the people who are out of work, homes are being foreclosed upon and values have tanked that we are not in a recession. If they say no, they are probably calling it a "depression", just like Biden.
     
  8. RightWingFerret
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    RightWingFerret BANNED

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    why would anyone vote for O'Bozo in this ever worsening economic enviroment? to vote fo Obama is to vote for another 4 years of agony!,,and another 4 years of Biden Gaffes.
     
  9. bitterlyclingin
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    bitterlyclingin Silver Member

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    Europe is falling into a black hole. Shittiest damn recovery I've ever seen. Or is 8.2 unemployment the new normal?
    10 years ago economist would argue that the 'core' unemployment level is around five per cent. 5 per cent was where the economy got down to the 'incorrigibles' and it couldn't get any better. What changed?
    Obama promsed us in 2008 to take the "Boom and the bust out of the Capitalist business cycle". He kept his promise, he made it permanently dead.
    "The private sector is doing fine!" Serial Liar in Chief. Remember that one? Or this one?
    "I assure you, George, it (The Mandate) is not a tax."
    "Obama will blithely lie about anything, confidant that he can pull the wool over enough Americans eyes to get re elected."
     
  10. RightWingFerret
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    RightWingFerret BANNED

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    i wish raz or gallup would take this poll....if the election were held today, who would u vote for,,,,Obama or Bush?
     

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