Zoomie1980
Senior Member
- Jan 16, 2008
- 1,658
- 128
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A recession is defined as two consecutive economic quarters that produce a loss. We are not in a recession according to the definition. I agree, economic growth has slowed, however not declined.
We are not in a recession. I am personally doing better than ever in my life. The Liberals should tell all the shoppers in the Northeast and the Midwest that the economy is bad and that they should stop shopping....stop driving.....
If you gainfully employed and making your payments right now, times are actually not too bad. Your increased food and gasoline budget is likely more than offset by savings on your variable, prime rate tied, credit accounts if you are carrying balances of $30,000 or more. My food and gas budget are up about $170 over this time last year but my min payment debt payments are down over $250.... Add to that I went the garden route and now don't have to buy any vegatables at the store at all for the next three months....and I bought a whole cow and a whole pig for a combined $1.75/lb....