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i would be happy to argue the effect of reagons policy's on the economy. the economy recovered, but it was not because of what he did
Yes, I get all my information from wiki.
Pfft....
it is called STAGflation, which in a way is WORSE than a recession becasue there are no moves that can be taken to safely pull us out of it without causing major inflation....please read the wiki link provided above on it and follow the links and articles on it....
WTF?
Okay, take a deep breath and start over. Your incoherent sputtering isn't terribly effective.
Of course it is.
But continue to ignore facts, if you'd rather. You guys have been dead set on a recession to blame on Republicans since Carter. And if one doesn't exist, why, just make one up!
"You guys" = liberals who insist there's a recession when all the evidence clearly shows otherwise. Is that you?
all the evidence? record foreclosures, rising unemployment, low auto and home sales, declining stocks, bank failings. you must admit there is SOME evidence of a recession. doesnt prove their is one, but there is evidence
The technical Defintion of a recession is 2 consecutive quaters of Negative growth, or shriking.
So what are the numbers? well in the last 3 quaters they are:
Ending Dec 07 - Neg .02%
Ending Mar 08 - Pos .09%
Ending June 08 - Pos 1.9%
1.9% is actually less than expected but the pattern is over the last 3 months, an upward one.
While clearly things are not wonderful, I would have to say we are by no means in a recession. Despite what Both Obama and McCain are saying.
In fact I would say that in the face of the Housing Crisis, the Energy Crisis, and the Credit crunch. 1.9% growth is actually pretty amazing.
I would also point out that in the month of June the Dollar actually gained on many other currencies for the first time in a long while.
I am by no means trying to say that we are doing honky dory, only that things are clearly not as bad as some would have you think.
If we could only get deficit spending in check, and address the Energy crisis, we could start to see some real growth of the economy, and start our way out of this shaky economy.
And you, Granny, you just make a bunch of noise. And that's my f*cking job around here bitch!
And still not evidence of a recession.
Dimwits.
And you, Granny, you just make a bunch of noise.
[/QUOTE][QUOTEOriginally Posted by busara
all the evidence? record foreclosures, rising unemployment, low auto and home sales, declining stocks, bank failings. you must admit there is SOME evidence of a recession. doesnt prove their is one, but there is evidence
Here's more:
Market Dispatches - MSN Money]
Jobs data, GDP stoke debate over recession - Eye on the Economy - MSNBC.com
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.