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I think it's kinda funny...the left insisted we were having a recession before the GDP was down. Then when we finally DO have a recession, under Obama, you insist we aren't having one.
20 percent more people are on foodstamps in Oregon than this time last year. Doesn't look like it's over to me.
I mean haven't we had a few quarters of GDP growth which technically ends our recession?
So very Sad!
The determination of recession should solely be based upon the misery index. If more and more people are out of work week after week and month after month, then we are in a recession. When it is as bad as it is now, it is a DEPRESSION. It is continuing to get worse by the day.
But that is not the definition of a recession now is it Neubarth.
I think that technically we have had yet another jobless recovery.
A new American trend?
I mean haven't we had a few quarters of GDP growth which technically ends our recession?
I mean haven't we had a few quarters of GDP growth which technically ends our recession?
Recessions historically last one and a half to two years, I understand. People on unemployment are enjoying their new dependency, tax free, and many are choosing to stay there, instead of searching for a job in which they would have to earn their lifestyle. Meanwhile, their neighbors, the taxpayers, will be supporting them. That has to burn the hand that feeds them....
Unemloyment is highest in areas like construction and manufacturing. It's also the highest among the uneducated.
As far as construction is concerned, those jobs aren't really coming back b/c they weren't needed to begin with. As far as manufacturing is concerned, those jobs already exist, just in different countries where labor is cheaper. So those jobs aren't really coming back either.
A big problem I'm seeing is that the unemployed don't want to work:
Landscapers find workers choosing jobless pay | detnews.com | The Detroit News
And no, I don't really feel bad for those people. I know one of them. He had no job, nor a degree and was living in a nicer apartment than what I was living in when I was scrapping pennies together to buy a house.
There are theoretically people out there that I feel bad for, but I haven't actually met any of them yet.
But that is not the definition of a recession now is it Neubarth.
I think that technically we have had yet another jobless recovery.
A new American trend?
I mean haven't we had a few quarters of GDP growth which technically ends our recession?
May 18 (Bloomberg) -- Work began on more U.S. houses in April than at any time in over a year and wholesale prices unexpectedly decreased, showing the economy is strengthening without stoking inflation.
I mean haven't we had a few quarters of GDP growth which technically ends our recession?
Putting aside all the spin, and answering the question at face value.
The answer is:
Yes.