We are headed towards a DEPRESSION!!!

2013 is going to be a real bitch,you can bank on it !

$obama-tuxedo.jpg
 
Joke all you want about it, but I had to watch a good friend get walked out of the office today (along with 55 other workers in division) with his spirit ripped out him. He has two kids and stay at home wife and bills to pay!

This DEPRESSION is going to hit all of us either directly or with people we know! Joke all you want but REAL people are suffering because of this!

Do you know what a Depression is?

Maybe you could tell us so that we know what to be afraid of

It's severe type of recession!

It's sustained, long-term, drastic downturn in economic activity in a nation. They usually start as a recession, but as they get more severe it gets characterized as a depression. It is a more severe downturn than a recession. Some say it's part of the modern business cycle.

It's characterized by it's long-term; by sustained high increases in unemployment; lack of availability of credit, usually (but doesn't have to be) some banking or financial crisis (Dodd-Frank is CAUSING THIS TO BE MORE SEVERE); decrease in company output (you think these layoffs are going to increase or decrease output); consumers dry up and suppliers cut back on production and investment; large number of bankruptcies, both consumer and business; significantly reduced amounts of trade and commerce, especially foreign/overseas trade (believe we are seeing this now); a drop in GDP; as well as highly volatile relative currency value fluctuations (can you deny this isn't going to happen)!

Does that definition work for you! We already have HIGH unemployment and low economic output (what 1%)? With these new layoffs and hiring freeze, can you not see the economic slow-down morphing into a depression?

Lots of words, no specifics.

An economic depression is characterized by a recession lasting more than two years, a decline in GDP of 10 percent, and generally unemployment approaching 25 percent.

So we'll be keeping an eye out for that, because that would truly be HORRENDOUS and DRASTIC.


.
 
Do you know what a Depression is?

Maybe you could tell us so that we know what to be afraid of

It's severe type of recession!

It's sustained, long-term, drastic downturn in economic activity in a nation. They usually start as a recession, but as they get more severe it gets characterized as a depression. It is a more severe downturn than a recession. Some say it's part of the modern business cycle.

It's characterized by it's long-term; by sustained high increases in unemployment; lack of availability of credit, usually (but doesn't have to be) some banking or financial crisis (Dodd-Frank is CAUSING THIS TO BE MORE SEVERE); decrease in company output (you think these layoffs are going to increase or decrease output); consumers dry up and suppliers cut back on production and investment; large number of bankruptcies, both consumer and business; significantly reduced amounts of trade and commerce, especially foreign/overseas trade (believe we are seeing this now); a drop in GDP; as well as highly volatile relative currency value fluctuations (can you deny this isn't going to happen)!

Does that definition work for you! We already have HIGH unemployment and low economic output (what 1%)? With these new layoffs and hiring freeze, can you not see the economic slow-down morphing into a depression?

Lots of words, no specifics.

An economic depression is characterized by a recession lasting more than two years, a decline in GDP of 10 percent, and generally unemployment approaching 25 percent.

So we'll be keeping an eye out for that, because that would truly be HORRENDOUS and DRASTIC.


.

the global recession has lasted since 2008.....

There are two senses of the word "recession": a less precise sense, referring broadly to "a period of reduced economic activity",[7] and the academic sense used most often in economics, which is defined operationally, referring specifically to the contraction phase of a business cycle, with two or more consecutive quarters of negative GDP growth. If one analyses the event using the economics-academic definition of the word, the recession ended in the U.S. in June or July 2009.[8][9]

However, in the broader, lay sense of the word, many people use the term to refer to the ongoing hardship (in the same way that the term "Great Depression" is also popularly used).[10] In the U.S., for example, persistent high unemployment remains, along with low consumer confidence, the continuing decline in home values and increase in foreclosures and personal bankruptcies, an escalating federal debt crisis, inflation, and rising petroleum and food prices. In fact, a 2011 poll found that more than half of all Americans think the U.S. is still in recession or even depression, despite official data that shows a historically modest recovery.[11]

2008
 
It's severe type of recession!

It's sustained, long-term, drastic downturn in economic activity in a nation. They usually start as a recession, but as they get more severe it gets characterized as a depression. It is a more severe downturn than a recession. Some say it's part of the modern business cycle.

