History of U.S. Recessions Causes Lengths Stats
2008-2009 Recession
TheGreat Recessionwas the worst sincethe 1929 Depression. The economy shrank in five quarters, including four quarters in a row. Two quarters shrank more than 5%, including Q2 2008which fell a whopping 8.9%, more than any other recession since the Great Depression. The recession ended in Q3 2009, when GDP turned positive,thanks to economic stimulus spending. The recession was also the longest since the Depression, lasting 18 months.
2008
· Q1 -2.7% (0.4%)
· Q2 2.0% (1.5%)
· Q3 -1.9% (-2.7%)
· Q4 -8.2% (-5.4%)
2009
· Q1 -5.4% (-6.4%)
· Q2 -0.5% (-0.7%)
Auto Industry Bailout GM Ford Chrysler
The federal government took over GM and Chrysler in March 2009. It fired GM CEO Rick Wagoner, and required that Chrysler merge with Italy's Fiat SpA. It took advantage of the take-over, setting new auto efficiency standard to force the companies to become more competitive against Japanese and German firms.
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Another Ribbid lie exposed. The Auto industry bailout did not occur until March 2009. W's recession was as deep as any that we have ever seen.
The US Economy has not entered into a recovery and cannot... due to the 'fiscal policy' of the Ideological Left which is preventing it.
Such is the case today, that any attempt to 'recover' the US Economy would literally cause the planet's economic foundation to collapse, and it would do so almost instantaneously, with hyper-inflation of the US Dollar rendering it something well below ABSOLUTELY NO VALUE... the volume of the linen-paper currency alone, would be sufficient to send most landfills in the United States into overload.
Within the first few days of what is inevitably coming, the price of a loaf of bread will be counted in the MILLIONS.
Now some might say that "The Left has prevented that from happening" and they would be dead wrong.
The Left has quite literally CAUSED it to happen.
All that was necessary for the US Economy to recover, was the easiest thing that could have been done, which was: NOTHING.
Had the Left NOT propped up business that succumbed to the removal of sound principle from the financial/lending markets, and let those companies go bust... within weeks, those assets would have been bought by new entities... who could have purchased them as fire sale prices, and returned those assets back to the markets at very affordable levels, which would have produced the CORRECTION that has yet to take place.
By fabricating TENS OF TRILLIONS OF DOLLARS to prop up those fatally flawed businesses, they have devalued the US Dollar to roughly below worthless... and this without regard to those who simply pretend that such hasn't happened, because the consequences of such, have yet to materialize.
Understand, the Socialist Policy which caused the housing bubble, thus which caused the boom that busted it... was what caused the bust. That was true in the 1970s when the Left was coercing the lending markets to drop the actuarial lending principles that sustain viability in their industry, it was true in the 80s, when they expanded on policies to encourage such, it was true in the 90s when they doubled down on those policies and it was true in the 2000s when they GUARANTEED AGAINST LOSSES DUE TO THOSE POLICIES and it remained true, right to the bust.
Thus the policy was wrong in the 70s and remained wrong until the INEVITABLE consequences came rockin' in, in 2008.
The same is true for the INEVITABLE, UNSPEAKABLE CRASH which they have stored up... and which has yet to happen, but which MUST HAPPEN.
And... folks, when it does. We're all fucked. And they're already preparing for it... and it is going to end life as we know it. And no one reading this, will be alive, when and more appropriately:
IF we manage to come out the other side, as a nation, let alone as a free nation built upon the American Principles of Freedom.
The good news, if there is any, is for those of you who have been so eager to build a fence on our borders. At the collapse, there will be a BEAUTIFUL FENSE BUILT. But it will not be built to keep Foreign Nationals from getting INTO the US, it will be built by the Left... to keep US Citizens from hauling their ASS to ANYWHERE BUT HERE!
