THE DELUSIONAL DEPRESSION! There, I have a name for it.

[Neubarth]

The recession is officially over according to GDP, but the Depression remains. We are still in a horrific Depression and things are rapidly getting worse. Yet, those who want to believe the government lies and distortions know that the Recession is over.

Hence, I have named this Depression "The Delusional Depression." We will let the psychiatrists worry about that.

 

[Neubarth]

Illogical Federal support for spending on Korean and Japanese cars and any kind of home drove the economy up 3.5 percent from July through September. But the government aid -- from tax credits for home buyers to rebates for auto purchases -- is only temporary. Can you say "fleeting" and mean it?

Consumer spending, which normally drives recoveries, is obviously likely to collapse without it.

If shoppers retrench in the face of rising joblessness and tight credit, the fragile recovery could tip back into recession.

For the Obama administration, the mythical positive report on economic growth is a delicate one.

The Obama administration wants to take credit for ending the recession. On the other hand, it needs to acknowledge that rampant rising joblessness continues to cause Tremendous Pain all across the country because of pretend positive GDP. The loss of real jobs will result in an economic collapse never seen before because we were never before in a service sector economy like we are now............. These are not factory jobs that we are losing. The service sector is delicate and will be net additive to the fall of the economy.

 

[Mike Mitrosky]

Delusional depression is accurate.. And it fits well for when we have Delusional Prosperity.

 

[midcan5]

What shall we do, what shall we do... so do you own an American car (made here), does the company you work for outsource, do you try to buy American products, do you support manufacturers who create jobs here, do you not shop at Walmart, do you shop at Costco, do you check the label on the products you buy, do you support green jobs here, do you support businesses that create a climate of fairness by not awarding their executives millions, do you support Unions, do you support a fair wage, do you support legislation that makes illegals doing jobs here more difficult, do you support small business and not Walmart, do you buy from American companies, do you support elected officials who are interested in the people - oh I know your economics' professor told you differently or your conservative press told you differently - so what shall we do... bitch and moan and blame Obama or support each other. Your choice.

"Their economics were basically sound: the well-known principle of comparative advantage implies that trade in new kinds of products will bring overall improvements in productivity and well-being. But Mankiw and his defenders underestimated both the importance of offshoring and its disruptive effect on wealthy countries. Sometimes a quantitative change is so large that it brings about qualitative changes, as offshoring likely will. We have so far barely seen the tip of the offshoring iceberg, the eventual dimensions of which may be staggering."

Offshoring: The Next Industrial Revolution? | Foreign Affairs

Darn entire piece is no longer available.

 

[mudwhistle]

The recession is officially over according to GDP, but the Depression remains. We are still in a horrific Depression and things are rapidly getting worse. Yet, those who want to believe the government lies and distortions know that the Recession is over.

Hence, I have named this Depression "The Delusional Depression." We will let the psychiatrists worry about that.

Strange how the Dems have been saying for 3 years how bad the economy is....and now they want to attempt to convince us that now that they've intentionally fucked it up they want to reverse the damage by claiming it's getting better now.