It's characterized by it's long-term; by sustained high increases in unemployment; lack of availability of credit, usually (but doesn't have to be) some banking or financial crisis (Dodd-Frank is CAUSING THIS TO BE MORE SEVERE); decrease in company output (you think these layoffs are going to increase or decrease output); consumers dry up and suppliers cut back on production and investment; large number of bankruptcies, both consumer and business; significantly reduced amounts of trade and commerce, especially foreign/overseas trade (believe we are seeing this now); a drop in GDP; as well as highly volatile relative currency value fluctuations (can you deny this isn't going to happen)!

Does that definition work for you! We already have HIGH unemployment and low economic output (what 1%)? With these new layoffs and hiring freeze, can you not see the economic slow-down morphing into a depression?

Lots of words, no specifics.

An economic depression is characterized by a recession lasting more than two years, a decline in GDP of 10 percent, and generally unemployment approaching 25 percent.

So we'll be keeping an eye out for that, because that would truly be HORRENDOUS and DRASTIC.


.

the global recession has lasted since 2008.....

There are two senses of the word "recession": a less precise sense, referring broadly to "a period of reduced economic activity",[7] and the academic sense used most often in economics, which is defined operationally, referring specifically to the contraction phase of a business cycle, with two or more consecutive quarters of negative GDP growth. If one analyses the event using the economics-academic definition of the word, the recession ended in the U.S. in June or July 2009.[8][9]

However, in the broader, lay sense of the word, many people use the term to refer to the ongoing hardship (in the same way that the term "Great Depression" is also popularly used).[10] In the U.S., for example, persistent high unemployment remains, along with low consumer confidence, the continuing decline in home values and increase in foreclosures and personal bankruptcies, an escalating federal debt crisis, inflation, and rising petroleum and food prices. In fact, a 2011 poll found that more than half of all Americans think the U.S. is still in recession or even depression, despite official data that shows a historically modest recovery.[11]

2008

Yes, what should have been Bush's Mother of All Depressions was converted into a long drawn out suppressed economy by the Fed.

.
 
Lots of words, no specifics.

An economic depression is characterized by a recession lasting more than two years, a decline in GDP of 10 percent, and generally unemployment approaching 25 percent.

So we'll be keeping an eye out for that, because that would truly be HORRENDOUS and DRASTIC.


.

the global recession has lasted since 2008.....

There are two senses of the word "recession": a less precise sense, referring broadly to "a period of reduced economic activity",[7] and the academic sense used most often in economics, which is defined operationally, referring specifically to the contraction phase of a business cycle, with two or more consecutive quarters of negative GDP growth. If one analyses the event using the economics-academic definition of the word, the recession ended in the U.S. in June or July 2009.[8][9]

However, in the broader, lay sense of the word, many people use the term to refer to the ongoing hardship (in the same way that the term "Great Depression" is also popularly used).[10] In the U.S., for example, persistent high unemployment remains, along with low consumer confidence, the continuing decline in home values and increase in foreclosures and personal bankruptcies, an escalating federal debt crisis, inflation, and rising petroleum and food prices. In fact, a 2011 poll found that more than half of all Americans think the U.S. is still in recession or even depression, despite official data that shows a historically modest recovery.[11]

2008

Yes, what should have been Bush's Mother of All Depressions was converted into a long drawn out suppressed economy by the Fed.

.

let's not forget the keynesians...
 
Joke all you want about it, but I had to watch a good friend get walked out of the office today (along with 55 other workers in division) with his spirit ripped out him. He has two kids and stay at home wife and bills to pay!

This DEPRESSION is going to hit all of us either directly or with people we know! Joke all you want but REAL people are suffering because of this!

Do you know what a Depression is?

Maybe you could tell us so that we know what to be afraid of

It's severe type of recession!

It's sustained, long-term, drastic downturn in economic activity in a nation. They usually start as a recession, but as they get more severe it gets characterized as a depression. It is a more severe downturn than a recession. Some say it's part of the modern business cycle.

