Posted on 12/08/2010 6:02:35 PM PST by ssugasl231
According to NBER.orgthe National Bureau of Economic Research, the recession officially ended June, 2009.
Yet unemployment just went UP to 9.8%.
So we are not in recession folks; we have been out of it since mid-2009. What is keeping unemployment so HIGH?
(Excerpt) Read more at libradex.com ...
zer0 drove it back into the ditch
Yeah. There used to be some big players in the Jackson Michigan area. They’re long gone and lots of other jobs have evaporated in the last couple of years.
It’s just kicking in...
I’ve got a hunch that GM will post a significant increase in Escalade sales in coming months.
Higher taxes and higher healthcare costs. Less
disposable income, less demand for products.
It’s not that hard to figure out.
I could not have charted a more confidence-destroying route out of recession than the course we have taken under the current regime. Healthcare we can’t afford and don’t want. Bailouts that should have been chapter 7 or 11 bankruptcy in which bond holders were shafted, threats of carbon taxing, extra-legal regulations concerning greenhouse gas emissions, feinting toward amnesty for millions of illegals, clamping down on energy exploration, etc.
What leadership and inspiration! We’d have been on the road out of this by now had conservatives held the reins of power.
The media and this administration are a bunch of bold faced liars. People are hurting, the economy stinks and hasn’t gotten any better. They are trying to talk up the greatest modern depression.
Technically, we’re not in recession. The economy is just very weak, and for a recovery it’s extremely weak.
It’s Obama’s policies which are causing this weakness.
because a moron is at the wheel.
The recession is over? That’s news to me.
We are NOT numbers. But, we are the economy.
Until there is some long term, measured in years - not months, the economy will not recover. Statements from the NBER, Congress, the MSM, and other parts of the centralized planning apparatus will be ignored.
All these announcements do is to prove the near total isolation of people living inside the beltway where numbers are more important than people. Worse, when the economy does recover any announcements from these sources will be ignored by the people because of unsupportable announcements like the one in this port.
So Sorry DC - you ain't “We the People” any more (if you ever were)!
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