Skip to comments.No Recession, Technically, But Jobs Flat, Wages Down
Posted on 09/15/2011 11:39:43 AM PDT by Slyscribe
It's not a recession, it just feels like one. Industrial activity keeps rising, but other reports out Thursday showed real wage declines are accelerating and that job woes continue.
Industrial output rose 0.2% in August as manufacturing activity expanded amid broad, auto-led gains, the Federal Reserve said. Wall Street expected no change.
"It's still consistent with the idea that we're in a period of subpar economic growth," said Scott Brown, chief economist at Raymond James.
(Excerpt) Read more at investors.com ...
Now let's quit talking about the economy, he's got that under control... The REAL issue is Republicans want to kill old people!
It's not dead. It's mostly dead.
The real question is how long will this economy continue to be able to squeeze blood from a turnip.
But don’t forget - they want to starve them first!
and just to keep on theme... :)
—The real question is how long will this economy continue to be able to squeeze blood from a turnip.—
And what happens after the last drop falls? And how long after?
this economy on this trajectory will eventually reduce the middle class, the historic anchor of the American system.
Industrial production will likely be revised down in the next month and it will be discovered that we are in a depression.
Of course this is not a recession.
What we have now is a full-blown depression, at the moment, maybe not quite as big as the Great Depression of 1931-1942, but just as adamantly entrenched. As long as this regime now in the White House keeps trying to “fix” the economy, with the exact opposite “remedy” to which will work, the economy will remain depressed.
If FDR and his Brain Trust had not been trying to “fix” things, we would have been out of the sharp recession of 1931-1933 by 1935. But then, where would have the New Deal have been? Abandoned like the social experiment it was, not ingrained into our legal system.
Okay, it’s ‘technically’ not a recession.
Then all those people are ‘technically’ not unemployed..............
Wouldn’t that be a DEPRESSION, Investor’s Business Daily, when you count the 12% of the GDP which is artificially there due to deficit spending? If I went out and bought myself a $7,000 TV using a credit card, I can’t rightly claim my income increased by $7,000, I’m still making the same amount of money, I just now get to give more of it to someone else.
We left the reservation of recession a while ago...
LIARS... come tell me to my face these lies you leftists... PLEASE! WE ARE IN A DEPRESSION AND ONE CANNOT LIE THEIR WAY OUT OF A HOLE.
If the MSM were honest, this would be a depression.
But they have to protect their prince.
I’m going to coin a new term. In the Carter years we had “stag-flation” which means a stagnate enconomy along with inflation.
The new term for Obama’s economic policies is “stag-session” which means a stagnate economy along with a persistant ressession.
So help me tie the millstone of stagsession around Obama and the Democrat’s necks.
It’s not a recession because they include government spending in the calculation of GDP. And we all know what’s happened to government spending since King Barry assumed the throne.
Technicalities... whoever came up with such a thing(I bet it was a lawyer) should dragged out to the street then tarred and feathered.
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