- Moderator
- #41
No where in that article is the word depression found.
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I already did
I already did
Liar
January 13, 2008
"The recession-deniers were muzzled by a horrendous last two weeks of December, and the gloom-and-doomers are now out in force. Their key arguments:
* Plummeting housing will now drag down the rest of the economy.
*The "bad debt" problem is not just "sub-prime" folks who should never have have taken out mortgages in the first place. It includes credit card debt, "high quality" mortgages, car loans, and other leverage that have recently become a consumer way of life.
*Pressure on consumers is leading to a reduction in consumer spending (70% of economy), which, in turn, will lead to a reduction in spending by companies that sell stuff to consumers.
*The question now is not "will there be a recession?" but "how bad will it get?"
*The most optimistic forecasts in a NYT gloom-and-doom round-up are for three crappy quarters, regardless of what the Fed does. Less optimistic forecasts suggest that we are, well, screwed.
After blowing the last downturn, we've been worried this one since last summer (see below). We also suspect that, given the importance of housing to the economy and debt to consumer spending, the recession will be deeper and more prolonged than people think."
I already did
How dishonest you all are.
Bush crashed this economy and left a huge mess for Obama to pull us out of.
Now your team is holding the American people hostage to get their way.
The American people want taxes raised
I gave you a quote where he said it would be worse than the GD.
facts just mean nothing to you
I already did
Nowhere in there did Bush claim the nation was falling into depression.
Is this your admission that you were lying?
the CBO says he did as well as most economists