Users Online Now: 535 (Who's On?)		Visitors Today: 60,134
Pageviews Today: 127,156	Threads Today: 147	Posts Today: 1,927
07:31 AM

News

Back to Forum

Post New Thread

View Favorites

The Recession is officially over, but the Economy is still falling.

RSS

Joe Neubarth
User ID: 772877
10/30/2009 8:27 AM
Report abusive post

The Recession is officially over, but the Economy is still falling.

Quote

The Recession is officially over, but the Economy is still falling.

Bernanke and Geitner have their positive GDP, but the economy is still falling and falling and falling. This is a fine mess we are in.

Government spending brought GDP up to 3.5

"Economists said the massive stimulus injected by the U.S. government, such as the cash for clunkers program that lifted car sales, helped boost consumer spending. Since the federal stimulus reached its maximum effect in the third quarter and the unemployment rate remains high, there's uncertainty over the sustainability of the recovery."

GDP = private consumption + gross investment + government spending + (exports - imports)

AND, I ask, is it a recovery when all the Obama administration has done is manipulate the data that goes into the GDP so as to raise it to plus 3%??????

All that government spending can buy a positive GDP, but the economy still is tanking. The economy itself is not improving even if the GDP says that EVERYTHING IS WONDERFUL.

As previously stated, Bernanke and Geitner have worked to solve the GDP problem, but they have not effectively solved the economic problems.

All you have to do is have Cash for Korean cars and more Defense spending and you can have a positive GDP. It is not hard.

Anonymous Coward
User ID: 739402
10/30/2009 8:32 AM

Re: The Recession is officially over, but the Economy is still falling.	Quote
AND, I ask, is it a recovery when all the Obama administration has done is manipulate the data that goes into the GDP so as to raise it to plus 3%?????? Quoting: Joe Neubarth 772877 The economy is going to be propped up untill a major terrorist attack(bigger than 9/11),then the dollar will collapse and Obabma will declare a state of emergancy and a DRAFT

BRIEF AND TO THE POINT
User ID: 381742
10/30/2009 8:37 AM

Re: The Recession is officially over, but the Economy is still falling.

Quote

Ok recession over and depression starts...

You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

What one person receives without working for, another person must work for without receiving.

The government cannot give to anybody anything that the government does not first take from somebody else.

When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.

You cannot multiply wealth by dividing it!

Anonymous Coward
User ID: 806398
10/30/2009 8:41 AM

Re: The Recession is officially over, but the Economy is still falling.	Quote
Ok recession over and depression starts... Quoting: BRIEF AND TO THE POINT

Anonymous Coward
User ID: 739402
10/30/2009 8:41 AM

Re: The Recession is officially over, but the Economy is still falling.	Quote
Ok recession over and depression starts... Quoting: BRIEF AND TO THE POINT The media shills are so gutless,if they mention a depression they will get sacked sacked for telling the TRUTH economists on TV = wankers

BRIEF AND TO THE POINT
User ID: 381742
10/30/2009 8:42 AM

Re: The Recession is officially over, but the Economy is still falling.

Quote

Ok recession over and depression starts...

bsflag

Quoting: Anonymous Coward 806398

Really? Can you back that up with data, or is that just a knee jerk reaction?

Anonymous Coward
User ID: 752389
10/30/2009 8:44 AM

Re: The Recession is officially over, but the Economy is still falling.	Quote
Did you see yesterday that Washington said that the Unemployment Insurance claims went down by one thousand, but if you checked the actual numbers from the fifty states, the number actually went up by 35,000 claims. Those 500,000 people who filed last week keep the number of Newly unemployed per month up around two million. THAT is frightening when you realize it has been going on all year now.

Anonymous Coward
User ID: 566027
10/30/2009 8:47 AM

Re: The Recession is officially over, but the Economy is still falling.	Quote
Yep, and the true indicators tell us that: GDP vs Leading Indicators vs Real Economic Evidence - [link to newsusa.myfeedportal.com]

Back to Forum

Post New Thread

View Favorites

Disclaimer:
This website exists for entertainment purposes only. The reader is responsible for discerning the validity, factuality or implications of information posted here, be it fictional or based on real events. Moderators on this forum make every effort to review the material posted on this site however, it is not realistically possible for our small staff to manually review each and every one of the more than 10,000 posts GodlikeProductions gets on a daily basis.

The content of post on this site, including but not limited to links to other web sites, are the expressed opinion of the original poster and are in no way representative of or endorsed by the owners or administration of this website. The posts on this website are the opinion of the specific author and are not statements of advice, opinion, or factual information on behalf of the owner or administration of GodlikeProductions. This site may contain adult content and if you feel you might be offended by such content, you should log off immediately.

Not all posts on this website are intended as truthful or factual assertion by their authors. Some users of this website are participating in internet role playing, with or without the use of an avatar. NO post on this website should be considered factual information on face value alone. Users are encouraged to USE DISCERNMENT and do their own follow up research while reading and posting on this website. Godlikeproductions.com reserves the right to make changes to, corrections and/or remove entirely at any time posts made on this website without notice. In addition, Godlikeproductions.com disclaims any and all liability for damages incurred directly or indirectly as a result of a post on this website.

This site is provided "as is" without warranty of any kind, either expressed or implied. You should not assume that this site is error-free or that it will be suitable for the particular purpose which you have in mind when using it. In no event shall Godlikeproductions.com be liable for any special, incidental, indirect or consequential damages of any kind, or any damages whatsoever, including, without limitation, those resulting from loss of use, data or profits, whether or not advised of the possibility of damage, and on any theory of liability, arising out of or in connection with the use or performance of this site or other documents which are referenced by or linked to this site.

Some events depicted in certain posting and threads on this website may be fictitious and any similarity to any person living or dead is merely coincidental. Some other articles may be based on actual events but which in certain cases incidents, characters and timelines have been changed for dramatic purposes. Certain characters may be composites, or entirely fictitious.

We do not discriminate against the mentally ill!

Fair Use Notice:
This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. Users may make such material available in an effort to advance awareness and understanding of issues relating to civil rights, economics, individual rights, international affairs, liberty, science & technology, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C.Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.
For more information please visit:
http://www.law.cornell.edu/uscode/17/107.shtml

Please be aware any communications sent complaining about a post on this website may be posted publicly at the discretion of the administration.

This Disclaimer is subject to change at anytime.

Mail Webmaster with questions or comments about this site.

Privacy Policy - Terms Of Use

Copyright 1999-2009 © GodLikeProductions.com

Page generated in 1.424s (5 queries)