It's characterized by it's long-term; by sustained high increases in unemployment; lack of availability of credit, usually (but doesn't have to be) some banking or financial crisis (Dodd-Frank is CAUSING THIS TO BE MORE SEVERE); decrease in company output (you think these layoffs are going to increase or decrease output); consumers dry up and suppliers cut back on production and investment; large number of bankruptcies, both consumer and business; significantly reduced amounts of trade and commerce, especially foreign/overseas trade (believe we are seeing this now); a drop in GDP; as well as highly volatile relative currency value fluctuations (can you deny this isn't going to happen)!

Does that definition work for you! We already have HIGH unemployment and low economic output (what 1%)? With these new layoffs and hiring freeze, can you not see the economic slow-down morphing into a depression?

OK...now we know where you are starting from

Now a Recession is characterized by three consecutive quarters of negative GDP. How many consecutive quarters of negative GDP have we had so far? Let me see......Ummmm....None

Currency fluctuations? No, we haven't had any of that

High unemployment? it was 10.2% three years ago, now 7.9%. Looks like a downward trend to me

Collapsing stock market? Not exactly. It has doubled in the last four years and is near record highs.

I'm sorry, but I am not ready to panic
 
All these companies laying off workers and closing down plants and operations. Inflation is inevitable (because of the rise on food and gas)! This all coming before the SPENDING holiday season that many companies truly rely on!

Predictions:
(1) The Layoffs are going to be HORRENDOUS!
(2) With the layoffs come a DRASTIC decrease in consumer confidence and spending.
(3) The drop in consumer spending will lead to more layoffs and less hiring.
(4) We will see more independent contractors and part time workers than anytime in history!
(5) Hiring freeze will be the new NORM!!!
(6) TRUE unemployment will skyrocket! Even Faux unemployment will skyrocket!
(7) The roles of uninsured will be higher than ever!
(8) Yet the Dems PUSH amnesty because that will be all they have come 2014 elections!

Share This Massive List Of Post-Election Firings And Layoffs With Everyone You Can

Vegas Employer: Obama Won, So I Fired 22 Employees « CBS Las Vegas

Texas Instruments Cuts 1,700 Jobs, Winds Down Tablet Chips - CNBC

Applebees announces massive layoffs due to Obama reelection and Obamaca Will Obamacare continue to cause Layoffs ?

I expect much worse...

Human sacrifice, dogs and cats living together... mass hysteria!


I blame Obama

So did Robert Murray....and......
Obama STILL Won!!!!!!

:woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo:

January 25, 2013

Murray
CHOKES
!!!

"Throughout the 2012 presidential election, Murray Energy CEO Robert Murray used his employees as a political tool to try to defeat President Obama. Murray allegedly forced miners to attend a pro-Romney rally without pay and to contribute to Republican candidates. He announced layoffs at mines in Ohio and Utah, claiming that Obama’s “war on coal” has cost jobs and hurt his business.

But months after blaming Obama for layoffs, Murray Energy is looking to hire back workers. Alec MacGillis reports this includes mines in Ohio and Utah, which had announced layoffs in the days following the election."


Rednecks4Obama.jpg
 
All these companies laying off workers and closing down plants and operations. Inflation is inevitable (because of the rise on food and gas)! This all coming before the SPENDING holiday season that many companies truly rely on!

Predictions:
(1) The Layoffs are going to be HORRENDOUS!
(2) With the layoffs come a DRASTIC decrease in consumer confidence and spending.
(3) The drop in consumer spending will lead to more layoffs and less hiring.
(4) We will see more independent contractors and part time workers than anytime in history!
(5) Hiring freeze will be the new NORM!!!
(6) TRUE unemployment will skyrocket! Even Faux unemployment will skyrocket!
(7) The roles of uninsured will be higher than ever!
(8) Yet the Dems PUSH amnesty because that will be all they have come 2014 elections!

Share This Massive List Of Post-Election Firings And Layoffs With Everyone You Can

Vegas Employer: Obama Won, So I Fired 22 Employees « CBS Las Vegas

Texas Instruments Cuts 1,700 Jobs, Winds Down Tablet Chips - CNBC

Applebees announces massive layoffs due to Obama reelection and Obamaca Will Obamacare continue to cause Layoffs ?

Too bad our corporate executive genius class outsourced and moved nearly our entire manufacturing base to third world shit holes. Now we'll have to rely on financial and legal service vaporware for our sustinance. Pretty reassuring, huh?
 
