Worst of the Recession is Behind Us

Discussion in 'Economy' started by catzmeow, Jan 13, 2009.

  1. catzmeow
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    catzmeow BANNED

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    Say Forbes analysts:

    The Most Intense Period Of The Recession Is Behind Us - Forbes.com

     
  2. Gaar
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    Gaar Member

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    They couldn't be more wrong.
     
  3. catzmeow
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    catzmeow BANNED

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    How do you know?
     
  4. Skeptik
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    Skeptik Astute observer

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    Let's see... Forbes Magazine vs. some guy calling himself Gaar on an internet forum, which is more credible? That's a toughie.

    Moreover, I want to believe what Forbes is saying. Wanting to believe something makes it true, doesn't it? Lots of people seem to apply that line of reasoning to a whole host of questions at any rate.

    If Forbes is correct, if the economy has bottomed out and now is going to start upward once more, if we see prosperity by, say, the election of '12, can you imagine how much political capital the Obama administration will have?

    Of course, that's a lot of ifs. Let's see what happens. We should know by this time next year, shouldn't we?
     
  5. Ravi
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    Ravi Diamond Member

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    Excellent. Democratic control of the country results in the end of Bush's economic meltdown.

    :clap2:
     
  6. doeton
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    doeton Senior Member

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    given the subject matter matter i'm going with Gaar.
     
  7. Skeptik
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    Skeptik Astute observer

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    More like, the economic meltdown results in Democratic control of the country.

    How much control does the president really have over the economy?

    If the economy really turns around during Obama's term, the Obama supporters will say that it was his policies that did the trick, while his detractors will say that the president has little influence over the economy. If it doesn't, then the Obama supporters will say that the president doesn't have much influence over the economy, while his detractors will call it the "Obama Recession."

    I'm pretty confident of that prediction, especially since the less credible voices are already calling it the Obama recession before he even takes office.

    Now, let's see if you are willing to decide now, not knowing whether or not the Forbes report is accurate, not knowing whether the economy will be better, worse, or about the same in '12:

    Just how much influence does the president have over the economy?

    No fair waiting to see what happens.
     
  8. Ravi
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    Ravi Diamond Member

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    I was just joking, remembering a few weeks back when some of the right wing posters were insisting the daily dropping of the stock market was Obama's fault.

    I'm sure the president's policies have some effect on the economy. How much depends on how successful the president is in implementing his (or one day, her) policy.
     
  9. Gaar
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    Gaar Member

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    We just lost the most amount of Jobs in any one month since World War II.

    We will see the end when we start CREATING Jobs, not losing them in Record numbers.
     
  10. manifold
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    manifold Diamond Member

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    :rofl: Good one.

    However, the high probability that some guy calling himself Gaar on an internet forum doesn't know his ass from a hole in the ground has no correlation whatsoever to the prophetic accuracy of the Forbes article. :cool:
     

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