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| Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
08-09-2009, 01:57 PM
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#1
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Registered Grandpa
Join Date: Nov 2003
Location: east coast
Posts: 8,592
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Recession ended?
The National Bureau of Economic business cycle dating committee said
the recession may have ended in July. Recession started in Dec 2007.
That would be nice, and fit right in with other recessions normally lasting 6-18 months.
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" Choose Life "
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08-09-2009, 02:04 PM
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#2
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BigFish Bait Co.
Join Date: Apr 2003
Location: Hanover
Posts: 23,392
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Yup! The sun is out and its a beautiful day! Everyone go back to your normal lives....the government says its all good now! Spend money, buy cars, homes......the recession is all over folks......the government says so!!  |
Almost time to get our fish on!!! 
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08-09-2009, 02:47 PM
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#3
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Registered User
Join Date: Sep 2006
Location: Mansfield
Posts: 4,834
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I'll be sure to tell the 10% of us that are unemployed. They will be thrilled. We have not even begun to pay for Obama's spending spree.
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08-09-2009, 03:08 PM
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#4
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Old Guy
Join Date: Oct 2004
Location: Mansfield, MA
Posts: 8,760
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And my friends that just got laid, globalized, off 7/31
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08-09-2009, 05:22 PM
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#5
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,467
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I think most everyone expects a jobless recovery...
Time to innovate and create new jobs.
-spence
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08-09-2009, 06:22 PM
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#6
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Registered User
Join Date: Nov 2007
Posts: 12,632
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companies are moving operations from our shores just as fast as they can, this is an oppressive government that few want to toil under save GE and others that think they have an in and a stake in this socialist regime, they'll get strangled too when they're the only ones left to demonize and steal from...."jobless recovery"...that's hilarious 
Last edited by scottw; 08-10-2009 at 06:42 AM..
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08-10-2009, 11:11 AM
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#7
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Registered User
Join Date: May 2008
Location: Mansfield, MA
Posts: 5,238
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Quote:
Originally Posted by buckman
I'll be sure to tell the 10% of us that are unemployed. They will be thrilled. We have not even begun to pay for Obama's spending spree.
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Didn't you hear? The stock market is up - Obama must be doing a good job since that was your only point of reference for 2 months as to how poorly he a job is doing.
Recession is an arbitrary term based on GDP. |
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08-10-2009, 11:34 AM
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#8
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Also known as OAK
Join Date: Apr 2003
Location: Westlery, RI
Posts: 10,408
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Quote:
Originally Posted by scottw
companies are moving operations from our shores just as fast as they can,
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yup.
this started in January 09. |
Bryan
Originally Posted by #^&#^&#^&#^&#^&#^&#^&#^&#^&#^&#^&
"For once I agree with Spence. UGH. I just hope I don't get the urge to go start buying armani suits to wear in my shop"
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08-10-2009, 11:56 AM
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#9
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Registered User
Join Date: Oct 2008
Location: Warwick
Posts: 541
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things have at least bottomed out, but Unemployment is too high.
Wasn't Obama guaranteeing 5 million new jobs with his stimulus?
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08-10-2009, 12:54 PM
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#10
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Registered User
Join Date: May 2008
Location: Mansfield, MA
Posts: 5,238
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Quote:
Originally Posted by stcroixman
things have at least bottomed out, but Unemployment is too high.
Wasn't Obama guaranteeing 5 million new jobs with his stimulus?
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Consistently, it has been stated that jobs will not come back until after the economy starts to recover. Companies have to actually start making money again before they can hire people. Like I said before, the term Recession is arbitrary.
Do I think the stimulus will "keep or create 5 million job"? Not a snowball's chance in hell. Half that much - 2.5million? Doubtful
Quote:
Originally Posted by RIROCKHOUND
yup.
this started in January 09.
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Obama was president for 2 weeks in January 2009. It's his fault companies started doing that. |
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08-10-2009, 01:37 PM
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#11
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Registered Grandpa
Join Date: Nov 2003
Location: east coast
Posts: 8,592
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Quote:
Originally Posted by JohnnyD
Do I think the stimulus will "keep or create 5 million job"? Not a snowball's chance in hell. Half that much - 2.5million? Doubtful
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Doubtful for sure, and even though there were less jobs lost in July, 247,000
jobs is a lot more people out of work.
The only increase in July was $181 Billion added to the deficit. 
Last edited by The Dad Fisherman; 08-10-2009 at 01:52 PM..
Reason: Fixed Quote
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" Choose Life "
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08-10-2009, 01:39 PM
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#12
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........
Join Date: Apr 2002
Posts: 22,805
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keepin my eye peeled
for flying pigs
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08-10-2009, 05:54 PM
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#13
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Registered User
Join Date: Sep 2006
Location: Mansfield
Posts: 4,834
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Quote:
Originally Posted by stcroixman
things have at least bottomed out, but Unemployment is too high.
Wasn't Obama guaranteeing 5 million new jobs with his stimulus?
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I know he created the largest federal work force on record and I'm not even counting Czars. |
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08-11-2009, 12:02 AM
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#14
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Registered User
Join Date: Nov 2007
Posts: 12,632
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Quote:
Originally Posted by RIROCKHOUND
yup.
this started in January 09.
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Rock, touche'....no it obviously did not start in 09 but facing the prospects of Cap and Trade, Card Check or some form of forced unionization, increased minimum wage recently, and unquestionably more regulation around the corner, government dictates....there are even more reasons now for companies to move jobs and operations, not the recipe for growing an economy, but then, that's not the intention...more to be gained for this bunch in destroying the economy and creating as many dependents and as much dependance as possible... |
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08-11-2009, 09:49 AM
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#15
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Registered User
Join Date: May 2001
Location: Rhode Island
Posts: 3,650
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To this point, it's been people on unemployment, the auto and banking industries, and local police/fire departments that have gained the most from the stimulus.
I know everyone is afraid of what might happen, but what might happen has not happened yet.
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08-11-2009, 11:05 AM
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#16
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Registered User
Join Date: Nov 2007
Posts: 12,632
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yeah, why worry about what "might" happen? Obama has everything under control
Soaring deficit may defy forecasts
2008 -$459 billion
2009* -$1,841 billion
* Estimate
Source: White House
By Richard Wolf, USA TODAY
August 11, 2009
WASHINGTON — Stagnant unemployment, shrinking tax revenue and a struggling economy threaten to quadruple the size of last year's federal budget deficit, raising more questions about the timing of costly proposals to overhaul health care.
As the White House and Congressional Budget Office (CBO) prepare to release new deficit estimates this month, several economists say the news is likely to be as bad as or worse than forecasts.
"This is going to be a very depressing outlook," predicts former CBO director Douglas Holtz-Eakin. |
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