The Experts Agree: The Recession is Over.

lets get some words from a real expert...

peter schiff got the collapse to the exact month and with precise details back in 2006
he now says everything done to "fix" the collapse is only prolonging it and killing the dollar in the process

meanwhile the gov "experts" said the ecnomoy & housing market were fine right up until the collapse.
now they say its over.

who to trust?
 
I'll agree that I think things are much better than they were a year ago, but I still think we have a long tough road ahead. Whether the conditions fit the economic criteria to be called a recession or not - we have plenty of economic issues to address.

I agree, things will not necessarilry suddenly be all hunky-dory...

Nonetheless, this is good news.

Agreed.

Or I guess if your political ideology demands failure, this is bad news.
 
The "Experts" also agreed that the stimulus was a good idea. :cuckoo:

If the recession is over,

then the stimulus WAS a good idea...
Post hoc ergo propter hoc (after this, therefore because of this). This is the fallacy of assuming that A caused B simply because A happened prior to B. A favorite example: "Most rapists read pornography when they were teenagers; obviously, pornography causes violence toward women." The conclusion is invalid, because there can be a correlation between two phenomena without one causing the other. Often, this is because both phenomena may be linked to the same cause. In the example given, it is possible that some psychological factor -- say, a frustrated sex drive -- might cause both a tendency toward sexual violence and a desire for pornographic material, in which case the pornography would not be the true cause of the violence.

Logical Fallacies

why did you bother explaining this? someone posting such a stupid post is either a troll or will never graspe logic anyway
 
No one with any brains is going to claim that spending of any kind by anyone will help a downturn.

Every honest person realizes that a money infusion would make this less deep than pulling a Hoover of too little too late.

You see folks government money is still money and still has an impact.

The ression is ened and it ended in the summer. These things have definitions folks and you cant create new definitions for political purposes and retain any level of respect.


Jobs always have been and always will be a lagging indicator.

True jobs are a lagging indicator, However the complication this time is that what consumers spend is about 70% of our economy. No jobs = no recovery or at best a pithy one.
 
lets get some words from a real expert...

peter schiff got the collapse to the exact month and with precise details back in 2006
he now says everything done to "fix" the collapse is only prolonging it and killing the dollar in the process

meanwhile the gov "experts" said the ecnomoy & housing market were fine right up until the collapse.
now they say its over.

who to trust?

The Paulbot chicken littles have screaming "danger ahead" for decades. When you scream it for that long, it's pretty easy to claim you were right when danger finally comes.
 
lets get some words from a real expert...

peter schiff got the collapse to the exact month and with precise details back in 2006
he now says everything done to "fix" the collapse is only prolonging it and killing the dollar in the process

meanwhile the gov "experts" said the ecnomoy & housing market were fine right up until the collapse.
now they say its over.

who to trust?

Oh... he is just a crazy rightwinger. Like that man Ron Paul who said this was coming.

Crazy they are!
 
It really would be interesting to see how many of these "Experts" in this "Group" work for corporations that were bailed out by this White House. Looks like another suspicious Quid Pro Quo to me. Wall Street does seem to be benefiting pretty well from this White House's Bailouts and Stimulus but i just can't say the same for Main street Americans.
 
No one with any brains is going to claim that spending of any kind by anyone will help a downturn.

Every honest person realizes that a money infusion would make this less deep than pulling a Hoover of too little too late.

You see folks government money is still money and still has an impact.

The ression is ened and it ended in the summer. These things have definitions folks and you cant create new definitions for political purposes and retain any level of respect.


Jobs always have been and always will be a lagging indicator.

True jobs are a lagging indicator, However the complication this time is that what consumers spend is about 70% of our economy. No jobs = no recovery or at best a pithy one.

True USC we definately need to make things again.
 
It really would be interesting to see how many of these "Experts" in this "Group" work for corporations that were bailed out by this White House. Looks like another suspicious Quid Pro Quo to me. Wall Street does seem to be benefiting pretty well from this White House's Bailouts and Stimulus but i just can't say the same for Main street Americans.

The BAILOUT was Bush and Paulson fella
 
National Association for Business Economics:

Recovery Soon to Lose "Jobless" Label
November 2009

Reaffirming last month’s call that the Great Recession is over, NABE panelists have marked up their predictions for economic growth in 2010 and expect performance to exceed its long-term trend. “While the recovery has been jobless so far, that should soon change. Within the next few months, companies should be adding instead of cutting jobs,” said NABE President Lynn Reaser, chief economist at Point Loma Nazarene University. Panelists predict a relatively sluggish consumer upturn but look for a sizable housing rebound, low inflation, and further rise in stock prices. Importantly, panelists are mostly (though not entirely) optimistic that the Federal Reserve’s policies will not lead to higher inflation. At the same time, NABE panelists are “extremely” concerned about high federal deficits over the next five years.


National Association for Business Economics (NABE)

:clap2:Thank you for digging us out of Bush's deep hole Mr Obama. :clap2:

Same fucking experts who didn't see it coming?? Geithner?? Barnake?? Bawney! keep drinking yer kool aid .
 
It really would be interesting to see how many of these "Experts" in this "Group" work for corporations that were bailed out by this White House. Looks like another suspicious Quid Pro Quo to me. Wall Street does seem to be benefiting pretty well from this White House's Bailouts and Stimulus but i just can't say the same for Main street Americans.

NABE isn't made up of economists working for corporations. It's a professional association of academic researchers with a focus on business economics.
 
Post hoc ergo propter hoc (after this, therefore because of this). This is the fallacy of assuming that A caused B simply because A happened prior to B. A favorite example: "Most rapists read pornography when they were teenagers; obviously, pornography causes violence toward women." The conclusion is invalid, because there can be a correlation between two phenomena without one causing the other. Often, this is because both phenomena may be linked to the same cause. In the example given, it is possible that some psychological factor -- say, a frustrated sex drive -- might cause both a tendency toward sexual violence and a desire for pornographic material, in which case the pornography would not be the true cause of the violence.

Logical Fallacies

Perhaps, perhaps.

But Reagan's tax breaks plan didn't start reversing the economic nosedive for 2 1/2 years after Carter left office.

If all these economists are correct (and I don't know, as I am not an economist, it's just a hobby for me), then the recession will have bottomed out and started slowly recovering only 1 year after Obama took office.

Which would indicate that the stimulus sure didn't hurt.
 
Last edited:
:cuckoo:

If anything, the stimulus delayed the recovery. The same thing happened during FDRs reign.


Revisionist Ann Coulteresque history rears it's ugly head again.

Let me ask you this:

Roosevelt didn't take office until 2 1/2 years after the Market Crash occurred.

During that time, the prior administration had a "hands off" Republican-type approach to the economy, and the result was the Great Depression.

So, the only actual results we have are:

the Republican approach made the problem worse by multiples, while Roosevelt's approach slowed the economic downslide and eventually created a recovery.

Now you can say Roosevelt "made things worse" all you want... there is no proof of it, and certainly plenty of proof that this was not the case.
 
So many people on this board rooting for the recession NOT to be over
 

Forum List

Back
Top