We are headed towards a DEPRESSION!!!

Did someone forget to tell the DOW? Up 6% just since the beginning of the year!
 
We are headed towards a DEPRESSION!!!

Did someone forget to tell the DOW? Up 6% just since the beginning of the year!

Keep your hopes up

The economy must fail. How else can the Republicans ever get elected again
 
All these companies laying off workers and closing down plants and operations. Inflation is inevitable (because of the rise on food and gas)! This all coming before the SPENDING holiday season that many companies truly rely on!

Predictions:
(1) The Layoffs are going to be HORRENDOUS!
(2) With the layoffs come a DRASTIC decrease in consumer confidence and spending.
(3) The drop in consumer spending will lead to more layoffs and less hiring.
(4) We will see more independent contractors and part time workers than anytime in history!
(5) Hiring freeze will be the new NORM!!!
(6) TRUE unemployment will skyrocket! Even Faux unemployment will skyrocket!
(7) The roles of uninsured will be higher than ever!
(8) Yet the Dems PUSH amnesty because that will be all they have come 2014 elections!

Share This Massive List Of Post-Election Firings And Layoffs With Everyone You Can

Vegas Employer: Obama Won, So I Fired 22 Employees « CBS Las Vegas

Texas Instruments Cuts 1,700 Jobs, Winds Down Tablet Chips - CNBC

Applebees announces massive layoffs due to Obama reelection and Obamaca Will Obamacare continue to cause Layoffs ?


All of what you just mentioned happened under the Bush administration. You are just another right wing village idiot.
WTF have you been? When Obama took office we were headed toward a depression and is stimulus headed it off and we have been in a recession and now in recovery. Obama inherited a economic meltdown.


Obama: Stimulus headed off depression

President chides critics, says year-old plan saved at least 2 million jobs
Obama: Stimulus headed off depression - politics - White House | NBC News

“When the President took office, we were losing 800,000 jobs a month. But the President’s policies brought us back from the brink and we’re now moving forward again – businesses have added 5.2 million private sector jobs over the past two and a half years, the unemployment rate is at its lowest level since January 2009, and consumer confidence is at a five-year high.”
Main Street: President Obama's Plan to Build the Economy from the Middle Out


25 People to Blame for the Financial Crisis
The good intentions, bad managers and greed behind the meltdown
George W. Bush - 25 People to Blame for the Financial Crisis - TIME

Auto bailout save and created jobs.
The President took action to save more than more than 1.1 million jobs in 2009, more than 310000 jobs in 2010, and revive the U.S. auto industry.
Auto Industry Job Creation ? Barack Obama
 
Don't forget the two wars, tax cuts for the rich and factories that went over seas under Bush that created record unemployment and dependent on unemployment insurance and food stamps,etc.


Job Loss Under Bush Much Worse Than Under Obama


Bush lost 4.4 million jobs in his last year in office and left us a 10.6 trillion dollar debt.
http://www.huffingtonpost.com/2012/04/23/job-loss-obama-bush_n_1446650.ht

Did George W. Bush cause this crisis?

when President Obama came to power, he inherited a budget deficit of $1.2 trillion. When Bush came to power, the country had a surplus of $300 billion.
How did we get a $1.5 trillion change in our fiscal condition during Bush's time in office? Roubini lists five factors:

1. We cut taxes.

2. We spent $2 trillion on two unwinnable wars.

3. We doubled discretionary spending. Some conservatives originally aimed to "starve the beast" by cutting taxes in order to force future cuts in spending. But spending grew so out of control in Bush's term that no beast was starved, Roubini said. In fact, the beast was fed.

4. We added entitlement benefits like the Medicare drug benefit.

5. We entered the largest economic and financial crisis ever, which caused a huge increase in the deficit through the "recession deficit" and the cost of bailing out the banks and financial institutions.Did George W. Bush cause this crisis?- MSN Money
 
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Personally I think everyone should buy gold coins and lots of guns and food rations and dig a big hole in the back yard and make sure you have lots of batteries and don't bring perishables and bring them down in the hole because they'll rot and smell bad and bring enough clothes down there for the duration we won't be able to wash them in the hole of course but we will have water to drink, I'll think we'll be okay once the commies are all gone.

'n stuff.

.
 

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